Miller Center for Social Entrepreneurship Accelerator Program is currently accepting applications for the year 2022.
Because of your outsized influence on poverty reduction, Miller Center is accepting submissions for its Accelerator programs from businesses focusing on women’s economic empowerment and/or climate resilience.
You’ve come to the right place if you’re the leader of a mission-driven social company wanting to grow a proven impact model. The Miller Center’s internationally acclaimed, Silicon Valley-based accelerator programs assist executives in developing scaling strategies and preparing for next-level financing.
Together, they will find and solve gaps and opportunities in your firm, as well as design an action plan to realize your vision for organizational development, using a proven curriculum and accompanied by excellent executive mentors and leadership coaches.
The Miller Center Accelerator is for high-potential social companies with a track record of success that focus on women’s economic empowerment, climate resilience, or the convergence of the two.
This 6-month accelerator program combines mentoring with a structured curriculum to assist social entrepreneurs to identify and fix gaps in their impact model, business model, and development strategies, eventually leading to growth, considerable size, and funding.
- Impact Model: Problem statement. Theory of change. Beneficial outcomes. Solution validation. Customer adoption and usage rates.
- Business Model: Unit economics, average selling price (ASP), gross/contribution margin. Revenue and expense drivers. Breakeven point, profit and loss (P&L), and cash flow. Baseline business growth rate.
- Marketing & Sales Strategy: Target market, opportunity size, local market dynamics, value proposition, and channel. Sales efficacy/efficiency. Product differentiation, competitive barriers, market expansion.
- Growth Plan & Financial Forecast: Strategic initiatives. Critical technology, capacity requirements. Projected efficiency/efficacy of results.
- Scalable Operations: Key measures/key performance indicators (KPIs) and reporting results. Quality and reliability metrics. Capacity requirements, automation. Organizational structure.
- Fundraising Strategy & Plan: Funding amount. Type of Capital. Use of Funds. Investor ROI and impact ROI. Due Diligence Folder.
Miller Center for Social Entrepreneurship Accelerator Program Eligibility
- Become a senior executive (e.g., CEO, Executive Director, Managing Director).
- Be able to communicate in English.
- Have constant and dependable access to the internet.
- Have the time to commit to the program’s 6-month length, which requires an average of 4-6 hours each week.
- Committed to improving the lives of poor people by tackling one or more of the United Nations Sustainable Development Goals.
- Is there a social business that supports women’s economic empowerment, climate resilience, or the junction of the two?
- It is dedicated to growing its solution well beyond existing operations.
Has been in business for at least a year and is currently supplying goods and services to clients.
- Has a yearly earned income of at least $20,000 USD (or local currency equivalent) and is not wholly reliant on donations or grants.
- Has at least three full-time, salaried workers (or equivalent).
- Has a financial runway of at least three months.
- Climate Resilience: Social enterprises address the needs of those living in poverty who suffer disproportionately from climate change. Their climate resilience focus areas fall into one of the following three categories:
- Energy – providing access to affordable, reliable, sustainable and modern energy.
- Water – ensuring availability and sustainable management of water and sanitation.
- Climate-Smart Agriculture – implementing sustainable food production systems and resilient agricultural practices to increase productivity and production.
- Women’s Economic Empowerment: Social enterprises that have a focus on women’s economic empowerment can be identified through one or more of the following areas (ideally all four):
- Social Enterprise Leaders: The primary participant identifies as female and is a founder, CEO, or other top-level leaders with decision-making authority.
- Employees: The business model intentionally creates more jobs for women within the enterprise.
- Value Chain Contributors: The organization creates increasing business opportunities for women along its value chain (e.g., using a village sales agent model that is more amenable to women villagers’ lifestyles or buying products made by women).
- Customers: Predominantly female customers by design. In this case, “customers” refers to those who are positively impacted by the enterprise.
How to Apply for Miller Center for Social Entrepreneurship Accelerator Program
Participants are chosen on a rolling basis. The sooner you submit, the faster you’ll go through the selection process and have a greater chance of being approved. Apply now to guarantee your position!
Click here to apply
Deadline: Rolling Basis
Visit the official website for more information.
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