Recipients Generate Millions in Market Revenue While Serving Social Needs Created by the Trico Charitable Foundation in 2011, the biennial Social EnterPrize celebrates Canadian social enterprises that demonstrate best practices, impact and innovation. Social enterprises are organizations, for-profit or not-for-profit, that blend financial success and social impact by using markets to solve social problems. The […]Read More ›
Impact8 Health: Applications Now Open!
Apply now to be a part of Impact8’s spring 2014 cohort, supporting innovations in health and healthcare.
Last fall, the MaRS Centre for Impact Investing piloted Impact8: a venture bootcamp dedicated to accelerating social ventures to a greater stage of investment readiness. Our first eight companies were fantastic, and benefitted greatly from the education, mentorship and advisory support that the two-month program offered. It was inspiring to see in action the progress made between day1 and demo day – and we’re still working with each of them, and following them closely to see what successes are in store.
We learned volumes from the first program – thank you Grantbook, Learning Bird, Local Buttons, RainGrid, Lucky Iron Fish, Sumac, Detailing Knights and Sunfarmer for being our guinea pigs! — and we are now ready to apply those learnings and do it all over again with a brand new cohort, focused on innovations in healthcare.
We loved having such a diverse group of ventures first time round. But from the beginning we had been considering what value could be added if we narrowed our impact focus, and brought together entrepreneurs working on solutions to similar or related challenges, as well as the right partners with specific sector expertise, and investors looking for particular social outcomes. Globally, we’ve seen counterpart impact accelerator/venture support programs start to focus in on specific issue areas, with positive results.
The sheer volume of applications we received for the first cohort gave us the confidence to do just that – so, applications are now open for Impact8 Health!
The Spring 2014 cohort, running from April through June, will support innovations that empower individuals to be in control of their health and well-being, enabling living and aging well at home and in the community. In particular, this Impact8 cohort targets ventures that promote:
- Staying healthy
- Remaining at home with a health condition
- Supporting health and life transitions (e.g. between hospital and home)
- Transformative models of care and support
- Strengthening family caregivers and their communities
- Tools for empowerment, enabling access to information and education, and better self-care
Partnering for impact
What makes accelerators accelerate? For one, partnerships that bridge to the local commercial sector. Impact8 is built on the strengths of our partners and contributors: the core competencies of a number of teams and individuals within MaRS Discovery district, and our corporate partners RBC, TMX Group, BDC, KPMG, and Miller Thomson, contributing curriculum expertise and advisory services to participating ventures.
Impact8 Health is excited to bring on an additional sector partner: Saint Elizabeth is a national healthcare provider with a commitment to encourage and invest in social innovation, entrepreneurship and sustainability to achieve their ultimate goal of impacting people, their health, their communities, and the health system. Graduates of Impact8 Health will be eligible for long-term support through investment and/or strategic partnerships with Saint Elizabeth.
Sound good? Apply now!