Sponsored by: Aviatra Accelerators
The company — a 501(c)(3) nonprofit founded in 2010 — enables women to start and sustain businesses by providing training in business basics, offering guidance from mentors and coaches and aiding in access to capital. This allows members to move forward and unlock success.
According to CEO/ President Nancy Aichholz, the numbers speak for themselves.
“Now that we have the benefit of 11 years of data, we can see meaningful patterns,” Aichholz says. “We know that 80% of the women that come through the accelerator model of our business stay in business for many years. And we see significant revenue growth in those businesses, which is a really astounding stat for an accelerator.”
Yet, this growth doesn’t occur in a vacuum. Aichholz says that access to capital can make or break these businesses.
That’s why the company offers workshops and cohort-style training in Cincinnati/NKY and Dayton, Ohio, and a digital platform for rural entrepreneurs or those that cannot attend a cohort to help established entrepreneurs and business owners plan for growth, expansion and financing.
“At the end of the day, if the business doesn’t have a lifeline of capital, it might succeed, but it won’t scale or grow, and it likely won’t have a long-term impact on the community,” she says.
Speaking of impact, the successes coming out of Aviatra Accelerators are many. Aichholz cites one in particular.
A young woman started a dog walking business, Allie’s Walkabout in Erlanger, and was later in a position to expand. She and her mother went through the Aviatra program and were able to invest more in the business, growing it into a significant family-legacy corporation with dog boarding and grooming services.
“They’ve bought property and expanded their footprint,” Aichholz says. “Now they’re the five-star place for dogs in the region.”