Hello Tractor wins first place and $50,000 at the Points of Light Civic Accelerator. The Civic Accelerator is the first accelerator and investment fund in the country focused on “civic ventures” – for-profit and nonprofit startups that include people as part of the solution to critical social problems. The goal of the accelerator is to equip each startup to seek investments and scale their social innovations.
The investment announcement came at the end of the fifth bootcamp-style startup program and investment fund, founded with support from PwC Charitable Foundation and Starbucks Foundation, and in partnership with Village Capital. Additional funders include the Committee for Children, the Blackstone Charitable Foundation, SAP and official hotel sponsor Hilton Worldwide. The accelerator has now graduated a total of 122 entrepreneurs.
This past fall, the Civic Accelerator convened 13 teams over 12 weeks with three in-person weeklong sessions in Atlanta, San Francisco and Chicago, in addition to a virtual curriculum. The participating ventures themselves selected the for-profit venture with the most promise to receive the $50,000 investments.
See presentation video here.