This New York City accelerator will drive technology innovation to strengthen the capacity of nonprofit health and human service agencies to deliver high-quality, effective and cost-efficient services, improving the lives of the people served.

Center4 is a social enterprise named for the emerging fourth sector - the convergence of the private, public and nonprofit sectors to facilitate innovation and investment for social good. Scheduled to open this fall in Hudson Square, New York, Center4 will offer the following key features:

· An accelerator that will provide investment, mentorship and space for entrepreneurs and technology innovators to repurpose existing technology products and develop new products specifically to serve the needs of the nonprofit health and human services sector

· A meeting place to convene and spark conversation, partnerships and innovation among nonprofit organizations, social entrepreneurs, investors, technology innovators and representatives from government and the philanthropic community

· Workshops and seminars with leading technology and innovation influencers

· Resources for enterprise-wide support for nonprofits (HR Services, Human Capital/Staffing Property Management, Procurement, Finance, Quality Management/Compliance, among others)

"The nonprofit sector represents a major part of New York City's economy and workforce, is essential to ensuring quality of life, and provides critical services to meet the diverse needs of hundreds of thousands of New Yorkers who are facing poverty, unemployment, health crises, mental illness, family violence and other challenges," said Ira Machowsky, executive vice president of FEGS. "With three million people on Medicaid, one in five households on food stamps and unemployment close to 10 percent in New York City, the needs and challenges are significant. As funding becomes increasingly constrained, nonprofits that can deliver services with cost efficiency, effectiveness, and accountability will retain their competitive edge and prosper as leading health and human service organizations."

Michael Davis, president and CEO of AllSector Technology Group added, "This new venture is a natural extension of AllSector's and FEGS' long-standing commitment to advancing the technology and infrastructure capacity of nonprofit health and human service organizations, and leverages 'fourth sector' thinking by applying effective business models to benefit social good. Nonprofits that are early adopters of emerging technologies and innovation will be best positioned for the future."

Machowsky and Davis also announced that Center4 will be supported by a "blue ribbon" Advisory Board, which is currently being formed. The Advisory Board will include highly regarded executives in technology, as well as potential investors and leadership from the nonprofit sector, government and the philanthropic community. Among the first members are:

· Brian Cohen, New York Angels' chairman and first investor in Pinterest

· Lee Barba, former chairman and CEO of thinkorswim Group Inc. and active venture investor

· Rafi Musher, founder and CEO of Stax Inc. and Stax Development Corp.

· Jonathan Bowles, executive director of Center for an Urban Future

· Lisa Philp, vice president of strategic philanthropy and director of GrantCraft for the Foundation Center

· Tara Walpert Levy, managing director of ads marketing of Google and member of FEGS' Board of Directors

· Michael Preston, professor at Columbia University Business School Entrepreneurship Programand member of FEGS' Board of Directors

On joining Center4's Advisory Board, Cohen stated, "Accelerators are springing up in New York City and across the country that are supporting the creation of innovative technologies. Unfortunately, none of these accelerators are laser focused on the nonprofit sector. The promise of Center4 truly excites and inspires me. With 42,000 nonprofits in New York City employing 500,000 people, the nonprofit community is a major market where the use of new technologies and services will allow organizations to operate with enhanced efficiency and greater cost savings. The increased use of technology is an obvious solution in this underserved market. Center4 will provide thought leadership in correcting this imbalance through educational programming and an all-encompassing startup accelerator that will drive technology into this space as never before. I am honored and look forward to the many contributions Center4 will make to the for-profit and nonprofit worlds in New York City and across the nation."

About Center4: Accelerating Innovation for Social Good

Center4's mission is to be New York City's place of choice for social entrepreneurs, investors and the public, private and nonprofit sectors to collaborate and accelerate technology innovation and other capacity-building strategies that strengthen the nonprofit health and human service sector and benefit the social good. Center4's vision is that New York City nonprofit health and human service agencies will maximize the use of technology and other capacity-building resources to deliver the best outcomes with the greatest efficiency for people in need. Center4 is named for the emerging "Fourth Sector" - which leverages the convergence of the private, public and nonprofit sectors to benefit the social good. For more information, please visit www.Center4.com.

About AllSector Technology Group, Inc.

AllSector Technology Group, Inc.®, is an all-together different IT company, providing advanced technology solutions to the nonprofit industry since 1998. The company's broad range of services helps healthcare institutions, health and human services agencies, educational organizations and government entities run their operations most effectively. AllSector provides cloud-based application solutions, network infrastructure and application management, hosting, help desk, and professional consulting services. For more information, please visit www.allsector.com or Facebook.

About FEGS Health and Human Services

FEGS, established in 1934, is one of the largest and most diversified health and human service organizations in the country, helping more than 100,000 New Yorkers annually to achieve greater success, independence and dignity at work, at school, at home and in the community. With an annual budget of $250 million, a workforce of more than 8,000 staff, interns and volunteers, and fourteen affiliate/subsidiary corporations, the FEGS network works in partnership with government, business, and the philanthropic and voluntary communities to deliver high quality programs and services in the areas of employment, education, youth and families, health, disabilities, housing and home care. FEGS inspires success in individuals and families and strengthens communities. For more information, please visitfegs.org or Facebook.