Deadline: 1-Sep-22
Applications are now open for ADAPT: Social Innovation for a More Resilient Future to Support individual and community resilience in the United States.
The program is designed to help startups identify early milestones, prepare for their next round of capital (if relevant), and meet potential investors. In short, through virtual and in-person workshops, they deliver a targeted, award-winning curriculum and provide countless connections to prepare startups for growth.
Types of Startups they are Recruiting
- Disaster Preparedness: Insurtech and other solutions that help community leaders build plans to prepare for, respond to and recover from climate-related and other natural disasters.
- Financial Preparedness: Startups that amplify community-based financial solutions to help communities prepare for macroeconomic shocks and economic uncertainty.
- Financial Health: Solutions that help individuals and families manage day-to-day financial needs, face unexpected financial challenges, and seize opportunities for improved financial security and economic mobility.
- Health and Wellness: Startups that improve access to healthcare, fitness and mental health services for low-income individuals that are traditionally priced out, and for individuals who belong to historically underserved groups.
- Economic Opportunity: Startups that are creating pathways to local, tech-driven jobs in sectors like green jobs and healthcare.
- Work and Learning: Solutions that help people find jobs, advance in them, and prepare for the future of their careers, from college graduates to those re-entering the workforce.
Benefits for Startups
- Mentorship: Opportunities to network and receive mentorship from investors, strategic partners, founders, and business leaders.
- Connections: Build deep connections with other founders in your track and the larger Village Capital investor and alumni network. Participate in mock board meetings with representatives from relevant institutions, corporates, and investors that can help their organization scale.
- Training: Three interactive workshop weeks tailored to help their company identify early milestones and prepare them for their next round of capital (if relevant).
- Advice: One-on-one coaching with an investment analyst focused on building a financial model, identifying unit economics, and on using financial metrics to drive both their business and investor diligence.
- Exposure: Exposure on Village Capital’s program website and other communications collateral.
- Peer Selection: Top two (2) companies from each track will be selected by their peers to receive grant capital of USD $50,000 to further scale their solutions.
Eligibility Criteria
- Legal incorporation as a for-profit entity
- Headquarters or operations in the US
- Market-based solution that tackles social resilience challenges
- A minimum viable product (MVP), and raised less than $1.5M in equity
- At least one full-time founder based in the US
- Meaningful customer or business validation (not limited to revenue, it can also be successful pilots, number of users, and/or strategic partnerships)
For more information, visit https://vilcap.com/programs/adapt-innovation-for-social-resilience-united-states#about-practice