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FOR IMMEDIATE RELEASE
Thursday, March 6, 2014


NYC DEPARTMENT OF SMALL BUSINESS SERVICES ENCOURAGES NEW YORKERS TO SHARE THEIR “BIG TECH IDEA”

“My Big Tech Idea” Helps New Yorkers Take Their Technology Business Ideas from Concept to Application Through A Four-Week FastTrac® TechVenture™ Course

SBS, in partnership with the Ewing Marion Kauffman Foundation and the SUNY Levin Institute, has launched the “My Big Tech Idea” campaign, to encourage New Yorkers to share their innovative technology business ideas for a chance to participate in the second cohort of the FastTrac® TechVenture™ program. FastTrac® TechVenture™ is a free, four-week course that provides aspiring tech entrepreneurs with the tools they need to start and develop a successful business, as well as a network of connections and services available through NYC Business Solutions Centers to help support their launch, growth and success.

The course covers issues specific to tech-based businesses, such as protecting intellectual property and securing financing, and helps entrepreneurs evaluate and refine their business concepts, including all steps necessary to launch. By the end of the course, students will have vetted their tech business idea with experienced coaches and successful entrepreneurs, developed a strong business plan and supportive network, and learned about services available to help them launch their business. FastTrac® TechVenture™ is based on the successful NewVenture™ program, which has helped guide more than 1,900 aspiring entrepreneurs towards launching a business since the program began in 2009.

FastTrac® TechVenture™ participants are accepted through a competitive application process. Eligible applicants must have: a well thought-out tech-based idea for a new business, conducted some market research, two years of work experience (preferably on a tech project or project team), technical skills, access to a computer, and commitment to attend all sessions (approximately 50 classroom hours) and complete preparatory work (approximately 15-20 hours per week).

The first class begins on Wednesday, April 16 at the SUNY Levin Institute in midtown Manhattan. Applications will be accepted until April 2, 2014 for this cohort. For more information and to apply, visit www.mybigtechidea.com.

All entrepreneurs interested in starting or growing a small business in New York City are encouraged to take advantage of free services available through the City’s NYC Business Solutions Centers, located in all five boroughs. Services include business courses, pro-bono legal assistance, access to financing, city, state, and federal incentives, help navigating government regulations, recruiting and training staff, certifying as a minority or women-owned business, and more. Information is available at www.nyc.gov/nycbusiness or by calling 311.

About the Department of Small Business Services
The Department of Small Business Services (SBS) makes it easier for businesses in New York City to start, operate and expand by providing direct assistance to business owners, fostering neighborhood development in commercial districts, and linking employers to a skilled and qualified workforce. For more information on all of SBS’ services, go to www.nyc.gov/sbs.



  Contact:

Merideth Weber (SBS), mweber@sbs.nyc.gov, 212-513-6318
 

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