Harlem Business Alliance Presentation

Post on 14-Jan-2015

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Harlem Business Alliance Presentation

Transcript of Harlem Business Alliance Presentation

Who am I?

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Brian L. Shields

Co-Founder@IncubateNYC (www.incubatenyc.org)

I secretly love that chicken from Popeye’s

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…

First, I Turned to “Accelerators”

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3%

2%

1%

Acceptance Rate

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

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?

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

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