Village Capital set out to find what works for local entrepreneurs in a one-year pilot experiment called VilCap Communities. The initiative tested versions of the VilCap model through local accelerators, incubators, seed funds and other entrepreneur-support organizations in more than two dozen communities in and outside the U.S.
Programs that focused on regional strengths brought in funding more quickly and attracted higher quality entrepreneurs.
Eleven of the 26 local programs were unable to reach their fundraising goals for the programs, reports Village Capital, and none got by without philanthropic funding.
“An incubator is a part of the city’s infrastructure, and we’re not in it to make money,” said Antony Seppi of the Hamilton Mill in Cincinnati, where the cohort of entrepreneurs focused on water.
Entrepreneurs in Portland, Maine, bolstered the city’s ecosystem of health startups, while those in Antigua, Guatemala focused on agriculture.
Since you are interested in Social Enterprise, have you read these selections from Giving Compass related to impact giving and Social Enterprise?
Looking for a way to get involved?
Learning with others and benchmarking are key steps towards becoming an impact giver. If you are interested in giving with impact for Impact Investing, take a look at these events, galas, conferences and volunteering opportunities to connect with individuals like you.
Are you ready to give?
Impact Investing is an important topic. Other members found these Giving Funds, Charitable Organizations and Projects aggregated by Giving Compass to be relevant to individuals with a passion for Impact Investing.