Verizon’s Small Enterprise Digital Prepared program offers $10,000 small enterprise grants at sure instances of the yr. Although the newest grant interval ended on Dec. 13, 2024, keep tuned for information on when a brand new spherical will open up in 2025. Even for those who don’t safe a grant, becoming a member of Digital Prepared and benefiting from the instruments and sources this system offers is a great funding in your future. The actual worth of Verizon Small Enterprise Digital Prepared lies within the instruments and sources this system offers small companies to allow them to thrive in right now’s digital financial system.
Making use of for grants throughout open durations is free and simple, however:
You probably have not but joined this system (additionally free and simple), you are able to do that right here.
After you’ve joined Digital Prepared, you’ll have to full any two of the various free programs or occasions this system affords, as soon as these grant applications open up.
Apply for the grants themselves in the course of the software interval. Keep tuned for when the following interval opens in 2025. Verizon will notify all candidates whether or not they’ve been chosen to obtain funding.
Whereas the monetary grants are probably the most fashionable options of the Verizon program, the free programs, teaching periods and mentoring provided by Digital Prepared can be found to anybody who has joined this system.
Register right here to get began.
To be taught extra about Digital Prepared, StartupNation spoke with Brianna Ellison, director of group engagement for Verizon. Ellison elaborates on the work Verizon is doing to assist entrepreneurs and on the advantages of the Small Enterprise Digital Prepared program, together with:
Entry to free digital expertise coaching and sources
Monetary help to help digital transformation initiatives
Alternatives to community with different small enterprise homeowners and consultants
Entry to help from Verizon and its companions
Access to a rigorously curated set of accountable mortgage choices and accessible grant alternatives. By way of Verizon’s Small Enterprise Funding Market, you may see what funding choices it’s possible you’ll be eligible for and evaluate phrases to find out which financing choices might finest meet your wants. When you discover a funding choice that you just’re excited by, join on to the lender to use.
However first it’s a must to register.
As Ellison explains, Verizon is actively partnering with Michigan small companies to assist them succeed within the digital financial system, together with:
Verizon has partnered with Grand Valley State College’s Veterans Entrepreneurship Lab to supply grants and help to veteran entrepreneurs.
Verizon has partnered with the Metro Detroit Black Enterprise Alliance’s Capital Join Program to assist Black-owned companies entry funding and sources.
Under is the total Q&A with Ellison, which StartupNation performed in September 2022.
What work is Verizon doing within the Detroit/Michigan group to assist small companies?
Verizon has actively partnered with Michigan small companies. We’re members of quite a few chambers of commerce and associations from throughout the state that work with small companies (such because the Detroit Regional Chamber, Grand Rapids Chamber, Dearborn Chamber, The Proper Place, MI Chamber, Automation Alley, Metro Detroit Black Enterprise Alliance, MI Enterprise Incubator Assoc.). Verizon participates in a lot of thought management occasions with these organizations to share experience and sources with their membership.
In 2021, we prolonged a grant to Grand Valley State College’s Veterans Entrepreneurship Lab. Veterans and/or navy spouses work on their enterprise launch over a three-month interval. MVE-Lab equips members to determine their goal prospects, community with others, and discover the sources they should launch profitably and efficiently. It concludes with a Pitch Showcase awarding at the very least $25,000 in prize cash. Visitors embrace different veteran entrepreneurs, mentors, and consultants like attorneys and advertising and marketing specialists, together with the chief of Verizon’s veteran worker useful resource group who shared details about Verizon help for small enterprise homeowners alongside along with his personal private expertise as an entrepreneur.
In 2021, we additionally established a partnership between Verizon’s Professional Bono Program and the Metro Detroit Black Enterprise Alliance’s Capital Join Program. This program is getting ready and connecting Metro Detroit Black-owned companies to varied funding sources to make sure their sustained success. If any of those companies want additional authorized help or one-on-one help, the Verizon Professional Bono Program crew has agreed to work immediately with these companies to determine further authorized providers.
Lastly, in September, Verizon launched Small Enterprise Digital Prepared. This on-line curriculum is designed to present small companies the customized instruments to achieve right now’s digital world. This system contains studying modules, professional teaching, peer networking and a market of instruments and options. The free on-line useful resource is accessible to any small enterprise throughout Michigan (and nationwide) and shall be utilized by Verizon companions such because the Black Enterprise Alliance’s Capital Join Program.
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What do you imply by “Digital Prepared” and why is digital readiness vital for small enterprise homeowners right now?
Digital readiness is about ensuring companies have all of the instruments and sources they should thrive in right now’s financial system. The COVID-19 pandemic has imposed unexpected challenges on entrepreneurs and additional accelerated a shift to digital methods of working. Greater than 75% of small companies pivoted their operations because of the disaster and greater than 50% of SMBs say their on-line interactions with prospects have elevated. To remain aggressive within the new financial atmosphere, small companies should be agile and adapt to shifting shopper preferences.
