C5 Capital and PeaceTech Lab, along with support from Amazon Web Services, Inc. (AWS), are collaborating to launch the PeaceTech Scalerator. The PeaceTech Scalerator is a new part of PeaceTech Lab and one of the first PeaceTech cloud innovation centers in the world.
The PeaceTech Scalerator will select top startups and nonprofits working in PeaceTech by designing, developing, and deploying innovative technologies that promote peace and combat violent conflict globally. The Scalerator will run an eight-week program of intensive mentorship focusing on all aspects of scaling up, especially in the use of “cloud.” The Scalerator will take up an entire level of the United States Institute of Peace (USIP) in the heart of Washington, D.C.
Applications for the second cohort are now open through April 27, 2017. The 8-week program will begin in June and will culminate in an opportunity for peacetech startups to pitch potential investors. Participating startups receive $50K in AWS credit. Financial and visa assistance available
Upon completion of the application process, the PeaceTech Scalerator team will analyze the applications and downselect to no more than 15 companies/organizations for the cohort based on the approved selection criteria. This downselect process is expected to be completed within two weeks.
It is expected that each selected company/organization will receive up to $50k in AWS credits as part of the Scalerator. There will be financial and visa assistance provided to selected companies/organizations that meet the required criteria. The eight-week program will conclude with a pitch day, when companies and organizations will have the opportunity to pitch their companies/organizations to potential investors. The program is supported by an extensive network of international mentors. On completion of the program, companies/organizations will enter a peer network that will provide ongoing support and guidance.
In addition to the PeaceTech Scalerator, there are plans to establish a dedicated PeaceTech Venture Fund.