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Social Entrepreneurs and Changemakers of Greater Philly Message Board › Social Enterprise Incubator - Applications Due Aug 1!

Social Enterprise Incubator - Applications Due Aug 1!

Julia
user 87654182
Philadelphia, PA
Post #: 2
GoodCompany Ventures has joined forces with The Wharton Social Impact Initiative and the City of Philadelphia’s Office of New Urban Mechanics to tackle community stability. This fall, they will launch the second cycle of an accelerator designed to spur the growth of early stage, market-based ventures with innovative approaches to issues such as recidivism, mental health, network analytics, neighborhood surveillance, and vacant land, among others. The top 10 applicants will receive a $10,000 stipend, an opportunity to refine their business models with subject matter experts and strategy and finance consultants from Wharton, inclusion in a synergistic cohort of world-class entrepreneurs, and access to $100,000 in pilot projects directly with the City of Philadelphia. Applications are due Aug 1st. Read more from Forbes here or apply now: www.fast-fwd.org.


More Info:

On May 16th, we graduated the first cohort of FastFWD entrepreneurs, borne out of a partnership between the City of Philadelphia, GoodCompany Ventures and the Wharton Social Impact Initiative, which was formed after winning a $1mm prize from Bloomberg Philanthropies’ Mayor’s Challenge. Our top three graduates have now been selected to pilot their innovations with the City of Philadelphia, and are poised to make a notable and measurable impact on the areas of recidivism, re-entry and community safety.

The first cycle of the FastFWD project brought to light the enormous opportunity for – and entrepreneurial response to – innovation around public safety. As such, we are excited to continue to expand our view of public safety to include broader stability of communities in FastFWD’s second cycle. For cycle two, we welcome applicants who look not only at reactive approaches to improving public safety, but also those who are innovating to be proactive in overall community stability. Additional focus areas highlighted by our research include substance abuse, housing stability, and youth and gang violence; however, as in the last cycle, we welcome entrepreneurial solutions to addressing any need within public safety. And, again as in the first cycle of FastFWD, we are looking for solutions that are viable not only in Philadelphia, but in cities worldwide. Please see the individual issue pages on our website for additional information on each of the new focus areas.

Here are the key benefits of FastFWD:

• Unprecedented opportunity for entrepreneurs to collaborate with cities to develop, cultivate and deploy solutions to pressing local and national problems.

• Access to expertise - selected entrepreneurs work with subject matter experts and end users from the City of Philadelphia, as well as finance experts from the Wharton Social Impact initiative to refine their business models.

• Access to capital - selected entrepreneurs receive non-equity fellowships, qualification for $100,000 in pilot funding, and preparation to attract venture investment.

• $10,000 stipends per accepted team and access to $100,000 in pilot funding with the City of Philadelphia


The Fine Print:

Applications will be open from May 16th, 2014 - Aug 1st, 2014. After a rigorous screening process, selected companies will undergo an intensive 12-week incubation, from September 11th - December 11th, during which they will have opportunities to refine their business models under the guidance and mentorship of legal counsel, investors, industry experts and fellow entrepreneurs-in-residence, among others. Upon graduation of the program, each company will be ready to launch and/or receive funding, pitch their product to an international community of angel and institutional investors, and pilot directly with the City of Philadelphia.
Michael A.
user 3211051
Philadelphia, PA
Post #: 4
Hi,
Any update for 2015 for this program?
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