Just as the effects of climate change transcend sectors, jurisdictions and borders, so too must effective solutions. The White House demonstrated significant leadership in this space in March, 2014, when it launched the Climate Data Initiative (CDI), aligning Administration efforts to open data on climate change risks and impacts with ambitious private and philanthropic sector commitments to mobilize data and information technology for climate change action.
The data is there; the technology is there. The markets and entrepreneurs, however, are not.
GoodCompany Ventures created the first accelerator designed for the needs of social entrepreneurs in 2009. The Ventures Accelerator challenges social entrepreneurs to scope and quantify the opportunity that their innovation presents, refine their plan for execution and defend their capitalization strategy.
The first application of the Ventures Accelerator model, FastFWD, was developed in response to a nationwide Mayoral Challenge seeking new approaches to urban innovation and launched in 2014. Completed in partnership with the Wharton Social Impact Initiative and the City of Philadelphia, FastFWD was awarded a $1M prize from Bloomberg Philanthropies. The program inspired the partnership of city government and social entrepreneurship, and sourced, accelerated and deployed new technology and innovations to old social problems.