FLAGSTAFF, Ariz., Feb. 13, 2019 /PRNewswire/ -- A vital business principal Moonshot at NACET teaches its entrepreneurs and innovators is the importance of "scaling," the skill of growing a business profitably, often by either providing more products and services or expanding a market position.
Moonshot is practicing what it preaches by actively pursuing opportunities outside of its northern Arizona home – often at the request of communities who have seen Moonshot's success and want to build their own entrepreneurial hubs.
"After 17 years, Moonshot at NACET has learned a thing or two about creating and igniting the entrepreneurial spirit within cities, municipalities and rural areas," said Moonshot at NACET President & CEO Scott Hathcock. "Other communities took notice and we started getting calls from economic development directors seeking guidance in creating entrepreneur ecosystems."
The series of programs and services, under the umbrella name Launch Pad, includes "Storytelling Workshops" to help startups craft narratives that secure customers and investors. Moonshot is also organizing "Pioneer Pitch" events in these communities, where entrepreneurs compete for scholarships and cash prizes similar to the television show, Shark Tank.
Moonshot will host its local Pioneer Pitch in Flagstaff later this month, and then hold similar events in Lewis County, Wash. and Henderson, NV later this year.
An additional program creating a workforce development model will also be rolled out locally in 2019 and will be made available to outside communities as well.
Moonshot and its startup clients recently completed a very successful year. During 2018, the program saw occupancy rates in its incubator and accelerator facilities increase to almost 80 percent. Four of its companies "graduated" from the program and moved to off-campus business sites. Startups supported by Moonshot generated more than 200 full-time jobs and secured $4 million in grants and capital funding.
Perhaps Moonshot's biggest coup was a collaboration with Amazon Web Services (AWS) to make Flagstaff the first U.S. city to offer the AWS "CloudStart" program to startup businesses.
For more information about Moonshot at NACET and the Launch Pad programs, visit moonshotaz.com.
SOURCE Moonshot at NACET