The Social Innovation Incubator (SII) is currently accepting applications from qualified graduates of the PSU Business of Social Innovation online certificate. The certificate provides a deep foundation in social entrepreneurship and social innovation and serves as a pipeline for the Social Innovation Incubator. Open to both students and professionals, the certificate can be completed in less than a year. Learn more about the certificate here.
About the Incubator:
Building upon the PSU School of Business Administration’s recognized leadership in integrating social, environmental and ethical issues into its curriculum, the Social Innovation Incubator (SII) assists early-stage social entrepreneurs and intrapreneurs in launching market-based innovations that generate systemic social and environmental benefits. In its May 2011 issue, Fast Company selected the SII as one of America’s 51 brilliant urban ideas.
The SII provides social venture startups with the "4 Cs:" Capacity gained through training in business best practices; a Community of peers, Connections to advisors, funders, volunteers and customers; and Credibility from participation and exposure. The SII welcomes participation from PSU students and faculty, as well as members of the community outside of PSU.
The SII offers two incubation programs:
- Vector Program members receive tailored, one-on-one consulting, access to advisors, and discounts on services and events. The Vector Program is focused on social enterprises with an established business model that are currently generating revenue and/or hold significant, proven IP. Membership is by invitation only.
- Circuit Program members move through a six-month incubation program together. Small group meetings every other week alternate between workshops delivered by local experts and facilitated peer-mentoring sessions. The program uses the Lean Startup methodology, Business Model Canvas, and customer discovery process to guide development of successful social enterprises. Those who successfully complete the program are invited to participate in a Pitch Fest at the Elevating Impact Summit.
"Connecting to the Social Innovation Incubator opened up a community of practice within which we are able to refine our ideas, work on how we communicate our mission, and gain from the business experience of others. Social entrepreneurs really need that kind of concrete support network to fuel their vision for change."
--Anaïs Tuepker, co-founder of Preciva.