Economic Development Initiative Scale Up Milwaukee Announces Third Round of Scalerator

Milwaukee, WI, July 09, 2015 --(PR.com)-- Scale Up Milwaukee, an initiative of the Greater Milwaukee Committee supported by WEDC, announced it will open applications for the Scalerator program, which kicks off in October 2015. The Scalerator program has been wildly successful in helping companies in the M7 region to grow. So far, 27 local companies have graduated from the Scalerator program, averaging a planned 41% in revenue growth in 2015.

Testimonials from past Scalerator participants prove the importance and effectiveness of the program:

“We applied to the Scalerator program with some reluctance…mainly due to the time commitment and really, after 20 years in business, what could they really teach us? We were dead wrong. Participating in the Scalerator program has transformed the way we do business.” - Lori Zindl, President of OS inc.

“The Scalerator Program is a fantastic academic resource that challenges business owners to improve productivity, sales, and processes. I would recommend this program to any business owner.” - Helen Traudt, President of Right Choice Janitorial Supply, LLC

The six-month, seven-session training program teaches business owners the practical skills to inject growth into their ventures. Administered by a team of professors from world leader in entrepreneurship education Babson College, the Scalerator focuses on three primary areas: sales and marketing, organizational development and entrepreneurial finance. Additionally, the program works with investors, banks, professional services firms, universities and public sector stakeholders to support growth.

Applications are available on the Scale Up Milwaukee website.

About Scale Up Milwaukee
Scale Up Milwaukee fosters a growth-driven and growth-obsessed region in Milwaukee. Using Babson professor Daniel Isenberg's proven model for promoting entrepreneurship, Scale Up Milwaukee convenes a diverse group of stakeholders (private sector leaders, public officials, investors, entrepreneurs, university faculty and local economic development support groups) to develop actionable strategies for high-growth, high-impact entrepreneurship in the region. Scale Up Milwaukee helps to foster an entrepreneurship ecosystem that leads to significant growth events.

Focusing on six key domains - Policy, Finance, Culture, Supports, Human Capital and Markets - Scale Up Milwaukee’s activities include the Scalerator, an intense 6-month training program for ambitious business owners focused on growing their businesses; the Mayor’s Growth Tour, which takes Milwaukee Mayor Tom Barrett to visit and celebrate scaling businesses; and the CEO Forum, where CEOs and senior executives of large local corporations meet to discuss ways to support and promote growth in the region.