Impact Ventures is a 3 month Social venture accelerator program in the South Bronx

 

Sessions start in FEBRUARY 2019

APPLICATION DEADLINE IS January 6th, 2019

APPLY NOW

Impact Ventures is a 3 month social venture accelerator program in the Bronx. Impact Ventures is designed for social changemakers who have big ideas on how to create a better world for the Bronx and the world. We look for applicants who are passionate about creating a better world through their business. 

You’ll go through a Lean Startup curriculum that will stress test your startup idea and business model and prepare you for growth. 

Startup Challenges that we’re accepting applications for:

  • Healthcare
  • Education
  • Financial Empowerment

 

What you’ll get:

  • $10,000 prize
  • Business training and curriculum
  • Network of mentors, investors, and customers
  • Community of fellow entrepreneurs who are passionate about solving problems
  • Platform to grow your startup idea

   

The entrepreneur and the business meet these criteria:

  • Passionate about solving a problem in their neighborhood and the world
  • Passionate about creating a better South Bronx
  • You’re a doer
  • Entrepreneur of Color or Female preferred

To get the most out of the program, participants are asked to invest their time to engage in the following:

  • Must commit to all 3 months of programming 
  • Participate in out-of-class activities, including completing assignments, attending networking events and business support clinics (approx. 8 – 10 hours per week)
  • Create a business growth plan over the course of the program

Sessions start in FEBRUARY 2019

APPLICATION DEADLINE IS January 6th, 2019

APPLY NOW

Interested in being a Mentor? Apply here

Mentors and Speakers

 

Fall 2018 Cohort

 

HumbleBee

HumbleBee is a startup that helps teachers engage students in the classroom while rewarding performance through prizes. www.humblebee.tech

CollegeBridge Cafe

The College Bridge Café (CBC) is a not for profit organization seeking to create an active college and other post-secondary education options access center in the Bronx. www.collegebridgecafe.org

3rd Wind Network

3rd Wind Network is a startup that helps recent retirees live an engaging life through events and activities to tackle the needs of the growing recent retiree population. www.3rdwindnetwork.com

Upstream Storybooks

Upstream Storybooks creates innovation, social equity, and sustainability curriculum for students to tackle the need for innovation education. www.upstreamstorybooks.com

FreeSpot

FreeSpot is an app that helps people offer and receive free stuff to tackle the global waste problem. www.downloadfreespot.com

Havensent

Havensent sends resources to immigrants in need via e-mail or text, within a data platform for immigrant-serving organizations to better assess community needs and use their resources more efficiently. www.havensent.herokuapp.com

CollabTrade

CollabTrade is a financial education platform that helps more people learn about investing and making it more affordable through collaborative group trading. www.collabtrade.io

 

Some FAQs

  1. What days and times does the program run?
    • It will most likely run on Tuesday evenings from 6-9pm starting February 2019. There are 10 sessions and a demo day. You must complete all session to be eligible for the prize.
  2. Where is it located?
    • The program will be located in Hostos Community College on 149th Street and Grand Concourse
  3. Can we bring food or will there be food provided?
    • We do provide a meal for the program participants
  4. Can we work full-time and participate in the program?
    • Yes! Everyone who participated in the first cohort was working full time
  5. What happens during the sessions?
    •  There is typically a guest speaker who is a social entrepreneur or expert in a particular topic.
    • Each entrepreneur presents on a specific part of their business model canvas.
    • Group feedback on individual startups
    • Talks on how to build a startup
  6. What do we have to do between sessions each week?
    • Every person has to prepare a weekly presentation on a part of the business model canvas
    • Every startup has to interview at least 10 potential customers on their startup
  7. What type of startup idea are you looking for?
    • We look for three things: Real Entrepreneurs, Real Problems, and Real Solutions
    • The entrepreneur needs to know and understand the problem inside and out. The entrepreneur should have experienced this problem and is passionate about solving it. We also look for entrepreneurs who care about the Bronx and who are either from the community or have a strong connection to it. 
    • We like to see that the problem is something that is facing the community and world around us. We want to know that you understand the facts about the problem as well and are not simply going off of your feelings. 
    • Finally, we want to know that your idea is unique and innovative and actually has the potential to become a startup and work towards solving the issues in the community. 
  8. What’s the end goal for the startups that enter into Impact Ventures?
    • We want the entrepreneurs to enter into Impact Ventures with an idea on how to solve their problem and turn that into a startup. By the end of the program we want the entrepreneur to have a clear understanding of the various parts of their business and how to hit the ground running and make money while making an impact.
    • We want the business idea to be viable and operational within 6 months of the completion of the program.