This year, Propeller’s Social Venture Accelerator will also offer a specific track for 3 Fellows solving water challenges (i.e. urban water retention/flood mitigation, water pollution, and coastal restoration) in the 10-month Propeller Accelerator. In addition to all program components (consultants, mentors, pro bono assistance, and free co-working space) of the Social Venture Accelerator, Fellows will also receive $5,000 in cash for seed funding, provided by the generous support of the Greater New Orleans Foundation through The Idea Village. Seed funding may be used for venture-related equipment, contracted personnel, and business-related travel (with Propeller’s approval).
Deadline to Apply: August 1, 2014
Fellows may be legally organized as a for-profit or non-profit. However, only for-profit ventures will be eligible to pitch for a $10,000 cash prize during the Water Challenge Day on Monday, March 23rd, 2015, at the New Orleans Entrepreneur Week.
Eligibility and Selection Criteria:
Entrepreneurs are the right fit for this program if they have an innovative technology, product, and/or service that provides a more efficient, cost-effective, and/or sustainable means of solving a water challenge in Louisiana - from urban water retention, water quality, to coastal restoration.
Selection Criteria:
Entrepreneurs are the right fit for this program if they have an innovative technology, product, and/or service that provides a more efficient, cost-effective, and/or sustainable means of solving a water challenge in Louisiana - from urban water retention, water quality, to coastal restoration.
Selection Criteria:
- Financial Sustainability: Entrepreneur has a plan for financial sustainability and earned revenue, including identification of paying customers. We will give priority to products and/or services that can be commercialized and are scalable.
- Environmental Impact: Entrepreneur has an idea or business to solve a Louisiana water challenge at scale and has a plan to measure environmental impact
- Entrepreneurial Leadership: Entrepreneur has shown commitment to the idea and shows credibility in the field and in entrepreneurship.
Eligibility Criteria:
- For-profit or non-profit business venture or idea that addresses water retention/flood mitigation, water quality, and/or coastal restoration.
- Located in Southeast Louisiana (eligible parishes include: Orleans, Jefferson, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist, St. Tammany, Lafourche, Terrebonne, Tangipahoa, or Washington)
- Demonstrates knowledge of water sector.
- Have the ability to attend programmatic events
Questions? Interested in applying? Please contact Andrea Chen, achen@gopropeller.org.
504.345.9836 Phone