Application deadline; April 16, 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 our 6 months Ashoka Social Investment Accelerator by Ashoka Africa, designed to support social entrepreneurs!
For 35 years, Ashoka has pioneered the field of social entrepreneurship – finding, selecting and supporting some of the world’s leading social entrepreneurs. Our 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. Ashoka Fellows are extraordinary changemakers. But we believe that everyone needs to become a changemaker.
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.
The Social Investment Accelerator consists of 8 modules. It will start with a kick-off 2-day workshop where the first 4 modules will take place. Over the 4 months period after the workshop, the other 4 modules will run as an online mentoring program. Entrepreneurs will be assisted by 3 experienced mentors and specific assistance will be provided by experts on topics such as marketing, sales, legal, accounting, impact, geographic expansion, support on business models. The Program will end with a Public Networking Event, where entrepreneurs will be given the opportunity to pitch in front of our partners, Business Angels and Social Impact Investors. See below for more details.
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 focussed 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.