EmpowerHER, a partnership between Ford Motor Company Fund and Michigan Women’s Foundation, will offer a continuum of programs and services to women (and a few good men) wishing to start or grow Social Venture Enterprises. Social entrepreneurship responds to a social need – fixing a problem that seems intractable.
A social venture enterprise:
- Fundamentally exists to solve a real community problem
- Requires a business model that will ultimately allow the business to be sustainable
- Must focus on a product or service people will pay for
- Must follow the “No Margin, No Mission,” that is, while some profits may be sacrificed to serve the mission, the business must ultimately be sustainable
EmpowerHER will launch with a daylong educational summit on June 27th on the University of Detroit Mercy campus from 8:00 am to 4:00 pm. The summit will include a series of TED Talk-like presentations and key note addresses by successful social entrepreneurs, as well as four breakout sessions:
1. How Good Are YOU: Does Your Social Impact Idea Truly Change the World?
2. Know Your Numbers: The Only Real Guarantee of Success
3. Defining Sustainability: Can you fund your idea and will it fund itself … and you?
4. Steps to Success: Repair your credit, hone your personal brand, be prepared for launch
When: June 27, 2017
Where: University of Detroit Mercy
Register here! Tickets are $35
Attendees and others wishing to compete for startup or growth funding will have until September 30th to prepare two page concept papers and a financial overview for review by panels of accomplished professionals and successful entrepreneurs.
Eight to ten finalists will be selected and paired with coaches and mentors, who will help develop a full business plan and a pitch to compete for a pool of $50,000 to support their goals for a sustainable enterprise with community impact.
To begin the journey to becoming a successful social entrepreneur, register for EmpowerHER by clicking here.