Through the Impact Innovations program, participants work with the Idea Foundry team for a period of up to 6 months, depending on the maturity of the idea or company, to accelerate the process towards launch or growth. The Impact Innovations program for international companies includes 2 tracks: Capital & Services or Services-Only.
Capital & Services Track:
This program offers Idea Foundry's time-tested combination of hands-on, individualized business development services and cash investment. Business development services include the completion of a personalized work plan, with weekly or bi-weekly progress meetings with the Idea Foundry team. Work plans typically consist of 2-3 main projects, in line with the priorities and needs of the company. The Idea Foundry team acts as an extension of the entrepreneurial team, conducting hands-on research and projects, which could include competitive analysis, product roadmaps, U.S. market exploration, analysis of sales channels, and pricing analysis, among others. The services of the work plan are valued at $15,000 which forms part of the overall loan.
The capital track includes up to an additional $10,000 in cash investment to provide participating companies some financial flexibility in implementing their growth plans. This amount and the value of the services are combined into a total loan of up to $25,000 USD.
This program is a prudent option for less-mature companies which may not pass due diligence requirements for investment by a U.S. entity. Additionally, companies seeking quality business development services, but without the need of cash investment, can reduce their overall loan amount by choosing the Services-Only track.
This track includes the same individualized business development services mentioned above, without the additional cash investment. The total loan for this track will be $15,000 USD.
Our loans are entrepreneur-friendly, with agreements tied to the business entity, without collateral or personal guarantees. We know that it is risky to work with startups, and we are just as committed to the business's success as another team member. For more information about loan terms, please reach out to firstname.lastname@example.org.