City Money to Help Start Business Accelerator Program

4 years 5 months 1 week ago Sunday, June 30 2013 Jun 30, 2013 Sunday, June 30, 2013 5:10:00 PM CDT June 30, 2013 in News
By: Andrea Park
loading

COLUMBIA - Entrepreneurs in Columbia will soon have the chance to work with a program being developed by Regional Economic Development Inc. (REDI) to help business startups.

The Columbia City Council allocated $150,000 earlier this month to REDI, with an original goal of providing loans for new small businesses. REDI has changed the focus to provide more than loans through a partnership with the University of Missouri Small Business and Technology Development Center.

President of REDI Mike Brooks said the idea is to implement a business accelerator program that would provide funding and training for startups during a summer program launched next year.

"It's a very focused effort in a short period of time," said Brooks. "To help early-stage companies understand their business model, their financial model and the market for their product."

Brooks also said the program is a combination of counseling, consulting, mentoring and a high dose of effort to build businesses to a place where they have greater opportunities for success.

"We're focused on entrepreneurship as a significant way to drive job facilitation in our community. The idea we can grow our own companies, as opposed to recruiting companies in the community, is a very viable and important strategy for job growth," said Brooks.

New entrepreneurs would apply, and a few companies with products or services with the potential to bring money into the community would be selected each year to participate. Companies working out of the downtown business incubator and those participating in REDI's #BOOM Bounce competition would also be candidates.

The director of the Small Business and Technology Development Center, Virginia Wilson, also works with REDI as a resource to help small businesses.

"Through one-on-one counseling, training seminars and workshops, we assist with business plans, financial projections, startup costs and things like that," said Wilson.

Sean Siebert, founder and CEO of Invest Yourself, said he is proud of the amount of accomplishments and success his clients have had through REDI.

"I have been the chairman of the task force for the #BOOM event and the BOOM pitch competition. The Boom event in January reached over 600 people via online and was one of the largest entrepreneurial events in Missouri. We also did the BOOM pitch competition in April where we put together the largest entrepreneurial event for higher education in the state of Missouri. It has created a culture of entrepreneurs--which is really the goal of REDI--to be the young entrepreneurial capital of the United States," said Siebert.

Columbia was recently ranked as second in the nation for small communities as CEO's under the age of 30 from CEO Magazine.

Matt Fisher is the president and founder of SportsFormulator.com, an online website that measures player and team performance and predicts sporting event outcomes. Fisher currently works with REDI and rebuilding his online website.

"REDI has helped me along the way. They don't have any problems with my asking questions and they have helped me map out my strategies of what I plan on doing," said Fisher.

Fisher started his business in December 2012 and has had about 42,000 online visitors and reaches over 150 countries.

More News

Grid
List
RENICK – The Beamer family was on the porch of their Randolph County home at the beginning of the storm... More >>
2 minutes ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 5:21:35 PM CST December 11, 2017 in News
ORONOGO (AP) — Homeowners living near a gun range in southwest Missouri are concerned about stray bullets that have been... More >>
1 hour ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:32:30 PM CST December 11, 2017 in News
COLUMBIA - When someone goes to the doctor for a checkup, they might expect the regular look at their eyes,... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:15:00 PM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri's attorney general is weighing whether to appoint a special investigator to check into use of... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:45:00 PM CST December 11, 2017 in News
COLUMBIA - One MU Nursing School program has reduced the number of nursing home patients from hospitalization by nearly 50... More >>
3 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:24:00 PM CST December 11, 2017 in News
COLUMBIA- The Missouri Attorney General's office is forming an advisory board to develop the first statewide program in Missouri that... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 12:22:00 PM CST December 11, 2017 in News
COLUMBIA - The city plans to begin repairing base failures in the Thornbrook Subdivision beginning Dec. 11 at 8 a.m.... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:34:00 AM CST December 11, 2017 in News
JEFFERSON CITY - A Missouri state representative has filed more legislation which would redefine "marriage" as a "contract of domestic... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:22:00 AM CST December 11, 2017 in News
COLUMBIA – Monday is the final day to donate to Columbia Parks and Recreation’s Almeta Crayton Memorial Toy Drive. ... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:58:00 AM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens says he wants his five new appointees to the state veterans... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:50:00 AM CST December 11, 2017 in News
COLUMBIA - UPDATE: 1:44 P.M. A police officer confirmed white paint footprints are related to Monday's investigation. The police officer... More >>
9 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:34:00 AM CST December 11, 2017 in Top Stories
COLUMBIA - Nearly four years ago to the day, local business owner Linda Bonebrake was diagnosed with severe sepsis at... More >>
22 hours ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 6:47:00 PM CST December 10, 2017 in Continuous News
JEFFERSON CITY - Bird lovers got an up close look at birds typically seen in their backyards Sunday. It... More >>
23 hours ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 5:36:00 PM CST December 10, 2017 in News
COLUMBIA - Museums around Columbia hosted docent led tours Sunday, spreading awareness about their exhibits and art collections. Docents are... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:59:00 PM CST December 10, 2017 in Continuous News
COLUMBIA - 2017 will mark the 140th Christmas the historic Maplewood House has seen from its home in south Columbia.... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:54:00 PM CST December 10, 2017 in News
COLUMBIA - MU Police Department, MU Greek Life, local businesses and residents made Operation Steal Back Christmas a huge success.... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:31:00 PM CST December 10, 2017 in News
SPRINGFIELD, Mo. (AP) — After more than 20 years of providing resources and activities for home schooling, a southwest Missouri... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 11:38:00 AM CST December 10, 2017 in News
COLUMBIA, Mo. (AP) — Jordan Geist, a role player known most for his scrappy style, scored 28 points Saturday night... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 9:39:00 AM CST December 10, 2017 in News
Columbia, MO
Broken Clouds 50°
6pm 46°
7pm 45°
8pm 43°
9pm 41°

Select a station to view its upcoming schedule:

Coming Up Next

5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
6:00p
KOMU 8 News @ 6
5:00p
American Dad!
5:30p
American Dad!
6:00p
Family Guy

Tonight's Schedule

7:00p
The Voice
9:01p
Better Late Than Never
7:00p
Penn & Teller: Fool Us
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld