The Problem

In the U.S., 43% of households cannot fully afford a monthly budget of basic human services including food, housing, healthcare, transportation, and childcare, which requires families to make costly decisions and trade-offs. This perpetuates the fact that more than half of Americans have little or no savings at all and are not able to save or invest in their future, let alone withstand financial shock.

How might we accelerate financial resilience and economic mobility for all to succeed in the innovation economy?

The Solution

The Fall 2018 Civic Accelerator – a 10-week entrepreneur boot camp and investment fund – will accelerate innovative, scalable ventures that improve financial outcomes, spur economic mobility and prepare families for financial success in the 21st century economy through:

Inclusive Financial Health

Financial education, Affordable digital tools and internet access, Financial counseling, Access to social networks, Soft skill development

Financial Resilience Pathways

Budgeting tools & training, Savings products & incentives, Debt reduction methods, Affordable access to credit, Pathways to asset building & home ownership

Opportunity through Innovation

Work-ready skill development, Access to “gig economy” jobs, Employer savings/support products, Portable/co-op benefits and services, Talent matching platforms

Ready to Apply?

The CivicX Model

EDUCATION

Curriculum from industry experts on revenue generation, funding strategies, and customer acquisition.

PEER LEARNING

Work and learn from entrepreneurs around the country.

MENTORSHIP

Connections to impact investors, business leaders, social enterprises and strategic partners.

INVESTMENT

Two most promising ventures each receive a $50,000 investment.

CONTINUED SUPPORT

Assist ventures post-graduation with the growth strategy,
funding connections and strategic advice.

OUR PROGRAM

135

Ventures selected and graduated in 11 cohorts since 2012

57%

Female founders/co-founders through unique selection model

1800+

Entrepreneurs screened with over 600 applications reviewed

OUR IMPACT

99%

Average increase in earned revenue and capital in first year of acceleration

18M

Individuals engaged (talent, voice, and money) by portfolio ventures

100%

Of founders report increase in startup skills & business fundamentals

ADVISE

LEND YOUR TIME AND EXPERIENCE TO POINTS OF LIGHT AND HELP US FIND, RECRUIT AND MENTOR CIVIC ENTREPRENEURS.

SUPPORT

Join us as an investor supporting civic ventures:
– Program Support
– Invest in Fund
– Pitch Night Sponsor
– Individual Team Sponsor

PROMOTE

Share our story and those of our ventures:
www.cvcx.org
@civicacceleratr

Key Fall 2018 Dates

August 24 – Applications Due at 5 p.m. EST

September 7 – Finalists Notified

September 11 – 13 – Finalists Interviews

Session 1 – October 16 – 19 – Atlanta

Session 2 – November 12 – 15 – Chicago

Session 3 – December 17 – 20 – Philadelphia

Partners and Supporters

About Points of Light

Points of Light is the world’s largest organization dedicated to volunteer service. The Civic Accelerator serves as a catalyst for innovation by supporting, investing and helping to grow the impact of social entrepreneurs and their ventures.

Notable Alumni

The following CivicX graduates are leading innovations in financial inclusion and economic mobility across the country.

Scalable platform delivering financial literacy to urban youth. Trained 10k+ to-date.

Improves loan performance for financial institutions by equipping them with the most relevant and comprehensive financial health resources.

A debt reduction model for student loans that funds the gap for education at lower interest rates.

Creates on-ramp opportunities for underserved New York youth to gain living wage opportunities in the tech sector.