Why This Is Important
Innovator support organizations (ISOs) are groups that train, connect, and sometimes fund innovators. These organizations can be university programs, government agencies, for- and nonprofit entities. Finding the right ISO that aligns with your vision and provides the specific resources you need can build crucial momentum for your venture.
How To Do This
Do research into local ISOs that serve your unique needs. Consider the stage of maturity your venture is in, the skills and expertise you’re seeking, and the type of community support that you want. Keep track of application requirements and deadlines.
Tips
- Use venture capital databases, identity-based startup programs, or local government entrepreneurship portals to find lists of support organizations in your area or industry.
- Evaluate the specific resources, mentorship, and networking opportunities each program provides, ensuring they match your current stage of development, future aspirations, and importantly, your values.
- Keep in mind that while many ISOs tend to offer non-dilutive funding—that is, funding that does not require you to give up equity in your venture—others may only offer dilutive funding.
- Look into ISOs’ track records by reading success stories and reaching out to program alumni to get their honest feedback.
- Consider how various programs’ requirements and demands fit with your current capacity, and choose one that you can fully commit to without overextending yourself.