Cambridge Entrepreneurship Assistance Program
The City of Cambridge Entrepreneurship Assistance Program is a collaboration between The Capital Network and the City to provide training to early-stage entrepreneurs. The Capital Network (TCN) provides an Accelerated Education Program (AEP). AEP is a four-month workshop series on fundraising education for early-stage entrepreneurs. AEP is designed to incorporate the guidance of many former or current entrepreneurs and members of angel groups and venture capital firms, the majority of which are located in the New England area. The AEP program is provided on a rolling schedule and workshops are kept small for entrepreneurs to ask questions for his or her business and funding needs.
The Cambridge Entrepreneurship Assistance Program provides five (5) HUD eligible Cambridge early-stage entrepreneurs in the consumer products, clean energy, high tech, and life sciences clusters a scholarship to participate in The Capital Network’s AEP Program. The next round of the program will begin in mid-July 2015.
TCN's Accelerated Education Program is a rotating six (6) month program series on fundraising education for early-state entrepreneurs. Four (4) months of the program is a series of educational workshops and seminars and the additional two (2) months of the program provide participants access to roundtables and pitch practices with investors. To learn more about The Capital Network and the Accelerated Education Program, click here.
Some of our programs, workshops, and services are funded through Community Development Block Grants (CBDG) from the US Department of Housing and Urban Development. Based on HUD guidelines, the City can offer the Cambridge Entrepreneurship Assistance Program only to eligible Cambridge residents and businesses.
HUD eligibility guidelines ensure that federal funding assists residents and businesses in predominantly low-moderate income areas, known as Neighborhood Revitalization Strategy (NRS) areas, or low to moderate income micro-enterprises. Click here for a map of the NRS Area.
HUD eligibility requirements for this Program can be met in one of the following two (2) ways:
- Live in or work in a Neighborhood Revitalization Strategy (NRS) area of Cambridge. Click here for a map of the NRS Area.
- You are an entrepreneur or the owner of a startup located outside the NRS, but in the City of Cambridge, you meet eligibility requirements if all of the following conditions apply:
- You are a small scale startup whose establishment is located in the City.
- Your business is a micro-enterprise. A micro-enterprise is defined as a small business with five (5) or fewer employees, including the owner(s).
- Your family income is not greater than low-moderate family income guidelines in the following table.
Program Income Guidelines
|Number of Family Member
||up to $48,000
||up to $55,800
||up to $62,750
||up to $69,700
||up to $75,300
||up to $80,900
||up to $86,450
||up to $92,050
- These limits are determined by the U.S. Department of Housing & Urban Development and are subject to change at any time.
- Your family is defined as all related, immediate family members living in the same household (e. g. husband, wife, children, grandparents, aunts, uncles, cousins
- Your income is defined as the combined gross annual income for an entire family living in the same household
Program applications will be taken on a competitive basis until the deadline of June 1, 2014. Applications will be reviewed and approved to make sure candidates are a good fit for the program. Please click here to download the application.
Note: If you are planning on filling out the application electronically, please save it under a separate name, otherwise you could lose your changes. All applications should be sent to the attention of Pardis Saffari at email@example.com.
For more information about the Cambridge Entrepreneurship Assistance Program, please contact Pardis Saffari at 617/349-4654 or via email at firstname.lastname@example.org.