Fredericton-based entrepreneurship centre Planet Hatch has announced the launch of its new Startup Management Accelerator.

The accelerator will help entrepreneurs as they transition from the startup phase to fully established and growing businesses.

Participants will graduate from the program with a forward-looking business strategy and the essential skills and knowledge to transition from startup to developing business.

“As a startup grows, new and complex challenges arise that can be an impediment to their long-term sustainability,” said Planet Hatch Director Adam Peabody in a statement.

“Making key hires beyond the founding team, managing cash flow versus investment and funding, complying with tax and other regulations. These are all issues entrepreneurs face later in the startup life-cycle, and that’s what this program will address directly.”

Selected participants will form a cohort and receive comprehensive training and tailored business counselling over nine weeks on topics such as: hiring and human resources; cash flow management; risk management; strategic alignment, key performance indicators and metrics.

In addition to training, program participants are eligible to access up to $25,000 in low-interest loans through the Impact Atlantic Fund.

The program will be delivered virtually and will accept applications from any company in the Atlantic region. The company must have seen year-over-year revenue growth, have a defined ownership structure, and be planning for significant growth over the coming years.

Planet Hatch will accept applications from eligible companies until Oct. 14.

For more information on the Startup Management Accelerator and to apply, click here.