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GoodCompany Ventures Announces Selections for 2010 Social Impact Incubator

GoodCompany Ventures Announces Selections for 2010 Social Impact Incubator

Published 04-28-10

Submitted by GoodCompany Group

GoodCompany Ventures Class of 2009

GoodCompany Ventures is pleased to announce the first two companies, one local and one from the U.K., selected to participate in the 2010 Social Impact Incubator.

The Social Impact Incubator selects entrepreneurs with innovative ideas for social impact and provides them intensive training and resources to develop a commercial model to implement and obtain funding to maximize their impact. It is free to apply to the program and free to attend for those companies that are accepted. GoodCompany Ventures is continuing to accept applications through May 10th and will announce participants on a rolling basis. For details on the Incubator and how to apply, visit www.goodcompanyventures.org.

The Urban Collective&trade (http://urbancollectiveproject.org/) project is a youth music social enterprise that empowers young people aspiring to a career in the music industry to write, record and promote original music for independent release under expert professional mentoring. In addition, Urban Collective builds a recording studio in each partner community center to facilitate ongoing recordings and audio production training. Since its launch in London in 2004, more than 500 young artists across the UK have collaborated to produce several released albums, an award winning feature film, documentaries, music videos and dozens of live shows and music industry showcases. Urban Collective is now looking to launch an American Urban Collective in 2010 / 2011.

GoodCompany Ventures is excited to help bring this proven social project for at-risk youth to Philadelphia and to work with the founders to develop a commercial framework to accelerate the development of Urban Collective sites in cities across the country.

GreenKonnect (http://greenkonnect.com/) is a community-powered search engine for the green building industry, connecting green builders with building products and materials. GreenKonnect allows industry professionals to save time and conserve resources by streamlining their building product research and acquisition processes.

GreenKonnect's founder, Jameson Detweiller, is also the membership director of Philly StartUp Leaders and his well known for his service to Philadelphia's entrepreneur community. GoodCompany Ventures is proud to have the opportunity to serve him and to provide a launch platform for his latest venture.

Both of these projects exemplify scalable strategies for delivering social impact through a potentially profitable business model. GoodCompany Ventures is excited about the quality of ideas and entrepreneurs that are applying to the second year of the incubator and looks forward to announcing additional selections in the coming weeks.

About GoodCompany Ventures
A GoodCompany pursues both purpose and profit. GoodCompany Ventures is a nonprofit defined by the needs of the emerging social enterprise sector. The GCV Social Impact Incubator identifies entrepreneurs with innovative ideas for social impact and helps them implement these ideas with the strategies and resources of the venture capital community.

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GoodCompany Group

GoodCompany Group

For entrepreneurs and investors who believe there is a better way, GoodCompany helps the most promising social innovators realize their full impact through applying rigorous analysis, deploying proven growth strategies and matching capital resources from the business and venture community.

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