Business Creation

Identify and accelerate local entrepreneurs toward new and expanded business creation by providing the appropriate training, the right expert services, and matching them together with experienced mentors.

We support our local business development cluster that includes our incubator, maker-space, and co-working spaces.

Robomustache – Charles Wade – Winter 2015

Triad Startup Lab Mission

We are a Nonprofit

Entrepreneur Support

Organization

We collaborate with our

community partners in our

business development cluster.

We demonstrate sustainable

and measurable impact: Triad

Startup Lab produces positive

outcomes in the form of cash

positive companies that then move

into other resources in the

entrepreneurial ecosystem.

Our City Government provides

funding for paid interns, and we

provide funding to pay for expert

services for the Founders.

What Makes Us Unique?

Cash PositiveCompanies

IncubatorNussbaum Center

For-profit coworkingHQ Greensboro

Creative/MakerSpaces The Forge

Capital Ready

Community

Pitch EventsSLAM!

co//ab communityco//ab communityTriad Startup Lab

Paid Interns

ExpertsCoworking

Colleges + Universities

We believe in fractional staffing due to increased efficiency of both time and money. Additionally, because compassion, empathy and emotional intelligence are essential skills for success in both business and life, all staff must demonstrate a willingness to experiment with new ideas and flexibility to adapt to unexpected results as data for learning and professional growth.

Our team is composed of:• Serial Entrepreneurs• Industrial + Graphic Designers and Videographers• Web Developers• SEO and Social Media • Sales Professionals • Inbound Marketing Experts • Business Coaches• Accredited Angel Investors All with startup-savvy chops

Team of Experts

Of Wall Things – Michele Lalumondier– Winter 2015

Our staffing philosophy

We are the Piedmont Triad’s only business accelerator

The Piedmont Triad of NC is Greensboro, High Point, and Winston-Salem and we have an estimated population 600k.

We assist a budding Maker Community in an area suffering from chronic economic depression, high unemployment, and the lowest wages in the country* and we have a large and growing population of minorities.

We are rich in a demographic diversity of immigrants and we are very fortunate collaborate with the small and innovative Elon School of Law (our next door neighbor) that provides in-kind support in legal clinics and interns.

Regional Gaps Filled

Create Your City – Ryan Saunders – Winter 2015

*Greensboro MSA clustermapping.us

We are not an investment accelerator, and seek no equity in exchange for our services. We are supported through community foundation grants.

We have a wide range of startups, and one model does not always fit everyone.

We seek to fill our accelerator with Founders of diverse industry* and demographic** backgrounds. Our methods all stem from the same core process but are tailored to fit the needs of Founders. Some need Lean Startup coaching, some need branding, some need mentors, some need sales validation, some need basic business skills while some need all of the above.

*Accelerated startups 2014-2015 have included:12 - Manufacturing, Makers and Bakers10 - Internet Tech Geeks06 - Specialized Service Providers 02 - Social Entrepreneurs

**Founder Diversity (MWBE): 52%

Accelerator Model

Little Brown Box Works – Winter 2015

Bow Times—Noah Cameron—Summer 2014

Triad Startup Lab Statistics

All side-bar features are Triad Startup Lab success stories

We have BIG plans for the money.

HIRE additional fractional staffing to develop fundraising money and corporate sponsorships, as well as increase minority outreach, and program marketing.

ADD more expert services to provide founders with creative design, marketing, product development, and web resources.

SCALE program reach and community engagement with licensing and training for costarters.co curriculum.

Award Plan

Chris Padget – Summer 2014

9 week program

3 hours per week

Community Support

Business Model

Customer-centered Validation

Participation Fee

Recommended by Launch TN

2014 activity:•35 locations nationally•46 cohorts offered•655 participants enrolled•156 community leaders trained

TO DATE:•Over 2000 graduates •73% of graduates still in business after 4 years•53% female founders•Minority inclusive

Award Plan

About co.starters

Valeria Elliot – Summer 2014

Self-Evaluation

MetricsMeasures of Success

Type of company accelerated

Industry diversity among companies

Minority and Women’s Business Enterprises (MWBE)

At least 50% MWBE participation

Cash positive balance position

50% of companies within 6 months

Accelerated businesses still in operation

At least 75% after one year

Community engagement and partnerships

-Founders attend at least 2 community events monthly-Program facilitators host at least 2 community events monthly -Yearly attendance > 500

Metrics

Fundraising Goals

Increase corporate sponsorships

Maintain $100K City Council funding

Maintain local foundation funding

In-kind donations: use of space at co//ab

Outside investment in participating companies

Rashelle Brooks – Summer 2014