Impact Hub to Fund Work on Austin's Affordability Problem
City money would go to social innovators
Continuing to build on Austin's desired brand as a tech hub that cares, the city's Office of Innovation is sweetening the pot offered by Impact Hub Austin's upcoming Impact Accelerator program for social entrepreneurs. Impact Hub, a network of co-working sites and resources committed to "supporting innovative solutions to our community's toughest issues," is looking for up to 12 enterprises – public, private, nonprofit, or a combination thereof – working on Austin's affordability and workforce development challenges. *Of those selected, six applicants will have the opportunity to receive $15,000 in funds by also apply for Social Innovation Grants from the city. Both partners tout the upside of working together: "We have the talent [and] the resources; it's time to align our efforts and motivations," says Impact Hub Managing Director Ashley Phillips in a news release. Past Accelerator alumni include the Austin Housing Conservancy – manager of the "strike fund" to buy and preserve currently affordable housing – and the Austin Coding Academy. Interested parties better hurry; Accelerator applications are due Monday, May 20.
Editor's note: This story has been amended since publication, which originally said Impact Hub provides all Accelerator members $15,000, and the Innovation Office grant is an additional $15,000.