Maria needed help with the following:
- Finding a location to open her business within her price range.
- Assistance finding additional funding to open her business and keep it stocked during inflation.
- Assistance locating and applying for grants.
"My SBDC helped me with profit and loss statements, he was willing to meet with me and walk me through things I had never done before."
The SBDC at UW-Stevens Point provided Black Girl Magic with business plan and grant application assistance, financial projections and additional resources and opportunities around the area and state.
RedFox AI was unable to connect with the correct partners and possible customers because they didn't know where to start. These entrepreneurs had not developed an actionable pitch deck nor financial projections before.
"Prior to working with my SBDC Consultant, I had no idea how many different resources the SBDC offers to WI-based entrepreneurs."
Southwest WI SBDC and the Capital Access Clinic assisted RedFox AI with a business plan and financial projections. The SBDC helped them obtain a grant, and assistance with RedFox's pitch deck and resource introductions helped them get a foothold in the industry.
Their primary challenge was taking the steps to move their idea to a technology and then into a business.
They did not have experience developing business and funding plans for the pilot plant that is critical to their business success.
"My SBDC Consultant helped make our dream come true and gave us fundamental advice."
UW-Oshkosh SBDC provided proposal review that allowed Clarus Carbon to pursue pilot plant development.
Guidance from the Wisconsin CTC’s Ideadvance program allowed them to test iterations and move their technology from the lab to a business.
Thanks to $1.5 million in funding, Clarus Carbon is moving their technology to a northern WI plant where they can access cheaper raw materials to produce activated carbon and keep "waste" materials out of landfills, promoting clean technologies.