Philadelphia, PA - In the wake of the first COVID wave, NextFab launched an 8-week accelerator program for its entrepreneurially-minded members. The accelerator aims to provide artisans with the essential tools, support, and structure they need to build viable businesses.
"Initially, we planned to make this program available only to existing members of NextFab, but we decided to open it up to the public so that we can support even more artisans in these difficult times," said Todor Raykov, who runs accelerator programs and venture initiatives at NextFab. "The program's sessions are virtual and provided at no cost to the participants. In addition to business workshops and introductions to advisors and experienced entrepreneurs, accepted artisans receive free access to all NextFab locations for the duration of the experience. The only requirement is that the artisan applicants are already in business and generating between $100 and $5,000 in monthly sales."
After a successful pilot in Wilmington, Delaware, in the spring, Todor and his team expanded the program and opened it up to NextFab members in Philadelphia. The virtual format of the training sessions made it possible for NextFab entrepreneurs in both cities to take advantage of the training, hone their marketing strategies, and increase their online sales.
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Here is what the seven graduates of the Fall 2020 Artisan Accelerator program had to say about their experience:
"NextFab's Accelerator program helped me scale my business by 20% in a few months. The resources, guidance, and support shaped my marketing strategies, financial projections, and customer segmentation. I cannot thank NextFab, Todor, Earl, and all the speakers enough. I sincerely appreciate everything you all have provided my business!" - Yemina Israel, Founder of Addi Naturals.
"The knowledge provided was invaluable and it was a joy to have the opportunity to be a part of." - Gwanyan Barker, Founder of Kpelle.Designs.
"Within this cohort, I found vastly different personalities, goals, and products, but the structure of the program allowed for honest exchange and patience." - Elana Webb, Founder of You and Island.
"I enjoyed the collective with other like-minded creatives and entrepreneurs. Even with everyone in different stages, I thought we all walked away with valuable and resourceful info that provided immediate change or help in what we were doing." - Cherné Altovise, Founder of Cherné Altovise Jewelry.
"The artisan accelerator definitely boosted my knowledge of what it takes to scale a business. I've learned so many tools to begin building the structure of my business and the support to keep it sustainable." - Jeremiah Jordan, Founder of Confetti by JFrancis Designs.
"The NextFab Artisan Accelerator program was a great way to jumpstart my business into a more focused area of thought and direction." - Cody Huges, Founder of Untitled_co.
The next Artisan Accelerator program runs from March 24, 2021, to May 21, 2021, and will be held virtually. Candidates from the Greater Philadelphia and Wilmington, DE regions, who are selling custom, handmade, and unique goods, will have the opportunity to apply for acceleration between January 18, 2021, and February 21, 2021.