Innovation Mill Needs Assessment
Innovation Mill is a program led by The Advancement Foundation and funded through Go Virginia Region 2. Innovation Mill provides a full range of services for potential high growth companies that need resource assistance with proof of concept. Some of the services provided to companies that qualify are the development of business innovation and development teams, industry expert and customer focus groups, prototyping, manufacturing, processing and e-commerce expertise, higher ed project teams and product showcase opportunities.
In order to qualify for programs and services offered by Innovation Mill, a company must have the potential to generate 50% of their revenue outside the region, achieve a 20% growth rate year over year, and create jobs that pay $42,000 plus annually. Companies who would like to apply are asked to fill out the following survey. Once we have received your information, we will contact you to conduct a 360-degree evaluation and determine if your company is a fit for the products and services Innovation Mill has to offer.
Entrepreneur's First and Last Name
Best Phone Number
Name of Business (or potential name)
Please indicate the best days and times (morning, afternoon, evening) available to meet:
In what City, Town and/or County is (or will be) your business located
Alleghany Highlands (including City of Clifton Forge and Covington)
Botetourt County (including Town of Buchanan, Fincastle, and Troutville)
City of Bedford
City of Lynchburg
City of Radford
City of Roanoke
City of Salem
Roanoke County (including Town of Vinton)
What stage best describes where you are in your business? Check all that apply.
Thinking about starting a business
I have a great idea
Proof of Concept stage
In business 1 or more years with existing sales
Existing sales growth is 20% year after year
Ready to scale
Food and Beverage
Life and Health Science
What makes you different than the competitors in your industry?
What are your top 3 resource needs?
Capital Financing or Investment
Business Mentoring and Advising
E-commerce and Distribution
Supply Chain Partners
Licensing and IP
Expertise needed in following areas (check all that apply):
Business location selection
Customer acquisition and retention
Databases (sales, accounting, inventory)
Financing my business
Financing (budgeting, cash flow, payroll, etc.)
General business knowledge
Management (hiring, firing, team building)
Marketing (social media, graphic design, general)
Patent assistance (UPC code assistance)
Writing a business plan
Rate the State of your Business
Level 0-2 = Business or idea has identified a large solvable problem and is developing a vision to solve it
Level 3-5 = Business has strong evidence it can make money and be profitable with its solution
Level 6-7 = Business has validated through sales that it can meet customer needs
Level 8-9 = Business is growing fast and is positioned to scale
If you're interested in having access to our student intern network, please indicate why (general research, customer interviews, marketing plan, patent research, etc.)
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