BetaBlox Startup Incubator Teams Up With OII
BetaBlox, one of the largest startup incubators in the Midwest, is teaming up with the Oklahoma Innovation Institute (OII) to bring their successful entrepreneurship program to Tulsa. BetaBlox is a startup accelerator that helps early-stage entrepreneurs quickly build their business though coaching on lean startup models, modern customer acquisition channels and raising investment funds.
While other community organizations address many of the needs of Tulsa entrepreneurs, there is still a significant gap for early stage companies and entrepreneurs needing to receive specific, start-up focused entrepreneur-to-entrepreneur training and mentorship.
By focusing on early stage companies, BetaBlox will improve the volume of start-ups in Tulsa’s entrepreneurial ecosystem which will lead to better investment opportunities and more home-grown jobs. To date, BetaBlox has over 100 startups in their portfolio.
“This program will enhance the entrepreneurial landscape in Tulsa,” says David Greer, executive director of OII. “Partnering with BetaBlox aligns with our mission to foster innovation and create high-impact jobs to ensure the ongoing economic growth of the Tulsa community.”
BetaBlox has a proven methodology that can increase an entrepreneur’s likelihood of success by more than twice the national average. This is accomplished by providing a bundle of services, including a multi-year incubator program that provides classes, mentors, consultation from growth-stage entrepreneurs, and access to investors. Instead of charging for these services, BetaBlox secures a small piece of equity in the startup. This mutually aligns the BetaBlox team with that of the founding team to drive success.
“By building a network of entrepreneurs in Tulsa and Kansas City, we are laying a solid foundation for individuals to build and grow their business,” says Greer. “We are excited about this opportunity to bridge the gap between entrepreneurs and resources to help them succeed.”
About OII:
The Oklahoma Innovation Institute (OII) is a 501©(3) not-for-profit corporation committed to building an innovative economy in the Tulsa region. OII fosters collaborative research and development, entrepreneurship, STEM education, company creation and retention, life-long learning, and creative, future-oriented thinking.
Updated 07-25-2016
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