Start-up companies and small businesses expanding into global markets are being targeted to participate in a new program, International Business Accelerator (IBA), by Long Beach City College.
Entrepreneurs have until March 17 to apply for the recently launched program, which offers free coaching, mentorship, market research and consulting services, according to LBCC officials who have experience with proven business acceleration techniques as well as access to the college’s international business network.
“The initiative fits LBCC’s longtime mission of boosting the regional economy by helping businesses grow and create jobs,” LBCC Executive Vice President of Economic Development Lou Anne Bynum said in a prepared statement. “LBCC sits in the middle of the fourth largest export market in the nation. We want to get more of our local businesses into global markets and expand their international reach.”
Applicants can be pre-revenue, early-stage or established businesses with a strong global growth potential, according to LBCC. 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 or artificial intelligence.
“The IBA does more than just teach a company how to export,” explained IBA founder Christopher Lynch, an international business expert. “It rapidly takes a company to export sales by providing mentoring and technical support at a level that is not available elsewhere. 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.”
For more details, or to apply, visit www.iba.io/ or call (562) 938-5020.