SCAPE Frequently Asked Questions
What is the SCAPE Program?
SCAPE used to be a 6 month program, in 2023 we moved to a rolling application cycle and a more customized program (read more here). We help businesses start, expand, and scale by connecting them with mentoring and access to capital networks throughout the year. Learn more about our accelerator program, who should apply, plus the benefits and commitments, click here.
What is the application process like?
The SCAPE application consists of around 20 questions to give an assessment of your company and needs. Once submitted, we help direct you on the best next steps for accomplishing your goals. Whether that’s setting up a discovery meeting for our Accelerator Program or by making connections with our mighty entrepreneur support organization network.
What is the program commitment?
What you put in will greatly shape what you get out of the program. You will be responsible for participating in the customized program, doing the homework, showing up to mentor roundtables, and providing the deliverables. Our new program structure will offer more flexibility to work around schedules, but we do expect you to show up (and have fun!).
What types of companies do you mentor and fund?
SCAPE works with all industries, and is looking for businesses which can rapidly expand and have a large nationwide customer base. Ideally we’re looking for companies with market traction, minimum viable product, or revenue demonstrating you have customers or potential market share.
Do you have to take investment to participate in the program?
Yes - you should be seeking to work with outside investors to utilize the SCAPE program. Our program is designed for companies ready to scale, as often a company needs outside capital to implement a growth and expansion plan. Bootstrapping likely got you where you are, and we are looking to help companies that we can accelerate with a cash infusion.
How much do you invest?
Every business and investment deal is unique - our investments range from $50,000 to $250,000 in first rounds, and additional amounts in future rounds. We play matchmaker and leverage SCAPE Investments with our network of Angel Investors, State Programs, and Venture groups to bring the rest of the money the companies need to the table. It is important that a company has enough resources to implement the growth plan and is not only partially funded.
What equity do you take for your investment?
Favorable investment terms are negotiated per deal, and we work with founders and investors to source whatever capital makes sense - equity or revenue sharing. A small percentage of equity in your business is allocated to SCAPE for our assistance.
Can I work while in the program?
Investors are looking for entrepreneurs who are fully dedicated to their business. But we also understand that you still have living expenses while you learn if your new business is viable. Flexibility will be key to participate in the SCAPE program.
Who are the mentors?
SCAPE draws on the experience, time, and enthusiasm of our mentor community. We are supported by seasoned business executives from the region. To get a complete list of our mentors and learn more about their backgrounds, here.
Ready to apply? View our application, here. Have a question? Let us know, here.
