Planet Hatch Launches Startup Management Accelerator
FREDERICTON — Planet Hatch is launching a new program that will help local startups transition into fully established businesses.
The Fredericton-based entrepreneurship centre has launched its new Startup Management Accelerator.
The Startup Management Accelerator will help entrepreneurs as they transition from the startup phase to established and growing businesses. Selected participants will form a cohort and receive comprehensive training and tailored business counselling over nine weeks on topics such as: Hiring and human resources; cash flow management; risk management and strategic alignment, KPIs and metrics. Program participants are also eligible to access up to $25,000 in low-interest loan funding through the Impact Atlantic Fund.
Entrepreneurs will graduate from the program with a forward-looking business strategy and the essential skills and knowledge to transition their startup into an established and growing business.
“As a startup grows, new and complex challenges arise that can be an impediment to their long term sustainability,” said Adam Peabody, director at Planet Hatch, in a news release. “Making key hires beyond the founding team, managing cash flow versus investment and funding, complying with tax and other regulations. These are all issues entrepreneurs face later in the startup life-cycle, and that’s what this program will address directly.”
Target participants for the program have seen year-over-year revenue growth, have a defined ownership structure, and are planning for significant growth over the coming years. Planet Hatch will be accepting applications from eligible companies to the program until October 14.