There is a new funding opportunity from Social Impact Hub, which is a great programme that puts philanthropic companies in touch with social enterprises. They are currently calling for expressions of interest for funding. The funding would be in the form of either equity in your endeavour or a loan. There is a simple web form for you to express your interest in their highly acclaimed Scaling Impact Accelerator Program for social enterprises and purpose-driven startups looking to grow their business and prepare for future impact investment.
Kicking off in May 2022, the Scaling Impact Accelerator is a value-packed, five-month program that includes a series of masterclasses, tailored advisory support and mentoring, with a focus on preparing for future impact investment.Funded through the Australian Government’s Entrepreneur’s Programme and the Sidney Myer Fund, together with support from EY and the English Family Foundation, the Scaling Impact Accelerator Program focuses on addressing the needs of social start-ups at a crucial point in their development – the inflexion point between building on a proven track record and preparing to take on impact investment.
Since participating in the program, several of the enterprises have already successfully raised capital, while the Social Impact Hub has also gone on to secure Impact Investment Ready Growth Grants (IIRGG) for a number of the enterprises to provide the further support necessary to raise capital and fast-track their growth and scale of impact.
Applications close 1 March 2022!
Learn more and apply here: https://www.socialimpacthub.org/scaling-impact-accelerator
We will certainly be lodging an expression of interest for Enabled.vip. Because we are a not-for-profit, I am envisaging that the funding will be equity, with an agreement of dividends once we pass a certain number of paying members. The platform was able to organise pro bono legal advice from MinterEllison through the Social Impact Hub.
We thought this might be of interest to members of the platform.