SVP Fast Pitch 2015 plans to award a total of $125,000 in grants to nonprofit organizations and a total of $250,000 in investments to for-profit organizations. Note that participants will compete for investments and grants in “tracks,” and will not compete against all organizations.
There are more awards, which will be finalized and announced shortly…
The $250,000 investment fund is to be invested in one or two organizations depending on stage of maturity and other investments already obtained. Subject to customary investment due-diligence processes.
Note that the investment fund will be operated independently of Social Venture Partners Seattle by a group experienced in creating and managing such funds. No money donated to Social Venture Partners Seattle will be contributed to the investment fund, nor will any paid SVP staff members work on the creation or management of such fund. Investment decisions in for-profit companies will be made by the investors in the fund, separately from the judging process of the Social Innovation Fast Pitch.