After running the Nonprofit Accelerator for just under a year now I've learned a few important things about my customers. They had the pains I thought they did, but they had other pains that were really important also, such as:
- I don't have any ideas to put into your accelerator OR...
- I don't know which of my ideas I should pursue OR....
- Six months is a long time commitment for key team members when I don't even know if the idea can work and yet...
- At the end of the six months there is still a lot of polishing to do...
Meanwhile, I had greatly underappreciated just how much the nonprofits valued the sharks & mentors.
So, today I am proud to announce version 2.0 of the Nonprofit Accelerator that takes into account what my customers have taught me. First of all, it splits the accelerator into parts:
Part 1: IdeaJam (1 half-day session)
Feeling light on innovative ideas? IdeaJam provides you a list of your organization's super powers (AKA assets, skills, and connections) and their potential for unrestricted revenue.
Part 2: HitMaker (2 full-day sessions)
Unsure which of your ideas to enroll in the Accelerator? Hitmaker gives you a rank ordering of all your ideas based on their potential and risks.
Part 3: Customer Discovery (Every other week for 4 months)
Before committing the significant resources to turn your idea into a full-fledged program you need to know there plenty of people ready to pay for the thing you wish to sell! The Customer Discovery training provides the tools, mentoring, and introductions you need to secure the evidence.
Part 4: Funder-Ready (Every other week for 4 months)
People want what you have to offer, but how do you cost effectively make your offering and find your customers? Who do you need to add to your team? How will you fund it?
Pilot Design students graduate with a fleshed out business model, a plan for their pilot, and get to pitch to a panel of funders who, if impressed, will provide you seed funding to launch.
The next IdeaJam is coming up in July, so if you know any nonprofits that are making the creation of unrestricted revenue a priority, please feel free to share the updated website: www.UnrestrictedRevenue.com. Thanks!
HatTip to Birton Cowdan for the great name for the IdeaJam events!