Watch the Forbes interview with Ross Baird, executive director of Village Capital and Wisebanyan CEO Herbert Moore (peer-selected by the FinTech cohort):
What is SOURCE?
SOURCE is an initiative that links entrepreneurs and investors focused on social challenges that affect low-wealth Americans. The initiative connects entrepreneurs building market-based solutions with the investment capital, mentoring, and support needed to grow their businesses.
SOURCE works with groups of roughly fifteen entrepreneurs in cohorts that are focused on specific problems that lend themselves to entrepreneurial solutions. The initiative engaged the entire value chain of customers, policymakers, corporate partners, and local assets to find viable entrepreneurial solutions to societal issues.
SOURCE brings local investors together with entrepreneurs. At the conclusion of each three month cohort, the entrepreneurs select the two most promising businesses from among their peers for investment capital.
SOURCE builds a pipeline of high-growth, solutions-based companies and strengthens the entrepreneurial ecosystems in strategic U.S. regions.
SOURCE seeks to create a greater awareness in America about the important role businesses play in the nation's economic and social fabric. SOURCE's founding partners will collectively capture and disseminate their findings to showcase how business innovations improve the lives of low-wealth populations.
2.26.2015 Impact Investor Perspective: Ed Briscoe
2.9.15 $100,000 Awarded to iUNU and FIn Gourmet for Agricultural Business Solutions
2.4.15 FIN GOURMET: THE FUTURE ZAPPOS OF FISH PROCESSING
10.7.14 Village Capital Partners with Blue Sky Network, Radicle Capital, VentureWell, and SOURCE Initiative to Launch Accelerator Program for Agriculture Startups in Louisville
10.2.14 $100,000 Awarded to e-Chromic Technologies and PAX Pure for their Clean Tech Business Solutions
9.23.14 $100,000 Awarded to Rimidi Diabetes and TruClinic for Health Business Solutions that Benefit Patients and Providers
7.3.14 Forbes: New Company Helps Low-Wealth Families Start Investing For Free
6.30.14 $100,000 Awarded to eMoneyPool and Wisebanyan for their Business Solutions that Benefit Low-Income Americans
4.8.14 SOURCE Initiative Links Entrepreneurs and Investors to Bolster Businesses that Benefit Low-Wealth Americans - View the Press Release