SEED SPOT is proud to announce a new partnership with Washington Area Community Investment Fund (Wacif), a Washington D.C. Community Development Financial Institution (CDFI), to launch an exciting new business training program in September 2024 for creative entrepreneurs who have turned their talents into a revenue-generating retail business in the DMV (DC, Maryland, Virginia area). Keep reading for three ways to get involved!
The Ascend Retail Business Accelerator for Fall 2024 supports creative retail brands and businesses such as independent clothing brands (urban/streetwear), small-scale manufacturers, and artists selling original pieces and creative products, through a holistic, 6-week program facilitated by SEED SPOT, a globally ranked accelerator for diverse, impactful entrepreneurs. Upon completion of the business training program, participants will be eligible to apply for grants through SEED SPOT’s Demo Day competition and receive support in applying for national small business certifications.
The hybrid in-person/virtual approach includes interactive online workshops, one-on-one consultations with business advisory support, access to business mentorship, and brand representation and sales opportunities at Wacif community events in the historic Anacostia neighborhood in Southeast Washington, D.C. A preference is given to ventures from or working in Wards 7 and 8 in business for at least three years and generating a minimum of $25,000 in annual sales. Access the application to the Ascend Retail Business Accelerator.
Key Features of the Business Training Program
The Wacif’s Ascend Retail Business Accelerator is grounded in the principles of “lean startup” methodology, emphasizing action and adaptability. Participants will dedicate 7-10 hours per week to the business training program, engaging in workshops, assignments, and mentor meetings designed to enhance their business operations and increase their impact:
- Business Foundations: Entrepreneurs will develop a flexible, intuitive business model that aligns with their goals and market opportunities.
- Brand Strategy & Positioning: Participants will receive expert guidance on creating a consistent and compelling brand presence, with a focus on e-commerce and digital branding.
- Unlocking Additional Revenue Streams: The program will help businesses discover new sales channels, manufacturing solutions, and partnerships to drive growth.
- Retail Expert Guidance: Entrepreneurs will learn from established brands and industry leaders about navigating the complex retail landscape.
- Financial Management: Practical advice on financial planning and raising non-predatory capital will be provided to ensure the long-term sustainability of their ventures.
- Customer Engagement: Opportunities to participate in pop-ups and community events will allow businesses to connect directly with potential customers and partners.
Get Involved!
We are excited to see how this business training program will empower a new generation of creative entrepreneurs to scale their businesses and deepen their impact in the DMV community. For those interested in learning more about the Ascend Retail Business Accelerator or supporting our efforts, please reach out to our Director of Recruitment, Miranda Williamson.
Here are a few ways you can join in:
- Apply by September 13: If you are a creative entrepreneur with a business that meets our criteria, we encourage you to apply for the Ascend Retail Business Accelerator and take advantage of this transformative opportunity! Apply here to participate.
- Mentor: Share your expertise and experience by becoming a mentor for our participants. Your guidance could make a significant difference in helping these entrepreneurs navigate the challenges of growing their businesses. Apply here to mentor.
- Follow the Journey and Support These Ventures: Stay connected with this business training program by following the progress of our participants. Support these emerging ventures by attending community events, sharing their stories, and spreading the word about their businesses. Join our newsletter!
Together, we can create opportunities and build a more equitable future for all. Join SEED SPOT, Wacif, and the impact community in this exciting new chapter for small brands and businesses in the DMV!
