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The most recent spherical of funding from Verizon’s Small Enterprise Digital Prepared grant program is coming to an in depth.
Totaling $1 million on this spherical alone, the $10,000 grant program is among the hottest options of Verizon Small Enterprise Digital Prepared. However the grants are just one good thing about a program designed particularly to assist small companies by offering digital expertise coaching, from programs, to stay teaching periods, to personalised studying plans.
This system is free to hitch. However the final day to use for the grants on this spherical is Dec. 20.
To be eligible to use for a Verizon Small Enterprise Digital Prepared Grant, companies will need to have an account on Verizon Small Enterprise Digital Prepared and fulfill different necessities similar to finishing any mixture of two programs, teaching occasions, or digital group occasions on the platform.
Register right here to get began.
To study extra about this system, go right here or learn the beneath interview with Brianna Ellison, director of group engagement for Verizon. Ellison elaborates on the work Verizon is doing to assist entrepreneurs and on the advantages of the Small Enterprise Digital Prepared program, together with:
Entry to free digital expertise coaching and assets
Monetary help to assist digital transformation initiatives
Alternatives to community with different small enterprise homeowners and specialists
Entry to assist from Verizon and its companions
As Ellison explains, Verizon is actively partnering with Michigan small companies to assist them succeed within the digital economic system, together with:
Verizon has partnered with Grand Valley State College’s Veterans Entrepreneurship Lab to supply grants and assist to veteran entrepreneurs.
Verizon has partnered with the Metro Detroit Black Enterprise Alliance’s Capital Join Program to assist Black-owned companies entry funding and assets.
Beneath is the complete Q&A with Ellison, which StartupNation carried out in September 2022.
What work is Verizon doing within the Detroit/Michigan group to assist small companies?
Verizon has actively partnered with Michigan small companies. We’re members of quite a few chambers of commerce and associations from throughout the state that work with small companies (such because the Detroit Regional Chamber, Grand Rapids Chamber, Dearborn Chamber, The Proper Place, MI Chamber, Automation Alley, Metro Detroit Black Enterprise Alliance, MI Enterprise Incubator Assoc.). Verizon participates in a lot of thought management occasions with these organizations to share experience and assets with their membership.
In 2021, we prolonged a grant to Grand Valley State College’s Veterans Entrepreneurship Lab. Veterans and/or navy spouses work on their enterprise launch over a three-month interval. MVE-Lab equips contributors to establish their goal clients, community with others, and discover the assets they should launch profitably and efficiently. It concludes with a Pitch Showcase awarding a minimum of $25,000 in prize cash. Friends embody different veteran entrepreneurs, mentors, and specialists like attorneys and advertising specialists, together with the chief of Verizon’s veteran worker useful resource group who shared details about Verizon assist for small enterprise homeowners alongside together with his personal private expertise as an entrepreneur.
In 2021, we additionally established a partnership between Verizon’s Professional Bono Program and the Metro Detroit Black Enterprise Alliance’s Capital Join Program. This program is making ready and connecting Metro Detroit Black-owned companies to varied funding assets to make sure their sustained success. If any of those companies want additional authorized help or one-on-one assist, the Verizon Professional Bono Program workforce has agreed to work immediately with these companies to establish extra authorized companies.
Lastly, in September, Verizon launched Small Enterprise Digital Prepared. This on-line curriculum is designed to provide small companies the personalised instruments to reach at present’s digital world. This system consists of studying modules, skilled teaching, peer networking and a market of instruments and options. The free on-line useful resource is out there to any small enterprise throughout Michigan (and nationwide) and will likely be utilized by Verizon companions such because the Black Enterprise Alliance’s Capital Join Program.
What do you imply by “Digital Prepared” and why is digital readiness essential for small enterprise homeowners at present?
Digital readiness is about ensuring companies have all of the instruments and assets they should thrive in at present’s economic system. The COVID-19 pandemic has imposed unexpected challenges on entrepreneurs and additional accelerated a shift to digital methods of working. Greater than 75% of small companies pivoted their operations because of the disaster and greater than 50% of SMBs say their on-line interactions with clients have elevated. To remain aggressive within the new financial atmosphere, small companies have to be agile and adapt to shifting client preferences.
Small enterprise entrepreneurs perceive the significance of using digital instruments of their day-to-day operations, however discover it difficult to implement significant digital transformation. Based on information revealed from Morning Seek the advice of and Verizon of their September 2020 report, “greater than two in 5 determination makers say it’s probably that their enterprise will broaden by means of digital applied sciences and rely extra closely on communications.” On the identical time, greater than two-thirds of respondents acknowledged that including or transitioning to digital/on-line operations has been difficult for his or her enterprise to deal with. How can we bridge this hole? Entrepreneurs want quick access—wherever they’re—to personalised studying and training assets in an effort to efficiently implement digital methods into their companies and have the boldness to reach the post-pandemic future.
