Backed by money from the city of Milwaukee, Northwestern Mutual and the Milwaukee Institute, Young Enterprising Society, or YES, is launching a training program for urban startups in the city.
The program, called The Blueprint, is tailored for startups in the areas of technology, e-commerce and advanced manufacturing and aims to build employment in Milwaukee’s central city, a predominately African American community.
YES will accept 40 companies for a weeklong bootcamp starting in early September, which is the first phase of The Blueprint program. From there, 10 participants will be chosen to attend an eight-week training program that will run from Sept. 22 through Nov. 10.
The top three participants, based on their business model and need for capital, will receive $10,000, $5,000 and $2,500 in cash, respectively. In addition, two businesses that graduate from the program will receive discounted, newly renovated office, retail or manufacturing space in a yet to be disclosed location and Milwaukee’s Legacy Redevelopment Corp. will provide participants access to capital of up to $200,000 through a newly established revolving loan fund. Read the full story here.