The process was designed by entrepreneurs for entrepreneurs. Our criteria is simple. You do not need to be an Activator to apply to be a Venture, and we are agnostic about age or sector or structure.
*Cis refers to someone whose gender corresponds to their assigned sex.
Our application process is straightforward.
The Coralus(formerly SheEO) Venture Application is designed by entrepreneurs for entrepreneurs. It gets to the heart of what is needed for Activators to make a decision.
ROUND 1 APPLICATION
The focus of the application are key questions about your model and the impact you are creating. Also be clear about your revenue model in answering the questions.
- Describe Your Venture. (200 word limit)
- What is your Venture’s vision? (150 word limit)
- Why you? Why now? Why are you the person to solve the problem your Venture is addressing? Why is now the right time? (200 word limit)
- Name up to two (2) UN sustainable Goal(s) you are working on. How are you working on the goal? How are you measuring impact? (250 word limit)
- What is your current business model? How do you currently make money?
- Outside of customer revenue, how much money have you raised/received from other sources?
- How do you plan on reaching your vision? (100 word limit)
- How would being a Coralus (formerly SheEO) Venture help you get closer to your vision? (150 word limit)
- Tell us about your team. How do you define roles and responsibilities? Current number of full time employees? Current number of part-time employees/contractors on your team? (200 word limit)
Your Venture is Shared with Hundreds of Activators + You Receive Feedback As an applicant, your company is introduced to Activators from around your region. All applicants receive feedback and are able to submit an Ask to the Coralus (formerly SheEO) Community.
An Ask can be anything the Venture needs in that moment to support their business (e.g. I need advice on my marketing strategy because I will be launching a brand new product line). Many founders find the feedback at this stage very useful, and get connections that accelerate their organization.
ROUND 2 APPLICATION
Semi-finalists advance to the second round of applications where all of your Venture’s Financials are validated. Key components of this round:
• Submit Financials
• Submit video introducing your company
RETREAT + ANNOUNCEMENT
If you are selected, you will attend a
retreat and announcement.
Ventures arrive not knowing each other but soon start exchanging their stories, sharing their biggest worries, and opening their businesses to each other for support and help. Facilitated by world-class Development Guides and in the spirit of radical generosity, Ventures share resources, give advice, and listen deeply.
We know that being an entrepreneur is a hard and lonely road. By creating a safe space to share and with the support of coaches and each other, Ventures leave the retreat with a foundation that sets them up for long-term success – both personally and in their business.
You also attend the Announcement and various events depending on the Country, a time to share you Venture, your ask(s) + connect into the community.
Here’s what happens at Coralus (formerly SheEO) events:
- Ventures are announced
- Learn from Coralus (formerly SheEO) Ventures and Activators redefining business
- Join in dynamic and interactive content
- Celebrate the Radical Generosity of the Community
- Make business connections that will support you now and into the future.
A Bit about Coralus + the Model
Who we are
Coralus is a global community of radically generous women + non-binary folks supporting Ventures working on the World’s To Do List (the UN Sustainability Goals).
We are committed to building a highly diverse global community of women-identifying entrepreneurs of all ages, races and cultures. Our long-term strategy is to build new pathways for allocating capital, one that results in the best possible outcomes for all, transcending the current winner takes-all mindset.
We currently operate in 5 regions: Canada, US, New Zealand, Australia and the United Kingdom.
How the Model Works
Our model brings together hundreds of radically generous women called Activators who contribute $1100 each (or twelve monthly payments of $92) for Australia, Canada, New Zealand and the USA; or £850 (or twelve monthly payments of £71) for the UK. That money is pooled and then loaned out in the form of 0%-interest 5 year loans to women-led Ventures whom the Activators help select. As the money is paid back into the fund, it’s loaned out again to support more women-led Ventures each year.
How is Coralus Unique?
Financial support with a 0% interest loan; you set the milestones, goals + the highest use of the funds. As you pay back the loan, the money is paid forward to new Ventures.
You’ll receive coaching with world-class Coralus Development Guides + access to a global community of women who support you as customers, advisors, connectors + become your biggest fans.
Who Selects the Ventures?
Rather than rely on a handful of “experts,” we rely on the intuition of Activators in your region to know what they want and what the world needs.
Activators in your region select Ventures with the following in mind:
- Does the entrepreneur’s story and business excite you so much that you would buy or recommend this product or service?
- Does the business look like it has growth potential and can leverage our growing network?
- Are they creating a better world through how they do business or through their product/service?
- Please keep diversity in mind. It’s a core principle for us at Coralus.