Greater Newark Enterprises Corporation (GNEC) recently announced that they have officially opened up application forms for their 2016/2017 Technology Business Support Initiative (TBSI). Funded by a grant from JPMorgan Chase, TBSI is a program that aims to prepare founders, principals, and CEOs with the knowledge and skills needed to more effectively manage the financial component of their business. Upon completion of the program, business owners will have the tools needed to perform fundamental valuations of their business, discuss financial aspects with lenders or investors, understand, negotiate, and utilize different capital sources to grow their businesses.
For purposes of this program, “technology” is defined in a somewhat expansive manner so that businesses whose model is predicated on technology products and services as well as traditional businesses looking to use innovative technology tools to leverage their business growth can apply. Listed below are some of the topics that will be covered in the program:
- Business Model Canvas (A global standard used by millions of people in companies of all sizes. You can use the canvas to describe, design, challenge, and pivot your business model),
- Financial Modeling & Metrics,
- Term Sheets & Investor Contracts,
- Advanced Sales & Marketing,
- The Art of the Pitch,
- Attracting Talent and more.
Requirements & Deadline:
GNEC is targeting businesses with at least one year of operation, generating revenue, and at least one fulltime employee. The deadline for application is Friday November 11st 2016. For more information, please visit www.NewarkTBSI.com and to apply, click here www.bit.ly/TBSI2017.
Those accepted into the program will meet twice a month over the next 5 months for in-class training, 1-on-1 coaching, and other workshops/seminars to help in preparing for funding.
TBSI has a key emphasis on building and strengthening entrepreneurial networks within the Greater Newark area, so that participating businesses can grow by leveraging and complimenting the existing resources and expertise in the area.