Propeller 2025 Impact Accelerator Application

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Application Instructions

Program Dates: 9/9/16 through 12/15/16

Please Note:
1) All applications must be submitted here.
2) Application responses will not be saved prior to submission, so we strongly recommend drafting answers offline then copying and pasting when you are ready to submit.

Criteria:
We’re seeking startup entrepreneurs, sector experts, and catalysts for social change, bringing viable and innovative solutions to Propeller’s four target sectors of food access, health, water management, and educational equity. We select ventures based on five main criteria:
  1. Potential for social/ environmental impact. The solution must seek to reduce or eliminate disparities for at-risk or underserved New Orleanians and/ or address a significant environmental water challenge. 
  2. Financial sustainability. Solutions should demonstrate a potential viable and sustainable revenue stream, if revenue is required for implementation.
  3. Viability. Convince us that you and your team have what it takes to make your idea a reality given:
    • Educational, professional or life experience
    • Proven track record starting, leading, or operating an initiative, program, or past venture
    • Demonstrated experience in public health, community development, or food
    • Ability to connect to, engage with, and serve at risk or underserved New Orleanians
More Info: www.GoPropeller.org/Accelerator
Application Details:
Final Growth Application Deadline: April 6th, 2025



Criteria:
We're seeking growth stage entrepreneurs with plans to scale revenues and teams over the next 12 months in Propeller's five areas of focus: community economic development, education, food, health, and water.

We select entrepreneurs based on five main criteria:
  1. Potential for social/environmental impact. The solution must seek to reduce or eliminate social and/or environmental disparities for New Orleanians in one of our five areas of focus;
  2. Financial Sustainability. Solutions should demonstrate a potential viable and sustainable revenue stream, if revenue is required for implementation;
  3. Commitment to equity. Strong applications will demonstrate how their work fits within a larger movement towards a more equitable New Orleans.
  4. Focus area alignment. Applications should demonstrate alignment with one or more focus area strategies listed in application. 
  5. Viability. Applications should demonstrate that you or your team has the background, skillsets, and mindset to make your idea a reality. 
Viability can be demonstrated via:
  • Educational, professional or life experience;
  • Proven track record starting, leading, or operating an initiative, program, or past venture;
  • Demonstrated experience in community economic development, education, food, health, or water management;
  • Ability to connect to, engage with, and serve communities of New Orleans most impacted by disparities.

Visit http://www.gopropeller.org/Accelerator for more information about the program.
Revisions Requested:



You cannot use this venture's unique application link. Please apply using this link instead: https://www.tfaforms.com/397358?programclassID=a170H00000C7GOl
This unique link has already been used to submit an application by the venture listed above. If you are that venture, then please do not apply again, we already have your info. If you are a different venture, you may apply using this link instead: https://www.tfaforms.com/397358?programclassID=a170H00000C7GOl
Venture Info



Business Mailing Address and Contact Information






Web Presence (Please do not put your personal info, this section pertains only to the venture)





Structure & Operations

Corporation: A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. Foundation: A nongovernmental, nonprofit organization having a principal fund managed by its own trustees or directors. Private foundations maintain or aid charitable, educational, religious, or other activities serving the public good, primarily through the making of grants to other nonprofit organizations. Government Agency: A government or state agency, often an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions. Limited Liability Company (LLC): A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship. Non-profit: A public charity often deriving their funding or support primarily from the general public, receiving grants from individuals, government, and private foundations. Although some public charities engage in grantmaking activities, most conduct direct service or other tax-exempt activities. Other: Any business structure not listed here. Partnership: A legal form of business operation between two or more individuals who share management and profits. Can be a General or Limited Partnership. Sole Proprietorship: An unincorporated business with a single owner who pays personal income tax on profits earned from the business. Also known as a sole trader or a proprietorship. Hybrid (Low-profit limited liability company - L3C): A type of limited liability partnership (LLP), which operates to “significantly further the accomplishment of one or more charitable or educational purposes". Unlike a non-profit charitable organization, L3Cs may make a small profit, as long as that is the secondary goal of the organization. Benefit Corporation: A for-profit corporate entity that includes a social impact in addition to profit as its legally defined goals. This is a very specific legal status that is only available in 31 states.



