This program is based on Steve Blank’s Customer Development Model and Eric Ries’ Lean Startup framework. The Venture Growth Model defines the growth process for a startup in four stages:
Make sure your product has a real market need and develop an early stage strategy to enter the market
Identify and take advantage of your best market opportunities. Develop a clear value proposition and bring early adopters on board
Refine your business model and build a repeatable sales process that is profitable. This leads to dominating your company’s first market segment.
Now it’s time to grow and scale the business which leads to dominating multiple market segments.
Entrepreneurs that participate in the Venture Acceleration program receive highly subsidized executive-level consulting from industry experts. They are also given access to a wide variety of perks through the VAP.
As a VAP participant you will have access to various workshops, seminars, and education programs designed to give you the knowledge base and information you need to succeed. Some of the topics include business planning, marketing, legal, financial, human resources, sales, technology and operations, as well as accessing capital.
The VAP provides clients with the critical connections, supportive network and collaboration opportunities they need to succeed. Connections include access to potential investors, partners, sales opportunities and employees on a provincial, national and international level.
VAP companies receive $1,000/month in hosting credit for 12 months (toward both Dedicated Servers and/or Cloud), as well as expert help and advice from SoftLayer’s Innovation Team.
Our regular business clinics are run by our professional Partners who provide one on one guidance in the areas of Finance, Legal and HR. These appointments are available in 45 minute blocks and provide VAP participants with experienced, successful business professionals who work hands-on with entrepreneurs to share advice, solve problems, and assist in identifying and overcoming hurdles to growth.
Quickbooks is the #1 rated small business accounting software, designed to save you time so you can focus on running your business. VAP companies receive QuickBooks Online for one year at a special rate of $29.95/month.
Accelerate Okanagan provides access to a library of free books and curated content that will help you push your company to the next level.
Program clients have access to fully equipped meeting rooms, high-speed internet, drop-in desk space and a mailing address. Our lounge offers free Big Surf beer and coffee for your enjoyment as you network or wind down at the end of the day ‘with other technology professionals. We also offer subsidized office space and coworking spaces at an additional monthly rental fee – check it out.