VOA Futures Fund Community Health Incubator
Accelerate your innovative business solution for community health disparities.
Volunteers of America (VOA), one of the nation's largest and most experienced nonprofit providers of housing, healthcare and supportive services, launched this first-of-its-kind Incubator to accelerate social enterprises that improve quality, equity, and access to care for Medicaid and at-risk populations. Sponsored by the Humana Foundation, the VOA Community Health Incubator powered by SEEP SPOT supports early-stage entrepreneurship that develops innovative products and services for equitable community health outcomes.
Leveraging VOA’s vast portfolio of assets – 16,000 employees, 400 communities, 22,000+ units of affordable housing, 15+ senior healthcare facilities, 1.5 million people served annually, hundreds of programs and service models – this 12-week program will benefit founders through expertise and collaboration with the VOA network, business training, and tailored mentorship while tackling the most challenging community health disparities. This is a fully funded opportunity with non-diluted grants and the potential follow-on investment of up to $200,000.
Key Programmatic Highlights
Participants test, pilot, and scale their ventures through interactive workshops and customized mentorship from health industry experts and business leaders.
Participating ventures are introduced to prospective partner representatives from the Humana Foundation and Volunteers of America (VOA) network. Founders are guided through the partnership development and scoping process.
The Incubator provides non-dilutive grants to each participating venture, and program graduates are eligible for follow-on investments of up to $200,000.
What to Expect
- The final application deadline is April 28, 2023.
- The program will kickoff with a virtual orientation and meet and greet, May 30, 2023.
- All participants will attend the Volunteers of America National Conference in Nashville, June 3 through 6, 2023. Travel costs of up to $1,700 will be covered.
- The program runs from May 30 to August 25, 2023.
- The large-scale Virtual Demo Day will be held on July 31, 2023.
Additional INCUBATOR OUTCOMES
- Prepare for venture capital by fine-tuning your fundraising strategy with guidance from investors.
- Join a community of diverse founders committed to social impact, including 900+ creating innovations in health and wellness.
- Leverage a national network through lifetime Alumni Program benefits such as mentorship, funding resources, and legal support.
- Develop a strategic growth plan with experts, including developing sales strategies, increasing marketing capabilities.
- Multiply your impact to better support your community.
WHO IS THIS PROGRAM FOR?
This program is designed for entrepreneurs creating innovations toward community health equity. Innovations can range from apps that provide culturally sensitive medical advice to a meal service for the elderly. For profit enterprises are supported through the Community Health Incubator.
A strong preference is given to investment ready enterprises working in Florida, Kentucky, Louisiana, and Texas supporting seniors, youth, and/or working in behavioral health.
SEED SPOT FOUNDERS HAVE:
Generated $306M in revenue
Raised over $122M in captital
Created more than 5,364 jobs
Participating in the Community Health Incubator helped our team learn how our solution could support healthcare partners and payors, and laid the groundwork for larger partnerships down the road. We were also able to partner with a few VOA affiliates to share our solution with their clients and communities."
- Clare Herceg, Founder/CEO, Let's Get Set
Let's Get Set, founded by Clare Herceg, supports low income families with tax return filing to maximize refunds.
About Volunteers of America Futures Fund
Launched in 2018 as a subsidiary of Volunteers of America Inc., The Futures Fund is a social impact investment fund that supports the development and expansion of high impact health, housing, and social service models and enterprises within Volunteers of America and as joint-venture partnerships with external community health entrepreneurs.
The Futures Fund provides catalytic capital, training, and coaching to test new ideas, launch social enterprises, and expand successful service lines that improve the social determinants of health.
In partnership with Humana Foundation, the first cohort of the Community Health Incubator supported three changemakers creating innovations within the community health space. Now, the VOA Futures Fund Community Health Incubator is doubling in size.
Let's talk about your community health venture!
Connect with Miranda Williamson, SEED SPOT Recruitment Manager, to discuss the program's fit for your unique business needs!