Kauffman FastTrac president pitches program in new Sketchbook
In the Sketchbook video, which is entitled "Go Fast, Grow Fast" and was released on Friday, Kauffman FastTrac president Alana Muller describes the organization she oversees. FastTrac is an organization for entrepreneurs that aims to provide the framework, resources and networks needed to start or grow a company.
Silicon Prairie News took a look at FastTrac in a March story about the program, but the Sketchbook provides another take.
FastTrac offers three different programs — New Venture, Tech Venture and Growth Venture — that typically start around $700 and involve about 30 hours of classroom instruction apiece. Muller offers some other FastTrac-related numbers:
- In two decades, more than 300,00 people have gone through the program.
- Thirty percent of New Venture participants report that, within six months, they've started companies.
- Nearly 60 percent of Growth Venture participants report an increase in revenues.
Muller says FastTrac's goals are aligned with those of the entrepreneurs that embark on the program. Namely, FastTrac aims for big, fast growth. “When an entrepreneur starts a company," she said, "he or she wants to bring that idea to fruition just as quickly as possible, to continue to grow that idea as big as possible.”
For Muller's extended description of FastTrac, watch the video above. Or for another take on the program, see our previous story: "Kauffman's FastTrac programs aim to support entrepreneurial dream".