LBCC Launches International Business Accelerator Program
Long Beach City College has launched a new International Business Accelerator program (IBA @ LBCC) to assist early-stage start-up companies and small businesses with expanding into global markets. Local business owners are encouraged to apply for the program. Applications are being accepted now through March 17.
The IBA @ LBCC will accept early-stage startup founding teams and small businesses with global technologies or services that are looking to develop their international readiness and launch into global markets. Participants will receive free coaching, mentorship, market research, consulting services and more.
The initiative fits LBCC’s longtime mission of boosting the regional economy by helping businesses grow and create jobs, said Lou Anne Bynum, LBCC Executive Vice President of Economic Development.
“LBCC sits in the middle of the fourth largest export market in the nation,” Bynum said. “We want to get more of our local businesses into global markets and expand their international reach.”
“The IBA does more than just teach a company how to export. It rapidly takes a company to export sales by providing mentoring and technical support at a level that is not available elsewhere,” said IBA Founder Christopher Lynch, an international business expert. “The biggest benefit of the program is that companies become confident about their abilities to enter and compete in global markets. They are not afraid to look for new markets, and they use the financing tools learned in the program to supercharge company growth.”
Participating companies will receive and have access to:
- Market research
- Proven business acceleration techniques for getting into the global market
- Resources through LBCC’s extensive international business network
- Support through the completion of their first international sale
Applicants can be pre-revenue, early-stage or established businesses with a strong global growth potential. They should have a proven prototype or process (beyond proof of concept), with founding teams of two or more. Additional consideration will be given to businesses with products or services in manufacturing, advanced manufacturing, clean tech, robotics and artificial intelligence.
The program is supported in part by a grant from the MUFG Union Bank Foundation and is managed by the Los Angeles Regional Small Business Development Center Network.
To learn more about the IBA @ LBCC program, business owners are invited to attend an IBA information session at 5:30 p.m., Wednesday, Feb. 22, 2017, at LBCC (4900 East Conant Street, Long Beach, Calif.) in Building O-2, Room 208. For additional information about IBA @ LBCC or to apply online, please visit www.iba.io/ or call (562) 938-5020. For more information about other LBCC economic development programs, please visit www.lbcc.edu/caed. A limited number of scholarships may be available.
Please click here for the IBA informational brochure.