Frequently Asked Questions for the Jolkona Catalyst program
How much does this program cost?
We charge a $100 program fee for the virtual program upon acceptance into the program. The fee will be collected via PayPal or check. We can make other arrangements if those payment options do not work for you. If you are selected to participate in the Seattle-based program, Jolkona will cover program fees, lodging, meals, and transportation in Seattle to all program-related activities. You will need to cover any other expenses.
What do you mean by social entrepreneurship?
By social entrepreneurship we mean a unique solution to a social problem in your country that is effective, efficient, and sustainable. Your venture should be providing a product or service that adds social value to your community and can be scaled throughout your country.
Who is the ideal candidate for Jolkona Catalyst?
The ideal candidate for Jolkona Catalyst is a founder who has spent 2-3 years building a small to medium size social venture (for-profit or non-profit) and has proven track record. The ideal candidate is committed to his/her venture and does not see it as a side business or a hobby.
Do you assist in the visa process if I am chosen?
If you are selected to the program, we will work with our partner, US Embassy, to facilitate your visa process.
When can I expect to hear back about my application status?
You can expect to hear back from us within one month of application deadline.
What are my commitments if I get selected?
We expect you to fully participate in this program. This includes working with your assigned mentor(s) and committing to complete your Business Plan, Pitch Deck and Pitch Video.
If you are accepted to the Seattle program, you will need to set goals for what you hope to accomplish while you are in Seattle before you arrive so that you can capitalize on the few weeks you will be here. At the end of the program, we also ask you to reiterate your action plans for the next few years and require impact reports from you periodically after you get back home. Please note: We realize that you may need to manage work-related projects for your venture from a distance. You will need to use time outside of the program to do this. This may influence who you send to represent your team. You may also consider applying for a different cohort if there is a significant upcoming work-related project that would influence your ability to fully commit to the program.
What can I expect from the Jolkona Catalyst program?
Jolkona Catalyst is designed as an intensive accelerator program to help you think through every aspect of your business. You will also get exposure to a large network of mentors, coaches, social business, and impact investors. You will also get increased exposure in your home country upon your return.
Can I get advice on my business idea, if I am not selected to be part of Jolkona Catalyst?
We focus all of our resources on our cohorts. Unfortunately, that does not leave us with enough resources to provide advice to other businesses. However, there are many resources on the Internet that can help you to review different aspects of your business. You can also reach out to our past participants.
Seattle is quickly being recognized as a hub for social innovation and entrepreneurship. We are home to innovative companies like Microsoft, Amazon, Starbucks, Costco, Boeing etc. who pay great attention to social causes as well. Seattle is also the headquarters of the Bill and Melinda Gates Foundation which has helped fund and drive much of the social innovation in this region.
Will I get funding by participating in this program?
No, we do not provide any funding at this time. However, you will be pitching to a room full of entrepreneurs, business community, and impact investors who may become interested in investing. In addition, through our partnership with the U.S. Embassy, you will be introduced to local investors and business community in your country who can guide you on ways to secure funds.