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*See our application for full details
Regional members (“Activators”) are wholly responsible for selecting Ventures into our unique ecosystem of small business support. Every member can vote, using their own judgment and instincts to move Ventures through the process toward final selection.
Simply by applying, you’ll receive opportunities for visibility, connection, insight, and direct support from our global group of members. Applicants who progress through to later stages have even greater access to all that our community has to offer. As members get more passionate about what you’re doing, doors open, introductions get made, your concept gets shared out, and energy really starts flowing.
Selected Ventures build even deeper connections amongst themselves and with the broader group, and become eligible for a 0% loan.
Dates for Canada, US, and UK coming soon!
Coralus Activators democratically vote to support various types of Ventures who create significant positive impact across all sectors who align with at least one of the following UN Sustainable Development Goals.
We are agnostic about age or sector or structure. If you are a for-profit, not-for-profit or charity that generates revenue and can pay back a loan over 5 years, then you can apply.
No, we are agnostic about age or sector or structure. If you are a for-profit, not-for-profit or charity that generates revenue and can pay back a loan over 5 years, then you can apply.
Yes! If you are an entrepreneur and meet the criteria (majority women- or non-binary-owned and led, minimum $50K or £40K in revenue this year, and creating a better world), we encourage you to apply. If you are applying as a Venture, becoming an Activator is a great way to join the Coralus community, begin building relationships and get the support you need to grow your business.
In order to apply to be a Coralus Venture, you must meet all eligibility requirements including the minimum revenue. Many Ventures begin as Activators, and leverage the network to get the support they need through our community of radically generous women + nonbinary folks with all different sorts of expertise and connections.
If your business meets the eligibility criteria then yes you can apply.
At Coralus, we trust the intuition of Activators to determine/select the Ventures. These Activators are asked to keep the following in mind:
The loan amount for the cohort is determined by the number of Active Activators contributing to the pool of funds divided by the number of ventures (eg: If the pool was $125,000, each venture could get $25000 max). It tops out at $100,000 maximum for an individual venture in each country.
The 0%-interest loan has a five-year term that is paid back in 20 equal installments. We don’t restrict what the loan is used for except it cannot be used to payback debt. As the funds are paid back, the money gets reinvested into the fund and loaned out again to new Ventures.
The first quarter after the retreat is devoted to starting engaging with your development guide, getting deeply connected to the community, and working with an Activator accountant for learning and support.
At the end of the quarter, with insights from the Activator CFO and your Development Guide’s support, you’ll assess whether you want to take a loan and if so, how much and whether it should be given all at once or tied to milestones.
We’ve had ventures take no loan because they are getting what they need from the community and the coaching, take a small amount, take it with milestones and get the full amount all at once—whatever is best given the Venture’s unique situation and ability to repay.
Coralus reserves the right to accept or reject a Venture’s request; however we strive for alignment between the Venture and the Guides.
Coralus (formerly SheEO) is a radically redesigned ecosystem that supports, finances + celebrates women + non-binary folks.
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