Impact Innovations Program

The Impact Innovations Accelerator transforms business ideas into fundable startups which generate positive societal impact through the disruptive nature of innovation.

Applications open:
Application deadline:

The Impact Innovation Accelerator Program provides funding and support to develop very early stage commercially viable ideas to the point where they can be launched.  During the Program, participants work with the Idea Foundry team, who have deep expertise in launching organizations as well as commercial business experience, and our advisors, which include seasoned business executives and leaders.  An individual participant in the program receives up to $10,000 in cash and $10,000 in program services.

The services are customized for each participant and outlined in a Workplan which is completed throughout the 3-month program. We provide skills and knowledge through a structured process and tools to help develop the business model and focus on all aspects of the potential new business. We also utilize our network of technical, commercial, and financial resources to assist you now and in the future.

In addition to the services, the $10,000 in cash funding will be spent on resources used in developing the idea from a commercial perspective i.e. equipment, legal fees, etc. as required for development. We provide the financial support to pay the bills while you concentrate on building your start-up and accessing capital to take you to the next level.

Focus areas

Since inception, Idea Foundry has been operating a unique Accelerator model which is today encompassed under the Impact Innovations and Equitable Entrepreneurship brands. Our focus areas have evolved with the changing needs and priorities of the region. While the innovations and businesses we work with address specific and often complex problems, they create an impact in areas which are basic societal necessities.

Economy

Education

Environment

Food and Agriculture

Health

Safety & Security

Eligibility requirements

  1. Applications based on a formulated idea for which necessary research has been completed and initial development has resulted in a prototype or detailed design specification are preferable to less mature concepts as they better fit Idea Foundry’s model during this awarding program.
  2. Applicants should either reside in or be prepared to reside in Pennsylvania and must be committed to continue working there.
  3. Applicants must have the intent that any new company formed will be based in Pennsylvania.
  4. Applicants must be willing to commit to working within the guidelines of the Program for the length of the Program.
  5. Each applicant must commit appropriate time resources for the development of his or her Idea during the Program and beyond.

How to apply

We are currently not accepting applications for this program. Nevertheless, we encourage interested parties to reach out and have meetings with our team in the meantime.
  1. Idea Foundry accepts inquiries for the Impact Innovations Accelerator on a rolling basis throughout the year.
  2. Please reach out to us through the Inquire form with a brief description of your idea and needs. Our staff will get back to you to you on whether to schedule a Vetting Meeting with us.
  3. Only if you have completed a Vetting Meeting and you are advised at the end of that meeting to submit an application should you proceed with the remaining steps.
  4. Each team member must fill out a Startup Team Member Profile so that we can collect resumes/CVs, contact information, and other information to help us understand you better.
  5. If your business's commercial entity has already been formed, please fill out a Startup Profile.
  6. Complete and submit the Impact Innovations Application.
  7. Idea Foundry conducts multiple rounds of evaluation over the course of approximately 2-4 weeks, which includes due diligence on the company, to identify applications that express appropriate ideas and market focus, are adequately completed, and are otherwise eligible to continue in the process. We take into consideration the disruptiveness, feasibility, and impact of the business. Our staff will be in contact with applicants throughout the application process to notify them of their progress.

Recent news