The process begins with an initial conversation with a member of our Social Investments team, to walk through the current unexpected situation.
After the initial phone call, potential partners will complete a short application via our on-line application system, Fluxx. The first submission will always be considered a draft. Open Road provides feedback on all applications within 4 business days of submission.
All potential partners who complete an application in Fluxx then join Open Road’s Investment committee for a final interview. The call is conversational and the applicant should expect a wide range of questions. The call will last approximately 1 hour.
Final decisions are made and communicated to potential partners within one-week of the Final Call. Occasionally, Open Road will deny an application for one portfolio, but suggest a grant from a different portfolio (i.e. loan, instead of charitable).
Funding & Criteria
Open Road makes one-time investments in the form of charitable grants or loans to provide discrete solutions to projects encountering unexpected roadblocks during implementation. We have no sector or geographic focus, but rather all situations must meet the following four criteria to be approved for an investment.
If not for this roadblock your organization wouldn’t need funding – all of the necessary operating funds for the year were secured, and then something unexpected occurred necessitating additional funding.
The additional funding need must be unexpected – it cannot be an internal error but something external to the organization that has created the need.
The problem must have a discrete, one-time funding solution that is not recurring, and does not “kick the can down the road.” We want to fully solve the problem at hand.
The organization’s model must have the potential to be system-changing, either in design or scale, creating an amplifier or multiplier effect.
How to get in touch with Open Road
If you think you may be eligible for funding from Open Road, please reach out to us at [email protected] and provide the following information:
Are you in need of a grant or a loan?
A summary of the roadblock or opportunity your organization is facing, including:
The timeline and events that led to the roadblock or opportunity.
The what the full cost would be to solve the roadblock completely.
What has the impact of your programming or business been to date (metrics)?
Once we receive your summary we will contact you with further questions and next steps.
TILT Forward Initiative and DreamFund (Association for Enterprise Opportunity)
Carbon Roots International
Homeboy Recycling (Isidore Electronics Recycling)