As a Frontier Market Scout, this summer I’m exploring social entrepreneurship with the capital city as my home base. Luckily, DC has a lot of activity in the impact investing space, not to mention tons of nonprofits that are looking for innovate ways to solve world problems, and government agencies of all types.
After one week of training at the Monterey Institute of International Studies, I returned to DC to spread the word about upcoming Village Capital events and to actually meet entrepreneurs whose innovative ideas may change tomorrow’s marketplace.
As a Finance Associate, I spent the first week helping out at the Points of Lights/Village Capital Civic Accelerator. In the middle of three months of training and support, the teams were here in DC for workshops on topics like hiring great employees and creating effective organizational charts to financial models and authentic voice. It was fantastic to see all the enthusiasm of the teams and how much their pitches improved over just a couple of days. The final pitch session for the week was four minutes of presentation and four minutes of questions in front of an audience of conference attendees. The questions came from:
Cliff Burrows, Group President, Starbucks
Joe Sibilia, CEO, CSR Wire
Chris Simmons, President, PwC Charitable Foundation and Managing Partner, PwC
Sonal Shah, Senior Fellow, Case Foundation
At the end of the pitches, the audience voted for the Best Pitch, Most Impact, and Most Fearless. Public Lab, Jubilee Project, and Village Defense won, respectively. Below are the teams – please check out their websites as they all had great stories and interesting problems to solve. Great job to all the Points of Light/Village Capital staff that run the Civic Accelerator!
Cornell University graduates have had a strong presence in the Civic Accelerator with UBelong, winning Cohort 1, and Practice Makes Perfect, in Cohort 2. Go Big Red! So as round three opens up for entrepreneur applications in mid-July 2013, hopefully the tradition will live on.
With Village Capital having an office here in DC, I’ve been able to catch up with staff particularly at their Village Capital Mondays happy hours. While the venues and people are different each week, the conversations are always interesting with former Frontier Market Scouts, entrepreneurs from previous programs, and other guests. Informative presentations are anticipated to be added in the future. Conversations topics have covered a wide spectrum of global activity. Examples include updates on Development Marketplace (World Bank) programs in Egypt and India, how Social Impact Bonds are being used in New York City, and a 2013 Presidential Innovation Fellow talking about her work in open data initiatives. Hope to see you at the next Village Capital Monday!
Civic Accelerator Cohort 2 Ventures
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About the Civic Accelerator
Points of Light and Village Capital have partnered to launch the Civic Accelerator with founding support from the PwC Charitable Foundation and Starbucks Foundation. The Civic Accelerator supports and invests in for-profit and nonprofit startups from across the country that put people at the center of social, environmental and economic change.