Venture Mentoring Service
What is Cabarrus Center Venture Mentoring Service?
Venture Mentoring Service (VMS) is our premier program at the Cabarrus Center, connecting business founders with exceptional advisory services. Through a competitive application process, we select the region’s top, most viable startup companies and a handpicked team of mentors who work together to further the development of the venture. We also help early stage companies get “mentor ready” through our programs and coaching sessions. This program has been refined for over 20 years at MIT and is licensed to over 100 communities worldwide. It gives experienced professionals an opportunity to mentor our next generation of entrepreneurs and stimulate our region’s economic development.
The Flywheel Foundation is pleased to host the MIT VMS program license and administer the program on behalf of the Cabarrus Center. We are dedicated to promoting a healthy entrepreneurship ecosystem through education, research, events, innovation challenges, and business accelerators. The Flywheel Foundation accelerates home-grown economic development with diverse pathways for inception-stage startups, micropreneurs, students, and alumni working in supportive innovation communities. In just five years of operation, we have supported sixty-two companies, and more than 50% have received growth financing, are rapidly hiring new employees, and are entering the commercial real estate market.