United Way of Metropolitan Dallas is taking innovation to a whole new level starting from the ground floor. The GroundFloor, an accelerator fund and program that provides investment, mentorship and other resources to innovative existing and start-up organizations, supports social entrepreneurs who are working to make an impact in North Texas in the areas of education, income and health. The GroundFloor launched in 2013 and targets social innovation endeavors that would not typically be eligible for a grant funds through United Way’s highly competitive Community Impact Fund process.
Candidates, nonprofit and for-profit firms, are selected for support from the GroundFloor through an application process. Only a select few of innovative companies or fellows, on the brink of creating or expanding the next big idea, are selected. These social innovation fellows predominantly focus on delivering new products or services that utilize innovative ways to help reduce poverty or improve health across North Texas.
The GroundFloor provides its participants with a three-pronged investment:
- Financial capital, for seed and early stage ventures;
- Human capital in the form of an intensive program led by mentors from the areas of entrepreneurship, academics, public policy and the social sector;
- and Social capital, by connecting the GroundFloor’s participants with resources from more than 1,000 United Way corporate partners and more than 80 service providers.
Click here to apply or to learn more.