The Regional Business Accelerator has been rebranded as Startup Lloydminster following the announcement by Tess Wack, left, executive director of the organization, and Diane Harms the chair of the board of directors, during an open house at the Lloydminster Dream Forest on Mar. 22. GEOFF LEE LLS PHOTO
Startup Lloydminster is the new name of the Regional Business Accelerator with more meat and potato resources available for entrepreneurs from the Startup Canada network of communities.
“We are still offering all of our great services that we did as the Regional Business Accelerator, but by joining the Startup Canada network we can connect with national resources that we can support our entrepreneurs with,” said Tess Wack, executive director of Startup Lloydminster.
Wack made the announcement during an open house at the organization’s Dream Forest room for entrepreneurs at 4419-52 Ave. on Mar. 22.
On hand was Diane Harms, chair of the board of directors for Startup Lloydminster, who explained the rebranding will better define the organization and what it does.
“I think one of the challenges we’ve had in the past was that people weren’t sure what the Regional Business Accelerator was,” she said.
“I think this more clearly demonstrates that this organization is supporting startup companies or entrepreneurs that are considering starting companies to help them grow their businesses in the region.”
Startup Canada doesn’t provide any funding, but the national network will allow Startup Lloydminster to increase the support opportunities and encourage entrepreneurs to access resources that are available across Canada.
“So this continues to expand our service offerings and allows us to really maximize what’s available,” said Harms.
Wack anticipates the rebranding and expanded services will further add to Lloydminster’s reputation as an entrepreneurial city.
“We’ve already helped more than 450 businesses in our community and region since our inception, so we are just looking forward to having that number grow and making Lloydminster a strong entrepreneurial space,” said Wack, who is excited with her leadership role.
“It’s a great opportunity; it’s a great organization, and I love being a part of growing businesses in Lloydminster,” she said.
Startup Lloydminster provides everything from training programs and coaching to one-on-one mentoring to launch new businesses.
“We have staff who are very adept in helping to develop business plans through coaching individuals through the business planning process,” added Harms.
“Then we have connections with Community Futures and other organizations like Business Development Bank of Canada, and other lenders who are willing to use those business plans to help them invest in those businesses.”