The Vermont Center for Emerging Technologies (VCET) today announced new partnerships with five innovation hubs to boost startups, innovation and localized economic development throughout Vermont. The #ScaleHere platform accelerates business growth throughout the state by sharing the business resources aggregated at VCET to companies at other non-profit innovation centers outside of the greater Burlington area.
“Economic development used to be here or there, but today, it’s here and there,” said David Bradbury, VCET President. “The #ScaleHere platform shares expert advice, business mentoring and deeply discounted technology services to members in these innovation centers that can exceed $100,000 in support per company.”
In addition to VCET’s three innovation hubs in Burlington and Middlebury, the #ScaleHere partners launching today include: Do North Coworking, Lyndonville; The Space on Main, Bradford; The Mint, Rutland; Black River Innovation Campus (BRIC), Springfield; and The Lightning Jar, Bennington.
As part of the #ScaleHere platform, eligible members in these innovation hubs now have free access to a larger network of resources to help them start and grow their businesses. Platform members can connect with more than 130 business mentors, get one-on-one coaching and consulting sessions, and connect to third-party technology and business resources. The #ScaleHere platform also brings valuable financial incentives such as SaaS partner program discounts, up to $100k in cloud credits, and $20k in fee-free payment processing.
“The #ScaleHere platform is another example of how Vermonters are working together to reverse our declining workforce trends,” said Michael Schirling, Vermont Secretary of Commerce & Community Development. “Our rural communities and city centers coming together to share resources, lower costs, connect with area colleges, and ultimately aid our state’s entrepreneurs, will help the companies of tomorrow take root and grow in Vermont.”
Since launching at the University of Vermont, VCET has earned national recognition for its impacts advancing Vermont’s technology ecosystem through strategic curation of people, places, and capital, leading to business growth and investments in the local economy. Now, through #ScaleHere, entrepreneurs can thrive more broadly in any part of Vermont, inspiring business growth and innovation throughout the state. The Vermont Technology Council has provided support for this initiative along with VCET’s other key partners such as U.S. Senator Patrick J. Leahy, Middlebury College, The University of Vermont, Consolidated Communications, Champlain College, the Vermont Agency of Commerce & Community Development, and Norwich University.