SBA growth accelerator grant ($50K grant)
Here is the slides sent for the $50K SBA grant. Tanya & Thomas both helped me out with this. Remember this is a grant I am not presenting anything so I need to get enough info out there & not be too "artsy in my presentation" & I was limited to 10 slides.
https://docs.google.com/presentation/d/138ERJTZXV_Hu4-ie6-9bOuivaGiLIo8fbOPt5pQEbpE/edit?usp=sharing
here is a brief of what was required for the initial application:
MISSION & VISION
1. What is your accelerator’s mission (in one sentence)?
2. What specific elements make your accelerator model stand out?
3. What experiences prepare your team for this?
IMPACT
1. What gaps does or will your accelerator fill? (Geography? Underserved communities? Industries?)
2. What are the specifics of your model and how will it accomplish the above?
3. For existing accelerators what metrics do you use and what have been your successes to date?
4. For existing accelerators, what are the overall statistics of your start-up life cycle (entities that have grown, become commercially viable, and had a sustained economic impact)? Please provide clear examples of success stories.
IMPLEMENTATION
1. What is your plan for the prize money if you win?
2. If you are an existing accelerator using the funds to scale up, provide details of current operations, phases for scale up and website; OR
3. If you are creating a new accelerator, provide basics of business plan and phases for implementation.
4. Aside from the founding team members, what do you look for in staff?
5. What are the largest risk factors you see?
METRICS
1. What are your fundraising goals or metrics? (aside from the 4-to-1 match)
2. Aside from metrics required by SBA (see below), what are 5 key metrics you will use to self-evaluate?
3. What does success look like?
Fallow up after we make it through the prelims:
Follow-Up Requirements
REQUIRED METRICS TO BE REPORTED AT THE 3, 6, 9 MONTH AND 12 MONTH
1. Jobs created (both in the actual accelerator team and in the startups within the accelerator)
2. Funds raised or dollars invested
3. Start-ups launched
4. Progress of startups towards graduation
5. New start-ups in queue
6. Qualitative impact on community
7. Outside funding raised
8. Corporate Partnerships obtained
OTHER REQUIREMENTS FROM WINNERS
- Must add SBA logo to web site as recognized funder
- Must announce winning via social media with recognition of SBA, #sbaaccelerates
- Must make themselves available to provide success stories and participate in events as needed
- Allow for SBA participation in Demo Days and other events
- Securely share bank account info with the SBA so funds can be transmitted electronically
fingers crossed that we make it through prelims.
Thanks,
Peggy
Margaret Smoot · Sat 30 May 2015 10:12PM
I got my confirmation e-mail that SBA received my application while I was writing up the above. :)