Ventures impact fund

As a church we recognise the role that ventures play in cultural renewal by caring for the vulnerable in society and loving the environment. We also recognise the various pressures that a pioneer faces when starting up and the role that we as a church can play to support those pioneers walking out lives of reckless generosity, courageous faith and radical obedience to Jesus.

The role of the Impact fund is to provide a direct financial injection to fund a portion of a venture’s start-up costs - either;

initial outlay costs that develops a concept (e.g. creates a minimal viable product MVP), or
to bring a product or service to market for the first time.

We recommend reading through the eligibility criteria and policy below before applying.

+ Who do we support?

Only a founder / director for the venture can apply (no applications can be submitted on their behalf)
The applicant must be part of KXC’s community, whether via sign up on Churchsuite, attendance on Sundays/in a hub/pattern/other ministry.
The “social & environmental impact” should align with the missional objectives of the church and the 5 marks of mission specified by the Anglican communion
Unfortunately the fund is not there to support ventures in financial difficulty, or individuals running ventures experiencing financial difficulty.

+ Missional Impact

We support ventures that align with the mission of the church, as defined by the charitable objectives of the church to promote the Christian Faith & alleviate suffering, and the Anglican Communion’s 5 marks of mission.

+ KXC’s mission objectives

We seek to engage with those who live, work or pass through King's Cross, and develop missional tools to engage with the emerging socio-economic patterns across the King's Cross landscape. Our desire is to develop disciples who live in and live out the story of God, following the way of Jesus with a redemptive vision to serve God locally (in King's Cross) as well as across the city in their workplace, universities and neighbourhoods. Funds distributed by KXC should go towards the relief of sickness, hardship or distress.

+ 5 Marks of Mission

The mission of the Church is the mission of Christ:

To proclaim the Good News of the Kingdom
To teach, baptise and nurture new believers
To respond to human need by loving service
To transform unjust structures of society, to challenge violence of every kind and pursue peace and reconciliation
To strive to safeguard the integrity of creation, and sustain and renew the life of the earth

Reference: Anglican Communion

+ What are our values?

We want to create a family mindset in the way that we start & run ventures - we’d hope that the following values are adopted & expressed in the purpose of ventures started in the KXC community.

You can read more about our values here .

+Do we ask for anything in return?

Generosity is one of our key values, and although we do not give funds with the expectation that ventures financially give back to the church, our hope is that ventures will reciprocate this generosity by giving back in someway that aligns with the mission of the church.

+ What we support

There are obviously a range of start-up costs that can be covered - this could include stock, website hosting, staffing costs etc… - we do not want to put a restriction on what can be funded but the expectation is that this will only fund costs not otherwise funded through traditional means of fundraising, or where a pioneer has already shown a significant personal contribution to fund the venture & where this fund serves to bridge a gap that brings about the MVP or first market placement. In other words, the Impact Fund is designed to have an impact - both making a difference to the venture that starting and also have a social or environmental impact.

Policy

Before applying please read through our policy below, which contains further information on the process & timing:

Policy

Application

You can either fill the application out online (please note you have to press submit for the application to save) or using the word document.

KXC Ventures Impact Fund

Name of applicant *

First Name

Last Name

Name of venture *

Website

http://

Email *

How much are you applying for (£)?

There is a maximum limit of £5,000, but we expect most funds to be dispensed to be much less than this amount

Applicant eligibility criteria *

You must check all boxes to be eligible to apply *Members of KXC must be registered on Churchsuite and have regular attendance on Sundays/in a hub/pattern/other ministry

I'm a director or founder of the venture

I am a member of KXC

The founders are not experiencing financial difficulty

Venture eligibility criteria *

You must check all boxes to be eligible to apply

The venture is funding an initial minimum viable product or bringing a product or service to the market for the first time

The venture has a social or environmental impact aligning with the missional objectives of the church

The venture is not experiencing financial difficulty

Start-up costs primarily being funded

Click any that apply

Stock

Capital (e.g. equipment, machinery, laptops)

Staffing & personnel costs

Website hosting & other tech

Production costs

Marketing materials

Design & brand development

Other operating costs

Elevator pitch

What problem are you trying to solve? Why are you motivated to solve it? How do you propose to solve it?

What was the initial inspiration

Why have you now reached the point for needing investment?

What is the desired impact you are seeking to achieve with this funding?

How does your idea align with the mission of the church?

KXC's mission: We seek to engage with those who live, work or pass through King's Cross, and develop missional tools to engage with the emerging socio-economic patterns across the King's Cross landscape. Our desire is to develop disciples who live in and live out the story of God, following the way of Jesus with a redemptive vision to serve God locally (in King's Cross) as well as across the city in their workplace, universities and neighbourhoods. Funds distributed by KXC should go towards the relief of sickness, hardship or distress. 5 marks of mission: To proclaim the Good News of the Kingdom To teach, baptise and nurture new believers To respond to human need by loving service To transform unjust structures of society, to challenge violence of every kind and pursue peace and reconciliation To strive to safeguard the integrity of creation, and sustain and renew the life of the earth

Do you have any previous experience relevant to running this venture? Tell us about any governance & support you have in place.

Is there anything else you'd like to tell us about your application?

If you'd like to send us any attachments you can do so at hello@tableventures.org.uk

Consent

By submitting you consent that you have read the KXC ventures impact fund policy and that you are happy for us to keep your name and contact details on our database, these will be processed in order to facilitate the workings of the church and will be held in compliance with the Data Protection Act 2018 and KXC’s Privacy Statement.

Agree

Thank you!

We’ll acknowledge receipt of your application in the next few days, and we’ll look to to discuss the initial details of your application within 1-2 weeks of submission.

If you have any questions feel free to contact us at hello@tableventures.org.uk

Word version