Troy University's Phenix City Campus partners in business accelerator initiative

Posted: Friday, 24 June 2016

PHENIX CITY - Troy University's Phenix City Campus is partnering this summer in a new initiative aimed at helping Columbus, Ga. area entrepreneurs jump-start their business ideas.

The RiverCity Foundry Summer StartUp Accelerator, which launches July 8, is a follow up to the Columbus, Ga. Startup Weekend held in April at the Phenix City Riverfront Campus. The program represents a partnership between ColumbusMakesIT, TROY's Phenix City Campus, Alabama Power Co., SCORE, Columbus Technical College and the River Valley Regional Commission.

Organizers say accelerators have proven to be a driving force for greater innovation and grassroots economic development by preparing prospective founders and entrepreneurs for the challenges of launching new products, technologies and services.

"If we want to attract and keep young talent in our communities, we must help entrepreneurs start their own businesses," said Dr. David White, Vice Chancellor of the Phenix City Campus. "A startup accelerator is one of the critical components that helps build growing communities by helping to turn great ideas into great businesses. We have a wealth of talent in the area from both Georgia and Alabama, as well as from Ft. Benning. This specific accelerator project will help us strengthen our economic engine for small business."

Through the program, participants are able to develop their ideas by collaborating with mentors and experts to establish proof of concept and secure seed funding. Once prepared for the market, they receive access to formative-stage and later-stage capital resources that are required to take innovative ideas to the marketplace.

"While this is a wonderful place to do business, prospective entrepreneurs need help in properly launching their startups," said David Hehman, part of the program's leadership. "The RiverCity Foundry is bringing together the best and brightest talent and mentors in business development, design and technology to meet this need. We owe it to our community to provide a place where ideas and innovation come to life."

For more information about the program, visit: www.columbusmakesit.com/startups