Why is the Verizon Small Enterprise Digital Prepared program a very good useful resource for enterprise homeowners in metro Detroit and Michigan?
Dwelling to varied analysis organizations and anchor establishments, together with a vibrant and multicultural entrepreneurial ecosystem, Detroit’s wealthy roots embody the hardworking and progressive ethos of its numerous small enterprise homeowners. Detroit has roughly 50k small companies owned by entrepreneurs of shade and the town is dedicated to making sure residents are gaining equal entry to instructional and financial alternatives of the rising high-growth economic system. Based on a 2021 Detroit Ecosystem Evaluation, Detroit has 23% of all startup firms in Michigan and has all the mandatory assets to launch and develop companies which might be digital prepared. As Verizon seeks to attach BIPOC enterprise homeowners throughout the nation with this priceless useful resource and create extra equitable pathways for entrepreneurs to thrive within the digital economic system, we view the small enterprise homeowners within the higher metro Detroit space—and Michigan—as a important consumer base within the effort.
Verizon’s Small Enterprise Digital Prepared program was constructed by (largely BIPOC) small companies for small companies. Jamiel Robinson, the manager director of Michigan-based enterprise improvement group, Grand Rapids Space Black Companies (GRABB), was a outstanding voice within the Small Enterprise Advisory Committee that helped form this system and its choices. Numerous material specialists drive our content material, interactive video modules, and training occasions. Briefly, entrepreneurs in metro Detroit will likely be outfitted with digital methods and related learnings—by means of curated curriculum subjects, teaching occasions, and group teams—to use to their companies!
What steering are the small enterprise homeowners you’re employed with searching for?
We all know typically that small enterprise homeowners are taken with studying extra about financing, digital advertising, and operational effectivity. Our customers have informed us they’ve obtained super worth from the academic assets and in connecting immediately with specialists–by means of each one-on-one mentoring and group teaching occasions. Fifty-eight % of customers on the platform are taken with connecting with a finance skilled and 64% of customers on the platform are taken with connecting with a advertising skilled. The preferred subject areas are accessing capital, digital advertising, and enhancing on-line presence. Enterprise homeowners would additionally desire to be part of a group the place they’ll study from each other, as 52% of customers wish to join with friends with related pursuits.
How can Verizon assist with group networking on a private stage, not a digital one?
Verizon Small Enterprise Digital Prepared is constructed to be a priceless software to the BDOs, Small Enterprise Improvement Facilities, CDFIs and different organizations which might be on the bottom serving to small companies every single day. We’re partnering intently with a majority of these organizations and dealing with them to combine our assets into their choices. Small Enterprise Digital Prepared’s group part additionally lets companies join with different companies and assets by metropolis in order that they’ll connect with assist of their native space!
On the onset of the COVID-19 pandemic, Verizon started the grassroots work of internet hosting digital group dialogues centered on small companies in communities from throughout the state. The aim of those dialogues is to listen to in regards to the nice work small enterprise homeowners and small enterprise improvement organizations are at present engaged in, the present and ongoing challenges small enterprise homeowners are going through, and to debate how Verizon will be supportive shifting ahead. Attendees have included small enterprise homeowners, small enterprise assist organizations and chambers of commerce.
Now greater than ever, we at Verizon will proceed to construct on the extremely priceless relationships with the communities we serve. These dialogues are solely the start of what we hope will likely be long-term partnerships the place we will proceed the dialog and discover future alternatives to be supportive.
What expertise do you convey to the group as a liaison between Verizon and small enterprise homeowners?
As a neighborhood liaison between Verizon and small enterprise homeowners, I work to construct bridges of reference to my friends, inner enterprise companions and exterior stakeholders to champion insurance policies that enrich lives and allow a digital future that serves all Michigan communities. I’m able to leverage relationships inside Verizon and with enterprise assist group companions to type coalitions to deal with the challenges small companies face, amplify successes and greatest practices, and disseminate details about Verizon instruments and assets. Reflexively, I meet with companies to take heed to their wants and drive the best way wherein we deposit goodwill in our native communities and innovate to construct the networks that transfer the world ahead for everybody.
Q&A initially revealed in September 2022.
Verizon Small Enterprise Digital Prepared: A free useful resource for studying primary enterprise expertise, grants, the most recent digital know-how and extra.
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