FY 26 Budget Q&A #074: What are the options for scaling the cost of the small business accelerator?
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Question: What are the options for scaling the cost of the small business accelerator? (Councilman Chapman)
Response: This program is scalable, based on the number of entrepreneurs and level of support desired. AEDP’soriginal proposal for $280,000 was sized to serve 15-20 entrepreneurs. Based on AEDP’s experience andconversations with a range of third-party incubators and accelerators, it would take a minimum of$200,000 to establish a tailored program and cohort. Beyond that, the program can be scaled upwardto expand programming and/or to include additional entrepreneurs (assume a minimum of $10k percompany, exact cost to be determined by industry focus). AEDP would also seek opportunities toleverage any funds received with matching funds from state or corporate partners (i.e. VirginiaInnovation Partnership Corporation), to maximize the program’s impact.
