New entrepreneurs need all the help they can get when launching a business. The Incubator at MAGNET is launching the Beta Space to help students and entrepreneurs get off to a good start. The 2,000 square-foot space on E. 25th Street offers co-working space, mentorship and free advice from service providers.

“There are two main components to the program,” says David Crain, director of entrepreneurial services for the Incubator at Magnet. “One is a co-working space for students with a focus on advanced engineering. Second is small businesses and entrepreneurs can schedule free one hour meetings to get advice and ask questions to our service providers.”

Service providers in the Beta Space include finance, marketing and legal service providers. Membership is not required to take advantage of the services. Entrepreneurs can schedule up to four one-hour meetings a month.

The Beta Space aims to be a place for networking, mentorship and a mix of experience. Presentations and other social events are also planned. “We’re regionally focused,” says Crain. “Any entrepreneur or small business in Northeast Ohio is welcome.”

The Beta Space has 15 service providers signed up to offer advice. Crain expects to have 25 to 30 providers total -- all donating their time to help small businesses.

“On the service side, these are folks who work with entrepreneurs and know they need a ton of help,” says Crain.

The Beta Space officially opens May 7.

Source: David Crain
Writer: Karin Connelly