BF TechCelerator @ SouthernAlleghenies

A great business idea could win you up to $10,000! If you are located in Bedford, Blair, Cambria, Fulton, Huntingdon, or Somerset County, you won’t want to miss out on this no-cost opportunity!

The BF TechCelerator@SouthernAlleghenies is a 10-week Business Startup Boot Camp that targets emerging tech-entrepreneurs, from the region’s universities and the general community, who are thinking about turning a tech-business idea into a tech startup.

Business mentoring, provided by Ben Franklin’s Transformation Business Services Network and entrepreneurial coaches from the Startup Alleghenies initiative, will also be available free of charge in one-on-one mentoring sessions.  At the end of the ten weeks, successful participants will make a graduation pitch presentation to a panel of local professionals and potential investors with the opportunity to win up to $10,000 to help get the business started.

You will come away from this experience with a viable business model, networking contacts, and the confidence that comes from knowing if it’s the right time to move forward with your business concept.

Topics that are covered 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:

Winter 2021: The once weekly sessions will run on Tuesdays, beginning January 5, 2021 and end on March 17, 2021. Deadline to Apply:  December 20, 2020

One-on-one mentoring will be available on Wednesdays and Thursdays at your choice of time: 9:30 AM – 11:00 AM – or 2:00 PM

Note: This is a 10 week program – Applicants must be able to commit to at least eight of the ten weeks!

Where:  Virtual Zoom Sessions

Contact: Bob Dornich at 814-865-7332 or Jose Otero 814-525-3283

Time:

2:00 PM – 5:00 PM

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 a ten-week program, once a week?
  • Are you planning to commercialize your business concept?