Startup425 has partnered with Bellevue College’s Tombolo Institute to offer Startup425 Innovation Lab, an intensive, seven-week program designed to help existing Eastside businesses that have advanced beyond the pre-revenue stage (with pre-COVID-19 average gross yearly revenues of $300K or more) to acquire new knowledge and adapt to the changed economic environment created by the COVID-19 pandemic.
It consists of seven weekly modules delivered online, required homework, and peer to peer interaction. The program has a customized approach that is designed to meet the unique needs of the cohort of participating businesses by conducting a comprehensive assessment of and addressing the pain points that each is experiencing. The course instructor, Professor Leslie Lum, has over twenty years of experience at Bellevue College and is a published author of Multicultural Marketing and Business Consulting, one of whose co-authors includes UW Foster School’s Michael Verchot. She will be assisted by a group of local expert business advisors and mentors who will be available to provide their insights and expertise and connections to the Eastside business ecosystem.
The topics covered are:
- Becoming an Entrepreneur
- Customer Journey
- Product, Promotion, Channel, and Price
- Legal, Source of Capital, Strategy & Metrics
- Value Analysis
- Accounting & Finance
- Recruiting & Retaining Teams, Leadership
Click here to view an informational video about the program.
Dates and Application Procedure
This exciting new program will begin on October 1, 2020 and run through November 12, 2020. Startup425 is pleased to underwrite the full cost of the program; there will be no tuition or fees charged to participating businesses. Space is limited and admission is selective. The application deadline is is September 9, 2020. Click here to visit the Tombolo Institute webpage for instructions on how to apply to the program.