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Passport

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PASSPORT

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WHY PASSPORT?

The South Florida landscape is driven by small businesses. Indeed,  Miami-Dade County by itself ranks 4th in the US according to the number of small businesses and has the highest small business concentration (81.3 %) in the region totalling 82,000+ that employ 53.3% percent of the workforce.

However, Miami ranks in the bottom tier on national indices for firm scaling which reveals that our ecosystem still has glaring needs (36 out 39 on Kauffman growth index). Similarly, the recent report , Miami’s Competitive Advantages in Entrepreneurship, noted the Miami area has a lower proportion of larger, high-value, entrepreneurial companies compared to many other U.S. communities.

Passport aims to resolve this problem of scale. Passport will develop the entrepreneurs’ industry specific knowledge about scaling their businesses successfully across the United States through individual and small group access to local and national resources.

WHAT + WHERE + HOW

In partnership with local ESOs and by leveraging the Venture Cafe Global Network, Passport will curate high-value experiences both in Miami and nationally, focused exclusively on connecting diverse, Miami based, Main Street founders with each other, prospective investors, and B2B partnership opportunities.

Each Passport cycle will run for one quarter and support 12 founders per cohort with the following:

  • Scale Coaching: 3 tactical masterclasses in Miami led by national coaches on strategies for growth 
  • Immersion Tour: 4 day study tour to US city to meet scale ups, potential partners and stories of failure & success
  • Tech Enablement: Access to tech solutions designed to automate processes and core business activities to accelerate operational growth
  • Open Access: Public workshops & office hours on strategies for growth during #ThursdayGatherings
  • Follow Up: Regular check ins with participants to track impact and roadblocks for continued support

WHO

We’re specifically targeting the Main Street founders that we don’t see visibly participating within Miami’s existing entrepreneurship scene– i.e. those founders who have their heads down in full commitment to growth. Each cohort will consist of 12 entrepreneurs.

In 2020 we will facilitate 2 Passport cohorts with a focus on food & beverage and consumer packaged goods industries, respectively.

HOW TO APPLY

For the first cohort of to launch in Fall 2020 we are looking for:

  • High-potential founders of underrepresented backgrounds in the food & beverage* industry
  • Companies based in South Florida 
  • 3+ years of operations
  • $500K – $1MN in annual revenue
  • Leaders willing to commit 3 days in Miami + 4 days on a tour
  • High growth potential & ready to expand regionally or nationally

Applications accepted on a rolling basis.

*We know that COVID-19 has greatly disrupted the food & beverage industry, and that future plans may be up in the air. If any of this program resonates with you, please apply! We are continuing to monitor the situation at hand and will adapt the program as needed.

I WANT TO LEARN MORE

You can find more information by looking at our Overview Deck or by contacting us through the form below.