VERO BEACH THE
SATELLITES WILL HELP THEM LEARN
WHAT THEY DO AT SEA AND
MIGRATION PATTERNS.
>> SOCIAL
EXCELERATOR.
>> GOOD MORNING FROM BOOMING
POPULATION TO TOURISM CENTRAL
FLORIDA IS A PLAYGROUND FOR
OPPORTUNITY.
CENTRAL FLORIDA FOUNDATION HAS
A NEW TOOL AIMED AT HELPING
ENTREPRENEURS GET BUSINESSES
OFF AND RUNNING SMOOTHLY.
JOINING US TODAY ON FLASHPOINT
MARK BREWER.
HE IS THE CEO AND PRESIDENT OF
CENTRAL FLORIDA FOUNDATION AND
ROB PINNA TAROT ALSO PLAYS A
MORNING.
FLASHPOINT.
>> TODAY WE ARE TALKING ABOUT
CENTRAL FLORIDA SOCIAL
ENTERPRISE EXCELERATOR.
BIT OF A MOUTH FULL BUT
IMPORTANT PROGRAM YOU HAVE COME
UP WITH HERE.
MARK WE WILL START WITH YOU.
EXPLAIN WHAT THIS IS YOU GO
PICTURE FOR A MINUTE LOTS OF
PEOPLE WITH GOOD IDEAS ABOUT
HOW TO MAKE SOCIAL CHANGE
HAPPEN ARE TRYING TO FIGURE OUT
HOW TO GET THAT TO WORK.
TRY TO CREATE BUSINESS MODELS,
TRYING TO CREATE CAPITAL,
MENTORSHIP TO MAKE THIS WORK.
AND EXCELERATOR IS A PLACE
WHERE ALL THIS COMES TOGETHER
WE CAN PROVIDE MENTORING AND
CURRICULUM FOR NEW BUSINESS
OWNERS AND START UP FOLKS WHO
ARE WORKING IN SOCIAL
ENTERPRISE WHICH IS DIFFERENT
FROM TRADITIONAL ENTERPRISE TO
GET THAT WORK DONE.
>> THESE COMPANIES HAVE ARTIE
BEEN STARTED UP THEY NEED A WAY
TO GET THE BALL ROLLING.
>> THAT IS TRUE.
THESE ARE EITHER EARLY-STAGE
COMPANIES BUT PAST CONCEPT OR
THEY MAY BE MORE MATURE
NONPROFITS THAT ARE TRYING TO
FIND WAYS TO DRIVE REVENUE
OUTSIDE OF CHARITABLE
CONTRIBUTION
AND.
>> ROB YOU PLAY A MAJOR ROLE IN
THIS PROGRAM.
TALK ABOUT WHAT YOU DO AND TALK
ABOUT WHERE THE IDEA STARTED
AND WHAT DRIVES IT.
>> THIS IS A PROJECT THAT IS
MAKING.
I AM BOTH CEO AND BOARD CHAIR
OF CENTRAL FLORIDA SOCIAL
ENTERPRISE EXCELERATOR.
I AM ALSO LEADING UP AN EFFORT
WITH SEVERAL OTHER INVESTORS TO
CREATE VENTURE FUND TO INVEST
IN FOR-PROFIT ENTITIES THAT
EXCELERATOR.
THE IDEA CAME OUT OFTWO BROAD
CONCEPTS THAT MARK AND OTHERS
SAW IN THE MARKETPLACE.
NONPROFITS ARE STRUGGLING A BIT
WITH HOW TO BE SUSTAINABLE IN
AN ENVIRONMENT WHERE IT CANNOT
ALWAYS COUNT ON CONSISTENCY IN
CHAIR INVESTMENTS.
MORE INTIMATE OF ONE'S THEY
HAVE SERVICES OR TECHNOLOGIES
THEY MAY BE ABLE TO SPIN OUT
INTO BUSINESSES THAT COULD
GENERATE REVENUE FOR THEM.
