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GoodCompany Ventures Launches 2011 Social Impact Incubator

Applications Now Being Accepted

GoodCompany Ventures Launches 2011 Social Impact Incubator

Applications Now Being Accepted

Published 03-04-11

Submitted by GoodCompany Group

GoodCompany Ventures (GCV) is pleased to announce that it is now accepting applications for the 2011 Social Impact Incubator.

GCV was the first to adapt the venture industry's incubator model to the needs of social entrepreneurs and its Social Impact Incubator has developed the most rigorous program and an unequalled record of success.
    
Applications will be evaluated on a rolling basis through our Early Decision Deadline of April 15th. For more information about the program and the application process, please visit http://www.goodcompanyventures.org.  
  
Selection: GCV will select a class of 8-12 entrepreneurs developing innovative, market-based solutions to unmet social needs. We look for new ideas from around the world  and past classes have included entrepreneurs from the UK, India and China. Each class will be selected to included innovations across a range of social concerns, including CleanTech, Education, Public Health, Social Finance and Community.  

Training: Our entrepreneurs will work together for the summer in our space in central Philadelphia. The program is structured around a ten-week curriculum designed to optimize each project's business model and prepare the entrepreneurs to meet the expectations of the investment community. This work is supported by expert speakers from the national venture community, MBA Fellows from leading business schools and experienced entrepreneurs who serve as Mentors.  

Success: The program culminates with an Investor Showcase in mid-September. In 2010, over 100 angel and early stage investors attended our Investor Showcase and  over 50% of our companies that sought funding closed rounds within six-months.

Our graduates set the standard for social enterprise. In 2010, our  graduates won the Skoll/DIYA prize in India, the MIT Social Media prize and the Wharton Africa prize. Two were selected to launch at DEMO and one was named by Business Week as one the Top 3 Social Enterprises in the nation. Their social innovations have been featured in national outlets including ABC News, BBC, CNN, Discover Magazine, Huffington Post, the New York Times, TechCrunch, VentureBeat and USA Today among others. 

Costs: There is no cost to participate in the incubator. GoodCompany Ventures is a non-profit supported by the venture capital community whose members underwrite the costs of the program. The Social Impact Incubator is the only national incubator program that does not charge fees or take equity from its participants.
   
We believe it is a privilege to work with the most inspiring social entrepreneurs in the world. We seek to foster a culture of service and collaboration within the incubator and feel it would be inconsistent with that goal to enter into an investment relationship with our entrepreneurs before they have received the benefit of our training.  
  
About GoodCompany Ventures 

A GoodCompany pursues both profit and purpose. GoodCompany Ventures is a non-profit defined by the needs of the emerging social enterprise sector. The GoodCompany Ventures 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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