Northeast Ohio companies with roughly $5 million – $15 million in sales and a desire to grow are encouraged to apply today for the fourth cohort of the Scalerator® NEO program, as spaces are limited. This intensive, six-month program is a proven, classroom and peer-to-peer learning experience that has helped over 200 companies in the United States and around the world achieve significant, top-line growth including 40 in Northeast Ohio. The 2020 program will run April – October in Akron, OH at the Bounce Innovation Hub.
Fourteen companies from five Northeast Ohio counties completed the third cohort of Scalerator NEO in October 2019, representing a cross-section of the region’s business communities, with a mix of manufacturers, construction, IT, distribution and service providers. Every company in the cohort has experienced some level of growth since beginning the program in April 2019, either through increasing sales to existing customers, securing new contracts, or hiring additional staff members. Companies in the third cohort have an expected average revenue over $11 million and a mean number of full-time employees of 31 for 2019.
Participants shared the impact Scalerator has had on their growth since completing the program.
Rich Gent, Co-owner of Gent Machine said that, “the Scalerator program has been huge for us, we learned so much in the last six months. It’s helped us change our culture, helped us hire the right people and helped us increased our sales.”
Since beginning the Scalerator NEO program in April of 2019, Julie Brandle, President/Founder of Metis Construction experience revenue growth and hired 6 new employees.
Upon completing the six-month program, Simon Melikian, President & CEO of Recognition Robotics shared that they have experience a 15-20% increase in revenue. He and his team learned critical aspects on how to really run the business as a business and recommends Scalerator for every business that wants to grow.
Scalerator NEO is supported by Burton D. Morgan Foundation and the Fasenmyer Fund, established at Morgan Foundation by the former Richard J. Fasenmyer Foundation, a collaboration committed to supporting entrepreneurship and free enterprise in Northeast Ohio through targeted educational opportunities. The non-profit, EDGE, serves as the administrator to the program. Funds from the Morgan Foundation and the Fasenmyer Fund cover the costs associated with Scalerator NEO, and there are no fees charged to participating companies. Applications are reviewed on a rolling basis, and up to 20 companies will be seated to participate in the fourth cohort beginning in April 2020.
The online application and information about the program are available at ScaleratorNEO.org. Apply by March 1.
Brittany Bush, Brittany@edgef.org, Scalerator NEO Administrator, EDGE