ON THE OTHER HAND I AM VERY
INVOLVED IN THE STARTED
COMMUNITY LOCALLY.
UNDER BEER CENTERBOARD AND
MILLENNIAL'S NEXT GENERATORS
INCREASINGLY THEY SEE BUSINESS
LIFE COMBINED WITH PURPOSE
LIFE.
SO FOR THEM IT'S ABOUT PURPOSE
AND PROFIT.
COMPANIES COMING THROUGH THE
MORE TRADITIONAL TECH
ACCELERATORS IN TOWN SUMMER
ADVENTURE PITCH CONTEST AND
THEY CALL THEMSELVES SOCIAL IN
HER CROP PRICE BUT THEY HAD A
BUSINESS PURPOSE BUT ALSO
TRYING TO DRIVE ENVIRONMENTAL
SUSTAINABILITY IMPACT
HEALTHCARE.
WE SAW THOSE TWO THINGS WE
SOME SUPPORT.
THEY WERE NOT GOING TO BE ABLE
TO GET IN TRADITIONAL
MARKETPLACE EARLY-STAGE
INITIATIVES, WHEN WE STARTED
FOUNDATION ENTREPRENEURS IN
ACTION WHERE I ASSEMBLED
ENTREPRENEURS AND BUSINESS
EXPERTS TO PROVIDE FREE
MENTORSHIP TO NONPROFIT TO
ASSESS BUSINESS MODELS.
A SIDE OF THAT ORGANIZATION
CALLED RALLY MAKERS WHO WERE
STARTED BY BEN HOYER WHO RUNS
CREDO AS SOCIAL ENTERPRISE
COFFEE SHOP STARTED RALLY
MAKERS PROGRAM WHICH PROVIDED
CONSULTING INCORPORATED SOME
CAPITAL TO EARLY COMPANIES.
WE HAD GREAT SUCCESS IN
PROGRAMS BUT RECOGNIZE THERE
WAS OPPORTUNITY TO SCALE THIS.
AT THAT POINT WE TALK TO OTHERS
LIKE ROLLINS COLLEGE, CLEAN THE
WORLD WHICH MAY BE THE MOST
SUCCESSFUL SOCIAL ENTERPRISE
LOCALLY HERE.
CITY OF ORLANDO IN THAT EFFORT
OVER THE NEXT YEAR HAS LED TO
CENTRAL FLORIDA SOCIAL
ENTERPRISE EXCELERATOR.
>> TONS OF DIFFERENT RESOURCES
YOU USE.
ANYBODY ELSE YOU WANT TO GIVE A
SHOUT OUT TO THAT MAKE THIS
HAPPEN I KNOW WE TALKED ABOUT
ROLLINS COLLEGE.
>> YOU HAVE TO HAVE CURRICULUM
AND ROLLINS HAS A LONG-STANDING
CURRICULUM AROUND SOCIAL
ENTERPRISE EXPERTS AT IT.
BUT YOU HAVE TO HAVE SUPPORT
FROM CORPORATIONS AND OTHER
BUSINESSES IN THE COMMUNITY IT
HAD SEE THE VALUE OF HAVING
SOCIAL ENTERPRISES.
YOU WILL SEE THIS GROW
DRAMATICALLY AND NUMBERS OF
PEOPLE THAT COME AROUND TO BE A
PART IS GROWING EVERY DAY.
>> THIS IS NOT ON OUR STATION
BUT I'M GOING TO SAY ANYWAY
THIS REMINDS ME OF SORT OF LIKE
THE SHOW SHORTCAKE.
IT IS SIMILAR IN THE FACT YOU
ARE USING SOMEONE WITH
UNBELIEVABLE KNOWLEDGE OF
SOMETHING,YOU GUYS AND PEOPLE
WHO ARE INVOLVED AT THIS WITH
FOLKS THAT HAVE A START A
BUSINESS AND THEY WANT TO
CONTINUE IT AND MAKE IT BETTER.
HERE.
