Deadline: 21 May 2018
Are you a social enterprise and are you looking to raise investments for the first time? Are you based in North, East or Southern Africa? Join 6 months Ashoka Social Investment Accelerator by Ashoka Africa, designed to support social entrepreneurs!
The aim of the accelerator is to support social entrepreneurs to refine their business model and become investment ready. It also aims to support them to find the right hybrid corporate structure to access both investment and philanthropy efficiently. The outcome at the end of the program is to produce a pitch deck, that you will be able to share with potential investors.
For 35 years, Ashoka has pioneered the field of social entrepreneurship – finding, selecting and supporting some of the world’s leading social entrepreneurs. The network of over 3,000 Ashoka Fellows is successfully implementing system-changing solutions to human and environmental problems in almost every area of need, in 85 countries.
Benefits
- Finalists will participate in a two-day bootcamp in June 2018 in South Africa during which the first 4 modules of the toolkit will be addressed with all the social entrepreneurs, mentors, and experts.
- An online mentoring program will approach the other 4 modules over the 4-month period after the Bootcamp.
- Each session (1 month = 1 module) will include a webinar with Mark Cheng, Ashoka Europe Director and Social Impact Investor, exercises to produce some slides (4-6) on each topic and collective Q&A.
- You will connect on a weekly basis with your mentors, who will provide feedback and advice. The outcome at the end of the online mentoring program is to produce a 30-40 slides deck (some slides will be produced during each module): the pitch deck will serve as a helpful tool for future pitch investment opportunities.
- Join exclusive, online ‘peer’ calls, to network and exchange ideas with other shortlisted innovators and receive mentorship guidance from 3 selected professionals.
- Have access to an exclusive network of Ashoka Fellows and partners.
- Meet inspiring and innovative entrepreneurs.
- The opportunity to pitch their business case to a panel of social impact investors during the closing event in November.
- Travel costs to the boot camp and the closing pitching event will be covered for the 12 selected entrepreneurs (travel costs for one (1) team member per organisation will be covered).
Eligibility Criteria
The social entrepreneur/enterprise must:
- Be legally registered in its country of operations.
- Be based in South, East or North Africa.
- Be built on a viable /sustainable business model, have a market-based approach.
- Be looking to raise investment (angel, debt or equity).
- Have at least 2 years of operations and of generating revenues.
- Have the potential to scale and replicate in other settings or communities.
- Have promise of substantial social impact through programs focused on economic development, agriculture, nutrition, healthcare, education, as well as water and sanitation.
- Have a team of minimum 5 people, with at least 2 English speaking persons who can dedicate time to the program.
Note: Quantifiable results and testimonies often help to demonstrate the potential for social impact of a project. (include)
How to Apply
Applicants can apply via give website.
For further information, please visit this link.