Local Entrepreneur Acceleration Program
The Local Entrepreneur Acceleration Program (LEAP) aims to support diversity in small business ownership across South Carolina by providing minority and women entrepreneurs with business plan development support, technical skills, and the chance to compete for a startup capital award.
Thanks to support from Wells Fargo Diverse Community Capital, SC Community Loan Fund launched LEAP in 2019. We have hosted three LEAP rounds since the program was established. These programs have brought in a total of 45 participants, resulting in the completion of 34 business plans. A total of $40,000 in seed capital funding has been awarded through the program to help build a more diverse small business economy in South Carolina.
HOW IT WORKS
LEAP is an intensive ten week course during which small business owners expand their business knowledge. The course culminates in participants refining their business plans and presenting them for a chance to win a capital investment. The three entrepreneurs with the strongest business plans will receive $5,000, $10,000 or $30,000 startup capital awards. All LEAP graduates leave the program with the ability to seek business financing as well as a comprehensive business plan.
CURRENT SESSION INFORMATION
Any entrepreneur or team of entrepreneurs interested in developing or expanding a business in South Carolina can apply to participate in LEAP Fall 2020.
The LEAP Fall 2020 cohort will meet virtually on Tuesday evenings September 15 - November 17. Applications are no long being accepted for the current LEAP session. Applicants can expect to hear from SCCLF regarding their acceptance into the program at the end of August.
Questions? Contact SCCLF Program Manager Kelly Sharkey at firstname.lastname@example.org to learn more about current or future sessions.