Small enterprise entrepreneurs perceive the significance of using digital instruments of their day-to-day operations, however discover it difficult to implement significant digital transformation. In response to knowledge revealed from Morning Seek the advice of and Verizon of their September 2020 report, “greater than two in 5 resolution makers say it’s possible that their enterprise will broaden by means of digital applied sciences and rely extra closely on communications.” On the identical time, greater than two-thirds of respondents acknowledged that including or transitioning to digital/on-line operations has been difficult for his or her enterprise to deal with. How can we bridge this hole? Entrepreneurs want easy accessibility—wherever they’re—to customized studying and training sources with a purpose to efficiently implement digital methods into their companies and have the boldness to achieve the post-pandemic future.
Why is the Verizon Small Enterprise Digital Prepared program a superb useful resource for enterprise homeowners in metro Detroit and Michigan?
House to varied analysis organizations and anchor establishments, together with a vibrant and multicultural entrepreneurial ecosystem, Detroit’s wealthy roots embody the hardworking and revolutionary ethos of its various small enterprise homeowners. Detroit has roughly 50k small companies owned by entrepreneurs of coloration and the town is dedicated to making sure residents are gaining equal entry to instructional and financial alternatives of the rising high-growth financial system. In response to a 2021 Detroit Ecosystem Evaluation, Detroit has 23% of all startup firms in Michigan and has the entire vital sources to launch and develop companies which are digital prepared. As Verizon seeks to attach BIPOC enterprise homeowners throughout the nation with this worthwhile useful resource and create extra equitable pathways for entrepreneurs to thrive within the digital financial system, we view the small enterprise homeowners within the better metro Detroit space—and Michigan—as a vital consumer base within the effort.
Verizon’s Small Enterprise Digital Prepared program was constructed by (largely BIPOC) small companies for small companies. Jamiel Robinson, the manager director of Michigan-based enterprise improvement group, Grand Rapids Space Black Companies (GRABB), was a distinguished voice within the Small Enterprise Advisory Committee that helped form this system and its choices. Numerous subject material consultants drive our content material, interactive video modules, and training occasions. In brief, entrepreneurs in metro Detroit shall be geared up with digital methods and related learnings—by means of curated curriculum subjects, teaching occasions, and group teams—to use to their companies!
What steerage are the small enterprise homeowners you’re employed with searching for?
We all know typically that small enterprise homeowners are excited by studying extra about financing, digital advertising and marketing, and operational effectivity. Our customers have informed us they’ve acquired super worth from the academic sources and in connecting immediately with consultants–by means of each one-on-one mentoring and group teaching occasions. Fifty-eight % of customers on the platform are excited by connecting with a finance professional and 64% of customers on the platform are excited by connecting with a advertising and marketing professional. The most well-liked subject areas are accessing capital, digital advertising and marketing, and enhancing on-line presence. Enterprise homeowners would additionally favor to be part of a group the place they will be taught from each other, as 52% of customers wish to join with friends with comparable pursuits.
How can Verizon assist with group networking on a private stage, not a digital one?
Verizon Small Enterprise Digital Prepared is constructed to be a worthwhile device to the BDOs, Small Enterprise Improvement Facilities, CDFIs and different organizations which are on the bottom serving to small companies day-after-day. We’re partnering carefully with a lot of these organizations and dealing with them to combine our sources into their choices. Small Enterprise Digital Prepared’s group part additionally lets companies join with different companies and sources by metropolis in order that they will hook up with help of their native space!
On the onset of the COVID-19 pandemic, Verizon started the grassroots work of internet hosting digital group dialogues targeted on small companies in communities from throughout the state. The aim of those dialogues is to listen to concerning the nice work small enterprise homeowners and small enterprise improvement organizations are presently engaged in, the present and ongoing challenges small enterprise homeowners are dealing with, and to debate how Verizon will be supportive transferring ahead. Attendees have included small enterprise homeowners, small enterprise help organizations and chambers of commerce.
Now greater than ever, we at Verizon will proceed to construct on the extremely worthwhile relationships with the communities we serve. These dialogues are solely the start of what we hope shall be long-term partnerships the place we are able to proceed the dialog and discover future alternatives to be supportive.
What expertise do you convey to the group as a liaison between Verizon and small enterprise homeowners?
As an area liaison between Verizon and small enterprise homeowners, I work to construct bridges of reference to my friends, inside enterprise companions and exterior stakeholders to champion insurance policies that enrich lives and allow a digital future that serves all Michigan communities. I’m able to leverage relationships inside Verizon and with enterprise help group companions to type coalitions to sort out the challenges small companies face, amplify successes and finest practices, and disseminate details about Verizon instruments and sources. Reflexively, I meet with companies to hearken to their wants and drive the best way during which we deposit goodwill in our native communities and innovate to construct the networks that transfer the world ahead for everybody.
Q&A initially revealed in September 2022.
