Harnessing inherent creativity, initiative and commitment is vital to competitiveness and resilience in the global marketplace.

Adding revenue to venture development organizations often administered in schools, incubators, accelerators, community co-working spaces, and corporate innovation centers, the SCF is able to provide world class resources otherwise out of reach while remaining negligible- to no-cost for entrepreneurs, small businesses and transitioning workers to enjoy.

Our programs offer tools and processes providing any entrepreneur, organization, company or municipality leading technologies and strategies aimed at actualizing the region’s talent. The programs provide for more accessible entrepreneurial resources, relevant and scalable through open source innovation and social engagement, automated and intuitive via machine learning. And since not everyone with a good idea will become an entrepreneur, with ever demanding workforce development challenges, companies and municipalities use these tools to challenge, develop and recruit ideal employees, helping companies avoid costly mis-hires and ensuring communities become more self-reliant. 

Successful venture capitalists (VCs) play a numbers game. They know that the majority of the companies they fund will ultimately fail, but they place enough bets that those that do survive more than cover those that do not. The more businesses they fund, the greater the chances of profiting enormously from breakout winners. But conversely, if over 95% of the ventures they support fail, that leaves a lot of despondent entrepreneurs less likely to try again, 

Raising startup funds is the most difficult step in the fundraising process for any business, and represents the single biggest barrier to launching viable businesses. The SCF allows communities and corporations to collaborate in vital partnerships aimed at taking the risk out of this most risky stage through a number of innovative programs including grants to promising startups, compensating mentors and service providers, and capitalizing breakthrough developments to the benefit of the community.

Complementary currencies represent a leap forward in capitalizing startups otherwise too risky for conventional investors and banks. The supply of such currencies is unlimited, so every viable startup can be awarded complementary currency grants. We will thus be able to launch many more potential businesses, with commensurate new jobs, than can conventional financing. This massively improves prospects for new entrepreneurs, and the odds that some of those businesses will become breakout stars, employing more workers locally.

Providing grants to early-stage entrepreneurs will accelerate economic activity as opposed to the often drawn out, legally complex and costly methods of conventional investments and loans. The only condition of an SCF grant is that the recipient accept the complementary currency in the normal course of their business, as partial or whole payment for their goods or services, thereby extending benefits of the complementary currency to the broader community.

With grants, entrepreneurs can retain 100% ownership of their business until it is validated in the marketplace. At that point, they would enjoy a stronger case for conventional financing, or would more easily justify further grant funding, similar to how micro-loans are managed.