What is SEED Lab Pre-accelerator by Caravanserai Project?

By: Sharjeel Sohaib

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Aug 4, 2022

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Seed lab

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Key Takeaways:

  • SEED Lab is a business accelerator by the Caravanserai Project which supports the Social Entrepreneurship, Engagement, and Development of startups. The fourth round of businesses with a social mission will participate in the Caravanserai Project’s SEED Lab acceleration program.
  • The SEED Lab Fellows are additionally entitled to seed investments of up to $10,000. The application deadline is September 1; SEED Lab will begin in early October and run until May.
  • The University of California Riverside Extension partners in the SEED Lab Pre-accelerator program.

SEED Lab

The early-stage social entrepreneur pre-accelerator known as SEED Lab lasts for eight months (90 hours). It was created in collaboration with the University of California – Riverside Extension and aimed to tap into the vast untapped talent in historically underserved and marginalized communities. It also supports those communities’ efforts to find and forge innovative solutions to inherited issues that have buried and silenced those voices.

The program is made to help visionary ideas be turned into equally potent instruments that have the potential to have a positive social impact, enhance civic involvement, empower people, and bring about long-lasting change.

Facts about SEED Lab Pre-accelerator

  • Most SEED Lab fellowsβ€”95 percentβ€”are either women or members of underrepresented groups.
  • The SEED Lab fellows are individuals from various backgrounds typically underrepresented in the entrepreneurial industry.
  • Numerous graduates of the SEED Lab have access to outside funding or investment options like the Dream Fund.

Benefits of Joining SEED Lab Pre-accelerator

Most of you may wonder if SEED Lab Pre-accelerator even worth joining or not? So here’s the answer. Yes, it is! Listed below are the benefits of joining:

  1. Access to grants, technical assistance in kind, and startup investments totaling $15,000.
  2. Aid in starting, testing, and growing mission-driven businesses.
  3. Access to regional authorities, industry leaders, specialists, and resources.
  4. Networking and cooperation with a limited group of very mission-driven entrepreneurs.
  5. 90 hours of individualized instruction and guidance (online and in person).
  6. Access to the Caravanserai Project alumni network, special events, materials, partner introductions, networking possibilities, free or deeply reduced programs and services, and continuous mentoring from our network of subject matter experts are all available for the rest of your life.
  7. Available are full and partial scholarships.
  8. Program worth $15k (tailored training, coaching, mentorship, technical assistance, professional certificate, and resource access).
  9. The University of California at Riverside – Extension grants a specialized certificate and nine professional credits.

Who is Eligible for this Program?

Individuals

As an individual, you must:

  • be able to commit to an intensive program for eight months.
  • be at least 18 years old and have a strong knowledge of English.
  • have decision-making authority in the project.
  • be a resident of the United States. The Caravanserai Project sponsors no foreign nationals for American work visas.

Ventures

To be eligible, a venture must:

  • be the applicant(s)’ original concept in its beginning stages.
  • be for-profit, nonprofit, or hybrid organizations. The company need not be formally incorporated to apply.
  • not have to be managed by a single person. Applicants to the program may be partners.
  • be autonomous and independent. A different institution cannot govern it. There may be a fiscal sponsor for the project.

Partnerships-based businesses are also eligible. For further information on this, please visit https://caravanseraiproject.org/seed-lab/.

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Wrap Up!

Early-stage social entrepreneurs from historically underserved communities in California’s Inland Empire are supported through the SEED Lab Pre-accelerator by Caravanserai Project, enabling them to forge new paths around inherited difficulties. So it’s an excellent opportunity to kickstart! 

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