Since launching last summer and selecting 16 social entrepreneurs for its first class of start-up ventures, Phoenix-based business incubator SEED SPOT has helped create 20 new legal entities and 17 full-time jobs in Arizona. The first round of ventures included Jon Irons' SitGreen, an eco-friendly furniture company, and Robert Thornton's Paper Clouds Apparel, a shirt company that raises awareness and support for the special needs community.
Now, SEED SPOT is looking for another 20 ventures to support through its hands-on program of workshops, mentorships, and more.
Applications for the SEED SPOT program will be accepted through July 30 and are available online.
Interested entrepreneurs should have ideas that are "social" in nature -- in other words, "products, services, or technologies that improve the lives of people or communities on a local, national, or global level." And the business model can be either for-profit or not-for-profit but must be able to demonstrate a strong revenue model. Ventures also must show that they currently are generating less than $250,000 in annual revenue. And applicants must live in Arizona.
Selected ventures participating in the full-time program will be admitted into a rigorous five-day-a-week, four-month curriculum. The program will include mentorships, general resources, and training. Entrepreneurs will have access to office space and a network of local and national industry experts. SEED SPOT charges a $2,500 up-front fee for the program, which covers about one-third of the cost, and offers solutions to help businesses with the initial investment.
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SEED SPOT will also be accepting an additional 40 ventures to their evening program, designed for entrepreneurs who might also work full-time. This is a four-month program offered on Monday nights from 5:30 to 7:30 p.m. and costs $750.
For more information about SEED SPOT, the curriculum, or to apply for either program, visit the SEED SPOT website.