NEWS RELEASE                                                                   CONTACT:                                   ...
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  1. 1. NEWS RELEASE CONTACT: Andrew Scott, Communications ManagerJuly 18, 2011 (202) 729 - 3218FOR IMMEDIATE RELEASE Acquires Sparkseed to Launch Innovative Millennial Fellowship Program Merger Leads to Extensive Growth in Networking Opportunities for Millennial Social EntrepreneursWashington, D.C. – Sparkseed, the leading incubator for Millennial social innovators, is joining forces with,to create a broader support network and investment vehicle for Millennial social, an organization that empowers and invests in Millennials to create and implement solutions to socialproblems, will integrate Sparkseed’s social investment strategy and training into its programming. The fusion will and Sparkseed’s efforts to launch successful Millennial-led civic ventures.“For the last three years, the Sparkseed team worked hard to do everything we can to support the next generation ofentrepreneurs by applying business principles to solve the world’s toughest problems,” Sparkseed founder Mike Del Pontesaid. “This acquisition accelerates Sparkseed’s ability to do just that.”As a result, the new Fellowship Program will be a 12-month virtual and in-person leadership developmentcurriculum that equips Millennials with the skills and resources they need to become civic entrepreneurs. Throughpartnerships with civic leaders, civic organizations and community institutions, the Fellowship Program trainsand prepares winners from each summit to successfully launch and implement civic entrepreneurial venturesin their communities and on their campuses.“We are ecstatic to include Sparkseed’s stellar network of thought leaders and its program model as part of’smission of investing in quality civic leadership,” said Maya Enista, CEO of “Mike’s valuable insight on ourboard of directors will be an incredible asset for guidance in our ability to support Millennial entrepreneurs.”After successfully completing the program, Fellows will have a fully developed project plan, including a 12-month timeline and budget, a personal or team mentor with experience that corresponds to their project and a financialinvestment to launch and support their civic venture.Since its inception, has funded and launched more than 34 Millennial-led projects that support initiatives tohelp overcome financial literacy for the Millennial Generation, environmental sustainability, and challenges young veteransface reintegrating into civilian life. Sparkseed has successfully supported more than 15 social ventures since the launch ofits pilot program in 2007.To join the conversation and to learn more, visit, follow the team on Twitter @mob_org, or join them onFacebook at empowers and invests in Millennials to create and implement solutions to social problems. Utilizingtechnology and social networking to connect Millennials on and offline, its national Summits conveneMillennials from around the country to discuss issues impacting the Millennial Generation and to develop sustainablesolutions to address them. ###