To learn more about the Virtual Incubator Program (VIP), we encourage you to watch this three-minute video overview featuring past VIP participants and UCEDC’s Director of Training/VIP counselor Joe Lamberti as well as read the program summary below.
Diverse businesses have historically encountered many obstacles to success, and these obstacles have become even more apparent in recent months. To help battle these injustices, UCEDC has developed a Virtual Incubator Program (VIP). The VIP will allow 10 businesses with ownership from an underserved population the opportunity to sustain themselves through these trying economic times by offering education and access to capital.
Upon completion of this 8-week program, which includes virtual training sessions and both group and one-on-one counseling, participants will gain access to an exclusive loan program from UCEDC created specifically for VIP graduates.
Qualified VIP Candidates Must
Have majority business ownership by an underserved individual or group of individuals (Asian, Black, Hispanic, LGBTQ, Native American, Native Hawaiian/Pacific Islander, Veteran)
Be located and perform the majority of their operations in NJ
Have 2 years of business tax returns
Have been operating profitably, or at break-even, prior to the pandemic
Be willing to participate fully in the 8-week training and counseling program to qualify for the UCEDC VIP loan program
Not be a current or past UCEDC loan client
Dates and Deadlines
The third session of the VIP will run Wednesday, February 9 – Wednesday, March 30, 2022, from 10:30 a.m. – 12:30 p.m. The application deadline is Wednesday, January 12, 2022. If you or someone you know can benefit from this program, please apply here or share this link: https://ucedc.com/ucedcs-virtual-incubator-program/