Two start-up groups, one nonprofit and one for-profit, have each won $50,000 from a new program designed to help social entrepreneurs expand organizations that mobilize people to solve social problems.
The groups—Generation Citizen, a nonprofit that works to promote youth activism through civics education, and Ubelong, a business that places volunteers in developing countries—were selected as most “investment-ready” by their peers after they all completed a 12-week boot camp, according to an announcement by Points of Light, a nonprofit that promotes volunteerism.
Points of Light developed the boot camp with Village Capital, a company that invests in entities with social missions.
Generation Citizen and Ubelong are among 10 start-ups that are participating in the “civic accelerator” program to promote social entrepreneurship. The program receives money from the PwC Charitable Foundation and the Starbucks Foundation. The other eight groups will receive $10,000 each.
Seeking New Groups
Points of Light and Village Capital will sponsor a second boot camp—to help groups get advice from experienced leaders and learn about finances—with 10 new start-ups this spring and are seeking applications by March 18.
Send an e-mail to Suzanne Perry.