TechCelerator @ Erie

TechCelerator@Erie is sponsored by ECGRA

Ben Franklin Technology Partners of Central & Northern PA (BFTP/CNP) provides startup funding not only for potential tech-entrepreneurs and small manufacturers at the earliest stages of their concept development, but we also invest in innovative, entrepreneurial development programs that mentor and support emerging startups.

Activities and programs that accelerate a region’s early-stage deal flow help create an environment that allows those who have considered starting a tech-business to explore the likelihood of success with the benefit of professional guidance. For example, emerging entrepreneurs who participate in our 10-week startup boot camps  are more likely to make an educated decision on how to move forward with their business concept and learn how to apply for startup funding.  Business mentoring and support is provided by Ben Franklin Transformation Business Services personnel and the Gannon University Small Business Development Center.

Successful participants receive stipends to assist with initial prototyping and customer discovery expenses as well as legal and accounting advice.  At the completion of the program, they also have the opportunity to pitch their business concepts to a panel of local professionals with the possibility of winning prizes totaling $10,000.

Topics that will be addressed during the ten weeks include:

  • What is the Technology Idea? Intro to “2-minute Stand-up”
  • Basic IP – Documentation, Public Disclosure, Patents, Trademarks etc.
  • Business Model overview
  • Customer Development
  • Value Proposition
  • Customer Segments
  • Channels
  • Customer Relationships – Get/Keep/Grow
  • Basic Financials – Balance Sheet, Income Statement, Cash Flow
  • Estimating Operating & Startup Costs
  • Revenue/Pricing/Costs
  • Funding Options
  • Basic Legal – Business Structure & Ownership

When:

Beginning mid-June

Once-a-week sessions held from 2:00 – 4:00 pm

August 21 – graduation pitch day

Where:

Ben Franklin’s office in Knowledge Park
5240 Fryling Road, Erie PA 16510

Are You Eligible to Apply?

  • Is your business in the concept or pre-revenue stage?
  • Is there a technology component to your business idea?
  • Can you attend an eight/ten-week program, once a week?
  • Are you planning to commercialize your business concept?

In case you’re wondering, this is what a graduation pitch looks like: