The second cohort of Flywheel’s Elevator social enterprise accelerator program will pitch their companies at a demo day on Feb. 7.
The event, which is open to the public, will feature alumni from the first Elevator program; Tamaya Dennard, who was on the leadership team; and former cohort member Katie Nzekwu of Village, as well as a conversation with Joe DeLoss, the social entrepreneur behind Columbus-based Hot Chicken Takeover.
“If you’ve never attended a demo day, it will be an opportunity for a ‘Shark Tank’ look at four companies,” says Bill Tucker, Flywheel's executive director. “If you’ve attended a demo day for another accelerator, it’s an opportunity to learn about the social enterprise space.”
The four members of Elevator’s second cohort are:
- Dental Access for All works with under-served communities to provide access to dental care
- Journey to Hope offers affordable coaching and support groups to individuals
- urbanHive connects employers with potential hires through a skills-based online platform
- Workforce Connections provides in-house training, coaching and counseling for entry-level employees
Tucker hopes Elevator Demo Day will attract a diverse audience to learn about these companies and get involved with the program.
“Demo Day is for the business leader who wants to improve both her company’s financial ROI and her care for her employees by becoming a customer of one of our companies; the marketing professional at a bigco that can leverage their marketing talent for the benefit of the companies; the high net-worth individual who is reframing his philanthropy as an investment; and individuals who are interested in making our community stronger, ensuring a thriving economy and sustainability for our families,” Tucker says.
The second Elevator cohort experienced a revamped program that included consumer marketing, business development and branding.
“We really ramped up the curriculum, expanded the length of the program from eight weeks to 12 weeks and increased the ‘bench strength’ of mentors,” says Tucker. “We set higher standards for the participating companies, one of the reasons why the cohort is smaller this year. These are not just business ideas, they are businesses with revenue or pilots in place.”
Unlike other accelerator programs, there won’t be a pitch competition or prizes.
“The ‘winner’ is the company that is still standing years from now,” says Tucker. “We’re proud of the fact that five of the seven companies in our first accelerator are still standing."
Although Demo Day is free, registration is required for the event.