Benefits for Sponsors
Venture for America is seeking contributions from visionary companies and community foundations to support its mission of directing top college graduates to work in start-ups and early-stage companies in Detroit, New Orleans, Providence, Cincinnati, Las Vegas, and other cities throughout the country. Venture for America will help create jobs in these communities in two ways:
- Drive talent to early-stage growth companies to help them succeed and expand; and
- Train and socialize a critical mass of our best and brightest to become business builders and job creators.
Since its launch, Venture for America has been featured in the New York Times, Wall St. Journal, Time, Barron’s, Forbes, NPR, Fox News, the Huffington Post, Fast Company, Inc., Techcrunch, Good, the Stanford Social Innovation Review, and numerous other national press outlets. VFA has also appeared in dozens of campus publications at national universities.
2013 Corporate Funding Opportunities
Venture for America is looking for sponsors to support its operations for the 2013 Fellowship Program (June 2013 – August 2015). You can support VFA through the following funding opportunities:
I. Sponsor the Fellow Training Camp
Prior to the start of work, all Venture Fellows will attend a 5-week training camp that consists of readings and discussions as well as lectures and meetings with seasoned investors and entrepreneurs. Venture Fellows will gain practical skills in order to be able to contribute immediately to a company.
The cost of the 2013 VFA Summer Training Camp will be approximately $400k, broken down as follows:
- Housing, Food, Cost for Use of Lecture Halls, Projectors, Media
- Travel for Fellows to and from Training Camp plus Field Trips
- Training Materials (Books, printing costs, licensing costs)
- Travel and Accommodations for Trainers and Speakers
Sponsors who cover all training camp costs will receive naming rights to the camp (i.e. “The [Sponsor] Venture for America Fellow Training Camp”). Recognition will also be provided at other contribution levels.
II. Sponsor a VFA City
The cost per VFA Fellow over the 2-year program, including general administrative costs, will be approximately $15K per year for recruitment, training, programming, travel, and other program expenses. (For comparison, Teach for America spends approx. $20k per year per Corps Member.)
Our immediate funding needs are for our 2013 Fellowship cities:
- Las Vegas
- New Orleans
Confirmed 2013 Expansion Cities:
An average of 10 Fellows will join the Class of 2012 in each city, for a complete regional sponsorship cost of $150k per year or $300k over 2 years. Sponsors will receive name recognition for fully funding any current or future expansion city. Recognition will also be provided at other contribution levels.
III. Sponsor a Fellow
Individual 2012 and 2013 Fellows may be sponsored at $15k/year per Fellow. We would like Fellow sponsors to serve as mentors to his/her fellow through the duration of the program.