Since the inception of UCLA Social Enterprise Academy (SEA), over 85 not-for-profit (NFP) companies have worked alongside students to develop new revenue generating ideas within the frameworks of our current 20-week program. Regardless of the size or complexity of the new venture, SEA staff understand the difficulties of implementing new projects when resources are tight. Therefore, in fall of 2020 SEA is is once again creating the Phase 2 Accelerator for graduates of our basic Academy. The product of an innovative partnership between UCLA, the Academies for Social Entrepreneurship (ASE), and Startup UCLA, the SEA Accelerator Program will provide the five NFPs selected to participate with custom coaching to secure the financial and operational resources need to implement their social venture. The program will provide mentoring in venture implementation from selected UCLA alumni and members of the broader entrepreneurial communities, direct access to investors, human capital in the form of student interns, and a multitude of resources from Startup UCLA to include a coworking space and cash credits to various online platforms within a 10-week program beginning in early October and completing in mid-December.
The components of the SEA Accelerator Program will be:
Ø A Business Plan Assessment to detail areas of need or unclarity that must be resolved to move forward. This review will inform the plan for action during the program and the selection of mentors.
Ø At least three Cohort Gatherings to provide information on topics of shared interest and the opportunity to cross-pollinate.
Ø A mentor, who will be experienced either within your specific industry or a “process” specialist (think human resource, logistics, market research financing etc) to guide the implementation process.
Ø 4-6 UCLA students assigned to your NFP, based