The REDF 2012-2013 Social Enterprise Academy is a twelve-month program uniquely designed to help not-for-profit organizations employ members of their target population, while simultaneously diversifying their revenue sources. This Academy is sponsored by REDF (www.redf.org), an intermediary and funder committed to growing social enterprises that employ those with special challenges. REDF’s core program provides grants and technical assistance to enable the growth of established California social enterprises. The Academy will support an additional eight organizations in determining the best earned income venture for their target population and in developing a rigorous implementation plan. The program combines teamwork, expert training and individualized coaching in a comprehensive approach to successful new business development.
Congratulations to the following organizations which were selected to participate:
Downtown Women's Center
Interfaith Community Services
Pacific Asian Consortium in Employment (PACE)
San Diego Second Chance
United Job Creation Council (UJCC)
United States Veterans Initiative
Teams from each of these organizations are attending six, full-day work sessions, which in combination with individualized coaching, will guide participants in identifying and vetting a product or service which has strong market potential and complements the organization’s mission, assets and client competencies. In conjunction with the development of their business plan, participants are also given a mentor to support them in creating a 10-minute “Pitch” which they will deliver to potential investors during the Academy Showcase. Following the Showcase, team leaders from each organization will continue to meet on a monthly basis to refine their plans and resolve challenges encountered during the launch process.
Stand by for some great new social enterprises!
Academies for Social Entrepreneurship creates an eco-system of support that nurtures entrepreneurship and innovation in nonprofit organizations. Our "ASE In-the-News" section shares our on-going work and upcoming events.