SEED SPOT
Incubating Ventures With Social Impact
Learn how to support this organization
Programs and results
What we aim to solve
SEED SPOT provides solutions to entrepreneurs nationally looking for early-stage technical assistance, access to networks and mentorship, and opportunities for raising capital. No idea is too small - SEED SPOT meets innovators where they are at and helps them to realize their dreams and see themselves as what has been traditionally an inaccessible identity - entrepreneur. Further, capital, in all forms (debt, equity, crowdfunding), is a vital part of starting a new venture or scaling an existing venture. Access to capital is the largest need for entrepreneurs. Underrepresented entrepreneurs, especially founders of color, face exceptionally high barriers when attempting to access capital. These barriers have prevented innovative startups from accessing the capital they need to stimulate growth and create jobs.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
2-Day Launch Camp
The 2-Day Launch Camp is one of SEED SPOTs core programs. It utilizes customized curriculum, content experts, and mentorship that is industry-specific and aligned with the United Nations Sustainable Development Goals to give idea-stage entrepreneurs a unique opportunity to build and launch ventures focused on equality and inclusion; sustainability and smart cities; health and wellness; education; and, civic engagement and policy.
SEED SPOT staff are equipped to customize the 2DLC experience and tailor each program to the needs of these emphases, while connecting entrepreneurs with a cohort of like-minded peers and mentors with expertise in each industry. Using an agile framework, SEED SPOT constantly reflects on the mechanics of implementation, program content, and participant feedback to evaluate strengths and opportunities for improvement. Each subsequent 2DLC is improved upon by doubling down on successful strategies that reduce barriers and by enhancing areas of weakness.
Impact Accelerator
SEED SPOT’s Impact Accelerator program delivers 6-8 weeks of acceleration via education, mentorship, hands-on tactical feedback from the SEED SPOT team, investors, mentors, and network connections. The outcome of the accelerator is to help growing and scaling businesses raise capital, increase revenue, and create jobs.
Alumni of the Impact Accelerator pitch at a culminating Accredited Investor Event, and have the opportunity to apply to pitch at future events. “Venture Thursdays” are embedded throughout the Impact Accelerator and prepare entrepreneurs to successfully pitch their ventures at the Accredited Investor Event. Venture Thursdays provide entrepreneurs a safe environment to practice their pitches and receive constructive and helpful feedback.
Where we work
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of jobs created and maintained
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Jobs created and maintained to date by SEED SPOT Alumni Entrepreneurs
Number of clients served
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Percent of total constituency that is underrepresented
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Additional revenue and wages generated attributable to the organization's efforts
This metric is no longer tracked.Totals By Year
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Capital raised by entrepreneurs
This metric is no longer tracked.Totals By Year
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
SEED SPOT’s mission is to educate, accelerate, and invest in entrepreneurs who are creating solutions to social problems. Since its founding in 2012, SEED SPOT has served nearly 4,000 unique entrepreneurs - 56% are women and 76% are underrepresented founders (women entrepreneurs, entrepreneurs of color, LGBTQ and gender-fluid entrepreneurs, previously-incarcerated entrepreneurs, entrepreneurs of varying abilities, first-generation citizen or immigrant entrepreneurs, and entrepreneurs with military status (veteran, military spouse, etc.). These entrepreneurs have gone on to generate over $350M in revenue, create 6,000 jobs, and impact the lives of over 15M people through new products, services, and technologies. These outcomes demonstrate SEED SPOT’s role in catalyzing community-led innovation and empowering underrepresented groups to work toward a radically new future.
SEED SPOT aims to achieve even greater economic and social impact by scaling support and reducing barriers for women and minority entrepreneurs across the nation who are creating solutions to our nation’s biggest challenges.
What are the organization's key strategies for making this happen?
Our core strategic pillars are:
+ Deliver best-in-class/cutting edge programs for social entrepreneurship.
+ Ensure long-term financial viability and sustainability.
+ Develop mission-aligned relationships.
+ Become the go-to resource for individuals that want to solve problems in a sustainable way.
+ Build world class organizational infrastructure and capacity.
What are the organization's capabilities for doing this?
SEED SPOT is an internationally renowned incubator and is ranked as one of the "Top 3 Social Impact Incubators" in the United States by Cisco and UBI Global, and was also identified as one of the “Top 20 Accelerators in the World” by Gust. SEED SPOT also holds an Emmy for its partnership with Univision serving Latino entrepreneurs.
Since SEED SPOT’s founding, a core focus and commitment of the organization has been to advance equitable and inclusive entrepreneurship. SEED SPOT has notable accomplishments in this area that highlight the commitment to serving underrepresented founders:
- In 2020, .ORG Impact Awards named SEED SPOT as a top 5 finalist in the “Championing Equality, Equity, and Inclusion.”
- The Ewing Marion Kauffman Foundation funded SEED SPOT to develop a culturally responsive entrepreneurship curriculum, marketing, and an impact measurement framework to support more diverse founders.
- The Clark Foundation and the Ewing Marion Kauffman Foundation funded SEED SPOT to build partnerships with groups serving diverse founders that did not have access to best-in-class entrepreneurship programming. These partnerships include groups, such as Black Girl Ventures, Association for Women in Science, Military Family Advisory Network, and other organizations to support specific populations access entrepreneurship.
- In 2016, Univision Arizona and SEED SPOT partnered to create Vendeme Tu Seuno, an entrepreneurship bootcamp, pitch event, and web-mini series to empower LatinX entrepreneurs. In 2016, this programming won an Emmy Award.
- The JP Morgan Chase Foundation has been a multi-year funding partner of SEED SPOT’s work in Arizona to support Low-to-moderate income entrepreneurs and traditionally underserved entrepreneurs.
- In 2019 and 2020, the Santander Foundation funded SEED SPOT’s work in Maricopa County, Arizona to support LMI entrepreneurs, entrepreneurs of color, and traditionally underserved entrepreneurs.
What have they accomplished so far and what's next?
Since its founding in 2012, SEED SPOT has served nearly 4,000 unique entrepreneurs - 56% are women and 76% are underrepresented founders (women entrepreneurs, entrepreneurs of color, LGBTQ and gender-fluid entrepreneurs, previously-incarcerated entrepreneurs, entrepreneurs of varying abilities, first-generation citizen or immigrant entrepreneurs, and entrepreneurs with military status (veteran, military spouse, etc.). These entrepreneurs have gone on to generate over $350M in revenue, create over 5,000 jobs, and impact the lives of 15M people through new products, services, and technologies.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
-
How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve
-
Which of the following feedback practices does your organization routinely carry out?
-
What challenges does the organization face when collecting feedback?
Financials
Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more
about GuideStar Pro.
Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
SEED SPOT
Board of directorsas of 03/27/2024
Sentari Minor
evolvedMD
Term: 2023 -
Courtney Klein
Edmund Hillary Fellowship
Russell Goldstein
U.S. Trust, Bank of America Private Wealth Management
Erin O’Shea
thredUP
Susan Penfield
Booz Allen Hamilton
Rashad Moore
G11 Technology Partners
Sentari Minor
evolvedMD
Savannah Onwochei
Facebook (Meta)
Janine Davison
Intel Corporation
John Gaylord
Ernst & Young
Brian Hill
Phoenix Fashion Week
Joronda Montano
Prevention and Wellness Consultant
Nahla Salem
Haven Energy
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data