Challenge:
To overcome the misconception that time-to-market for a new idea/business/technology takes years to accomplish. TechStar proved it could be done and Tampa Bay was ripe for with entrepreneurial talent if the local market could be shown it was possible.
Goal:
Accelerate stage 1 growth companies to gain early funding investment more rapidly.
Solution:
- Acted in a mentorship role for several companies within the program
- Applied DE, Inc. strategic planning method and tools to these companies to accelerate their business planning.
- Provided advice and council to all 6 companies as they prepared to “pitch day” to potential investors.
Results:
- Two companies gained between $250,000 and $500,000 in first round funding..
