FREQUENTLY ASKED QUESTIONS
WHAT IS OMNIWORKS?
OmniWorks is an innovative business development platform dedicated to the mission of helping underserved entrepreneurs succeed. Our initial focus is on developing women and minority owned companies through a rigorous incubation process, mentorship and advisory services.
WHAT DO YOU DO?
We’re focused on advancing startups and growth-stage companies owned by underserved entrepreneurs. To do this, we provide an incubator program with a comprehensive suite of resources that deliver a customized approach for business owners, including a co-working space, advanced business curricula, access to appropriate capital financing, mentors, and corporate and government diversity supply chains.
WHAT TYPES OF COMPANIES CAN PARTICIPATE IN THE INCUBATOR?
We are open to a range of companies including startups and growth stage companies that want to scale their business. Various industry sectors we work with include consumer products, technology, business to business, and the creative economy.
HOW DO YOU SELECT COMPANIES FOR THE PROGRAM?
Each application is reviewed by a committee of diverse entrepreneurs, corporate executives, and business veterans. Together, they evaluate each business’ portfolio and determine which companies can best benefit from the program.
HOW LONG CAN A COMPANY STAY IN THE INCUBATOR PROGRAM?
We will host portfolio companies for 18 to 24 months at no cost.
WHERE WILL THE INCUBATOR BE LOCATED?
Our model is based on Incubation on Demand with incubators hosted within established community organizations whose constituents have the passion to become entrepreneurs or who have existing businesses they want to strengthen and grow. The collaborative, passionate, and diverse environment of greater Los Angeles resonates in our programs and inspires our business leaders each day.
DO I HAVE TO BE IN LOS ANGELES TO PARTICIPATE?
Yes. Our programs revolve around the diverse communities of founders located across Los Angeles.
HOW CAN CORPORATIONS OR INDIVIDUALS GET INVOLVED AS PARTNERS?
Corporations can get involved with the incubator program as corporate sponsors and partners, providing funding, mentorship, collaboration on products, and/or diversity supplier capacity building.
WHAT OUTCOMES CAN I EXPECT FROM THE INCUBATOR?
OmniWorks Incubator participants will: gain increased knowledge of entrepreneurship while receiving quality business education; develop positive attitudes about themselves and build trust in professional relationships; develop social and emotional competencies such as initiative, empathy, and adaptability; improve attitudes towards school and learning, while developing optimism about the future and a commitment to their community; understand how to remain current and relevant within the marketplace; gain the ability to visualize opportunities from a broader point of view; improve business efficiencies; and become prepared for investor/funder presentations.
CAN I BE A MENTOR?
We always welcome mentors! Individuals who want to impart their business expertise as a mentor can contact us with more information about their professional background to be considered for the mentorship program.
WHO SHOULD I CONTACT IF I HAVE ADDITIONAL QUESTIONS?
For any additional questions about applications, please email us at email@example.com.