More Than a Coworking Space: About Flywheel Foundation

The Flywheel Foundation

Did you know that Flywheel is more than just a coworking space? Yes, we offer private offices, comfy chairs, coffee and meeting rooms – but we are so much more than that. Let me introduce you to The Flywheel Foundation. The Foundation exists for the entrepreneur. For startups. For you! They are focused on economic development and helping startups and entrepreneurs’ flourish. That’s our purpose — to make a difference for the entrepreneurs we serve, to help them succeed, and to create an environment where new ideas flourish, get market traction, find customers and become new projects and businesses.

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The Foundation supports most of the events at Flywheel such as Startup Grind, Fireside Chats, Tech Slam ‘N Eggs, Techstars Weekend and New Ventures Demo Days. These programs provide individuals with knowledge of what is going on in the community, a professional network, and opportunities to learn from others. As a Flywheel member, these events are right at your disposal. You have countless opportunities to continue your professional development and learn about the latest and greatest in the entrepreneurial world.

New Ventures Accelerator

In addition, The Foundation runs the New Ventures Accelerator program, which makes equity investments in a handful of companies each year. During the program, the Executive Director, Adrian Smith, works with the founders to help guide them through the rough waters of early entrepreneurship.  The accelerator is 12 weeks long and consists of cohort dinners, work days where you work with the accelerator director one on one, and curated mentorship. They just finished their 5th year.

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Courses

Courses are available through Flywheel’s Learning Management System. The Foundation is responsible for all the curriculum the LMS has. There are a variety of courses that are both online only and instructor led for a more hands on experience. These courses have helped hundreds of entrepreneurs over the years from early to growth stage start-ups. These courses are available to the public with special rates for Flywheel Members! Courses include, “Applied Financing for Startups,” “Applied Marketing for Startups,” and much more.

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Open Runway

The Flywheel community has all of the resources you need to accelerate your next business. Through the Foundation, Flywheel offers a year-round open application for on-demand acceleration services to individuals and businesses that have great ideas they want to commercialize. Powered by the Flywheel community, we cut through the noise and help committed entrepreneurs and corporate innovation programs identify market opportunities and blind spots, thrive on disruption, develop prototypes, and use lean startup methods to accelerate getting from idea to repeatable revenue. The “Open Runway” offers a variety of programs ranging from product design with “Design Sprint” to “Business Modeling and Financing.” Check out all the programs here!

Reboot Membership:

Flywheel’s Reboot Membership program, supported by The Foundation, provides you with the foundation, community support, and hands-on guidance to pursue entrepreneurship and launch your startup idea. This membership is for individuals who lost their job due to COVID, have a startup idea they would like to pursue, plan to invest meaningful time into the startup idea, and plan to actively participate in the Flywheel Community.

Something for everyone

As you can see, Flywheel is more than just a co-working space. The Foundation has something for everyone, with numerous opportunities for every individual. We are constantly searching for ways to help the entrepreneur, the small businesses, and companies with one ultimate goal – economic development in Winston-Salem. Ask a Flywheel staff member for how to get more involved with the Foundation!