The RADIUS Slingshot Accelerator is a six-month program that supports early stage, social impact ventures that are ready to grow. Through Slingshot’s unique combination of cohort-based learning, individualized mentorship and equity investment, we support you to deepen your impact and become investment and market ready while connecting you to a community of like-minded, passionate entrepreneurs.
WE INVEST IN YOU! RADIUS offers up to $25,000 investment and $15,000 in kind support for every venture in the Slingshot Accelerator.
We are recruiting inspiring entrepreneurs to accelerate social ventures that tackle the risk factors and patterns of inequity driving lifestyle-based chronic diseases.
Lifestyle-based chronic diseases including type II diabetes, heart disease, certain cancers and chronic respiratory disease currently affect three in five Canadians over the age of twenty. Indigenous, racialized people and other equity seeking groups are disproportionately affected by these four diseases.
Social ventures tackling risk factors of lifestyle-based chronic disease may be focused on affecting individual behaviour changes such as unhealthy eating and physical inactivity – or may focus on enabling conditions for healthy behaviours including maternal literacy, food security, or interventions in the built environment. Some social ventures targeting poverty, racism and colonization, with an explicit link to health promotion and chronic disease prevention, may also be eligible for this program.
Up to three core team members per venture can participate. RADIUS is committed to social inclusion and seeks participants from communities directly impacted by health inequities to create and incubate innovative new models, ventures, partnerships, and health system interventions as part of the Health Promotion Lab.
Still not sure about program fit? Don’t hesitate to contact us (contact info below).
Ventures receive an immersive entrepreneurial education in a cohort-environment with benefits including:
Schedule: January – June 2020 (Session dates TBD)
Delivery: By RADIUS Incubation Programs Manager, Entrepreneurs-In-Residence, guest speakers, and subject experts (e.g. legal, accounting)
Advisors: Several, matched as suited to the needs of entrepreneurs
Location: RADIUS SFU (Vancouver), bi-weekly coaching calls in person or remotely
Cohort: < 8 ventures
Cost: There is no upfront fee for Slingshot. Our investment is typically up to $25,000 investment + over $15,000 in program and in kind support per venture. This total investment is in exchange for ~2% equity and a patient royalty stream based on gross revenue.
The 2020 Slingshot program is designed for social ventures based in the Lower Mainland, as well as participants from across Canada who are able to travel to Vancouver once per month.
Monthly cohort sessions: 2 consecutive full-days of workshops in person in Vancouver
Weekly homework: 5-10 hours per week focused on building your company and answering critical questions about your path to success.
Bi-weekly coaching: 60-90 minutes bi-weekly in person or remotely
Two-month diagnostic bootcamp to help the RADIUS team understand and meet your unique needs, while cementing your technical foundation (ie. accounting, legal, marketing, communications).
Two months of hands on learning with your cohort, building leadership and management capacity and acumen around key themes in venture startup and growth. Sessions apply directly to your venture and support acceleration.
Two months of ongoing coaching and support as you work with a RADIUS Entrepreneur-in-Residence, service providers, and mentors in customized programming to support your growth strategy.