harlem business alliance presentation
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Harlem Business Alliance PresentationTRANSCRIPT
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Who am I?
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Brian L. Shields
Co-Founder@IncubateNYC (www.incubatenyc.org)
I secretly love that chicken from Popeye’s
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A Short Story
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Once upon a time, I had an idea for a great product that could create a real business…
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First, I Turned to “Accelerators”
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3%
2%
1%
Acceptance Rate
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Then, I Looked Into “Incubators”
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Had to quit my job though I wasn’t ready
Was limited to people who could fit in space
Focused on later stage companies
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Finally I Looked at “Programs”
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<40% Graduation Rate
> $1,000 course fee
Business Plan Only
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Now What?
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IncubateNYC: Rethinking Incubation
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We decided to create our own incubation program!
• A New Venture Bootcamp teaches you how to build a business that can make money from Day 1
• Any first time entrepreneur can join
• Provides a space to work on your business until you are ready to quit your job
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Why does this Matter?
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If you have a problem and can’t find a great solution for it…CREATE IT
Innovation starts by solving personal problems