[ad_1]
Retail model Macy’s has introduced that purposes for its intensive vendor’s accelerator program, The Workshop at Macy’s, at the moment are open although November 30, 2023. This system, which takes place in Spring 2024, is designed to offer unbiased, various, or underrepresented manufacturers with the help wanted to efficiently improve market efficiency and develop viewers attain.
As detailed within the firm’s press launch, “The Workshop at Macy’s is the retail business’s longest working accelerator program, and since its founding in 2011, this system has grown to empower greater than 220 graduate manufacturers, present greater than 500 hours of instructional coaching and provide greater than $500k in enterprise grants.”
Program choices
This system, whose course choices span one month, affords members each in-person and digital alternatives to entry business assets, information, and instruments by mentorship by retail consultants from organizations like Google, Meta and Babson School. As detailed within the launch, “course choices embrace in-depth explorations on constructing model id, monetary administration, assortment planning, perfecting the pitch, accessing progress capital and extra,” and are centered on aiding small corporations in scaling their companies efficiently.
This yr’s program cohort won’t solely “acquire entry to Macy’s holistic provider ecosystem, vital schooling and funding assets,” the discharge continues, however will even be afforded the chance to function a digital pop-up store on Macy’s on-line retailer to draw new prospects and obtain a $5,000 enterprise grant to put money into operations upon program completion.
Moreover, members can have the possibility to enter Macy’s pitch competitors. As now we have beforehand reported, the winner of the Macy’s pitch competitors will obtain a $100,000 enterprise grant, a sourcing workforce partnership with Macy’s, and different advantages.
S.P.U.R. funding program
Whereas collaborating in The Workshop at Macy’s, chosen manufacturers will even study extra in regards to the retailer’s S.P.U.R. Pathways: Shared Objective, Limitless Attain funding program. The multi-year, complete program was launched late final yr, and is designed “to advance entrepreneurial progress, shut wealth gaps and shatter systemic boundaries confronted by diverse-owned companies and companies serving underrepresented communities,” the discharge stated.
S.P.U.R. Pathways was created by Macy’s in partnership with Momentus Capital, a monetary group that gives “digital platforms [which] make the most of a technology-forward method that allows group lenders to scale and attain deeper into underestimated communities,” processing over $75 billion in capital transactions by over 250 lenders during the last 5 years in keeping with their web site.
This program “features a vary of financing choices together with loans for working capital and industrial actual property, and progress fairness, all designed to satisfy the wants of diverse-owned and underrepresented companies at varied levels of progress,” the press launch explains, and is integrated into The Workshop at Macy’s curriculum to offer members with the chance to satisfy with capital markets professionals and learn to apply for funding.
To study extra or submit an software to The Workshop at Macy’s, go to TheWorkshopatMacys.com.
[ad_2]