Leadership Demographics
Please provide the demographics (gender and race) for each owner, board member, and member of your senior leadership, including CEO, Executive Director, and other senior positions in your organization. (Click the "Add another response" link to enter the next person.)

All personal information you and any additional team members share with Propeller is kept anonymous and used to help measure our progress in creating a more inclusive entrepreneurial community.
Name/Title: demo ID Role: Gender: Race: Ethnicity: Native New Orleanian?: Ownership Share:
%
Primary Team Member
Your primary team member will be lead point of contact for all follow-up related to your application. Please select a team lead that will handle communications with the Propeller team.


Primary Team Member
Your Contact Info

Primary Applicant

Primary Applicant







Your Demographic Info






Your Income Level
All personal information you and any additional team members share with Propeller is confidential and used to help measure our progress in creating a more inclusive community. 







Additional Team Member
Their Contact Info

Other Team Member

Other Team Member







Their Income Level






Their Demographic Info







Application Narrative


Employment
Number who earn less than $15.01 per hour Number who earn $15.01 per hour or more Total Num. of Hourly Employees
Hourly Employees at Present
Number who earn less than $31,221 per year Number who earn $31,221 per year or more Total Num. of Salaried Employees
Salaried Employees at Present







Customer validation is the process of ensuring that your product/service aligns with the wants, needs, and desires of your targeted customer segments. Evidence of customer validation can include testimonials, letters of support, surveys, or any other piece of data that validates alignment between the benefits offered by your product/service and the benefits desired by your target customers/beneficiaries.






Early Childhood Education





Water 





Consumer Packaged Goods




Health


2023 2024 to Date
How many clients/beneficiaries did you serve in each year? 

Community Economic Development

Accelerator Goals
As part of this 5-month accelerator program, each venture is asked to set S.M.A.R.T.I.E. (specific, measurable, attainable, realistic, time-bound, inclusive, equitable) goals for the following areas:
  • Revenue, contracts, and/or customers
  • Access to capital and financing
  • Social, environmental, or economic impact
Revenue goals involve benchmarks that you set for your organization in terms of sales, profit, contracts, or customer acquisition. (e.g. I want to increase sales by 25% by the end of this program)

Access to capital related goals involve understanding whether, if, and how external funds must be raised to support the organizations growth goals. (e.g. I want to secure a loan of $25,000 by the end of this program) 

Social, environmental, and economic impact goals involve the impacts that you seek to achieve with those affected by your work (e.g. I want to serve 100 students by the end of this program, I want to hire one full time role by the end of this program, etc.) 

S.M.A.R.T.I.E. goals set at the beginning of this program inform the workplan for the duration of this program.






Alumni Questions



Financials
Participants of the Impact Accelerator will be asked to provide financial metrics on a monthly basis to track progress. Please complete all responses for the previous 12 months.
Did you have this kind of revenue during past 12 months? Total Amount Last 12 Months
Earned Revenue (excluding any charitable donations)
$
Philanthropic Revenue
$
Other Revenue
$
Founder Investment
$
Outside Equity Investment
$
Debt Financing (not convertible or forgivable) (added this year only)
$
Debt in Form of Convertible Note (added this year only)
$
Forgivable Debt (added this year only)
$

Sources of Capital


Only count investment you put into your accounting statements as revenue during the reporting period. Do not count investment promised, but not received during the reporting period.

Equity Investment: An investment of cash in return for the partial ownership of a company. Only count investment you put into your accounting statements as revenue during the reporting period. Do not count investment promised, but not received during the reporting period.

Borrowed Funds: Capital received with an expectation of return, with or without interest. Funds could be borrowed from family, friends, a bank, or any other institution providing loans. Only count investment you put into your accounting statements as revenue during the reporting period. Do not count investment promised, but not received during the reporting period.


Needs Assessment
I have Needs improvement Not Applicable
Supporting Information
This section is for the optional submission of further supporting materials that you think may positively impact your application. Opting to not upload further materials in this section will not hurt consideration of your application; uploading of further materials is strictly optional. 


Revised Documents




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