Indianapolis-based NEXT Studios, a venture studio designed for startup companies, has launched a new initiative to advance Indiana’s rising entrepreneurs. The NEXT UP program is designed to help business-makers by accelerating their concepts and providing support.
NEXT Studios says a different cohort of entrepreneurs will be invited each month to hone their ideas during a five-day “Discovery Week.”
Those with a unique concept will be invited to pitch for potential investment from an affiliated local impact fund.
NEXT Studios says those entrepreneurs who are accepted into the second phase will undergo an intense six-month program which usually takes 12 to 18 months to complete.
“It’s an exciting time to be helping create an ecosystem of inclusive entrepreneurship,” said Joe Cudby, managing entrepreneur of NEXT Studios. “Entrepreneurship is hard, messy, complicated and NEXT Studios looks forward to using the cohort model to help actively think about the team element for driving company success and accelerating the lifecycle of startups from big ideas to get them to market faster.”
Cudby says the students in the cohort will be surrounded by experts in management, branding, operations and prototype development.
The program is launching its inaugural cohort May 3 with women-led startups from around the Midwest chosen to take part.