Impact Hub to Fund Work on Austin's Affordability Problem

City money would go to social innovators

Impact Hub to Fund Work on Austin's Affordability Problem

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.

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