PALO ALTO, Calif., April 26, 2017 /PRNewswire/ — The Latino Business Action Network (LBAN) has selected 75 Latino entrepreneurs from across the United States to be a part of the fourth cohort of the Stanford Latino Entrepreneur Leaders Program. The initiative is a six-week program jointly developed by Stanford University and LBAN. Its focus is to help Latino and Latina business owners scale their businesses.

The immersive six-week program provides participants with valuable frameworks, enhanced access to capital, personal business mentorship from successful entrepreneurs and investors and a deep understanding of the capital resources necessary to grow.  «The scaling of Latino businesses is an American economic imperative,» states Mark L. Madrid, LBAN Executive Director.  «The Latina and Latino businesses that we convene at Stanford embody the American dream and reinforce the critical role that Latino businesses play in our new American economy.»

To be considered for this program, the preferred criteria for applicants is generation of a minimum of $1 million in revenue and/or acquisition of $500K or more in external funding (companies that have received market and/or investor validation).

During the course of this six-week program, the entrepreneurs will take a customized online course based on curriculum developed by Huggy Rao, Stanford Graduate School of Business Faculty and Bob Sutton, Stanford School of Engineering Faculty, who are internationally recognized as experts in scaling businesses. 

The new cohort of the Stanford Latino Entrepreneur Leaders Program (below) comprises an elite and talented group of innovators and business leaders whose drive, work ethic and tangible results will drive our American economy and strengthen communities across the United States.

About Stanford University and LBAN Collaboration
LBAN and Stanford University collaborate on programs for Latino Entrepreneurs including the research-focused Stanford Latino Entrepreneurship Initiative and the Stanford Latino Entrepreneur Leaders Program. LBAN endeavors strengthening America by empowering Latino and Latina entrepreneurs to grow large businesses through entrepreneurship research, education and networks. LBAN’s ultimate goal is to double the number of $10 million, $100 million and $1 billion Latino-owned businesses by 2025.

The Latino Business Action Network (LBAN) is a qualified nonprofit 501(c)(3) organization formed in 2012 that focuses on strengthening America through LBAN-funded Latino research and education impact programs at Stanford University. Under the direction of newly appointed Executive Director Mark L. Madrid, LBAN will continue to strengthen the American economy by empowering Latino and Latina entrepreneurs to grow substantial firms that create jobs, develop leaders and spawn a new generation of companies.

Press Contact:       
Roberto Martinez
[email protected]

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SOURCE Latino Business Action Network (LBAN)