REMOTE is a hybrid social business seeking to help three marginalized populations: Incarcerated pers REMOTE will ask for 2-5% equity stake in the businesses.
SCHOOL (6-MONTH PROGRAM)
REMOTE provides entrepreneurial education to three marginalized populations: Incarcerated persons, persons transitioning out of homelessness, and persons transitioning out of prison. The highly specialized curriculum consists of four core business courses: Entrepreneurship 101, Personal Finance, Social Enterprise, and Business Plan Development. By the end of the education
program, the entrepreneurs should be thinking about their next big business idea.
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ACCELERATOR (NO TIME RESTRICTIONS)
After the education program is complete, the budding entrepreneurs will begin an accelerator program during which they will be paired with professionals in the field to act as mentors. This will be a time for all of the entrepreneurs to understand everything they need to know to start a business of their choice. Additionally, our program hopes to assist with finding stable housing, childcare, and healthcare solutions.
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BANK
After completing the education and accelerator processes, the entrepreneurs will be looking for funding to start their businesses. REMOTE will hold a pitch-a-thon at which the entrepreneurs will present their business concepts to a panel of judges. The winner will be awarded a cash prize to assist with starting his or her business. The rest of the entrepreneurs can be given microloans with a 1-year payback period. There will be no collateral taken and credit is not a factor.