Social Innovation Fast Pitch 2012 Grants and Investments
**UPDATE: see new expanded award listing here**
For our second year in operation, SIFP will have a minimum of $150,000 in grants and investments to distribute to winning contestants of both nonprofit and for-profit organizations. Specifics of the grants and investments are subject to change, but are targeted as follows. Note that participants will be competing for these grants in "tracks," compared to peers in the track and not to one another. More on tracks here.
Grants to non-profit entities: Either established 501c(3) organizations, or those seeking NFP status, or those with an established 501c(3) as a fiscal agent:
- One $25,000 grant for Best New Innovation from an Established Organization.
- One $10,000+ grant for Best New Innovation from an Early-Stage Organization. This grant will increase in size as we raise money over the coming months.
- $5,000 in grants for Youth Ventures: Ventures started and run by high school and college-age individuals who are currently enrolled as full-time students.
- $10,000 in grants for innovation in targeted areas, including an Audience Choice Award, to be announced.
Investments in for-profit entities: Either customary LLC or C-corps, or emerging L3C or B-corps, in all cases with a clear requirement of social mission alignment with the business, as further explained in the FAQ here.
- One $150,000 investment fund*, to be invested in one or two organizations depending on stage of maturity and other investments already attained, and subject to customary investment due-diligence processes.
* Note that the investment fund will be operated independently of Social Venture Partners Seattle by a group experienced in creating and managing such funds. No money donated to Social Venture Partners Seattle, 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, separately from the judging process of the Social Innovation Fast Pitch.