We developed a social impact scale for the purpose of determining whether an entrepreneur was the right fit for SEED SPOT. We use this scale as a benchmark ventures in the program and measure Alumni success.
A real problem in the world that serves unique, specific individuals or organizations backed by research and data.
The problem is large and affects a significant number of individuals or communities.
The solution demonstrates game-changing creativity while providing skills and knowledge that will revolutionize or increase value within a sector.
The solution has to have the potential to cross gender, age, geographic, and socioeconomic boundaries.
Incorporates multilevel community and environmental considerations to create win-win solutions.
Solution demonstrates the ability to tackle the root cause of the problem vs. provide a band-aid solution.
Can scale and be replicated to reach a high percentage of solution seekers.
The desired impact can be measured and tracked over time.
A clear, verifiable revenue model is in place to ensure long-term viability.
The solution provides value to both direct recipients and broader communities.