Accelerator - Philanthropitch 2014: Q&A Session for Applicants


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  • IntroductionsReview of the Agenda
  • Accelerator - Philanthropitch 2014: Q&A Session for Applicants

    1. 1. APPLICATION Q&A SESSION March 6, 2014
    2. 2. Introductions • Greenlights Team • Tara Kirkland, Chief Programs & Services Officer • Steve Guengerich, Chief Innovation Officer • Kate Smallwood, Development & Membership Manager • Team • Chelsea Manning, Community Advocate Who is in the room?
    3. 3. A Unique New Partnership • Greenlights & have partnered to bring you Philanthropitch 2014 (April 28)! • an opportunity to pitch for a piece of $100,000 in cash prizes • a gateway to the new Greenlights Innovation+ Accelerator program • Designed to fuel growth through an infusion of financial and human capital
    4. 4. 4 Process Overview
    5. 5. What is the Accelerator? • A four-month blend of coaching, peer learning & networking, and consulting • Connects business and nonprofit experts with your leadership team to develop a business growth plan • Coaching on how to use the “investor-ready plan” to solicit capital – both from Accelerator partners and the broader philanthropic community.
    6. 6. Who is eligible? • Are you a Central Texas-based 501(c)3 nonprofit? • Do you seek to dramatically grow or replicate a program or service of your organization? • Do you have a track record of program success and clearly established demand for the program? • Have you completed an organization-wide strategic plan aligned with this plan to scale (w/in past three years)? • Is your organization financially stable? • Will you be able to participate fully in Accelerator activities? • 70-80 total hours of work by the nonprofit's senior leadership team during the months of May-August • Commitment from senior leadership to participate
    7. 7. Selection Criteria • Focused on solving big community problems in areas of demonstrated need • A vision for growing/replicating a program/service • Innovative solutions and/or business models • Leadership and financial stability and strength • Need for (and ability to effectively deploy) human and financial capital • Evidence of current program/services success • A home base and a set of existing programs/services in Central Texas • Ability to participate in 4/16 Pitch Workshop and 4/28 Philanthropitch event
    8. 8. Pitch Practice & Philanthropitch • Semi-finalists selected to attend Pitch Workshop • Event: April 16, 11:30am-1:30pm • Hosted and Sponsored by Capital Factory • Trainer: Joshua Baer, Executive Director of Capital Factory • Practice 2-3 minute pitch and receive feedback • Finalists selected to pitch at Philanthropitch • Finalists notified by April 18 • Event: April 28, 5:30-8:30pm at ZACH Theatre • Pitch for a piece of $100,000 in cash prizes and a chance to participate in Accelerator program
    9. 9. Q1 • Competitively select high- potential candidate orgs Q2-Q3 • Cohort intensive accelerator growth planning, mentoring, etc. Q4 • Fund, support, mentor, launch, monitor, evaluate 30+ applicants ~8 weeks Accelerator Pilot 2014 4-5 participants 12 weeks Graduation/ Pitch Event 1(+) selected “investees” 2-5 years
    10. 10. 10 • Program Growth Plan consulting project • Greenlights professional staff time • Interim and final deliverable(s) • Cash grant • Unrestricted, at program completion (graduation) - $3,000 • “Scholarship” in appreciation and recognition of time commitment • Automatically qualified for Investee residency application • Innovation+ human capital investment (MOU) • Additional financial capital to fund growth plan • Additional services & products • Greenlights membership/discounts • Attendance to SVP Annual conference in Austin, October • More, in development Accelerator Benefits
    11. 11. Applications reviewed and finalists chosen Down-select at Philanthropitch for Accelerator cohort, April 28 April May June July August Sept Cohort training #1: Launch, May 6/7 1x1 Mentoring Program overview & “growth mindset,” value prop validation Homework exercises (eg, lite diagnostic) Cohort training #2: Building your plan, June 18/19 1x1 Mentoring Plan design & development, adaptation of diagnostic Homework exercises Cohort training #3: Going to market, July 16/17 1x1 Mentoring Plan validation & financial modeling, change mgmt Homework exercises Final cohort meeting: Pitch practice, August 20 1x1 Mentoring GL consulting team debrief & plan fine- tuning (Make-up) Graduation / pitch day, September 8 Negotiation for multi-year Investee MOU Time In-class: 8 hrs 8 hrs 8 hrs 8 hrs 3 hrs Out of class: 15 hrs 15 hrs 15 hrs 15 hrs 10 hrs Calendar of Activities
    12. 12. Main objective: Ensure each participating organization’s program/service to be scaled is “investment ready.” Upon completion, participants should: • Have a detailed growth plan for the program/service to be scaled • Be able to articulate plan in a succinct, inspiring way for potential investors • Understand the fundamentals of a sustainable business model for the organization in general, and the program in particular • Have made personal and professional connections that will help grow and scale their ventures What is Success?
    13. 13. Program deliverables: The assets that are granted or produced by participants during the program, including: • Diagnostic (lite) • Detailed program/service growth plan • PPT (for storytelling/pitching) • “Dehydrated” written plan • Access to financial capital • $3,000 (all) and Partner Fund (1-2 investees) • Roadmap/introductions for funding • Cohort of peers • Mentor/subject matter expert network What is Success?
    14. 14. 14 March 31: Application Deadline April 16: Pitch Workshop (semi-finalists) April 28: (finalists) May 6: Accelerator Program Kickoff (participants) September 8: Accelerator Graduation & Investee Selection Event Save These Dates
    15. 15. Apply by March 31, 2014