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Rutgers University - Entrepreneurship Pioneers Initiative

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The Entrepreneurship Pioneers Initiative provides first generation entrepreneurs with intensive training, individual business and financial counseling, peer mentor ship, networking opportunities, and mentoring over a nine month period to help them have a profitable and sustainable business

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Rutgers University - Entrepreneurship Pioneers Initiative

  1. 1. Finalist, 2018 UEDA Awards of Excellence Innovation & Talent Jasmine Cordero-West, M.H.R.M. Marcela (Marce) A. Zuchovicki, ACT The Center for Urban Entrepreneurship & Economic Development (CUEED) Helping Urban Communities Thrive
  2. 2. Helping Communities To Thrive And Flourish
  3. 3. *First Generation Entrepreneurs Less Successful Than Those From A Family Of Entrepreneurs *10-12% of Small Businesses Close Each Year
  4. 4. Collaborative Solution • Partnership Rutgers Business School Center for Urban Entrepreneurship & Economic Development (CUEED), community organizations and for profit companies • Help entrepreneurs to grow and have sustainable and profitable businesses
  5. 5. Entrepreneurship Pioneers Initiative (EPI)
  6. 6. The Center for Urban Entrepreneurship & Economic Development Innovative Techniques • EPI Business Diagnostic Tool and Growth Plan Template
  7. 7. The Center for Urban Entrepreneurship & Economic Development Innovative Techniques • Training courses focused on business growth
  8. 8. The Center for Urban Entrepreneurship & Economic Development Innovative Techniques • Individual business and financial counseling • Peer Empowerment Group
  9. 9. The Center for Urban Entrepreneurship & Economic Development Innovative Techniques • Creation of a growth plan • Additional networking • Opportunities to have Rutgers Business School students work on a project for their business • EPI Alumni Association
  10. 10. The Center for Urban Entrepreneurship & Economic Development Impact • Strategic plan to grow their business • Wealth creation • Create jobs in the economy • Sustainability • Increase revenue/profits • Thriving small business communities Move from working in the business to on the business
  11. 11. The Center for Urban Entrepreneurship & Economic Development Success • 87% Survival rate for all businesses • 74% Reported an increase in gross income • 66% Reported an increase in profit • 50% Reported an increase in the number of employees • 16% Business partnerships formed between EPI alumni
  12. 12. Impact: EPI2 Instructor Business Coach Bookkeeping CFO CEO Board Advisor/Treasurer EPI10 USA Economy
  13. 13. Scalable and Replicable • Created niche programs modeled after EPI – Retail and restaurants (URAP) – Arts, entertainment and media (Newark Business Hub) • License the program to other communities – Memphis Business Hub • Award winning – USASBE Special Recognition in Entrepreneurship Education Innovation Award – International Economic Development Council (IEDC) Excellence in Economic Development Gold Award
  14. 14. The Center for Urban Entrepreneurship & Economic Development EPI Program Sustainability • 10th Year of the program – Over 220 graduates • Continued sponsorship • Licensing program
  15. 15. The Center for Urban Entrepreneurship & Economic Development Thank you

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