Propel Nonprofits, with support from Otto Bremer Trust, is pleased to announce a new social enterprise accelerator program beginning in the summer of 2022 for Minnesota nonprofits that are developing an earned revenue stream to support the mission of their nonprofits.
Donor Name: Propel Nonprofits
State: Minnesota
County: All Counties
Type of Grant: Accelerator
Deadline (mm/dd/yyyy): 06/16/2022
Grant Size: $5,000
Details:
Propel is accepting applications from Minnesota nonprofits that have recently launched, or are on the brink of launching, a new social enterprise initiative and want to network with peers and coaches in a cohort setting to refine the business plan and implementation of their project.
The goal of the Social Enterprise Accelerator Cohort program is to assist nonprofits in the successful launch or growth of a social enterprise, with the long-term goal of building the sustainability of nonprofits to further their missions. The program is designed to achieve this goal by addressing common challenges for social enterprises, and to foster learning that can be applied in the real world. The program combines developmental training, staff technical assistance, business plan support, and grants to support the social enterprise.
What You’ll Receive
- Six sessions (5 half-day, cohort-based trainings (some in person/hybrid and some virtual) and one one-on-one coaching session) that are complemented by expert business consulting and technical assistance to help nonprofits explore social enterprise.
- The learning sessions will invite participants to refine their business plans and to continue to launch, test, pilot, and grow their social enterprise by continuing to refine their market analysis, competitive analysis, marketing, financial capacity, legal structures, and operations.
- Sessions will build upon the components of the organizations’ business plans, and participants with continue to hone their plans and continue to implement them during the cohort.
- The cohort participants serve as peer reviewers and supporters.
- Participating organizations receive a planning/implementation grant of $5,000 that can be used to support some staff time and for piloting, equipment, or specialized consulting or professional services for the social enterprise product or service.
Funding Information
Grant Size: $5,000
Eligibility Criteria
An ideal candidate:
- Recently launched, or is on the brink of launching, a new social enterprise initiative.
- Is a 501(c)(3) nonprofit.
- Is located in Minnesota.
- Has an operating budget between $300,000 and $5,000,000.
- Serves low-income communities of color, Native communities, or immigrant communities, or is focused on reducing poverty or creating jobs.
- Is eager and interested in participating in, and contributing to, a cohort of organizations to explore and evaluate earned revenue opportunities as peers and learning partners.
- Has a board, leadership team, staff, and volunteers ready and willing to invest the time and energy needed to explore social enterprise. Participants (at least 3 and up to 5 from each organization) must include the ED/CEO, at least one additional staff person, and at least one board member who can attend at least two of the sessions (July 14 and the November coaching session).
For more information, visit Propel Nonprofits.
