A public-private partnership has been formed in Orange County to help new ventures reach their full potential. Under the program, entrepreneurs will have access to experienced business people, financiers, lawyers, marketing experts, tax advisers and other mentors.
The mentors will help new entrepreneurs with guidance and even funding. Without such mentoring, new entrepreneurs often take years to learn many of the essentials needed for running a business successfully.
The program aims at providing new entrepreneurs with state-of-the-art Internet access, videoconferencing and access to advice and funding during their first years of operation. These essentials will help businesspersons with new ideas and products, but with little practical business know-how.
These entrepreneurs will be accommodated at the Accelerator’s 10,000-square-foot facility at New York International Plaza at Stewart International Airport. After the initial difficult years, the entrepreneurs will have to move out of the facility, and succeed on their own.
Entrepreneurs wishing to join the Accelerator must have initial financing and a viable business plan that is reviewed and approved by the Accelerator’s Management Council. ompanies from all industry sectors can consider joining the Accelerator, but the program is looking particularly for companies in three clusters: renewable and alternative energy, life sciences and biopharmaceuticals and information technology, especially companies developing applications for the Internet and other software.
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