Venture Competition

The ISOKO venture competition is seeking proposals from for-profit companies and nonprofit organizations.

Application Submission Timeline

February 28, 2018 - May 31, 2018

APPLICATION PROCESS

Please limit answers to these questions to no more than 500 words each.

1

What is the social or community need that your proposal seeks to solve?

2

What is the innovation you will advance as a remedy to this problem or problem set?

3

How will you produce an economic return to investors?

In the months of February and March, Sagamore will hold two training sessions helping companies and nonprofit improve their plans for social impact and economic return.  The training materials will also be made available online featuring the Social Business Model Canvas described in the book, Business Model Generation.

COMPETITION TIMELINE

OPENS - February 28, 2018
CLOSES - May 31, 2018

 

The application screen will be live on February 28, 2018 and the deadline for submissions will be May 31.  In the months of February and March, Sagamore will train and help companies and nonprofit improve their plans for social impact and economic return.

APPLY HERE

50 Semi-Finalists Selection - June

 

During the month of June, COMMONWEALTH RALEIGH will convene an investment committee to select no more than 50 semi-finalists.

Between July 1 and August 31, the semi-finalists will receive $500 each to produce a 5-page online diligence form proving the methods to fulfill their proposal’s goals.

 

Finalist Selection - September

 

The selection committee will study the semi-finalist proposals in September and select 10 for a shark tank-type event to be held in October.

The selection committee will work with event judges to select a Grand Prize winner receiving a $100,000 investment and a Runner-Up receiving a $50,000 investment.

 

Winners Selection - October

 

The selection committee will work with event judges to select a Grand Prize winner receiving a $100,000 investment and a Runner-Up receiving a $50,000 investment.

 

All successful proposals will be featured on an online ISOKO marketplace organized by subject categories (eg, solutions to the food desert crisis).  Sagamore will also produce a report featuring all of Central Indiana’s key social problems, the most promising innovations in solving those problems, and clear guidance on how companies can produce social impact and economic returns for investors.