The Economic Uplift Capital Accelerator Program
Are you ready to UPLIFT your business?
Accelerate your business alongside other outstanding entrepreneurs just like you!
AGH Advisory Services and Virginia Beach SWaM Business Office are partnering to bring you the The Economic Uplift Capital Accelerator (EUCA)-Virginia Beach as it serves as an intensive 8-week program that provides an ecosystem of support to catalyze growth and strengthen business models for entrepreneurs, with a special focus on minority, women and service-disabled veteran entrepreneurs. EUCA's intentional knowledge, financial and social capital investments improve business strategy and operations, prepare entrepreneurs to access capital, create significant revenue growth and ultimately build community wealth.
The EUCA works to promote growth for businesses that serve emerging communities through enhanced access to capital, business networks, and supply chains to help fuel more equitable economic growth and wealth building in the region. This accelerator will enhance recent momentum among coalitions of economic development groups, entrepreneurship support organizations, major corporations, anchor institutions and philanthropic organizations that are making new commitments to support and scale minority, women and service-disabled veteran owned businesses.
Businesses are facing a myriad of challenges, from raising capital from investors and/or banks to external issues affecting operations all while working to scale and grow their businesses. We are excited to launch this next cohort for Virginia Beach and the surrounding communities. The EUCA will include up to ten (10) local small businesses owned by minority, women and service-disable veteran entrepreneurs from the Greater Virginia Beach region.
A few of the focus areas of The Economic Uplift Capital Accelerator-Virginia Beach include:
Social Capital (networking, mentoring, 1x1 consultations)
Knowledge Capital (classes that support topics such as marketing, financial analysis and wealth building through entrepreneurship)
Financial Capital (preparation for the possibility of equity and debt capital funding)
Eligible applicants must meet the following criteria:
Business must have been in operation for at least two years. Businesses in operation for less than two years will be considered on a case-by-case basis.
Businesses must be registered and in good standing to operate a business.
Must have at least $50,000 in annual revenue.