Village Capital seeks to help entrepreneurs with social purpose
Tuesday, June 26, 2012
Entrepreneurial accelerator programs, where early-stage companies can get advice and sometimes funding, are not uncommon.
When 15 startup businesses got together in Atlanta this spring for a 10-week program put on by the nonprofit organization Village Capital, however, it was something different.
Besides trying to make a profit, all of the companies hope to make a positive impact on society.
Also, the companies, not a panel of outside observers, assessed one another’s business performance and prospects over the 10 weeks, even deciding which two companies would share $100,000 in prizes awarded at the program’s end.
The angle appealed to participant Sterling Laylock, whose company, FOGDOG, developed a wet waste filtration technology to manage the disposal of fats, oils and grease at restaurants.