The Points of Light Civic Accelerator "CivicX" is the first national accelerator program and investment fund in the country focused on "civic ventures" -- for-profit and nonprofit early stage ventures that include people as part of the solution to critical social problems. The 10-week, boot camp-style program convenes 10-15 teams in person and online with the goal of equipping each venture to seek investments and scale their social innovation.
Curriculum from industry experts on revenue generation, funding strategies, and customer acquisition
Work and learn from entrepreneurs from around the country
Connections to impact investors, business leaders, social enterprises and strategic partners
Two most promising ventures each receive a $50,000 investment
Assist ventures post-graduation with growth strategy, funding connectionsand strategic advice
“The Civic Accelerator enabled Hello Tractor to build deep connections with likeminded peers and mentors as part of a network to help us grow and succeed.”
“The Civic Accelerator, along with our cohort members and mentors, helped push us to clarify our message, open ourselves to critical feedback, and forge strategic goals that will propel our business forward. We are incredibly grateful for the diversity in our cohort and support of the CivicX team.”
“The Civic Accelerator team delivers great value to investors. Their innovative and rigorous boot camp significantly upgrades both the business models of the ventures and the management competencies of the entrepreneurs. The result is a portfolio of investment ready civic ventures. We’ve already invested in one venture and look forward to investing in more.”
Stay up to date with the latest Civic Accelerator program and alumni news in addition to helpful social entpreneurship resources.
Special thanks to our sponsors, supporters and partners.
The the Points of Light Civic Accelerator is seeking innovative social ventures that are working to create greater, more accessible pathways to economic opportunity in communities across the U.S. For more information, please see Elibility below.
The Points of Light Civic Accelerator was founded with support from the PwC Charitable Foundation and The Starbucks Foundation, in partnership with Village Capital. Program sponsorship provided by Capital One, U.S. Small Business Administration, Vodaphone, Hilton Worldwide, Dentons and Singing for Change.
Both Points of Light and Village Capital are separate, stand-alone 501 (c)(3) nonprofit organizations. We have a shared mission around supporting social entrepreneurs which brought us together to launch the Civic Accelerator program.
Yes. We are agnostic to legal structure and instead focus on the mission and impact that a social enterprise can have on the world.
At the conclusion of the Civic Accelerator program, two teams will be selected to receive $50,000 investments each, with the decision being made by the entrepreneurs themselves. If the team is a for profit, the investment will be made as an 8 percent convertible debt note, at a 20 percent discount or convertible to 7.5 percent equity after two years. If the team is a nonprofit, the investment will be made as a revenue share agreement tied to earned (unrestricted) revenue. All returns from these investments will be reinvested in future startups participating in the Civic Accelerator program.
No, the Civic Accelerator does not charge for participation. Ventures are, however, responsible for their travel and lodging expenses during the program. Travel stipends and some hotel accommodations are available for selected ventures, and most meals during the program are provided by Points of Light.
The Civic Accelerator is a 10-week program, bringing together two- to three-person teams from across the U.S. We plan to convene the entire cohort of 10 to 15 teams for three four-day sessions or retreats over the course of the 10 weeks. In addition, teams will be grouped based on their geography, paired with local mentors and required to meet weekly (through virtual mediums) during the times when they are not together as a single cohort. Find out more about the Civic Accelerator schedule.
Applications for the Spring 2017 Civic Accelerator program are due March 2, 2016. You can apply and find more information on our Apply page. If you have any questions, please don’t hesitate to contact us.
Reach out and say hello, we'd love to hear from you and the learn about the problems you're solving.