Difference between revisions of "Organization:The Unreasonable Institute"
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Revision as of 17:47, 2 March 2014
An incubator for-profit and non-profit organizations intended to impact top social and environmental problems such as poverty, hunger and health. The institute recruits entrepreneurs from all around the world through their Global, East Africa and Mexico Institutes. The Unreasonable Institute hosts a 5 week program for a dozen teams where the teams work and live in the same house together. Each team has multiple mentors and are provided with mentor “dating” and coaching to make sure each team gets the best possible mentorship. At the same time, the institute holds Investor Days to help the projects secure funding.
Contents
Purpose
To accelerate ideas with potential for significant social or environmental benefits into self-sustaining businesses and non-profits.
Distinct Differences from Other Offerings
The Unreasonable Institute recruits globally and fund their teams through a crowd funding platform so that individuals from various socio-economic backgrounds can join the team. As of now, they have had teams representing 37 countries and have opened their institute in Mexico and East Africa.
Additionally, the Unreasonable Institute involves a “live-in” component which is different from most incubators. The teams which are admitted live and work in the same house, ensuring that innovation and inspiration are a 24/7 ordeal.
Impact Achieved
Steps Required to Bring Resource to Campus
Unreasonable @Scale is a program aiming to start 100 Unreasonable Institutes in 100 countries by 2020. In order to launch @Scale, the Unreasonable institute is piloting a program in Mexico and in East Africa. Currently, these two institutes are managed by teams which were hand-selected through the Global Institute. Currently, there is no direct way to bring this resource on campus.
Steps Required to Apply to the Incubator
The institute runs from May 30th-July 6th
1. Submit written application (September-November)
2. Interview via Skype (December)
3. Additional inteviews with experts
Costs: $12,000/team or $10,000/individual however, all previous applicants crowndfunded their costs.
Eligibility requirements here: [1]
