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.