The County of Monroe has launched its 26th class of The Entrepreneurs Network (TEN), an initiative to bolster economic growth locally.
TEN is an initiative powered by Imagine Monroe that supports scalable businesses in Upstate New York. TEN boot camps are designed specifically for startups and small businesses, and local entrepreneurs have until Friday to apply for the latest TEN class.
“Now more than ever, Monroe County is home to a spirit of innovation and entrepreneurship that is transforming our economy and growing more jobs across our community,” Monroe County Executive Cheryl Dinolfo said in a news release. “The Entrepreneurs Network and its over 400 alumni are key to our region’s continued success, developing exciting business ventures that are offering new products and services, creating more local jobs and enhancing our quality of life.”
Ten companies will be accepted in this year’s class, which will meet for nine full-day sessions beginning March 28. Candidates for TEN must be founders, owners or CEOS of scalable, high-revenue potential companies, whose business is fewer than 10 years old. Established companies involved in ownership transition and spinoffs from university research departments also are eligible.
TEN’s instructors and business coaches are active investors and business owners, officials noted. They also support members outside of boot camps to provide access to technical expertise and funding sources.
“Leading a startup is different than running a corporate division,” said Michael Pavia, CEO and President of Sydor Technologies. “While I had experience as a global product executive, I wanted to tap the expertise of business owners that were negotiating contracts and securing money without the status of a Fortune 500 company.”
Topics discussed include assessing markets and pricing strategies, engineering a sales process, building financial models, investor presentations, negotiating with strategic partners, hiring employees and selecting vendors.
“TEN provided a sounding board for improving our business strategy,” said Health Care Originals cofounder Sharon Samjitsingh. “The feedback I received is invaluable, helping us to make good decisions on investors and strategic partners.”