WATERVILLE — With a focus on financial knowledge and expertise, Dirigo Labs announces a final call for applications for its third cohort of companies. The accelerator, housed at the Hathaway Creative Center in downtown Waterville, continued to enable startups across the state to secure funding, create jobs and encourage business expansion and retention. businesses.
Spanning 16 weeks, the accelerator program will focus on revenue projections, capital strategy, customer acquisition and scaling tactics. Dirigo Labs uses its network of local and national mentors to connect participating entrepreneurs with a board of tailored advisors to help them execute their project plans. The accelerator continued to support entrepreneurs and startups in a range of industries, including biotechnology, health technology, manufacturing, clean technology and medical devices, according to a press release from the regional accelerator of startups.
“We look forward to selecting our third cohort of startups, underscoring our commitment to fostering entrepreneurship and business development,” says Susan Ruhlin, Managing Director of Dirigo Labs. “Dirigo Labs is dedicated to empowering these innovative entrepreneurs, providing them with the tools and support needed to secure financing, create jobs, and contribute to business growth and retention in our communities.
Startup teams are selected based on stage of development, founder experience, and potential for scalability. Founders will also attend weekly seminars while following a personalized program to execute their project plans. Seminar topics will cover a wide range of topics, including how to use public-private sector subsidies and economic incentives, customer acquisition strategies, investment planning and intellectual property valuation.
“In today’s competitive business landscape, financial literacy is an indispensable asset for founders seeking grants or technical assistance; Our extended 16-week accelerator program places a strong emphasis on equipping entrepreneurs with essential skills in pitch preparation, revenue projection, budgeting and business model refinement,” said Emalee Coutures, head of the Dirigo Labs program. “At Dirigo Labs, we recognize the critical role financial knowledge plays in the success of startups across various industries, and we are here to ensure our founders are well-prepared to get the support they need to thrive. »
The cohort will hold its first sessions in February. Startups interested in learning more about Dirigo Labs and applying can visit dirigolabs.org.