August 8, 2017 – SAN DIEGO, CA – Mission Edge and The San Diego Foundation today announce the launch of the San Diego Accelerator and Impact Lab (SAIL) to empower nonprofit organizations and purpose-driven businesses to develop and grow sustainable revenue-based business models in alignment with their social missions.
SAIL is comprised of five major modules led by Mission Edge and Impact Without Borders, including business model articulation, pilot design, pilot outcome review and business model validation, business planning, and investment preparation. Participants will build relationships with mentors and investors, attend presentations and workshops, and have access to tools and expert advisory services. The program culminates in a final pitch event, hosted by Qualcomm, that will connect SAIL participants with mentors, investors, and potential collaborators within the San Diego community.
“The San Diego impact sector is ripe with ideas for social enterprise and we’re excited to help launch these ideas into reality. SAIL gives organizations the opportunity to test assumptions about their customers and market, develop a business canvas that answers essential questions about their products or services, and confirm whether the market will pay for some or all of what they provide,” says Mission Edge CEO, Ken Davenport. “It’s a classic rapid innovation process that is used in business, and it will help organizations develop opportunities to better control and grow their revenue streams.”
Sponsored by The San Diego Foundation, Union Bank, and Qualcomm Incorporated, the 10-week program will run from August 17 to October 24, 2017. Participating organizations include:
- Multicultural Health Foundation
- Outdoor Outreach
- Casa Familiar
- OG Yoga
- Second Chance
- Outside the Lens
- A Reason to Survive
- Somali Family Service
“Diversifying revenue streams through a social enterprise model offers organizations a new level of financial stability and empowers them to focus on their mission. SAIL is an innovative program that equips organizations with the tools, resources, and know-how to become more economically sustainable and enhance their impact in San Diego,” says Kathy Patoff, Chief Operating Officer of the MUFG Union Bank Foundation.
According to the University of San Diego Caster Family Center for Nonprofit and Philanthropic Research, 62 percent of San Diego nonprofits report annual earnings below $50,000. In addition, more than 50 percent of nonprofit funds come from contributions. Consequently, many 501(c)(3) organizations are vulnerable to economic downturns and financial instability.
“Each year, The San Diego Foundation collaborates with and supports our county’s nonprofit and government sectors,” noted Kathlyn Mead, President & CEO of The San Diego Foundation. “Sustainability of programs and services for the most vulnerable in our communities is paramount. The SAIL Program will embolden an entrepreneurial spirit in our most innovative nonprofits. SAIL will encourage solutions-oriented business ideas that will revolutionize the thinking of our local nonprofits.”
To learn more about SAIL, please contact Mission Edge at email@example.com and connect with us at #SAILwithMissionEdge.
About Mission Edge
Mission Edge, is a social enterprise (501c3) that invests in social interest organizations through finance, human resources, fiscal sponsorship and social enterprise services so they may do more good. We believe in trust, best practices, and innovation. Since 2012, Mission Edge has assisted more than 175 organizations increase their strategic and operational effectiveness by providing affordable access to accounting and HR experts, best-practice systems and education, and skills-based corporate volunteers. To date, we have provided more than 85,000 hours of direct services and saved social enterprises and nonprofits more than $3 million.
About The San Diego Foundation
The San Diego Foundation maximizes the impact of your charitable giving. We mobilize philanthropic resources to advance quality of life, increase social impact and champion civic engagement. For more than 40 years, The Foundation and our donors have granted more than $1 billion to grow a vibrant San Diego region. Learn more on our website, and consider a donation to the Fund for the Future Endowment which supports San Diego community needs now and forever.
About Impact Without Borders
Impact Without Borders is San Diego’s first social impact accelerator program. We connect social enterprises to people, capital, and resources through our collaborative network of entrepreneurs, investors, and service providers. We serve aspiring, early-stage, and investment ready social enterprises, working closely with local and global partners to deliver programs with proven track records of launching high-impact, sustainable social enterprises. In addition, Impact Without Borders partners with government, for profit, nonprofit, foundations, and top innovation firms to deliver design thinking and change management solutions to organizations wishing to establish a culture and practice of innovation. Since 2015, we have worked with over 100 social enterprises, 300 mentors, and run skills-based workshops for over 1,000 professionals.