CHICAGO, April 19, 2012 — Impact Engine is pleased to announce Chuck Templeton has joined the team as managing director. Chuck is a successful serial entrepreneur best known for creating and defining the restaurant reservation space after founding OpenTable in 1998. The online restaurant reservation website has seated over 280 million diners and services more than 25,000 restaurants around the world. OpenTable’s successful IPO (OPEN) NASDAQ in 2009 was a milestone that helped to reopen the public market for tech companies.
Impact Engine is a business accelerator focused on startup and early stage for-profit companies that use business principles to solve social, environmental, and human challenges. Impact Engine will select eight to twelve impact entrepreneurs and their ventures through a competitive process.The selected entrepreneurs will receive $20,000 of upfront seed capital, engagement in a 12-week accelerator lab where participants will receive business strategy and development workshops led by successful social entrepreneurs from across the U.S., mentorship from leading business executives, and access to a network of potential impact investors. The founding investment team includes Chicago entrepreneurs Leslie Bluhm and David Helfand, Dennis Barsema, Nick Rosa, JB Pritzker, Matt McCall, Cary Chessick, Carol and Larry Levy and Wendy Abrams.
We can no longer solely depend on government resources and charitable donations to address the world’s most challenging societal and environmental challenges, commented Linda Darragh a co-founder of Impact Engine and Director of Entrepreneurship Programs & Clinical Associate Professor of Entrepreneurship. She went onto say, “The future depends on the addition of market based solutions to create sustainable social solutions. Chuck is the kind of leader who can help us find, accelerate and sustain these kinds of businesses.”
The addition of Mr. Templeton joining Impact Engine as the managing director adds to Impact Engine’s positive momentum in this fast growing sector of the global business environment. In conjunction with their new sponsor Leo Burnett, Impact Engine recently held their fifth Start Your Engines event, bringing together impact entrepreneurs for a program called “Applying Design Principles to Social Impact” that drew a crowd of 90+ members of the Chicago social innovation community. The Start Your Engine series is designed to grow the impact community by bringing together like-minded entrepreneurs and at the same time developing skills needed to build a successful organization.
I am absolutely thrilled that Chuck has accepted the role of Managing Director of Impact Engine, said Larry Levy, Chairman & CEO of Levy Organization and Managing Partner of Levy Family Partners. He went onto comment, “Chuck’s first hand experience in meeting the challenges of early stage ventures as well as his history of mentoring entrepreneurs will prove to be invaluable. Under Chuck’s leadership, I am certain that Impact Engine will accelerate new business models that are both profitable and have a significant impact in our society.”
Since moving to Chicago, Chuck has been directly involved as an entrepreneur, advisor, director or investor in over two dozen startups and has most recently launched OhSoWe.com, a website that simplifies collaborative consumption in local communities. Chuck, who is passionate about entrepreneurship, is currently on the board of GrubHub.com, Getable.com, PVPower.com and I-GO Car Sharing. He hopes to use his skills and experience to help impact companies that not only make money, but also solve some of today’s biggest social and environmental challenges.
For more information about how you can get involved, visit www.theimpactengine.com.