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For the Regional Economy
The Generation Foundation works
collaboratively to help revitalize the Northeast Ohio economy
and improve the quality of life for all of its four million
citizens. It has made over $1.8 million in grants to early-stage
nonprofit economic development organizations in life sciences,
emerging technologies, innovative and advanced manufacturing,
technology transfer, environmental remediation, and
sustainability in the use of energy and water resources. Usually
these are start-up organizations that would find it difficult to
get other funding. The Foundation has worked with 50 other
donors so that grants to organizations for which it was an
initial funder have been leveraged by an additional $44 million
in follow-on funding in addition to capital investments.
On June 13, SEA Change held its first event
called SecondFriday. Over 100 aspiring social entrepreneurs came
to the LaunchHouse with ideas for social enterprises that
included a teahouse operated by at-risk youth, a chemical-free
apiary (bee farm) that advances STEM education in young woman,
and a science/math curriculum in comic book form product.
Throughout the day, the attendees had opportunities to learn
more about their impact area of interest (e.g. environmental
sustainability, community development, prisoner re-entry, local
food and urban agriculture) and heard insights on what a social
enterprise is and what it does from serial social entrepreneur
Joe DeLoss from Columbus. Additionally, the attendees received
training on the social enterprise business model canvas,
received one-on-one mentorship and networked with one another to
build connections and resources.
For SEA Change, the rest of the summer
consists of more work to be done! SEA Change will hold its
second SecondFriday event on July 11th with a slightly modified
format, review applications throughout August, provide more
hands-on social enterprise training to the top applicants and
finish the year in the fall with a big event where the best
teams will pitch their ideas.
For more information,
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What's New On
Generation Foundation Newsletter
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