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News | 1 min read

1717 Innovation Center to launch new accelerator for Richmond nonprofits

June 25, 2019

Just weeks after gaining its first accelerator focused on nonprofits, Richmond snagged a double dose.

Applications opened Monday for @1717, a new nonprofit accelerator run by Capital One’s 1717 Innovation Center.

This fall, Richmond’s resident banking giant and 1717 are piloting the program, which aims to support Richmond-area nonprofits in expanding capacity to help them deliver social impact. The 12-week accelerator will take five organizations through a full needs assessment conducted by the Taproot Foundation, workshops led by Capital One, project support and expertise, peer-to-peer learning and mentorship.

“At 1717, we believe nonprofits and startups have many similarities: They solve problems through innovation, their people wear many hats and they take risks because they believe in their mission,” the company said in a release. “And because we believe nonprofits and startups have a lot in common, we have decided to adopt the accelerator model to provide support for Richmond-area nonprofits.”

Read the full story here.