The GroundFloor uses several criteria to evaluate applications for our accelerator program, to assess the strength of the applicants and their organizations and ideas. Here are the main components of assessment:
Purpose and passion — Applicant exhibits strong passion and commitment for the impact area in which they plan to work, as well as personal integrity.
Resilience — Applicant has demonstrated ability to overcome obstacles.
Leadership — Applicant has demonstrated leadership potential.
Ability to attract resources — Applicant is a “resource magnet,” capable of attracting money, people and other resources to the cause.
Organization and idea:
Innovation — Organization is innovative and demonstrates new approach.
Potential for big, bold impact — Organization has clear potential to make a measurable impact for the beneficiary population. Additionally, organization either has potential to affect systemic change (for example, policy change, societal change or influence in the field) or demonstrates potential to grow and replicate its impact.
Alignment with our community goals — Organization has clear potential to deliver measurable outcomes that help North Texas address a key gap in its efforts to reach the our 10-year community goals in the areas of Education, Income and Health.
Sound business model — Organization has clear and compelling mission and objectives. Additionally, organization has well-thought out approaches to program development and delivery, measuring success, raising money, operational and financial plan, and other key factors that are critical to sustaining success.