The SIFP Seattle 2011 program was open to social entrepreneurs and leaders of existing non-profit agencies for new and innovative programs. At the big public event on Oct 3rd, finalists competed for $200,000 in grants and investments.
Social Innovation Awards
Non-profit* finalists will compete for $100,000 in cash grants, awarded as follows:
Best Fast Pitch
|University: First Place||$5,000|
|University: Second Place||$2,000|
|High School: First Place||$2,000|
|High School: Second Place||$1,000|
Nonprofit and for-profit organizations and university and high school teams all compete for the "audience choice awards"
Social Innovation Investments
For-profit** finalists will compete for at least $75,000 of investments awards provided by a new social investment fund***. The investors will make either one or two investments with a minimum investment of $25,000.
For more details on Investments, see Investments Overview
Details are subject to change as we get more community and donor feedback, until seven days prior to our final submission deadline.
* to qualify for other than Audience Choice awards, with the exception of Ashoka-trained teams, entities must be established 501c(3) organizations, or those seeking NFP status, or those with established 501c(3) as fiscal agent.
** to qualify, entities may be organized as LLC, C-corp, L3C or B-corp, and must have a clear and significant social mission.
*** the social investment fund will be operated independently of Social Venture Partners by a group experienced in creating and managing such funds. No money donated to Social Venture Partners, for the SIFP program or otherwise, will be contributed to the investment fund, nor will any paid SVP staff members work on the creation or management of such fund. Investment decisions in for-profit companies will be made by the investors in the fund, separate from the judging process of the Social Innovation Fast Pitch.