Westchester Community College, Local Chambers of Commerce Launch MYB $$eed Tank
A coalition of business leaders in the chambers of commerce for Mount Vernon, Yonkers and the Bronx is partnering with Westchester Community College to create an invaluable competition and learning experience for early-stage business entrepreneurs. Initiated by Derickson K. Lawrence, CEO of MarketView Resources, this team has come together to launch the Mount Vernon/Yonkers/Bronx (MYB) $$eed Tank Competition.
Residents of these southern Westchester/northern New York City regions are invited to submit their applications online via the link below to be considered and evaluated.
MYB $$eed Tank Application
PLACE: 17 South Fifth Ave—SUNY Westchester Community College Mt. Vernon Extension Center
TIME: 10:00 a.m.
DATE: Thursday, December 3, 2015
Early-stage businesses must be able to demonstrate that their business models are “scalable and sustainable” and solve a particular problem.
"Westchester Community College has had extension centers in Mount Vernon and in Yonkers for years, supporting local business and economic development through courses, training and collaboration," said Francine Carl, Director of the Mount Vernon Center.
"This competition extends the college's opportunity to introduce local aspiring or new business people to the college's Gateway to Entrepreneurship program where training and networking can move them to the next stage," explained Eridania Camacho Quinn who is Director of the program.
“Our goal is to change the prospects for upward mobility,” said Lawrence, “but nurturing innovation and great ideas also help shape our future, and that’s why this partnership with WCC and the local chambers is so important.” Mr. Lawrence founded his company, MarketView Resources, in 2001. His company delivers banking products and payroll to large employers and their employee base across eight states.
Christopher Reim, a venture capitalist who launched his own firm, Innovate NY Fund LP, will serve as judge of the finalists in MYB $$eed Tank. "All of the net job growth in this country comes not just from small businesses, but from new businesses,” he said. “There is a tremendous opportunity to accelerate new job creation in Yonkers, Mt Vernon and the Bronx - but that will only come by encouraging high growth, innovative businesses to locate and grow there. We need to form an innovation incubator that can foster more good businesses in our community."
The winner will receive a prize of up to $10,000 and entrance into the WCC Gateway to Entrepreneurship program of workshops this spring. Runners up will also benefit through invitation to the workshops. The winner will also have the opportunity to present his or her business concept at the GROW Conference, an annual business event that will be held at the college on April 29th next year.
The local legislators and members of the business communities are enthused by this collaboration and injection of capital. Assemblyman Gary Pretlow whose district includes Mount Vernon and Yonkers believes “we need more of these opportunities to boost the local economy of the region.” And the Mount Vernon Chamber of Commerce is excited about the opportunity to work with the $$eed Tank and support the next Mark Zuckerberg," according to Board Member Rey Hollingsworth Falu.