RADIUS Slingshot Accelerator invests $25,000 in each health-based venture
For the first time in Canada, RADIUS Ventures, a social innovation lab and venture incubator based at SFU’s Beedie School of Business, will invest $25,000 in each venture enrolled in its upcoming Slingshot Accelerator program. The new Slingshot Accelerator Investment Pool makes RADIUS the only social accelerator in Canada to offer direct, redeemable equity investments to every venture in its program.
The investment pool—made possible in part through the support of the Charles Chang Institute for Entrepreneurship—will act as a new source of pre-seed capital for entrepreneurs, helping to kick-start their fundraising efforts while complementing the program’s capacity-building and network-development offerings.
The social innovation accelerator program will focus on ventures that help people live healthy lives. RADIUS is specifically seeking early-stage entrepreneurs working on ventures that prevent chronic disease through creating or incentivizing healthy choices.
“Over the past four years, RADIUS has progressively honed its venture-based work toward greater system innovation,” says Donovan Woollard, co-director of RADIUS SFU.
“We are currently building and testing our methodology to understand, diagnose and act upon key societal challenges, starting with a two-year focus on community health.”
The intense 12-month cohort program develops ventures’ investment and market readiness, providing business and innovation acumen along with access to a strong network of mentors and peers. It also helps ventures develop financial, legal, and marketing and communication strategies. Successful candidates will also benefit from an expanded pool of services providers, technology interns, and other experts.
RADIUS’ Slingshot Accelerator and Trampoline Business Model Validation are both accepting applications for the 2017 to 2018 programs until Tuesday, June 20, 2017.