FAQ’s
THE CAPITAL READINESS PROGRAM FAQ’s:
The Capital Readiness Program provides strategic planning and financial analysis and access to potential procurement and capital opportunities, as well as support for mergers and acquisitions along with education and networking opportunities.
Businesses that are outside the region can partner, acquire or expand into the Nevada region and be reviewed for acceptance into the program.
There is no age restriction, but all owners must be legally able to execute and have leadership of their business.
The CRP region coverage is the State of Nevada.
All firms have achieved over $100,000 in revenue and be at least 51 percent owned by a SEDI individual.
All firms must be willing to share financials, customer lists and other key company data. Also, firms must be willing to be advised and responsive to growth opportunities for acceleration.
The Accelerator is not accepting startups or ineligible industries stated by the Small Business Administration. If you anyone is unsure of their firm’s participation you can contact us directly.
The Accelerator will support the following:
Early Stage companies, Growth companies and Mergers & Acquisitions.
Early-Stage Growth: Emerging and scalable SEDI-owned firms that require either capacity building, investment capital (equity or debt), and/or access to additional networks for procurement opportunities.
Growth Companies: Existing SEDI-owned firms of size (generally a minimum of $100,000 in annual revenues with a strong management team and operating history) requiring growth equity capital for any of a number of strategic investments to propel the business to the next level of growth to include, but not limited to investing in new systems or technology platforms, pivoting to a related or complementary product line or industry, expanding critical talent and human resources.
Mergers & Acquisitions: Business acquisitions consisting of mainstream businesses with no identified business succession plan being acquired by highly vetted and credible SEDI entrepreneurs where growth opportunities exist leveraging Fortune 1000 supplier diversity initiatives post acquisition.
Did this FAQ answer your questions? If not, please contact us.
The Nevada Capital Readiness Program is an economic development initiative borne from the joint efforts of the member organizations of the Silver State Nevada Capital Readiness Consortium. Our mission is to increase economic inclusion and empowerment in the Nevada region by providing customized analysis, resources, and funding to accelerate the growth of scalable socially and economically disadvantaged (SEDI)-owned businesses. Our focus is on serving scalable, underserved SEDI-owned businesses in partnership with targeted regional and national stakeholders aligned around the shared mission of accelerating business development.
Silver State Consortium
Capacity Building
Access to Capital
Access to Networks