Are you a UMD student or alumni with an entrepreneurial spirit who is focused on doing good by building new value and competitive advantage while addressing community needs through new business development which considers not only profitability, but also the business’s impact on the environment and people in the society? The Do Good Accelerator is seeking innovative social impact-oriented projects and ventures for its new Scale Your Impact Program. UMD students and alumni who are working on advanced and innovative solutions to social issues affecting our world and our future can submit a proposal to be awarded up to $10,000.
Scale Your Impact provides aspiring entrepreneurs with mentoring, exposure, and up to $10,000 in prizes to transform ideas into businesses that will have positive real world impact.
Four applicants whose proposals show strong impact, significant vision and innovative ideas will receive $2,000 and be given the opportunity to pitch in front of a panel of Do Good Accelerator investors and stakeholders. All four finalists will receive mentoring, access to networks, and other necessary support from the Do Good Institute’s faculty, staff, and partners. These teams will then become a part of the Do Good Accelerator’s new growth and development cycle, leading to even greater reach and impact across the United States and around the world.
The finalist demonstrating significant impact and innovation will be awarded up to $8,000 in additional funds (based on the ability to demonstrate need) – for a total of up to $10,000 to support the advancement of their project or venture.
Applications should be submitted no later than October 31. Click here to start your application.
The long-term aim of these events is to support the growth of the most promising organizations originated from UMD students, faculty and staff. Participants may also receive priority admission to the Do Good Accelerator Summer Program. The Do Good Accelerator works to support advanced, innovative, and impactful social projects and ventures.
Who Should Apply
University of Maryland students and alumni who have developed innovative ideas for social ventures that provide viable solutions to specific problems.
Proposals will be evaluated based on how impactful, insightful, feasible and executable their ideas are. The proposal should be a fit for an investor who is seeking:
Both competitive returns and positive social and/or environmental impact
Risk management that is commensurate with the target returns
Transparent performance metrics for both the financial and social return
Clear linkage between program outcomes and social impact
Plan for how proceeds will be used and plans for ongoing fund raising, revenues and expenses
Contact information and affiliation with the University of Maryland
Proposal Submissions Due: October 31, 2018
Email to Kisha Logan, Manager Do Good Accelerator (email@example.com)
*A review committee led by the Accelerator Manager and consisting of faculty, staff, and community partners will review all applicants and select four applicants to receive $2,000 and the opportunity to pitch for an additional $8,000.
Final Pitch Contestants Announced: November 9, 2018
*Four finalists are selected and invited to present to a panel of investors and stakeholders. Finalists will provide updates about their projects and have the opportunity to receive additional advice, coaching, and funding.
Pitch Event: November 13, 2018 (at the Do Good Accelerator)
*During the Pitch Event, four finalists will present their projects to a panel who will judge the pitches and recommend best next steps for each of the four organizations, including awards of up $8,000 in funding for one finalist.