Funnel Two of The Readiness Training Program FAQs

What is Funnel Two?

Funnel Two training sessions are oriented primarily to minority and women-owned, and small businesses that sell and provide services or products to state, local, and federal governments in the Austin region: construction, commodities, professional and non-professional services. All sessions will offer intermediate to advanced business concepts, techniques, and information that have proven effective in growing a business. In short, the RTP for HUBs promotes public sector contracting, offers one-on-one technical assistance, and encourages peer-to-peer networking for participating firms.

What Topics Will Funnel Two Cover?

Funnel Two will cover topics such as Marketing For Growth, Human Resources, Financing Tips, and more. The exact topic titles can be found here. Website updates will include information on confirmed session presenters.

Who Should Apply?

Established firms that want to enhance their capacity and seek new contracting or business opportunities in public contracting. We expect that many admitted companies will have at least five employees, annual revenues surpassing $500,000, and three or more years of operations. Businesses that have bid or worked on public projects are preferred. Governmental certification is not required, but also preferred. In summary, Funnel Two training sessions are not intended for start-up or relatively young companies who are encouraged to apply for Funnel One training scheduled for the fall 2024.

What is the Most Important Program Requirement?

ATTENDANCE! Your commitment to attend all the sessions and workshops will benefit both you and your peers. Establishing and participating in an on-going peer-to-peer network is also vital to the learning process. Graduates of previous cohorts have reported additional benefits from this networking. In addition, we suggest all admitted companies provide their company logos to post on our website Lookbook page.

When does Funnel Two Begin?

Funnel Two training sessions began in April 2024. Funnel One training sessions will begin in Fall 2024.

What Is the Funnel Two Framework?

As the website shows, five main sessions are scheduled on Tuesdays from 4:15 p.m. to 5:45 p.m. The last session will occur in June. Three workshops are scheduled on Thursdays from 4:30 to 6 p.m. The exact dates of the workshops can be found here. Technical assistance will be offered on a selective basis subject to business adviser availability and program resource limits.

All sessions will use the Zoom platform and be held virtually.

Is There a Training Fee?

No. The Travis County Purchasing Office HUB Program and the IC² Institute at UT-Austin are sponsoring this training free-of-charge. The Small and Minority Business Resources (SMBR) Department of the City of Austin and the DBE/SBE Program of the Capital Metropolitan Transportation Authority provide additional financial support.

What is the Application Process?

An on-line application and submission are required. (The application has additional instructions.) Applicants are asked to provide general business and personal information, approximate business revenue, and public bid award experience. ONLY COMPLETED APPLICATIONS WILL RECEIVE CONSIDERATION. Applications for Funnel Two are closed; however, applications for Funnel One will open in Fall 2024.

Is My Application Information Confidential?

Yes. We will hold all application information in confidence and share it only with key project staff.

When Will You Decide on My Application?

Admission decisions are made on a rolling basis. Once an application is submitted, the project staff notifies applicants about their status and may request additional information or clarification, if necessary. We urge applicants to apply early with all their required information. We will admit 25-30 businesses for the training.