I just started helping a friend and colleague sow the seeds for a new fashion concept, and wanted to share this info on a program through the Fashion Institute of Technology and the NYCEDC that helps new businesses along the way.
The free ???mini MBA?? provides selected designers with the business acumen, resources and community to grow their companies. Emerging designers whose businesses are based in one of New York City??s five boroughs and have been open for at least one year are eligible to apply.
Each year, 25 designers are accepted into the program and are immersed in weekend learning intensives focusing on marketing, financials and operations taught by FIT instructors and industry experts. They are also paired with a dedicated mentor to help them complete their business plan over the summer. Participants have access to FIT classes, resources and industry contacts and events. The program culminates with a pitch event where 12 designers compete for a cash prize to be used to execute their business plan.
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