A turn of a page, and tick of the year later, Tumml has not only graduated its first cohort but is welcoming its 2nd cohort of social entrepreneurs! This group, like the first, includes five startups focused on designing solution to urban issues, and have the vision and capacity to scale.
Before the new cohort was selected, but after the first cohort finished the accelerator program—Innov8Social had a chance to connect with Julie to hear updates on the program, the social enterprises that participated, more about the nuances of urban innovation, questions about accessibility of urban solutions to the populations they serve, and what Julie and her fellow Co-Founder Clara Brenner, and the extended Tumml team look for in a social enterprise candidate. It was also a great chance to re-visit Tumml’s legal structure as a nonprofit in light of an equity stake in the social enterprises that participate. You can listen to her full interview below.
Who are the Tumml Social Enterprises?
(Note: descriptions below are from Tumml.org/Portfolio)
2014 Winter Cohort
- Neighbor.ly is a toolkit to help people, brands, and foundations invest in the places and projects they care about
- The Farmery is an urban vertical farming and retailing system designed to produce and sell local food in the city
- SavySwap is a secure experience to get what you want simply by trading
- Feeding Forward is a mobile platform that connects those with excess food to those in need
- Sovi is a collaborative social pinboard for local and community events
2013 Summer Cohort
- WorkHands – A blue collar online identity service that makes it easier to find work in the trades.
- HandUp – direct giving for homeless people and others in need in individual neighborhoods.
- Corral – A service that makes your urban commute easier and faster
- Earth Starter – All-in-one garden systems that help city dwellers grow food and flowers in small spaces
- KidAdmit – An easy, efficient way to apply to multiple preschools online and manage the preschool admission process
What Do Tumml Social Enterprises Receive & Give?
- $20,000 in seed funding
- free office/meeting space
- customized education curriculum
- four months of hands-on support and mentorship
- opportunity to pitch to VC’s, angel investors, government entities, potential partners and customers
- Approximately 5% equity stake in their for-profit entity
Tumml will begin taking applications for its next cohort in March 2014.