Marc Sparks, a venture capitalist and entrepreneur, is out to change the world, specifically the one around the Dallas-Ft.Worth area. His grant program, called Spark Tank, is offering a social innovation challenge for non-profits, described as social entrepreneurs. A grant is offered in the amount of $5,000 to help fund the non-profit’s activities in the local community. Any non-profit is free to submit an application which is then reviewed by a panel. Any organization not chosen can submit a new application for the next round.
Each non-profit has 10 minutes to make an oral presentation to the panel which is followed by 10 minutes of questions. Grant criteria includes the impact potential of the grant, and whether or not the grant can produce measurable results.
Sparks believes that besides the benefits of receiving the grant, each non-profit gains valuable experience from the process of writing a grant, and more specifically, appearing in person to defend the value of its organization. Applications for the next round are found here Your text to link…
The winner of the second round of Spark Tank was an organization known as “Mommies in Need”. This organization provides nannies at no cost to families who are experiencing health problems, and thus need childcare. The families must not be able to afford care for their children, and thus the families and the children benefit from this service. This winner fits the social innovation idea of Sparks.
According to GoodReads and Angel.co, Marc Sparks is a passionate entrepreneur who shared his life story in a book with the fascinating name of They Can’t Eat You. The title refers to not only Sparks’ successes in life, but as he describes it, more importantly his failures.
Sparks believes that in order to be successful you cannot be afraid to fail. Failure is part of life, and you can learn much form your failures, perhaps even more than from your greatest success. In the end, it is about what Marc calls an outrageous sense of urgency. Read more: Who Is Marc Sparks?
Another key to success according to Marc Sparks is focus. Do not let yourself deviate from your goal. Do not let life or anything else keep you from remaining on track. Combine focus with passion, and you have a pathway to success.
Spark Tank is an example of giving back to the community. On the home page of his website, Marc has a scripture passage from Luke 12:48 in which Jesus says in effect, to whom much is given, much is required. Marc has been given much, and he clearly believes he is required to give back. That is the motivation behind Spark Tank, and the driving force in the life of Marc Sparks.