CHALLENGE  OVERVIEW

The Urban League of Louisiana’s annual Women-In-Business (WIB) Challenge is a 9-Module business accelerator program and pitch competition designed to empower female entrepreneurs with the education, tools, and resources needed to scale their businesses.

For nine weeks, selected women business owners will participate in a comprehensive business education program, receive one-on-one technical assistance and counseling services, and be introduced to various resources to support their plans for growth. At the end of the accelerator program, four finalists will be selected to pitch their business plans for chance to win $10,000 in growth capital. The final pitch event will take place in March 2018 during New Orleans Entrepreneur Week hosted by The Idea Village.

CRITERIA

For consideration into the accelerator program, businesses must meet the following criteria:

  • Be owned and operated by women (51% or more)
  • Have at least $25,000 in annual verifiable revenue
  • Have been in business (operational) for at least 12 months
  • Have a minimum of 2 full-time employees including the owner

In addition, participants must have a business model that is innovative and/or technology-driven, OR, be a traditional business that provides services that support women and girls, OR otherwise demonstrate a positive economic impact in the community. The business should also be scalable with the potential to generate at least $500,000 in revenue within 3-5 years.

ACCELERATOR  PROGRAM  SCHEDULE

All participants must commit to the following accelerator program schedule. All modules will be held at the New Orleans Jazz Market, 1436 Oretha Castle Haley Blvd., New Orleans, LA 70112, from 1:00pm-4:00pm on the dates listed below.

 

Module Date
Module 1 – Orientation and Strategic Growth Planning 9/27/2017
Module 2 – Examining Your Business Financials and the Fundamentals of Forecasting 10/4/2017
Module 3 – Principles of Entrepreneurial Leadership 10/11/2017
Module 4 – The Nuts and Bolts of Marketing and Business Development 10/18/2017
Module 5 – Operational Efficiency and The Use of Technology 10/25/2017
Module 6 – Developing a Winning Pitch 11/1/2017
Module 7 – Best Practices in Procurement for Women-owned Businesses 11/8/2017
Module 8 – Advanced Forecasting and Financial Analysis 11/15/2017
Module 9 – Finding the Money and Pitch Prep 11/29/2017
Business Plans and Forecasting Models Due 12/6/2017
Semi-Finalists Pitch Presentations 12/11/17-12/13/17

 

 

 

 

 

ACCELERATOR  PROGRAM  SCHEDULE

Module Date
Module 1 – Orientation and Strategic Growth Planning 9/27/2017
Module 2 – Examining Your Business Financials and the Fundamentals of Forecasting 10/4/2017
Module 3 – Principles of Entrepreneurial Leadership 10/11/2017
Module 4 – The Nuts and Bolts of Marketing and Business Development 10/18/2017
Module 5 – Operational Efficiency and The Use of Technology 10/25/2017
Module 6 – Developing a Winning Pitch 11/1/2017
Module 7 – Best Practices in Procurement for Women-owned Businesses 11/8/2017
Module 8 – Advanced Forecasting and Financial Analysis 11/15/2017
Module 9 – Finding the Money and Pitch Prep 11/29/2017
Business Plans and Forecasting Models Due 12/6/2017
Semi-Finalists Pitch Presentations 12/11/17-12/13/17

SIGN UP

Applications and supporting documents must be submitted by 5PM on September 6, 2017. To apply, please click here. Please note that a current income statement and balance sheet are required for the application. Applications without these documents will not be considered.

QUESTIONS?

Call the Urban League Women’s Business Resource Center at 504-620-9647