NEW YORK, NY (July 1, 2019) – Acumen announced today in Impact Alpha that the Civic Accelerator program has joined the organization following a transition from Points of Light. The Civic Accelerator will be part of +Acumen to add to its expansive incubator and accelerator courses.
The Civic Accelerator, launched in 2012 as part of Points of Light, with founding support from the PwC Charitable Foundation and Starbucks Foundation, was the first national accelerator program and investment fund in the country focused on for-profit and nonprofit early-stage social impact ventures. To date, the program has graduated 146 ventures and invested $1,050,000 in diverse entrepreneurs and their teams.
+Acumen runs courses that have reached half a million social change-makers in 193 countries, and has also been building a number of its own accelerators, that unlike most other accelerators, are uniquely focused on social impact. These include a recently completed program in partnership with Unilever targeting social entrepreneurs focused on plastic waste management, as well as an earned income accelerator program that has been used by 116 nonprofits such as Heifer International, Accion and the United Way. The transition of the Civic Accelerator brings complementary expertise and resources to help Acumen support a broader spectrum of social impact entrepreneurs.
“We have taken on the Civic Accelerator because of its synergies with the work +Acumen is doing to support the builders of new social innovations”, says Jo-Ann Tan, +Acumen Director. “We are excited about the Civic Accelerator’s proven impact with a unique curriculum focused on social impact for both for-profit and nonprofit early-stage ventures, a strong track record, and robust corporate and alumni networks. Our plan at +Acumen is to ramp up development of content and programs, online, offline and blended, that support social entrepreneur development in regions where we have an established footprint.”
“As the Civic Accelerator integrates with +Acumen’s work, we look forward to reaching more early stage social entrepreneurs who are creating innovative solutions to today’s most pressing challenges from economic and educational inequity to the need for financial and digital inclusion and building a diverse 21st Century workforce,” said Ayesha Khanna, founder of the Civic Accelerator. “We’re thrilled about the opportunity to increase our reach and impact as we work with +Acumen to support more social entrepreneurs through a digital learning platform and online and in-country accelerator models.”
+Acumen offers world-class courses that empower you to think differently, learn collaboratively and join a global community of over 450,000 learners and doers with a burning desire to change the world.
About Civic Accelerator
The Civic Accelerator, launched in 2012 as part of Points of Light, with founding support from the PwC Charitable Foundation and Starbucks Foundation, was the first national accelerator program and investment fund in the country focused on for-profit and nonprofit early-stage social impact ventures that include people as part of the solution to critical social problems. To date, the program has graduated 146 ventures and invested $1,050,000 in diverse entrepreneurs and their teams. In December 2018, the Civic Accelerator celebrated its 12th cohort.