Deadline: 1-Mar-22
Applications are now open for the Scaling Impact Accelerator Program that helps social enterprises and purpose-driven startups grow their business and prepare for future impact investment.
The Social Impact Hub collaborates with bold, purpose-driven organisations to accelerate change. Through advice, thought leadership, education, and the mobilisation of capital, they help create a world where people and the planet thrive.
They specialise in supporting social enterprises and purpose-driven businesses to design, demonstrate and scale their impact. As a leading provider for Impact Investment Ready Growth Grants, they also have deep expertise working with enterprises to prepare for and raise impact investment.
Scaling Impact will be open to impact entrepreneurs anywhere in Australia, including regional and remote locations. Scaling Impact targets startups that are social enterprises or purpose-driven businesses. By this, they mean businesses that have a social or environmental mission and are aligned with one or more of the SDGs. They are focused on those enterprises where the impact model is intrinsic (i.e. as the business scales, the impact also grows), and addressing disadvantage and/or employment. They are also looking for a proven business model or some traction in the market and an intention to grow and scale. They are focused on those ready to start preparing for impact investment. Given COVID-19, they are focused on enterprises with strong business models operating in resilient sectors.
What they are looking for?
They’re looking for startups with:
- Impact: An unambiguous social or environmental intention preferably focused on disadvantage and/or employment.
- SDG Alignment: A mission-aligned with one or more of the Sustainable Development Goals (SDGs).
- Business Model: At least $50,000 in revenue traction and a proven business model with embedded impact.
- Ambition to Grow: An intention to grow and scale.
Eligibility Criteria
Scaling Impact targets startups that are social enterprises or purpose-driven businesses. They will be looking at enterprises that meet the following eligibility criteria:
- Your organisation is based in Australia
- Your organisation has a social or environmental mission (or both) at its core and that are aligned with the SDGs
- Your organisation has product-market fit and a proven business model that has generated at least $50,000 in revenue and can be scaled
- Your organisation is planning to take on equity and/or debt investment within the next 12 months
For more information, visit https://www.socialimpacthub.org/scaling-impact-accelerator