>> I WOULD SAY A LITTLE
DIFFERENT BECAUSE SHORTCAKE IT
IS ABOUT THE PITCH.
IF YOU THINK THAT WHAT WE'RE
DOING THE PITCH IS AT THE END.
WE WILL HAVE A PITCH BUT BEFORE
THAT YOU WILL HAVE SIX MONTHS
OF CURRICULUM AND BUSINESS
MODEL PLANNING AND COUNSELING
PITCH.
THE OTHER DIFFERENCE SHARK TANK
IS ABOUT PROFIT.
OUR CASE WE WILL BE LOOKING AT
FOR-PROFIT.
WE WILL HAVE INVESTMENT FUNDS
TO SUPPORT BOTH OF THOSE TYPES
OF ENTITIES.
DIFFERENT.
>> WELCOME BACK TO FLASHPOINT.
EXCELERATOR.
WAY ENTREPRENEURS CAN GET THEIR
BUSINESSES OFF TO THE START
THEY NEED.
WE TALKED ABOUT ROLLINS BEFORE
THE BREAK.
TALK ABOUT WHAT ROLE THEY PLAY
IN MAKING IT GO SMOOTHLY FOR
THESE COMPANIES.
>> YOU MENTION YOU'RE TRYING TO
BUILD A BUSINESS AND YOU NEED
SOME MENTORING AND EVENTUALLY
NEED CAPITAL.
SOMEWHERE IN THERE YOU MIGHT
NEED BUSINESS EDUCATION.
SOCIAL ENTERPRISE IS A
DIFFERENT ANIMAL THAN
TRADITIONAL ENTERPRISE.
ROLLINS HAS PLATFORM IN WHICH
THEY TEACH
THAT SO THEIR
PROFESSORS AND INTERNS COME TO
CURRICULUM.
NOT EVERYBODY IN THE
CURRICULUM.
YOU GET ASSIST AND WE FIND OUT
YOU NEED SPECIFIC WORK THEN YOU
WILL TAKE A SPECIFIC CURRICULUM
TO GET TO THE END ON THAT SIX
MONTH JOURNEY YOU ARE ON.
ROLLINS THEIR SPECIALIST AT
THIS, THEY HAVE THE RIGHT FOLKS
TO GET THAT DONE.
>> LET'S TALK ABOUT NUMBERS.
HOW MANY PEOPLE, ORGANIZATIONS
ETC. ARE INVOLVED RIGHT NOW AND
WHAT ARE YOU HOPING TO SEE AS
WE MOVE FORWARD INTO THE FUTURE
YOU COULD THIS DEFINITELY A
PROJECT THAT DOES REQUIRE BROAD
EXPERTISE.
WE HAVE BEEN FORTUNATE ENOUGH
SUPPORT.
IT IS INTERESTING BECAUSE IT
TIES BACK TO COMPANIES TRYING
TO HAVE PURPOSE AND HOW THEY
OPERATE BUSINESS MODEL.
WE ARE FORTUNATE TO HAVE
TUPPERWARE, J.P. MORGAN CHASE,
GREENBERG, C AND L, ALL
PARTICIPATE AND PROVIDE
EXPERTISE AND NEEDED CAPITAL.
THERE BACK TO BEN'S OLD
ORGANIZATION WERE INDIVIDUAL
ENTREPRENEURS OR FAIRLY YOUNGER
FOLKS, TEND TO BE MILLENNIAL'S
THAT WANT TO GET INVOLVED, THEY
CAN MAKE A CONTRIBUTION TO THE
EXCELERATOR IN THE MENTOR SOME
OF THE COMPANIES COMING THROUGH
THE PROGRAM.
THERE ARE ABOUT 15 OR 16 OF
THOSE ALREADY ON BOARD.
INVOLVED.
ONE OF MAYOR DYER'S STAFF AS
PART OF OUR BOARD.
