GSBI FAQ

GSBI General FAQs
GSBI Accelerator FAQs
GSBI Online FAQs

GSBI General FAQs

How are GSBI®Online and the GSBI Accelerator different?

"From Blueprint to Scale[1]," produced by Monitor Group in collaboration with Acumen Fund, defines four stages of development for firms that are pioneering new business models: Blueprint, Validate, Prepare, and Scale.

GSBI® Online works with social entrepreneurs seeking to Blueprint and Validate their businesses, and supports efforts to create compelling initial business plans and refine business models. It leverages 10 years of GSBI program evolution through a structured, on-line learning process facilitated by both Silicon Valley executives and in-country mentors. The GSBI Accelerator works with enterprises to Prepare and Scale their efforts and impact. It is focused on later-stage, investment-ready organizations with potential to reach significant scale. Mentoring from Silicon Valley veterans, highly specialized instruction, intensive on-campus education, and matching with interested funding partners are elements of the GSBI Accelerator.

The outputs of GSBI Online are the inputs for the GSBI Accelerator (see also Figure 1 and Table 1 below). That is, GSBI Online graduates will have completed most application materials for the GSBI Accelerator by way of completing the program. Therefore, GSBI Online graduates will have an advantage in applying to the GSBI Accelerator after graduation. Some have referred to GSBI Online as basic training for social entrepreneurs, and the GSBI Accelerator as "graduate school" for social entrepreneurs.


 
 
 

What happened to the Global Social Benefit Incubator?

In 2013, the GSBI® evolved from the Global Social Benefit Incubator to the Global Social Benefit Institute to reflect two new capacity development programs, GSBI Online and the GSBI Accelerator, as well as a focus on further innovations in capacity development. Both programs train social enterprises working with or for communities below the poverty line. While GSBI Online works with earlier stage organizations blueprinting and validating their businesses, and the GSBI Accelerator works with later stage enterprises preparing and scaling their businesses (see Table 1 above).

Who should participate in the GSBI Accelerator or GSBI Online on behalf of an organization?

The person who represents an organization for a GSBI program must be the operational leader of that organization (e.g., COO, CEO). Only one representative from each selected organization may attend the in-residence portion of the GSBI Accelerator. However, more than one person may participate in the online work for the GSBI Accelerator and GSBI Online programs. We encourage frequent communication with the team during the in-residence portion of the GSBI Accelerator.

Who are the GSBI Mentors and how will they be chosen?

More than 70 successful Silicon Valley executives, many former founders of NASDAQ companies or venture capitalists, serve as mentors for GSBI programs. The current roster can be viewed by clicking here.

GSBI Online participants will be paired with one lead mentor who has C-level experience; this mentor acts as an executive coach. GSBI Accelerator participants will be paired with two mentors. GSBI leadership takes the mentors' interests and domain experience along with the assigned organization's specific needs into account in the matching process. Entrepreneurs and their mentors are responsible for identifying local mentors for their teams.




GSBI Accelerator FAQs


gsbi accelerator

Will application materials be kept confidential?

Yes. All application material are treated as confidential information and only shared with those reviewing applications for the GSBI® Accelerator. The GSBI Impact Investor Partners receive an overview of GSBI Accelerator applicants to determine which they may have interest in funding. Before any application materials are shared with interested investors, GSBI leadership first obtains each applicant's express permission.

What metrics are used to evaluate GSBI Accelerator applications?

The following criteria are used by GSBI leadership to evaluate each application:

·Compelling impact-oriented mission

·Demonstrated impact

·High potential for large-scale impact

·Proven market demand

·Product/service differentiated from competition

·Innovative product/service

·Proven business model

·Scalable business model and strategy

·Strong financial model and realistic investment requirements

·Solid management team

·Low external risk exposure

How are GSBI Accelerator participants selected?

GSBI leadership ranks applications using a standardized scoring matrix. After reviewing all applications, 25-40 of the highest scoring applicants are selected as semifinalists. Semifinalists then participate in one to two 30-minute interviews conducted over the phone or Skype. Based on the scoring matrix and interviews, GSBI leadership selects the cohort.

What is the program duration and time commitment?

Finalists will work with their mentors through several online modules February through August. Work on online modules and mentor meetings takes approximately 5-8 hours/week. In August, entrepreneurs come together for the in-residence at Santa Clara University for the 9-day in-residence bootcamp, August. 14-22, 2014. Entrepreneurs pay for their travel to Santa Clara University, and the GSBI pays for all other program costs (e.g., lodging and food).

What is a typical day during the GSBI Accelerator in-residence like?

Each day during the in-residence component of the GSBI Accelerator includes specialized sessions designed to help social entrepreneurs become more investment ready as well as time for potential meetings with impact investors. Entrepreneurs also have time to work with their mentors to incorporate concepts from the tailored curriculum and feedback from meetings into their strategies. Entrepreneurs also participate in facilitated CEO roundtable discussions with peers, GSBI Mentors, Staff, and guests with CEO experience.

Who are the GSBI Impact Investor Partners and what is their role?

Over a dozen Impact Investor currently advising the GSBI Accelerator. Impact Investor Partners advise the GSBI Accelerator team on impact market dynamics, selection of social enterprises, criteria for investment, among a variety of topics to guide the intensive focus on investment readiness. Input from Impact Investor Partners help the team tailor curriculum to improve the operational excellence and investment attractiveness of social enterprises that participate in the GSBI Accelerator.


GSBI Online FAQs

gsbi online

Will application materials be kept confidential?

Yes. All application material is treated as confidential information and only shared with those reviewing applications for the GSBI®. GSBI Impact Investor Partners receive an overview of GSBI Online applicants to determine which they may have interest in funding. Before any application materials are shared with interested investors, we will first obtain each applicant's express permission.

What metrics are being used to evaluate applications for GSBI Online?

The following criteria are used by the GSBI leadership to evaluate each application:

·Compelling impact-oriented mission

·Demonstrated proof of concept

·Potential for significant impact

·Potential market demand

·Solid founder or leadership team

How will the participants for GSBI Online be selected?

GSBI leadership ranks applications using a standardized scoring matrix. After reviewing all applications, 20-40 of the highest scoring applicants are selected as finalists.


[1] Koh, Harvey; Karamchandani, Ashish and Katz, Robert. From Blueprint to Scale. Monitor Group – New York, Apr. 2012. Online: http://www.mim.monitor.com/blueprinttoscale.html (accessed: 2 Apr. 2013).

 




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