Got a new business in Clark County that could use business financing but don’t know how to get it? StartUpNV’s new business incubator program can help.
A Las Vegas nonprofit received $600,000 last week from Clark County to start and run Incubate Vegas, a free 10-week incubator program designed to provide educational and training opportunities for entrepreneurs. first time investment and start up.
The incubator will focus on “businesses that can scale,” or those that can start quickly, said Jeff Saling, founder and CEO of StartUpNV.
Clark County Economic Development Director Shani Coleman said the $600,000 grant is part of the $400 million America’s Savings Plan the county received.
He said the incubator will also focus on connecting with vulnerable communities, such as women and people of color, when it comes to doing business.
“I think it’s no secret that the tech industry has a high percentage of people who all look the same,” Coleman said. “We want to make sure that everyone has the greatest opportunity to do business and work or start a business that technology can bring.”
In 2021, the latest Pew Research Center report found that whites made up 67 percent of STEM workers, Asians made up 13 percent, and blacks made up 9 percent of STEM workers while Hispanics were at 8 percent.
Coleman said Clark County would like to see about half of the program’s participants be women or people of color, but the main goal is to help entrepreneurs take the next step in growing their businesses.
“(Incubate Vegas will help people identify … their niche, or where there’s an opportunity, and help them move that idea to another creative process, and give them the training and tools and advice to do that ,” said.
Although the focus is on supporting different entrepreneurs, registration is open to anyone who wants to start their business, according to Saling. He said the only requirement is that the entrepreneur or business be based in Clark County.
Incubate Vegas will have a 40-week session beginning in spring 2023 with the final event taking place in fall 2024, according to Saling. In total, StartUpNV expects about 100 entrepreneurs to attend the event.
He said that the producers are struggling when they enter into other aspects of starting a business and hope that the program will make them feel comfortable in doing these tasks. unknown and to attract funds from investors and VC groups.
“A lot of times founders will be experts in whatever they do,” Saling said. But they don’t know other things like, ‘How can I start this business? Should it be an LLC? Is it going to be a C Corp?'”
Registration is now open online for Incubate Vegas at lp.startupnv.org/incubate-vegas-1.