The Virginia Department of Small Business and Supplier Diversity, in partnership with Interise.org, is now accepting applications for the Scaling4Growth Program, which is also known as the “StreetWise MBA”. This program is designed to help small business owners transition from entrepreneurs to CEOs by increasing their revenue and creating jobs. The program will take place virtually and is open to qualified applicants across the state. The commitment includes an accelerated session every other Thursday from 10am-1pm, with an additional 3-5 hours of homework per week. To be eligible, businesses must be based in Virginia, have been in operation for at least three years, generate between $250,000 and $10,000,000 in revenue, have one other full-time employee, be majority-owned by the participant, and be certified as a Small, Woman-owned, or Minority-owned (SWaM) business by the Virginia Department of Small Business and Supplier Diversity.
Scaling4Growth Program Overview
Program Details
NEW VIRGINIA: SCALING4GROWTH – Now Accepting Applications!
Cohort 9 – January, 2021 – July, 2021 STATEWIDE RECRUITMENT
CLASSES WILL BE VIRTUAL AND OPEN TO QUALIFIED APPLICANTS ACROSS THE COMMONWEALTH
Small Business Owners, would you like to go from Entrepreneur to CEO? Increase your revenue and create jobs?
The Virginia Department of Small Business and Supplier Diversity is now accepting online applications for NEW VIRGINIA: SCALING4GROWTH. This “StreetWise MBA” program is in partnership with Interise.org (Boston, MA).
Program Requirements
This is an accelerated session meeting every other Thursday from 10am – 1:00pm. Average time spent on homework is approximately 3-5 hours per week. Although classes are every other Thursday, we urge you to block off every Thursday in case of weather or other meetings. This opportunity open to Virginia-based businesses only and those who meet the minimum requirements. Applications will be screened and interviews will be conducted for final selections. The class is limited to 16 participants.
Eligibility Criteria
NEW VIRGINIA: Scaling4Growth is Virginia’s brand of the Interise StreetWise MBA program. For further data on the success from this program, visit www.Interise.org This program is designed for business owners to learn how to scale their business by assessing their business model and becoming more efficient in areas of human resource, finance, social media, procurement and bank speak.
Application Process
For consideration, small business owners MUST meet the minimum requirements:
- Must be a Virginia-based business
- In business at least three (3) years
- Revenue Between $250,000 and $10,000,000
- One other full-time person working in the company besides the majority owner and able to run the company while the owner is away
- The majority owner is the participant (51% ownership or more); substitutes may NOT participate
- Certified as a SWaM (Small, Woman-owned, or Minority-owned) by the Virginia Department of Small Business and Supplier Diversity
- Willingness to complete all assignments on time
If your business is not yet SWaM certified, please apply for SWaM Certification now and consider applying for NewVirginia: Scaling4Growth’s next cohort, Cohort 10
APPLY NOW: https://scaling4growth.interise.org/ NOTE: After opening this link, do NOT click “yes” that you want additional information. Go directly to the FULL application for consideration for an interview.
Questions or need more info: Email Ramain.Gohar@sbsd.virginia.gov
Information Session
Information Session via Webinar
Tuesday, October 13th 10:30am – 11:30am
Tuesday, October 19th 2:00pm – 3:30pm
Presented by Ms. Rita Ricks, Interise Instructor
Via Google Meet
Click on the link below to register to attend … registered participants will receive a link via email to join the information session prior to the event.
CLICK HERE TO REGISTER FOR October 13th
CLICK HERE TO REGISTER FOR October 19th
Question & Answer
What is the Scaling4Growth Program?
The Scaling4Growth Program, also known as the “StreetWise MBA”, is designed to help small business owners transition from entrepreneurs to CEOs by increasing their revenue and creating jobs.
What are the eligibility criteria for the Scaling4Growth Program?
To be eligible for the Scaling4Growth Program, businesses must be based in Virginia, have been in operation for at least three years, generate between $250,000 and $10,000,000 in revenue, have one other full-time employee, be majority-owned by the participant, and be certified as a Small, Woman-owned, or Minority-owned (SWaM) business by the Virginia Department of Small Business and Supplier Diversity.
What is the commitment required for the Scaling4Growth Program?
The commitment includes an accelerated session every other Thursday from 10am-1pm, with an additional 3-5 hours of homework per week.
How can I apply for the Scaling4Growth Program?
To apply for the Scaling4Growth Program, visit the official website at https://scaling4growth.interise.org/ and complete the full application for consideration for an interview.
