ATTENTION ENVIRONMENTAL ENTREPRENEURS!

The Cherokee Challenge is designed to identify, fund and develop high impact environmental business ventures. Up to three ventures will be offered $20,000 in seed funding from Cherokee and will then be invited to participate in an intensive three month accelerator.

Apply to the Challenge

What’s In It For You

  • $20,000 in seed funding
  • Access to Cherokee, an advisory committee and local entrepreneurs and investors
  • Three months of free co-working space
  • Basic accounting, tax and incorporation support, as appropriate, from Cherokee Investment Services
  • Weekly feedback and idea exchange through a group dinner hosted by Cherokee

What We Want

  • Talented, passionate and determined entrepreneurs
  • Economically and environmentally sustainable business ventures or ideas — champion one of our ideas or bring your own
  • Business models that turn environmental liabilities into assets
  • Scalable, high impact ventures that will greatly enhance the environment and economy

 

Key Dates

  • Feb. 1Applications available online
  • April 15Application deadline
  • April 30Finalists notified
  • May 1-20Entrepreneur interviews conducted
  • May 25Selected ventures notified
  • June 1Kick-off dinner and social with entrepreneurs
  • June 2Begin venture development
  • Sept. 13Showcase & finale

Advisory Committee

The Cherokee Challenge Advisory Committee is composed of an experienced and talented group of entrepreneurs and investors from the Research Triangle. The Advisory Committee will help in selecting and mentoring Challenge Ventures.

Origins of the Challenge

In the spring and summer of 2011, we hosted the inaugural Cherokee Challenge. The Challenge originated out of a desire to test a number of our own environmental business ideas and to support other startup environmental business ventures.

With those goals in mind, we decided to host a startup competition to allow entrepreneurs to champion our environmental business ideas or their own, and then build them out remotely over the summer. Team MAP and Team Solnos were last year’s finalists — Team MAP received a $15,000 bonus and Team Solnos received a $16,000 bonus.

We have modified the format this year, mainly by investing seed funding on the front end of the startup accelerator rather than providing an end of summer bonus. As well, the accelerator is now designed to  increase interaction between the entrepreneurs, Cherokee, the advisory committee and other local investors and entrepreneurs. We feel this is a more sustainable model and that it increases the chance of success for Challenge Ventures.

Team Map

Team Solnos