Cory Hankins | March 10, 2021
On Feb. 13, the South Bend Entrepreneurship and Adversity Program (SBEAP) welcomed a new cohort of 70 participants as it kicked off its second year supporting local entrepreneurs. Among these participants, 65 percent are women, 60 percent are currently in business and 40 percent have a concept for a business.
SBEAP is a 12-month course that leverages University and city resources to help participants establish sustainable ventures as a pathway out of poverty. During the 12 months, participants can advance through five stages: training, mentoring, consulting, community connect and microcredit. The program begins with six Saturdays of training that present the steps of the entrepreneurial process and introduce fundamental tools and concepts that are critical for new venture success.
The founder of the program is Michael Morris, professor of the practice with the Keough School's McKenna Center for Human Development and Global Business at the University of Notre Dame. Morris brings more than 35 years of entrepreneurship experience to South Bend and has replicated the success of SBEAP by launching similar programs in Milwaukee, San Diego, Baton Rouge, Gainesville and Lafayette, Louisiana — all within the last year. As this list of partner cities continues to grow, the McKenna Center has also formed the Urban Poverty and Business Initiative, which seeks to build a community of universities and nonprofit organizations committed to poverty alleviation and the empowering potential of entrepreneurship.
Read more here.