501vc® Investment Fund
Funding Amount
$250,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
501vc® Investment Fund
Funder: Evergreen Climate Innovations
Status: Active, accepting applications
Award Amount: $250,000 per investment
Geographic Scope: Greater Midwest region of the United States (IA, IL, IN, WI, MI, MN, KS, MO, OH, TN, KY, ND, SD, CO, NE, and western PA)
Background
Evergreen Climate Innovations pioneered this novel nonprofit venture capital approach, structured as a revolving evergreen fund. The fund addresses the capital gap that exists for early-stage climate tech companies.- Focus Areas: Climate tech across mitigation, adaptation, and other environmental challenges
- Stage: Pre-Seed to Series A
- Geography: Based in Greater Midwest region
- Company Focus: Developing solutions to the climate emergency
Investment Criteria
Application Process
Applications are considered on a rolling basis. Fall and spring application deadlines mark the beginning of approximately five-month-long investment cycles.Contact
Program Director: Dylan O'Reilly (dylan@evergreeninno.org)How to Apply
Application Process
1. Complete the Investment Application Form
2. Submit pitch deck (guidance available from Evergreen)
3. Submit application during rolling application periods
4. Fall and spring deadlines mark the beginning of approximately five-month investment review cycles
5. Evergreen will reach out during their application review period
- Investment application form
- Pitch deck
Required Materials
Questions
Contact Program Director Dylan O'Reilly at dylan@evergreeninno.org for application questions.What Evergreen Climate Innovations actually gave
Source: IRS Form 990-PF, 2024
- Grants in 2024
- 6
- Total given
- $115K
- Median grant
- $18K
- Range
- $10K–$30K
- By dollars: California 52%, Illinois 39%, Florida 9%. Top recipient cities: Oakland, CA; San Francisco, CA; Big Rock, IL.
- 0% of grants with a stated purpose were for general or operating support.
Example grants
Calectra Inc · Oakland, CA
Dei program grant
$30K
Kit Switch · San Francisco, CA
Dei program grant
$30K
Natural Science LLC · Big Rock, IL
Dei program grant
$25K
Earnest Agriculture Inc · Rantoul, IL
Dei program grant
$10K
Sensatek Propulsion Technology Inc · Daytona Beach, FL
Dei program grant
$10K
Focus Areas & Funding Uses
Fields of Work
Categories
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