Get $10K to Accelerate your Social Impact Startup
Join our 8-week Impact Accelerator and receive $10K in seed investment, expert mentorship, and part-time workspace at Impact Hub, CIC Boston. Pitch to the local innovation community on Demo Day.
Best practices, tools and mentorship to grow your social impact startup
Apply a proven social entrepreneurship framework including MIT’s “Disciplined Entrepreneurship”, Google Venture’s “Sprint”, “Theory of Change”, HubSpot’s “FlyWheel”, Drift’s “Conversational Marketing”, Village Capital’s “VIRAL” frameworks and more to grow your social impact startup. Receive expert mentorship and community support to guide you through the process.
Apply the “Disciplined Entrepreneurship” canvas to assess your startup’s progress and identify areas for improvement.
Understand key characteristics that lead to high performing teams. Define your decision-making process.
Apply Village Capital’s VIRAL framework to evaluate your startup’s stage / progress. Learn to communicate your startup’s stage, milestones and metrics to investors.
Set your Objectives and Key Results, “a management methodology that helps to ensure that the company focuses efforts on the same important issues throughout the organization” as defined by John Doerr in “Measure What Matters”. This methodology has been successfully applied by Intel, Google, Amazon, Bill Gates Foundation, LinkedIn, Twitter, Spotify, Adobe and Accenture.
Apply tools to rapidly test your hypotheses and validate key assumptions.
Define your social impact startup’s purpose, values and culture using the “Team” canvas. Understand your team’s strengths and identify any gaps you’d like to fill.
Apply Sprint to design and test a prototype with customers to validate key product assumptions. Develop a product plan based on feedback received.
Refine your value proposition, core and competitive positioning.
Refine your go-to-market strategy and design your customer acquisition process applying HubSpot’s “FlyWheel” framework and Drift’s “Conversational Marketing” framework.
Evaluate various business models to maximize value creation for your customer and align timing of value creation with your payouts. Compute your startup’s unit economics (LTV and COCA) to validate it is a sustainable in the long-term.
Develop your Theory of Change with clear impact metrics to communicate your social impact with all stakeholders.
Apply Andy Raskin’s “Strategic Storytelling” framework to develop your strategic narrative. Prepare to pitch your social impact startup to the local innovation community on Demo Day.
Develop a fundraising strategy and identify best-fit funding sources. Learn about crowdfunding options available.
Pitch to the local innovation community in Boston. Launch a crowdfunding campaign (optional).
What participants say?
Marianna Novellino, MIT Masters in Systems Design & Management 2015
BonBillo helped increase my network… The network that BonBillo offers on mentorship, presenters, people that help you build your team and work on your soft skills as a leader. It’s something that you don’t find everywhere.
Cyrus Sabouri, Babson MBA 2018
BonBillo was an opportunity to apply an approach and get some good feedback to see if there is viability in an idea. This is about whether there is commercial viability for a startup.
Rhea Advani, Founder of Indriya
It’s really difficult to get so many experts together over a short period of time and learn so much from them. It was really valuable information we got with a lot of real life examples. It was great to have people tell you this is how it’s done – we’ve all been through it and there’s a way to structure it no matter where you are in the process.
We make an offer to take an equity stake in your social impact startup (typically 3-7% equity) in exchange for the investment and accelerator program. Individual offers are made based on several factors including your startup’s stage of progress.
Equity Back Guarantee
In order to reduce risk for entrepreneurs, we offer an equity back guarantee subject to certain limitations. Teams may repurchase their equity stake at the purchase price within 3 days after the end of the Accelerator program if they deem that the program has not provided value to their company.
Who is the program for?
Social impact startups that have already gotten customer validation and are refining their product, customer acquisition strategy, business model and investment pitch.
Social Entrepreneurship Platform
Launch your startup at your own pace. Join our community using online lectures, quizzes, milestone deliverables and feedback, group webinars, discussion forum and tools to research, design, build, test and collaborate on their social impact startups.
Get $10K to Accelerate your Social Impact Startup. Pitch to the local innovation community on Demo Day.
30th March 2019 – 25th May 2019
Now accepting applications. Deadline to apply is 24th March 2019.