Question 1

What if I apply but am not accepted?

Accepted Answer

All applications are discussed amongst the LBA Selection Committee, and those not selected for the LBA are recommended for enrollment in The Hatch @ JCC, a program designed for business owners that might be a little earlier in their entrepreneurial journeys.

Question 2

What kind of businesses do you accept?

Accepted Answer

• Approaching $200K in annual revenue
 • At least 1 other employee other than the owner
 • Located in, or have an impact on, the Olean region
 • Business is the owner’s/founder’s full time job
 • Have the desire and ability to scale

Question 3

Is this virtual or in person?

Accepted Answer

To continue to build camaraderie and a sense of community, and for more effective coaching and mentoring, the program is in person.

Question 4

What’s the cost?

Accepted Answer

There is no cost to apply or to participate. In fact, business owners selected will receive a $5,000 grant for completing the program, to help offset costs for the business owners being away from their businesses.

Question 5

Do I need to provide any of my own materials for the program days?

Accepted Answer

No, all materials (books, pens, notepads, breakfast, lunch, etc) are provided free of charge by the LBA program committee.

Question 6

How much time does it take?

Accepted Answer

• Program days are in person for 3 hours per week, on Fridays, from 9AM-12PM throughout the fall.
 • There are other smaller assignments, most of which can be done remotely, and may take an additional 1-2 hours per week.

Question 7

What makes this different from other programs?

Accepted Answer

The sense of community, entrepreneurial support, and belonging that our LBA alumni felt during, and now after, the program is what they have identified as the most beneficial and makes the LBA different.

Question 8

What happens after the 14 weeks?

Accepted Answer

Programming for “beyond an accelerator” continues to be defined and all LBA alumni are invited to participate. There are also social and networking opportunities for the LBA alumni to get together and continue to grow together.

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