It’s like Shark Tank, nonprofit style. And it’s coming to Tampa November 9. Ten nonprofit organizations will be competing for some $40,000 in an event inspired by the popular TV show for businesses seeking funding.
Tampa will be the first Fast Pitch event with an accelerator program through the Seattle-based Social Venture Partners. It also is the first Fast Pitch event for the Tampa chapter started in 2014; nonprofits will be vying for funding from SVP partners.
“We really want to give them an opportunity in Tampa to amplify their impact,” says Jennifer Finney, a partner for SVP and member of the team spearheading the effort. “It’s zero cost to the nonprofit and to the attendees.”
The program seeks to better equip nonprofits to “execute their mission and their vision, as well as have access to all the tools and the resources that we can provide,” Finney explains. “We want a build a space for them to really collaborate.”
Nonprofits must apply by August 14; finalists will be announced August 21. The pitch competition is slated for November 9, although the location has not been finalized.
Participating nonprofits will be able to prepare for the competition with five different workshop nights and an assigned mentor, she says. Those who complete the two-month program will have a business plan.
SVP, a group of philanthropists looking to give back to their community, has been partnering with Community Foundation of Tampa Bay and the University of Tampa, where Finney is the first female to graduate from the Sykes College of Business with a master’s degree in Entrepreneurship.
“They [Community Foundation members] have a lot of experience in the nonprofit space. They have been very helpful to us,” Finney says. “They’ve been very generous with their time and their resources.”
Finney, 23, transferred to UT when her family relocated from Chicago to Tampa about three years ago. “I fell in love with it, especially their entrepreneurship program. I liked it so much I went for my master’s degree,” she says.
She competed on UT’s HULT Prize competition two years in a row.
Now Finney plans to take a job as an employee benefits advisor with Tampa’s Baldwin Krystyn Sherman Partners in the fall. “We all live in Tampa. We all want to see great success here in Tampa,” she says. “It’s not Chicago or New York by size, but there’s a lot of really passionate and talented people here making Tampa one of the greatest places to live. You really can’t beat the weather.”