Submit Your Application Now for 2024 Cohort of Scalerator NEO
Burton D. Morgan Foundation is seeking applications from CEOs and owners of small businesses in Northeast Ohio for the 2024 cohort of Scalerator NEO. The next cohort will run January - June. The cost to attend and all program expenses are covered by Burton D. Morgan Foundation and the Fasenmyer Fund, reflecting their commitment to entrepreneurial education and business growth in Northeast Ohio.
Scalerator NEO is a cohort-based educational program for entrepreneurs and their teams who want to deliver immediate growth to their businesses and are open to learning new ways to achieve this goal from industry experts. This six-month transformational program targets companies with sales between $3 million and $15 million whose owners have a strong ambition to scale their businesses quickly and sustainably.
Companies in all sectors, from manufacturing to technology to consumer goods, are encouraged to apply. A diverse cohort provides the most fertile ground for a successful Scalerator experience. With a focus on the 3 Cs of growth (Customers, Capacity, and Cash), Scalerator boasts impressive results, with 75% of participating companies increasing their growth by 25% or more following the completion of the program. Graduates have gone on to achieve tremendous growth and are valued assets for new cohort participants through a dedicated alumni network.
Since 2017, 72 Northeast Ohio companies have successfully completed Scalerator, with 12 slated to graduate from the 2023 class. Participants in the 2023 cohort shared the impact Scalerator has already had on their business:
“We hired two corporate sales directors to obtain 12-15 new high yield corporate programs (>$250,000 each), for a total of $6M in new and recurring revenue. We are advancing the careers of existing team members and adding 2 new team members per month. We are refactoring our tech stack to a more modern and nimble coding language.” - Jeffrey Jones, Founder & CEO, Consolidus
"PorchLight created a service segment specific to intern housing solutions and won 2 new contracts this year from a semiconductor and ATV company totaling $40,000 in new revenue." - Diane Ayres, President, PorchLight Rental & Destination Services
Scalerator® was developed by Daniel Isenberg, CEO of Entrepreneurship Policy Advisors and former Harvard Business School professor. More than 400 companies have participated in Scalerator to date across the globe, with former cohorts taking place in Northeast Ohio, Milwaukee, Manizales, Atlantic Canada, Rio de Janeiro and Trinidad and Tobago. Isenberg leads the program with the support of three other faculty members: Elaine Eisenman, Kevin Mulcahy, and Tim Marken. Together, these faculty members comprise over a century of experience growing real companies, and each is a celebrated educator with experience teaching at Harvard, Babson, Columbia, and other leading business schools.
Scalerator NEO is administered by EDGE, a non-profit economic development organization accelerating innovation and entrepreneurship in Northeast Ohio communities.
Incentives for Referrals
Morgan Foundation is offering incentives to nonprofit organizations that provide referrals to the upcoming cohort. For each qualified candidate who applies to the program, Morgan Foundation will provide a $1,000 grant to the referring nonprofit organization. The applicant must list the nonprofit organization on their application as the referral source.
Apply for the 2024 Scalerator NEO Cohort
Applications for the 2024 Scalerator NEO cohort running January - June can be submitted here: www.scaleratorneo.org/apply-now. Applications received before October 31 have the best chance of selection for the 2024 cohort. Contact Brittany Bush at Brittany@edgeneo.org for more information.