PALO ALTO, Calif., Sept. 26, 2016 /PRNewswire/ — The Latino Business Action Network (LBAN) has selected 77 Latino entrepreneurs from across the United States to be a part of the third cohort of the Stanford Latino Entrepreneur Leaders Program (SLELP3). SLELP3 is a six-week program jointly developed by Stanford faculty and LBAN. Its focus is to help Latino business owners scale – i.e., grow – their businesses. As part of this immersive six-week program, SLELP3 provides participants with valuable concepts and frameworks, enhanced access to capital, personal mentorship from successful entrepreneurs and investors, and a better understanding of the capital resources necessary to grow their businesses, create jobs, and build a stronger economy.
The applicant selection criteria was developed to rigorously filter very early stage companies and target those companies that have received market and/or investor validation. To be considered for this program, the preferred criteria for applicants is to have either generated $1 million in revenue or have raised $500k in funding. As part of the six-week program, the entrepreneurs will take a customized online course based on curriculum developed by two Stanford Professors; Huggy Rao, Stanford Graduate School of Business Faculty and Bob Sutton, Stanford School of Engineering Faculty, who are internationally recognized as experts in scaling businesses.
SLELP3 business owners are part of an elite and talented group of innovators and business leaders whose drive, work ethic, and ambition will help to grow our economy and communities acrossthe United States.
About Stanford University and LBAN Collaboration
LBAN and Stanford University collaborate on programs for Latino Entrepreneurs including the research focused Stanford Latino Entrepreneurship Initiative (SLEI) and the Stanford Latino Entrepreneur Leaders Program (SLELP). LBAN endeavors to make America stronger by empowering Latino entrepreneurs to grow large businesses through entrepreneurship research, education, and networks. LBAN’s ultimate goal is to double the number of $100 million and $1 billion Latino owned businesses by 2020.