Covington-based Aviatra Accelerators, an entrepreneurial nonprofit that supports women-owned startups and small businesses, recently launched its Capital-Ready Women program.
The program is designed to help women in non-tech industries prepare to successfully access capital through loans or investments.
“This program will enable women business owners to successfully access the capital they need to grow, leading to more sustainable businesses, higher incomes, more job creation, and increased local economic vitality,” Aviatra Accelerators President Jill Morenz said in a press release.
The program begins with a free fundability assessment that provides participants with a score that indicates their readiness to access capital, as well as resources to improve their score. The CRW program includes three levels:
- Pre-Flight Capital Program: For those scoring below 50 on the fundability assessment, this free, self-guided program includes three modules to address areas of weakness and improve future scores.
- Runway Capital Program: For those scoring over 51 but not yet profitable, this 8-week program offers resources and coaching to achieve profitability. The program cost is $500, and if participants become profitable within 18 months, the fee can be applied to the Lift Off Program.
- Lift Off Capital Program: For those with a fundability score above 65, this 12-week program includes coaching and resources to prepare participants to successfully access funding and costs $1,500. It includes additional vendor-provided services and facilitated conversations with vetted funders.
The goal is to serve at least 50 women in the program’s first year, with additional women benefiting from the free level. Initially, the program will focus on the urban and suburban areas of Cincinnati and Northern Kentucky, and the rural areas of Northern Kentucky.