Five Sioux Falls-area businesses will take a significant step forward in their growth by completing this year’s accelerator program through the Zeal Center for Entrepreneurship.
The 2018 participants are Contjac, Feed the Stripe, SolarHeart, Up Tempo Music Lessons and WrapAbility. They were chosen from a field of 15 applicants by a selection committee.
“We were thrilled with the number and quality of applicants for this year’s accelerator,” said Michelle Gjerde, Zeal’s executive director. “The program ahead is an intensive one, and we look forward to helping these participants ramp up growth and tackle scale-up hurdles.”
The 12-week program, which began June 15, brings resources and the opportunity for significant investment to the participants. Start-ups selected for the accelerator receive unlimited access to Zeal’s 24/7 coworking and meeting room space; full-day working-group sessions featuring guest experts; business coaching from Zeal’s entrepreneurs-in-residence and mentors; assistance with formalizing a strategic plan, needs assessment and business plan stress test; access to potential financing partners; and the opportunity for cash infusion through Zeal’s accelerator capital investment fund.
The accelerator program has three local professional partners that power the opportunity and provide the capital investment funds: Eide Bailly LLP, The First National Bank in Sioux Falls and Woods Fuller Shultz & Smith P.C.