Guest Post by Linda Darragh.
Need capital and support for your business that’s changing the world? Impact Engine is accepting applications for Impact 1. You’ll receive $20K in seed capital, mentorship, cool workspace, access to hundreds of potential investors and the opportunity to build your business alongside a class of entrepreneurs that share your passion for positive impact. The Impact Engine is calling for great entrepreneurs getting ready to start or already running early stage for-profit organizations that positively impact today’s societal and/or environmental challenges. Please forward this email to anyone who you think might want to know more.
The Impact Engine (TheImpactEngine.com) is a 12-week venture accelerator designed to help socially and/or environmentally minded for-profit companies move to their next level. Our first group of approximately 10 entrepreneurs, Impact 1, will be matched with experienced mentors, provided access to vetted legal and accounting professionals, given help in building their business models, assistance in landing early customers, ideas on growing their organizations and access to hundreds of investors on Investor Day.
Chuck Templeton (founder of OpenTable) and Arun Sivashankaran (seasoned entrepreneur and technical guru) will be working with the Impact 1 companies on a day-to-day basis, helping them think about how to best grow their business. Chuck and Arun are surrounded by an experienced team with an extensive network that will maximize the reach that each company has. The goal is to increase the chances of success for the entrepreneur/s and condense the timeline to market adoption for their organizations.
The Impact Engine is accepting applications for our first cohort (Impact 1) of companies until June 30th, for a class that runs from September to December. For more details, please go to www.TheImpactEngine.com or you can contact Chuck Templeton at [email protected]. There is an early application bonus so get your application in now.
Linda Darragh is the Director of Entrepreneurship Programs for the Polsky Center for Entrepreneurship and a clinical associate professor of entrepreneurship at the University of Chicago Booth School of Business.