1M/1M supports local economic development worldwide through local partnerships.
We provide a robust and scalable process of acceleration for technology entrepreneurs by collaborating with businesses, non-profits and agencies that support entrepreneurs locally.
These type of local organizations are collectively called EDOs – Entrepreneur Development Organizations.
Think about it. If your community can identify and help accelerate 100 promising businesses from an idea to revenues this year, what economic impact would that have on your community? More jobs? More wealth? More investors will put their money to work in your community? More local heroes and community leaders?
What if your community can accelerate 100 entrepreneurs year after year? Or, if you are a large community, what if you can accelerate 1000 entrepreneurs year after year? Think about the cumulative impact it will have on your community!
That is exactly what 1M/1M can help you to do, whether you have 100 entrepreneurs in your community or 1,000, 1M/1M will help you accelerate all of those entrepreneurs in a very cost effective way, year after year.
Where do we start?
Partnering On 6/10 Pitch-Fest Competitions:
Our partnership usually starts with a Pitch-Fest competition for entrepreneurs and awarding six deserving, local entrepreneurs a one-year scholarship to the 1M/1M program.
We are looking for local entrepreneurs to prove their readiness to build a strong and sustainable business during the competition.
The entrepreneurs who wish to compete will complete an application form and finalists are selected based on these applications.
The 6/10 pitch fest has 10 finalists pitch live or virtually during the competition, and six winners are announced at the end.
Like the 1M/1M strategy roundtables, these contests can be held by video-conference (Webex Events), and they can have live components to them, or they can be live-only or online-only events.
Representatives from your EDO, and other local leaders are encourage to help with judging the contests. The objective is to involve a lot of local leaders in the events as judges and give them some global visibility.
In each event, while the judging is taking place, a 1M/1M video will be played, explaining the program, and the prizes.
The prizes for these contests are 1M/1M scholarships (US $1,000 value each), which are paid for by sponsors.
Local Sponsors Required:
The key to a successful Pitch-Fest Competition is finding local sponsors also interested in connecting with entrepreneurs, usually for marketing or development purposes.
If you are an organizer of an entrepreneur program, you are probably already familiar with local corporate sponsors, especially those who are part of a global company, who may be looking for ways to support the local community while garnering positive media coverage.
The cost of membership to the 1M/1M program is $1,000 annually, so the sponsorship fee of US $6,000 will allow us to award six 1M/1M scholarships to local entrepreneurs.
Please take a look at some examples of sponsored events here. All scholarship winners are currently going through the 1M/1M program. We also encourage you to tap into your local technology companies to explore platform eco-system partnerships.
When this US $6,000 pilot is successful, we can create a series of such contests and hold them quarterly or monthly in your community.
The US $6,000 sponsorship will allow 1M/1M to incubate six entrepreneurs for a year. We can expand the program in due course to support a larger number of entrepreneurs.
Overall, with the support of like-minded partners and sponsors, we can create the following overarching benefits in your local community:
If you are interested in partnering with 1M/1M, please contact Maureen Kelly.