The Rev. Danielle Jones calls her church's new philanthropy project a "Shark Tank for Churches," referring to the popular reality TV show featuring budding entrepreneurs trying to persuade celebrity investors to put their money and talents in their businesses.
But in this version, the entrepreneurs seeking cash are social entrepreneurs — individuals and teams whose business is to make Minnesota a better place. They'll be pitching their ideas to Wayzata Community Church, not billionaires such as Mark Cuban.
They'll be vying for of a slice of a $200,000 church innovation fund in an unusual form of faith philanthropy.
"We are looking for changemakers from around the Twin Cities who might have a brand-new idea for meeting a need in our community, or new organizations that might be ready to scale up," said Jones. "Semifinalists will move through a process with a navigator, they'll go through a boot camp to refine their business plans and prepare to pitch to a panel of judges."
The project, simply called Dough, is borrowed from a similar venture spearheaded several years ago at Colonial Church in Edina, where Jones had worked.
The Colonial Church project funded ventures ranging from Exodus Lending, which helps Minnesotans get out of payday lending debt, to a frozen-food business called Hoyo that sells sambusa pastries and gives work experience to Somali women.
Colonial Church had such success with two rounds of its "Innové " funds that it put $1 million on the table this year for innovators with connections to its church family. It is now selecting finalists.
The model both supports fresh ideas for combating social ills as well as injects energy into the congregation, faith leaders say. Churches often have untapped talent pools, experts in areas such as law, finance and nonprofit management, who welcome a chance to give back.