Edovo and Good Company Ventures have/had a generic relationship

Accelerator alumni Edovo
Host of Good Company Ventures
Start Date 2013-00-00
Notes For the 2017’s accelerant class, GoodCompany has changed the model slightly: Climate Ventures 2.0 is aimed specifically at startups that target the threat of climate change on farming and waterways. The participants will work with USAID’s Global Innovation Exchange, and pilot opportunities in the Rockefeller 100 Resilient Cities program. The program grew out of work GoodCompany did with President Obama’s Climate Data Initiative. It’s the second time GoodCompany has run its accelerator around a particular set of problems. In 2013, it launched FastFWD with the Wharton Social Impact Initiative and the city of Philadelphia, with a $1 million grant from Bloomberg Philanthropies. That program accepted young companies that took on public safety issues—including Textizen, a text-based reminder system for the formerly incarcerated; and Chicago-based Edovo, which creates tablet-based education platforms for prisons. Ten startups will ultimately take part in Climate Ventures. The application window opened up last month, and closes on March 15. Guess how many do-gooder companies have applied to get accelerated by GoodCompany? Hint: it’s more than the number of Spartans who fought at Thermopylae. “400 have applied,” says GoodCompany managing director Catherine Griffin. “And we’re expecting a lot more. You know how startups are, they tend to wait until the last minute to get applications done and make sure everything’s perfect.” Of those applicants, GoodCompany will select those that fits its close criteria: A workable social good-to-potential-cash-making ratio, experience in the field their startup seeks to operate in and a very particular stage of its infancy. The elevator pitch, says Griffin, has to be fully-formed enough that it can attract early investments—“friends and family money,” she calls it—but the startup can’t yet have any major outside investors. To be accelerated by GoodCompany, she says, the startup has to need it. They’re not interested in shepherding youngish-companies to more profitability; they’re looking for precocious neophytes who couldn’t survive the game without help. They want to help build socially aware businesses virtually from the ground up.
Updated over 3 years ago

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