Growth-Minded Companies Invited to Apply for Scalerator NEO
Scalerator® NEO is an intensive six-month program for companies focused on rapidly increasing their growth rates that has worked for over 14 cohorts in the U.S. and around the world. After a successful inaugural class in Northeast Ohio, the program is now seeking applicants for its second cohort that will begin in April 2018.
Northeast Ohio companies with $5 million - $15 million in sales are invited to apply to be a part of a proven, classroom and peer-to-peer learning experience that will result in significant, profitable top-line growth. Applications will be reviewed on a rolling basis and up to 20 companies will be selected for the second cohort of the program by the spring of 2018.
Scalerator NEO is supported by a collaboration of Burton D. Morgan Foundation and Richard J. Fasenmyer Foundation, two foundations committed to supporting entrepreneurship and free enterprise in Northeast Ohio through targeted educational opportunities. The foundations cover the costs associated with this business education program, and it is free to the participating companies.
Company CEOs and their management teams attend seven Scalerator NEO workshops held at Baldwin Wallace University, as well as work in teams with other participants on specific business challenges. The carefully crafted curriculum is focused on what Daniel Isenberg calls the “primary colors” of growth: Cash, Capacity, and Customers. Isenberg, founding director of the Entrepreneurship Ecosystem Platform at Babson College and former professor at Harvard Business School, created the Scalerator which now has worked in numerous other markets in the U.S. and overseas.
The initial cohort was a pilot to see if the Scalerator curriculum would be helpful to growth-minded companies in Northeast Ohio. Most of the companies experienced new growth during the six-month Scalerator program. One company doubled its customer base; another developed a new product that quickly generated $350,000 in sales; and others added key staff to help them execute their specific growth plans.