Clark County plans business accelerator

Several business leaders in southwest Washington state are working to develop what they are calling a business “accelerator” to help give emerging startup companies the support services they need, according to the Columbian.

According to the paper, the project would give attorneys, accountants and other established companies free or low-cost office space. In return for the space, they would provide startup companies with guidance at least eight hours a week.

To use those services, startups will give the incubator a small portion – 1 to 2 percent – of their equity, the paper reports. The incubator would then redeem that investment if the company is able to thrive, or even go public.

“Then the cost to the community is very low, and the benefit is very high,” Kathy Sego, a member of the Columbia River Economic Development Council’s advisory board, told the paper.

Most startups could use the additional help. In a recent interview with Bloomberg, veteran business consultant Irina Patterson said that 95 percent of small business owners that look for outside investment aren’t ready to pitch to potential investors, and need more time to develop their business plans.ADNFCR-3052-ID-19857537-ADNFCR

Melissa Clark
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Melissa Clark

Head of Content & Customer Marketing at Incfile
Melissa sets the vision for Incfile's content marketing and customer relationship management. Melissa has more than 10 years experience in various marketing roles, and a passion for supporting small businesses as they incorporate and grow. She loves sharing information that will help business owners maximize their LLCs, Corporations and Nonprofits. In her spare time, Melissa is an active member of The Junior League and enjoys running half marathons.
Melissa Clark
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