ESTEC LA™ Incubator – Powered by OmniWorks™
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If you participated in the ESTEC™ LA Entrepreneur Workshop you already know the value of investing in yourself and have received important information on building your entrepreneurial future! Whether you attended the workshop or not, we are inviting you to take the next steps toward success: sign up now to attend five free workshops on Optimizing Your Personal Skills for Success and consider applying to become a candidate for the ESTEC LA™ Incubator – Powered by OmniWorks™.
ESTEC LA™ INCUBATOR – POWERED BY OMNIWORKS™
June 11, 2018 – May 7, 2019
This program is limited to fifteen enterprises (2 people each) who will receive personalized business guidance and curriculum from industry experts free of charge. Participants will be selected from applications submitted by ELAC students and existing community-based businesses. Eligibility is based on a criteria of enterprise stage, commercial viability, location, growth potential, commitment, and in-person interviews. Selected enterprises will participate in eleven weeks of Small Business Management and Principles of Selling courses beginning June 11th - including additional workshops on QuickBooks and LIVEPLAN platforms - and nine months of high-touch incubation, beginning August 27th, in a dedicated co-work space. Scroll down for information on the application process.
- Business Management
- Small Business Entrepreneurship
- Sustainable Business Planning
- Live Plan Platform Workshop
- Identifying Market and Target Need
- Principles in Marketing – Digital Marketing
- Legal Obligations and Operational Systems
- Sales Funnel, Costing Revenue, Cash Flow,
- Accounting, Procurement
- Quick Books Workshop
- Personal Finance & Investments
- Waging Effective Crowd Funding Campaigns
- Co-work space (includes office supplies and equipment)
- Accounting Services
- Legal Review & Roadmap
- Ongoing Business Plan Evaluation
- Consultation on Financial Projections
- Weekly Meetings w/Executive Staff and Faculty Advisors
- Monthly Meeting w/Executive Mentors
- Getting Capital Ready
- Product/Service Pitch Preparation
- Pitch Day w/Executive & Funder Feedback
- Diversity Certification (where applicable)
*ELAC courses are for credit. Upon completion of the incubator, all participants will receive Certificate of Completion.
WHO CAN PARTICIPATE:
The ESTEC LA™ Incubator program is recruiting women, minority, veteran, formerly incarcerated, and LGBTQIA aspiring/existing student and community-based entrepreneurs who are in a startup/pre-product or growth phase with a viable business idea and growth potential. Alignment with key California growth industry sectors (logistics, advanced manufacturing, robotics, drone technology, alternative energy, digital media, engineering, hospitality, small business enterprise) is preferred. Entrepreneurs must conduct, or plan to conduct, business in communities within the East LA College service area. The program is offered at no cost. Enrollment in courses (Business Management, Marketing, and Interpersonal Skills Workshops) is mandatory.
APPLY NOW: DEADLINE EXTENDED TO AUGUST 1, 2018
HOW TO APPLY:
2. Interviews: Following the telephone interview and review of your business information, you will be contacted by phone to schedule an in-person interview during the week of May 21.
3. Selection: You will be notified by June 1st (by phone and email) if your company has been accepted into the incubator. You will also receive information on securing an ELAC Student ID (if you don’t already have one) and how to register for the Business Management and Marketing courses.
ESTEC™ LA Incubator – Powered by OmniWorks™ is a powerful new program that brings a comprehensive suite of professional business development programs to ELAC students and local entrepreneurs at the East LA Center for Entrepreneurship & Innovation. This is the first such incubator program for ELAC and the East Los Angeles region. Our mission is to accelerate startup and growth-phase minority, women, veteran, formerly incarcerated and LGBTQIA owned businesses in the communities of East Los Angeles. The program’s goal is to help build economic prosperity, support quality job growth, develop intellectual property, and create generational wealth in under-served communities.
SUPPORT ESTEC LA
*These programs and workshops are for educational purposes only. The Los Angeles Community College District, East Los Angeles College and East Los Angeles College Foundation do not endorse or sponsor the participating individuals/organizations or their respective opinions, views, and services.
ABOUT EAST LOS ANGELES COLLEGE FOUNDATION
East Los Angeles College Foundation (ELACF) is an independent 501(c)(3) non-profit organization. The Foundation's singular goal is to support the programs and students of East Los Angeles College. The staff and volunteer Board of Directors embark upon advocacy, building community goodwill and promoting and elevating the College in fulfilling its mission and reaching its goals through marketing and advocacy, community and industry connections, and financial support. The Foundation strives to improve the quality, sustainability, and student involvement in many of the campus programs, such as Entrepreneurship, Logistics, Business Administration, Science, Technology, Engineering & Math (STEM) and Advanced Manufacturing. Community college foundations statewide are expected to play a pivotal role in college advancement and social impact in the years to come and the ELAC Foundation is building social enterprise programs and capacity to lead that charge by launching ESTEC LA™ Incubator – Powered by OW.The program name “ESTEC LA™” fuses the words Este “East” and Technology “Tec”, which stands for the region and innovation coming together to create the next generation of entrepreneurial minds and small businesses. To learn more about the ELAC Foundation programs visit: www.elacfoundation.com
OmniWorks is a new platform for small business growth. Our mission is to help underserved, underestimated entrepreneurs succeed by democratizing access to business intelligence, markets, and capital with a focus on women and minority business owners. OmniWorks is upgrading the existing ecosystem of business support by incorporating elements of the tech/venture capital model with place-based and virtual business services, extended mentorship, and equitable access to loan capital for startup and growth phase businesses. OmniWorks’ programs are designed to enhance small business success by helping business owners achieve greater efficiency, create and sustain quality jobs, increase revenues, and generate long term wealth in traditionally underserved communities. For more information visit: www.omniworksus.com
ABOUT EAST LOS ANGELES COLLEGE
East Los Angeles College (ELAC) is now in its 71st year of service, continuing its mission of transforming the lives of students in the eastern Los Angeles area through education and career opportunities. ELAC has an international, multicultural student body that complements the 14 communities comprising its primary service area. The college offers both academic transfer courses, which prepare students for admission to four-year colleges and universities, and occupational programs, which prepare students for careers in two years or less. ELAC boasts an 86% retention rate and a 71% success rate and continues to increase the number of graduates and transfers to four-year universities each year. Ranked #13 in the nation and #2 in California by Washington Monthly magazine’s 2016 “Best Two-Year Colleges for Adult Learners”, ELAC is one of the largest Community Colleges in California with over 60,000 students enrolled. ELAC is Ranked 12th in CSU Transfers (up from 20th) and ranked 15th in UC Transfers (up from 20th) for transfers to 4-year universities. To learn more about East LA College please visit: www.elac.edu