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What's the Purpose of the Jones Progress Awards Program?

The Jones Progress Awards support graduating Seattle University students and recent alums in ramping up their new businesses by providing a solid infrastructure of mentoring, grant funds, and connections within the regional entrepreneurial ecosystem.

Who Are the Program's Sponsors?

The Herbert B. Jones Foundation has provided a generous grant to the Albers Innovation & Entrepreneurship Center (IEC) to seed the first series of awards.  The IEC welcomes sponsors that want to fund additional teams.

The Jones Foundation's Mission Statement: "The Herbert B. Jones Foundation believes that entrepreneurism and small business are the backbone for the strength of our economic system. We promote this belief through the initial and temporary support of new business programs managed by post-secondary educational entities in the state of Washington. We desire the business community to be a vibrant and productive environment and the recipients of the Foundation's support to positively impact our greater business community."

How Does the Program Work?

The Jones Progress Awards are annual awards given to Seattle University student and recent alum teams that successfully meet key criteria and milestones within a 6-month period. The program involves the following components:

  • Each team goes through a rigorous application process to test its commitment, resources, and ability to take the new business to the next level.
  • A Jones Progress Awards "review committee" provides oversight and review of the final awards.
  • A group of three seasoned entrepreneurs/mentors is assigned to each team to help establish milestones and hold it accountable for meeting them.
  • One required milestone is a 12-month operations plan; another is a significant traction goal.
  • Teams must meet monthly over a six-month period with their mentor groups and provide regular status reports.
  • Teams will have access to key Innovation & Entrepreneurship Center contacts and networks and will be supported in building these connections.

Get In Touch

  • c/o Key Private Bank
    1301 Fifth Avenue, Suite 2400
    Seattle , WA 98101
  • +1 (206) 285-1729
  • Contact Us!