AS WE LOOK AT PROBLEMS WE ARE
GOING TO ANALYZE, CITY HAS BEEN
GREAT AND SAID IF ONE OF THE
ISSUES HAS BEEN TRANSPORTATION
WE WILL PROVIDE CITY
TRANSPORTATION TO HELP YOU WORK
THROUGH THE MODEL.
WE ARE HOPING WE WILL ENGAGE 6
TO 8 COMPANIES IN THE FIRS
GO-ROUND, FIRST PROGRAM.
WE HAVE SEVERAL DOZE
APPLICATIONS OPEN ALREADY AND
WE HOPE TO GROW FROM THERE.
WE WERE TALKING ABOUT THIS.
IT'S NOT JUST FOR THE COMPANIES
IT WILL GIVE A HUGE ECONOMIC
DEVELOPMENT IMPACT OF CENTRAL
FLORIDA.
ENTERPRISE.
WE BUILD BUSINESS THAT ARE
FORCED TO LEAVE BECAUSE IT
TALLIED CONCERNS OR PLACE BASED
ISSUES SOCIAL ENTERPRISE IS
PLACE BASED THAT WHEN IT STARTS
HERE IT WILL CREATE POOLS OF
JOBS AND BUSINESSES.
AT THE END OF THE DAY IF WE CAN
SOLVE SOME SOCIAL PROBLEMS,
CREATE JOBS AND GET FOLKS
LAUNCHED IS ENTREPRENEURS YOU
HAVE HIT ALL THE BELLS PEERED.
>> WHAT WE'RE TRYING TO DO IF
YOU ARE TECH COMPANIES STARTING
ANYWHERE FOR RIGHT OR WRONG YOU
VALLEY.
WE THINK THERE IS AN
OPPORTUNITY HERE BECAUSE OF THE
MAKEUP OF OUR COMMUNITY, THE
AGE OF OUR COMMUNITY.
SUCCESS IN PUBLIC /PRIVATE
PARTNERSHIPS AND PROGRAMS LIK
TH
THIS THAT SOMEONE IN OKLAHOMA
OR INDIANA THINK WHERE DO THEY
WANT TO BE, WE HOPE THEY THINK
CENTRAL FLORIDA.
FORBES EVEN WROTE AN ARTICLE
ABOUT THIS GUY AND ROB YOU WERE
QUOTED IN THE ARTICLE SAYING
PART OF THE PROCESS IS
ANALYZING WHAT YOUR MODEL
SHOULD LOOK LIKE.
>> IT'S COMPLEX.
IT'S ONE REASON WE FELT PROGRAM
WAS NEEDED BECAUSE IF YOU THINK
FROM A BUSINESS MODEL PLANNING
PERSPECTIVE YOU ARE CREATING
TWO MODELS.
ONE, YOU'VE GOT TO HAVE
TRADITIONAL BUSINESS PLAN
AROUND NUMBERS REVENUE PROCESS
AND LOSS.
BUT YOU ALSO HAVE THE ABILITY
TO UNDERSTAND WHAT YOUR SOCIAL
MISSION.
HOW DO YOU MEASURE THAT.
AS ENTITIES WILL COME TO US OUR
EXPERIENCE TELLS US YOU WILL
GET ORGANIZATIONS THAT ARE
HEAVIER ON ONE SIDE AND THE
OTHER SIDE.
THE OTHER ISSUE IS CAPITAL.
INCREASINGLY THE CHALLENGE WITH
THESE FOLKS IS HOW DO I
STRUCTURE MYSELF SHOULD I BE A
FOR PROFIT SHOULD I BE A
KNOT-FOR-PROFIT. SOME IF THAT
IS PART OF THE ENTREPRENEUR
THAT STARTED THE INTENDING BUT
A LOT OF TIME IT'S BECAUSE THEY
GO TO THE EASIEST PLACE TO FIND
INVESTMENT OR CAPITAL.
EXCELERATOR IS DESIGNED TO HELP
WITH BUT THE ISSUES.
