Rolling applications are now being accepted for the Optimization & Incubator Programs!
The MBCC Program is designed to engage with current & future entrepreneurs to guide them through a structured process to review or a develop their business or business idea, improve the business’ product(s) using the Minimum Viable Product (MVP) approach, and to coach the entrepreneurs on how to use their success in the MVP phase of the project to grow and scale their business, either through internal funding or by helping to find outside investment capital.
The Programs
Incubator
This program will work with the entrepreneur by deep diving into understanding the customer and building or improving their business’ product(s). It will use the Minimum Viable Product (MVP) approach and more advanced marketing (tradition & digital) to validate customer assumptions and obtain customer feedback.
Optimization
This part of the program will focus on validating the business strategies and assumptions. It will also include consulting on topics such as:
- Building a team, and more advanced concepts around the legal needs for their business
- Raising outside capital, and why founders want outside partners
- Business scaling math
Recruitment & Participation
We will look to recruit 15 to 20 companies for the incubator and accelerator cohort. Participants will be entrepreneurs of color with existing or new minority owned businesses with the potential for growth and expansion. The entrepreneurs will need to have the drive to create something greater than a lifestyle business who are coachable and ambitious.
MBCC Program Participation Benefits
- 1-Year Membership to the Madison Black Chamber of Commerce
- MBCC Means Business Slack Group**
- Podcast interview with James Kademan from Draw in Customers
- HubSpot & Marketing Meetup/Mastermind Group
- AltusLevelUp 5G Leadership Program 🔗
- AltusPlatform Services StartUp Program 🔗
- eCommerce Platform Services
- Online Learning, Training & LevelUp Platform
- 5G Leadership Program
- Access to shared services for 36-month at a reduced cost**
- Bookkeeping, Comptroller, Financial Planning & Data Analytics
- Marketing & Graphic Design
- Webinars & Lead Generation
- Software/Website Development
- Services Cost Sharing *
- Accounting & Tax services
- Marketing & Graphic Design
- Webinars & Lead Generation Software/Website Development
…. And more to come!
*Terms and Conditions apply
- Must be a member of the Madison Black Chamber of Commerce in good standing
- Must be a current MBCC Means Business Program Alumni or current program participant
Incubator Program Specifics
Incubator – Vision-Focused
- Problem/Solution - identify a real problem and propose a real solution
- Impact – socially and in the market (is it scalable?)
- Team – Is the team ready to commit?
- Does the team have the experience needed? Are there gaps?
- Execution – What's been done to move things forward so far?
Incubator Meeting and Program Content
Meets 2x per week (in person; StartingBlock) for 6 weeks
- Ideation (Design Think Process), MVP
- Goal Setting, Mentoring (mentoring and being those mentored)
- Sales/Marketing
- Money operations/Human resources/E-Commerce/Supply chain/Business software/Product iteration
Incubator: Experience & Program Format
- Meeting Agenda (6pm to 8pm)
- 6:00pm - Introduction
- 6:15pm – Program Presentation
- 6:55pm – Break
- 7:00pm – Introduce Program Guest Speaker
- 7:45pm – Program review, reading review and next steps
- 8:00pm – Adjourn
Weekly One-on-Ones (In Person or Zoom)
Optimization Program Specifics
Optimization – Functional-Focused
- In business for 1 year (MBE/DBE criteria)
- Credit check (to see if eligible for SBA loans, etc.)
- Regional market
- Growing & Profitable / Cash Flow Positive / Salvageable
- Scalable (ideally)
- Solid handle on financials – able to produce reports/analysis
Optimization Meeting and Program Content
Meets 2x per week (in person; StartingBlock) for 11 weeks
- Ideation (Design Think Process), MVP
- Goal Setting & Mentoring (mentoring and being those mentored)
- Business Software
- CRM, Financial, etc.
- E-Commerce
- Marketing
- Sales & Traction
- Business Operations
- Supply Chain
- Financial Tools/ Credit Counseling & Financing
- Equity
- Loans
- Human Resources
- Customer Service
- Product Iteration
Optimization Experience
- Meeting Agenda (6pm to 8pm); Day 1
- 6:00pm - Introduction
- 6:15pm – Program Presentation
- 6:55pm – Break
- 7:00pm – Introduce Program Guest Speaker
- 7:45pm – Program & reading review and next steps
- 8:00pm – Adjourn
- Meeting Agenda (6pm to 8pm); Day 2
- 6:00pm - Introduction & Weekly Case Study
- 6:15pm – Break into groups
- 7:30pm – Break Group back together & Start Case Study Presentations
- 7:55pm – Program review and next steps
- 8:00pm – Adjourn
Weekly One-on-Ones (In Person or Zoom)
Upcoming Sessions
Optimization
Tuesday, February 13 – Thursday, April 25, 2024
Tuesdays & Thursdays from 6pm to 8pm
Incubator
Monday, March 4 – Monday, April 8, 2024
Mondays & Thursdays from 6pm to 8pm plus special Sales & Marketing sessions
Location of all sessions
StartingBlock Madison
821 E. Washington Ave.
Fourth Floor.
Madison, WI 53703