Deadline: 10-May-23
AMP Foundation is now launching Tomorrow Makers – SPARK, a fully subsidised 20-week program designed to support and empower aspiring social entrepreneurs, delivered in partnership with Impact Boom.
Whether you’re an individual with a vision for social change or a group with a mission to make a difference, they want to hear from you. Share your spark with us, tell us about your idea – where it originated, the impact you’re looking to make, and how you’ll measure it, and let’s make it happen together.
You’ll receive a grant of up to $20,000 along with resources like business development, education, training, coaching, and connection into the broader social enterprise ecosystem.
SPARK is a fully subsidised 20-week program delivered in partnership with Impact Boom that includes a series of immersive workshops, weekly digital modules, and ongoing support from industry experts and mentors. You’ll learn key skills such as business modelling, pitching, marketing, and more, while also having the opportunity to connect with like-minded individuals and build your network.
Streams
- Social enterprise ideas must support at least one of their funding streams:
- Female-led businesses
- First Nations People
- Retiring with Dignity
- Financial Capabilities
Benefits
- Tomorrow Makers will each receive a grant of up to $20,000 (the “Funds”). The grant will be distributed in four instalments based on the completion of key milestones.
- The timeline for the distribution of the grant is as follows:
- Week 1: $5,000 at the beginning of the program
- Week 6: $5,000 upon submission of a revised business model
- Week 15/16: $5,000 post-delivery of the practice pitch
- Week 20: $5,000 upon completion of the program
Benefits and outcome:
- By completing SPARK, you’ll gain a range of benefits and outcomes, including a solid business model to assist with future funding and support, access to a closed alumni group for continued learning and networking, and the chance to showcase your achievements at their awards night in December 2023.
What can the funds be used for?
- The Funds can be utilised for a diverse set of purposes such as supporting you as you take time off from any paid employment in order to participate in this program, pursuing academic or research endeavours to support your social enterprise, purchasing equipment or tools relevant to your project and purpose.
- Whatever helps support you through the SPARK program or develop your social enterprise whilst you participate in SPARK.
Eligibility Criteria
- All applicants for a Tomorrow Makers grant must meet the following criteria:
- Be an Australian citizen or permanent resident.
- Applicants/applicant organisations must be:
- An existing social enterprise with either a new idea or looking to scale their existing operation (same service however new territory or market).
- An individual or team (up to four people) with a new social enterprise idea
- No grant funding has been received for the social enterprise idea.
- The application must meet the program definition of a “social enterprise” (For profit, For Purpose)
- Must be able to measure social impact and generate some revenue.
- The social enterprise must support at least one of the following funding streams: Female-led businesses, First Nations People, Retiring with Dignity and Financial Capability.
- Must be able to commence and participate in the SPARK program starting on Tuesday 18 July 2023.
For more information, visit AMP Foundation Tomorrow Makers.