Kiva has had tremendous impact on eradicating poverty and empowering poor people. Their open platform has allowed for many entrepreneurs in developing countries and lenders in developed countries to connect in a way never done before.
But where do young social entrepreneurs with BIG ideas go for funding and strategic guidance?
Well for a start, they can check out Unreasonable Institute, a new company applying the Kiva model to social business investing and the Y Combinator model to idea development. Unreasonable Institute is a social entrepreneurship incubator created to host summer institutes where a confluence of young, brilliant, social entrepreneurs undergo rigorous and practical training involving personal and entrepreneurial skill development, intensive collaboration and work-shopping, and involved guidance from mentors in order to bring their ideas to fruition. Once an idea is refined, entrepreneurs have the opportunity to showcase it via Unreasonable Institute’s online marketplace to attract seed funding. Pretty cool.
If you’re a young social entrepreneur with an idea to cure a societal ill, consider applying to their inaugural Fellows Program this upcoming October. The first annual 10-week institute will commence during the summer of 2010. The application acceptance period starts October 15, 2009 and 25 social entrepreneurs will be selected.
- Incubator which helps social entrepreneurs launch successful companies
- Organization Type: Non-Profit
- Website: www.unreasonableinstitute.org
- Founder(s):Daniel Epstein, Teju Ravilochan, Nikhil Dandavati, Soren Sudhof, Tyler Hartung, Vlad Dubovskiy
- Location:Boulder, Colorado, United States
- See complete company list here
Image Source: unreasonableinstitute.org