This story originally appeared in our May 5, 2011 e-magazine. Click here to subscribe.
Incubators and accelerators can assist start-up social entrepreneurs to make key connections, raise funds and get great advice. We look at five programs that provide these tools.
An incubator for founders of start-up organizations, this two-year fellowship provides a grant of US$60,000 (INR 2.7m) for individuals and US$90,000 (INR 3.9m) for two-person partnerships that is paid in four equal installments over two years. The fellowship also includes stipends for health insurance and professional development.
This all-expenses-paid summer fellowship brings together 25 entrepreneurs from around the world to work and live with 60 mentors including Acumen Fund, First Light Ventures and Good Capital. During the program, fellows will receive legal services, skills training and consulting. At the end of the institute, fellows will pitch their ideas to investors and foundations.
This two-year fellowship aims to find and support entrepreneurs who have solutions to “big problems in health, poverty, and conservation in the Third World.” The fellowship includes a weeklong ‘design-for-scalability’ course with a formal redesign of the model every six months, mentoring, facilitated networking and a US$10,000 (INR 440,000) annual stipend.
This new technology incubator from Google is only active in South Africa for the time being. Participation includes free office space and internet bandwidth for six months as well as funding – a minimum of US$25,000 (INR 1.1m) and a maximum of US$50,000 (INR 2.2m) – from angel investors and Google. Teams will also receive mentoring from Google’s network.
This yearlong program, based in Mumbai, offers seed funding, coaching and training and networking. UnLtd India has developed three different support levels from entrepreneurs wishing to keep their day jobs to enterprises that are looking to grow. The funding varies from INR 80,000 (US$1,800) at the first level to up to INR 2,000,000 (US$45,000) at the third level.
Photo credits: Echoing Green, Unreasonable Institute, Rainer Arnhold Fellowship, Umbono and UnLtd India