Industry News 9/24/2015

B$Z: SDSI Accepting Springboard Applications for Sports and Active Lifestyle Business Accelerator

San Diego Sport Innovators (SDSI), the non-profit business development organization, is now accepting applications to its acclaimed business accelerator program, SDSI Springboard sponsored by Saltus Capital Consultants.

Renne Catalano, SDSI’s Business Development Specialist noted, “SDSI Springboard is a four month, intensive mentoring process dedicated to fostering the next generation of Sport and Athletic Lifestyle companies into sustainable and scalable businesses. The program is open to sport and active lifestyle companies of all sizes who are facing significant milestones such as; launching a new product, starting a new business, shifting their business model, preparing to raise capital or working through a significant growth phase.

The industry veterans that make up SDSI Springboard’s mentor group are some of the best minds in Southern California’s SAL industry and volunteer their time to provide advice on how to help growing business succeed. Accepted companies are paired with CEOs, finance experts and marketing experts to help refine their business models and become better positioned for developing strategic partnerships, building their team & advisors, launching a new product/service, securing investment and overall success.

SDSI Springboard grads have a pretty amazing record: 50 companies have graduated since 2009, have raised $40.4 million dollars in capital funding and have created 315 jobs.

“SDSI Springboard was an amazing experience for us this year,” says Scott Tilton, CEO of Hookit, a 2015 SDSI Springboard Graduate. “We have participated in SDSI events since the organization started over 7 years ago and this was by far the most hands-on and rewarding experience personally. We got incredibly deep and useful insights from qualified mentors that contributed to a strong growth strategy that will help us scale the business for years to come.”

Applications are free; upon acceptance the Springboard tuition is an amazingly low $1,000 and includes a year membership to SDSI. Apply through October 18 at http://sdsportinnovators.org/springboard/.