THE PRAXIS VENTURE LAB IS OUR VENTURE FORMATION ARM, PROACTIVELY WORKING WITH SENIOR TALENT TO DEVELOP NEW VENTURES TARGETING MAJOR CULTURAL CHALLENGES FOR THE FLOURISHING OF SOCIETY.
Through a hybrid model of think tank and Entrepreneur-In-Residence (EIR) program, the Venture Lab is designed to engage top Christian talent in the imaginative stage of venture creation. Whether the EIR enters the Venture Lab with little more than a hunch of an idea or a more full blown venture thesis in need of development, the Praxis community comes alongside the EIR with cultural and market research and invests collective wisdom and resources to frame, guide, and build upon key opportunities for redemptive venture creation.
What's going wrong with the world, and how might we creatively respond?
After a rigorous application process, each EIR begins an extensive three-track process that leads to new venture formation. Relying on the lens of redemptive entrepreneurship, EIRs work with the Venture Lab team to develop these elements:
Throughout this process, the Praxis community supports EIRs as they discern and articulate basic statements about what it means to love thy neighbor through a business, nonprofit, or social venture structure. EIR devise this “cultural thesis” in the midst of extensive coaching and mentorship from the Venture Lab team, who are richly experienced in cultural analysis.
Can we find a workable model and a scalable path to impact?
During the Venture Design stage, EIRs work with the Venture Lab team to identify venture needs and potential collaborators from within the Praxis community. Talent—whether it’s ultimately nurtured into board membership, funding, co-founding, or peer support—is vetted based on both the basis of experience and interest alignment. At the conclusion of this stage, the EIR will be well-prepared to launch a viable and redemptive venture.