As a VOA Affiliate, Why Should You Participate in the Community Health Incubator?

Participants

• 3 months of entrepreneurship and business development training + 3 months of coaching and mentorship with industry experts
• Opportunities to collaborate and learn from other VOA affiliates and mission-aligned entrepreneurs
• Lasting education and experience to instill into other new ideas in the future

Affiliate

• $10,000 Futures Fund Affiliate Capacity Grant for Train & Model Stage
• $15,000 grant for Test & Pilot Stage (must qualify to enter this stage)
• Enhanced Affiliate capacity for innovation and entrepreneurship
• Increased exposure for Affiliate’s brand and services
• Possible eligibility for later stage venture investment up to $200,000

Community

• Increased access to health services
• Reduced disparities by addressing social determinants of health
• Potential connections and/or joint-venture partnerships with non-VOA businesses that focus on shared community health goal

Eligibility

To be eligible to qualify for the Community Heath Incubator, a VOA Affiliate Cohort team should be able to meet these following criteria:

• Succinctly describe your business idea, with a moderate understanding of its target market, competition, customer/client acquisition strategy, business model, and financial plan.
• Social enterprises already piloted or launched with an intention to scale or adapt are encouraged to apply.
• Your potential new business or service line improves the health equity of underserved populations.
• It should be financially sustainable through viable earned revenue streams, not completely dependent upon traditional fundraising
• Within a 3-year time horizon, it should be able to produce profit margins which may create a path for investor opportunities and/or add unrestricted income to the affiliate’s bottom line.
• Teams need to be comprised of at least two VOA staff who can commit 8-10 hours per week for the duration of the 6-month Incubator program.
• Approximately 2-3 of those weekly hours to be spent in Zoom training or coaching meetings.
• The Affiliate’s CEO and CFO must be willing to commit in writing their support of the project and the time commitment of the Incubator team.

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How To Apply

APPLICATIONS ARE CURRENTLY CLOSED. To review our application process and access the Application Packet, click here.

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Key Dates

• Wed & Thurs, December 8-9, 2021: Incubator Informational Webinar (click HERE to view the webinar)
• Friday January 7, 2022: Proposals Due COB (SurveyMonkey® Submission)
• Week of February 21, 2022: Incubator Notifications Sent
• Week of March 7, 2022: Incubator Begins
• Week of May 23, 2022: Incubator Concludes