WHEN THEY COME OUT THEY WILL
UNDERSTAND WHAT THE BUSINESS
STRUCTURE SHOULD LOOK LIKE AND
HOW THEY SHOULD MEASURE
PROFITABILITY AND SUSTAIN A
DEBILITY OF THE BUSINESS AS
WELL AS SOCIAL BENEFIT.
>> THEY HAVE NOT bTHEY ARE NOT
NEW BUT HAVE BEEN AROUND A
LITTLE BARK.
WHAT SETS APART THIS
EXCELERATOR AND CITIES FOLLOW
THIS FORMAT.
>> WE LOOKED AROUND THE COUNTRY
AND TALK TO OTHER ACCELERATORS.
FOR START OF SIMPLY AND THERE
IS SOMETHING CALLED AN
INCUBATOR BEFORE THAT WERE WE
INCUBATE.
THIS WILL DO BOTH THE THOSE
THINGS IN ONE SPACE.
BECAUSE THERE ISN'T SOMETHING
LIKE THIS ANYWHERE IN THE
COUNTRY FOR SOCIAL ENTERPRISES
WHAT MAKES THE MODEL DIFFERENT
FOR PROFITS AND NONPROFITS,
HYBRIDS INTAKE PEOPLE LITERALLY
FROM IDEA TO CAPITAL IF YOU
INCLUDE THE EXCELERATOR AND
INCUBATION.
IT IS A UNIQUE MODEL BASED ON
SOMETHING THAT HAS BEEN AROUND
TIME.
>> THIS IS A PROGRAM, TALK
ABOUT HOLONG AND ULTIMATELY
THERE IS AN INCENTIVE FOR FOLKS
TO GET INTO THIS.
IF EVERYTHING WORKS OUT
PROPERLY AT $25,000 INVESTMENT.
AND FOLKS SAY HEY THIS IS
SOMETHING I CAN GET INTO AND I
WOULD LOVE TO BE A PART OF.
THAT?
>> APPLICATION WINDOW OPEN AND
IT IS OPEN TO AUGUST 11.
GO TO WW S AL SAV.com CLICK ON
THE APPLICATION WE WILL PUT IT
SCA.com.
>> GOOD STUFF.
THE LETTERS ARE TOUGH.
IT'S A MOUTHFUL.
>> ULTIMATELYTHIS CURRICULUM
IS $25,000 INVESTMENT POSSIBLY.
>> THE PROCESS, WE WILL
OBVIOUSLY THROUGHOUT THE MONTH
OF AUGUST WE WILL SELECT
COMPANIES THAT WILL BE PART OF
OUR FIRST CLASS.
THEY WILL GO THROUGH THE
SIX-MONTH CURRICULUM PROCESS.
CUSTOMIZED BASED ON AN
ASSESSMENT ON THE FRONT END.
AT THE END OF THAT WE WILL HOLD
A PITCH EVENT.
NOT-FOR-PROFIT AND PROFIT WILL
PITCH TO INVESTORS.
WE HAVE TWO SEED FUNDS FOR
INVESTMENT ONE FOR THE
NONPROFIT ONE FOR THE
FOUR-PROFIT SIDE.
WE ARE GUARANTEEING ONE ENTITY
WILL RECEIVE A $25,000
INVESTMENT BUT WE HOPE TO
INVEST IN MORE THAN JUST ONE.
YEAR.
IT'S IN INCEPTION IF YOU WILL.
IS THERE A LONG-TERM GOAL THAT
YOU THINK ULTIMATELY THIS COULD
TURN INTO SAY 10 YEARS FROM
NOW.
WHAT IS THE IDEA OF THIS?
>> I THINK AS I SAID BEFORE, IF
AN ENTREPRENEUR WHETHER BASED
HERE OR SOMEPLACE ELSE IN THE
COUNTRY HAS AN INTERESTING
CONCEPT FOR SOCIAL ENTERPRISE
AND WANTTO GROW THEIR
BUSINESS THEY WILL VIEW CENTRAL
FLORIDA AS A PLACE THEY NEED TO
COME.
NEED TO GROW THEIR BUSINESS AND