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OU Impact Accelerator

Opportunity for USA Jewish Nonprofit Entrepreneurs to Receive
Funding and Participate in a Mentoring and Education Program

Agency Type:

Foundation / Corporation

Funding Source:

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Orthodox Union (OU)

Deadline Date:

09/05/19

Description:

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Opportunity for USA Jewish nonprofit entrepreneurs that serve the North American Jewish community to receive funding of $25,000, and to participate in a mentoring and education program. The program supports ventures that provide services and goods to the Orthodox community in ways that are related to its unique cultural or religious needs and that might not otherwise be made available to the community.

The accelerator aims to address critical needs of the Jewish community through innovative solutions. The Fund looks for four main criteria when evaluating applications: communal need, innovation, maturity, leadership, and potential for impact.

The accelerator is a 10-month program that includes on-site seminars and personal training to expand ventures and their impact. The program will culminate with a community Demo Day to present  ventures to potential investors and community members. Requirements for completing the program include preparation, attendance, and active participation in on-site seminars as well as consistent and visible growth.

Recipients will receive:

  • Seed Funding
  • Office Space and Support: Work from the OU with access to meeting rooms, printers, and computers, as needed. Access OU program departments and resources for your venture.
  • Curriculum: Learn the essentials of building a business with on-site seminars and virtual learning
  • Mentorship: Receive guidance from successful entrepreneurs and professionals
  • Collaboration: Work with cohort peers and other community social entrepreneurs.

GrantWatch ID#:

GrantWatch ID#: 186611

Estimated Size of Grant:

The Accelerator awards the selected nonprofits with $25,000 upon successful completion of the Accelerator cohort.

Term of Contract:

This is a 10-month accelerator program.

Additional Eligibility Criteria:

Applicants must be a nonprofit organization that has a 501c3, is fiscally sponsored, or is looking to obtain status as a 501c3 or fiscally sponsored organization. Applications are accepted only from organizations that service the Jewish community.

While the nonprofit can be based in any US city, the entrepreneurs will need to be able to travel to the OU Building in NYC for on-site seminars, Demo day, and events.

Preference will be given to ventures that:
- Address critical needs of the Jewish community
- Provide innovative solutions
- Have been in existence for more than six months and/or has an initial proof of concept
- Are operated by tax-exempt organizations or plan to seek tax-exempt status

Pre-Application Information:

Applications are due September 5, 2019. Applicants must complete the application request form to receive the updated application.

Applicants must submit an $18 application fee with the application.

Timeline:
- Cohort II applications opened July 2019. Applications will be due September 5, 2019.
- Interview with the Accelerator selection committee: October 2019
- Pitch your venture to the Accelerator Executive Board: November 2019
- Cohort: Begin learning with a cohort of social entrepreneurs in early 2020

Overview: https://www.ou.org/accelerator/what-to-expect/

FAQ: https://www.ou.org/accelerator/frequently-asked-questions/

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Request an application: https://www.ou.org/accelerator/apply/

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

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