2016 MISSION ACCELERATOR
CLASS SELECTED

 

In May 2016, Mission Capital and the Notley Fund hosted Philanthropitch and awarded $139,000 across eight nonprofits, five of which gained entrance into the Mission Accelerator.

 
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MISSION ACCELERATOR BRINGS VENTURE CAPITAL TO AUSTIN’S SOCIAL SECTOR

After a competitive application process, eight organizations were selected to pitch at Philanthropitch Austin on May 2. This high-energy event serves as a platform for Austin’s most promising nonprofits to present and seek funding for a unique idea that addresses a specific community need. Each organization had three minutes to present their case for support and the opportunity to be accepted into the Mission Accelerator, Austin’s only nonprofit accelerator. To cap off the night, $139,000 was granted and five nonprofits were selected to be part of the 2016 Mission Accelerator class.

We’re thrilled to shine a spotlight on these incredible, mission-driven organizations that are addressing some of Austin’s biggest challenges in literacy, education, healthcare, job training and more.

 
 
 

Over the next five months, teams from these organizations will partner with Mission Capital consultants and Social Venture Partners, who are business leaders and entrepreneurs serving as advisors to the teams. Working alongside these advisors, nonprofits refine, pilot, test and implement their business growth plans and develop an investment prospectus or case for support.

Each Mission Accelerator participant also receives $3,000 in seed funding at the end of the program. In October, participating organizations will have an opportunity to pitch for additional funding and continued investment from Mission Capital’s Social Venture Partners.

“This year’s finalists come from nonprofits big and small, and they represent a variety of services. But what they all have in common is that they have an innovative solution to a pressing community need. These organizations are thinking like entrepreneurs – they have a vision for growth and huge potential for impact. Now they just need a strategic investment to turn their vision to reality.” Kiki Johnston, Chief Innovation Officer, Mission Capital

This is the third year of Mission Capital’s Accelerator program. Past graduates include Caritas of Austin, E3 Alliance, Easter Seals Central Texas, Explore Austin, Fusebox, Mothers’ Milk Bank at Austin, Multicultural Refugee Coalition, Society of St. Vincent de Paul, and WeViva.

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We connect nonprofits to our consultants, local social entrepreneurs and business leaders to work together on complex community issues.

 
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Austin American-Statesman
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On May 2, the fourth annual Philanthropitch awarded $139,000 in awards to eight nonprofits.

 
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