Thursday, August 27, 2015

Agora Partnerships, Accelerator Program for Entrepreneurs...

... creating social and/or environmental impact in Latin America and the Caribbean

CRITERIA

Agora is looking for passionate entrepreneurs leading high-growth companies that are:
  • Intentionally creating social and/or environmental impact in Latin America and the Caribbean
  • Earning annual revenues ranging from $50K – $2MM
  • Seeking external investment
  • Legally incorporated as a for-profit structure with basic accounting systems in place

APPLICATION

APPLICATION: submit your application by 11:59pm EST Sunday, October 4, 2015
(the Application should take around an hour to complete)
INITIAL EVALUATION: all applications are reviewed by Agora staff and our selection committee
INTERVIEW: strong applicants will be invited to a Skype interview
FINAL EVALUATION: some applicants will be required to attend a second interview or submit additional information to allow our selection committee to reach their final decision
FINAL DECISIONS ANNOUNCED: Tuesday, December 15, 2015

COST

  • Time commitment to the Accelerator consulting (average 4-5 hours per week, March – August) and Accelerator events (1 week March; 3 days later in the year).
  • Travel to two international events: Entrepreneur Retreat (March 2016, Nicaragua) and Deal Room Conference (3 days, date and location tbd). Please be aware that flights could be costly depending on where you are located.
  • US$950 program fee per company: includes Retreat attendance for 2 representatives from each company.
More than 95% of the cost of participating in the 2016 Agora Accelerator is covered by Agora’s funding partners, which include the IDB-MIF, UN Foundation, and Argidius Foundation. In other words, less than 5% is covered by the entrepreneur.
——
“Participating in the Accelerator was the best investment of money and time that I could have made for Mi Taton” -Tamara Bardasano, Founder and CEO of Juguetes Mi Taton (Class 2014)

WHAT WE EVALUATE

THE ENTREPRENEUR:
The ability of the entrepreneur to lead and grow the company is critical; entrepreneurs should therefore demonstrate:
  • Agora’s core values: agency, empathy, curiosity and perseverance
  • Knowledge of their own limitations and where they require help
  • Dedication or willing to work full time on their companies
THE COMPANY:
We evaluate the company from an investor’s perspective. We are best positioned to work with companies that have:
  • A strong management team
  • An innovative business model, product, and/or services with demonstrated traction
  • Identified market needs
  • A sustainable growth plan
  • Average investment needs of US$300K (ranging from $50K-1MM) within the next 18 months
THE IMPACT
We look for companies that:
  • Create shared value for all stakeholders
  • Integrate impact within their models, so that as the company grows, so does the impact
  • Have clear, sustainable and measurable impact

This material is cross-posted from the Peace and Collaborative Development Network, http://internationalpeaceandconflict.org and appears to be an interesting opportunity for the Humphrey community.   This is meant for information sharing purposes only. 
 
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