XLR8X
|
Location |
Honolulu, HI |
|
|---|---|---|
|
Project Name |
XLR8 RESILIENCE: Investing in a Thriving and Economically Prosperous Hawaii |
|
|
Award Amount |
Federal Share |
Local Match |
|
$750,000 |
$187,500 |
XLR8X, a 501c3, will build upon the proven track record of its XLR8 initiatives (XLR8UH, a nationally ranked, top 30 venture accelerator, and XLR8HI, Hawaii’s Entrepreneurship Center) to support 125 companies to pivot, operate, and scale in a post-COVID19 world by expanding successful virtual investment readiness and business scaling pilot program – preX.
In response to the devastating impact and economic injury faced by many residents and businesses in Hawaii resulting from the coronavirus, preX was launched in April 2020 to transform impacted businesses into agile, resilient organizations reequipped with the business knowledge, technical assistance, professional networks, and support community to handle the pandemic disruption and survive and thrive successfully in a post-COVID-19 world. Investing in these enterprises is a key part of XLR8X’s commitment to long-term economic diversification and resilience by building an entrepreneurial and innovation-focused ecosystem that supports an inclusive, prosperous, and thriving business community, ensuring a steady stream of high-growth startups that drive job and value creation in Hawaii.