Accelerate Okanagan — Venture Acceleration Program

Eligibility for the Venture Acceleration Program is determined by the readiness and commitment of the entrepreneur and their business status.

• Applicants should be committed entrepreneurs ready to take their business to market.
• The program requires participants who are open to mentorship and training.

Who is eligible?

Eligible expenses

The program involves a detailed framework encouraging entrepreneurs to set achievable goals, validate their business ideas, and prepare for a successful launch. Participants will develop vital skills through a series of structured activities that emphasize market understanding, team building, and effective pitching.

• Build and implement a goal-setting framework aligned with operational plans and vision.
• Transform business hypotheses into customer-validated facts through customer discovery plans.
• Analyze customer discovery outcomes and refine market positioning.
• Conduct market segmentation and competitive analysis to define an MVP.
• Develop a financial feasibility model and assess team capabilities.
• Create a release strategy and prepare for market launch.
• Enhance business pitching skills for effective presentations.

The evaluation and selection criteria for the Venture Acceleration Program (VAP) are not explicitly stated in the provided context. Specific criteria and assigned point scores were not detailed in the available information.

Here are additional relevant details for the Venture Acceleration Program:

• The program is facilitated virtually due to ongoing COVID-19 restrictions, ensuring accessibility regardless of location.
• Participants will engage in a cohort model, fostering lifelong relationships and collaborative learning with peers.
• Each month of the program focuses on specific themes, including goal setting, customer discovery, market analysis, team development, launch preparation, and pitching skills.
• Personalized, one-on-one mentorship is provided alongside group activities for comprehensive support.
• Entrepreneurs will have access to a network of mentors and potentially beneficial contacts within the Innovate BC and Accelerate Okanagan ecosystems.