by Ken Anderson
The Delaware Economic Development Office (DEDO) has recently partnered with One Million by One Million (1M/1M), a global, virtual accelerator. Together, DEDO and 1M/1M will provide wider resources and deeper support to Delaware entrepreneurs.
Founded by Silicon Valley-based serial entrepreneur, Sramana Mitra, 1M/1M’s Premium Program offers a comprehensive online curriculum, online mentoring and strategy consulting, virtual introductions to customers and channel partners. If deemed fundable, the business is introduced to investors.
Why this partnership?
First, not all serious entrepreneurs can participate in a physical, brick and mortar, incubator/accelerator. Second, 1M/1M’s totally, virtual, global incubator retains some of the best entrepreneurial education, mentorship and customer development support available, including that found in physical locations. Third, this is a valuable tool for serious entrepreneurs who are working full- and part-time jobs while developing, building and growing their entrepreneurial dreams during off hours.
After researching program for more than a year, DEDO determined that 1M/1M is a viable, highly-credible, global and totally virtual opportunity for Delaware’s entrepreneurs. Offering this unique support and mentorship program allows entrepreneurs to flexibility to continue to bootstrap their businesses while earning a paycheck.
During DEDO’s application process, a selection committee will review applications and select serious entrepreneurial businesses to participate in 1M/1M’s Premium Program. The rolling selection process will continue until 10 entrepreneurs have been selected.
As part of this partnership, DEDO will utilize funds designated for entrepreneurial initiatives to cover the $1,000 premium membership fee for 10 Delaware-based entrepreneurs. The agency will track the participant’s progress quarterly during the one year program.
Interested entrepreneurs are invited to apply online, visit http://de.gov/59e
James DeChene is the Chamber's Senior Vice President of Government Affairs.