INSTITUTE OF INNOVATION AND ENTREPRENEURSHIP
About Ascend Long Island
Ascend Long Island improves management skills, increases access to money, and grows market connections in a tailored approach to accelerate business and job growth in cities across the U.S.
The Ascend Long Island Program is housed at the ideaHUb at Hofstra University. The program has an individualized focus on helping local minority-owned firms solve unique problems that they may encounter and produce measurable growth opportunities.
We are proud to be a contributing partner at Ascend UW Foster.
What Ascend Involves
There is no charge for admission to the program. However, applicants must demonstrate competence and promise through a competitive interview and selection process.
Qualifications
Businesses that will benefit most are MWBEs with revenues of $200,000-$3 million that are seeking to grow above $10 million over the next two years. Ascend Long Island focuses on businesses that target sales in B2B or B2G environments in:
- Construction and Construction-Related Services
- Professional Services
- Commodities, Suppliers and Distributors
- Green & Renewable Energy
- HealthCare Industry
- Food Services Industry
Participants should be located or do business on Long Island or the greater metropolitan area.
Teamwork
The goal of the Ascend Long Island cohort is to promote leadership teams rather than individual development. The candidate’s CEO plus up to 2 other senior people in their business are responsible for creating a growth plan and implementing action items to achieve that plan.
They must be prepared to attend the entire length of the program and complete each of the sessions. There is an expectation that businesses in the program will possess a robust entrepreneurial mindset which is recognizable and coachable. An individual interview is required.
Collaboration
Every business accepted to the program is connected to a “Hub” institution that delivers customized programming, coaching, mentoring, and business orientated curriculum in a collaborative environment. Our “Hub” is located at the ideaHUb located on the campus of Hofstra University.
The CEO and/or two other senior leaders from each business will attend regular program sessions. Businesses will work with coaches, mentors and subject matter experts and participate in in-person or remote programming involving faculty, business owners and government agencies. These sessions are designed to encourage collaboration and drive organizational improvement and leadership team growth.
Results
The senior leader is responsible for driving results to solve the self-identified problem. Entrepreneurial resources and a research-driven approach will provide support in building M3 solutions to accelerate growth in:
- Management: incubation and acceleration resources
- Market: networking, partnerships, and pipelines
- Money: early stage seed capital and flexible credit products
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