The City of Philadelphia is on the brink of launching its new social enterprise accelerator, which will seek out 10 entrepreneurs focused on innovating around public safety issues, program co-director Story Bellows announced at the annual Code for America Summit last week.
Backed by a $1 million grant from the Bloomberg Mayors Challenge, the 12-week accelerator, called FastFWD, will award each participant $10,000. Upon graduation, the entrepreneurs will be able to apply to pilot their program in the city, according to FastFWD’s website.
FastFWD is a partnership between the Wharton Social Impact Initiative, GoodCompany Group and the City of Philadelphia.
Watch Bellows’ talk at the Summit below.