Apply for SIA Incubation Program to build your own Venture (Austria)

The incubation offers you a comprehensive program and all the support you need to build a successful venture. While the most promising incubation ventures take home a social impact award, the program equips all participants with the skills and knowledge they need throughout the journey to social entrepreneurship.

The program helps young people discover the world of social entrepreneurship and take the first steps towards building the own venture. Since 2009, they have supported young changemakers in more than 25 countries.

Benefits

• The incubation phase offers participants the following advantages:
  • Individual support: Their experts and mentors offer you personal advice in developing and prototyping your business and impact model in every phase of the process.
  • Important networks: You are part of a group of like-minded young people with whom you can build lasting relationships and exchange ideas.
  • Global presence: You can generate your first followers and gain visibility with their Community Voting – an annual campaign in which thousands of people vote for their favorite venture.
  • Important resources: The most promising ventures will be recognized with one of their prizes. Through the prizes, the winners not only receive recognition and funding, but also a ticket to their annual international SIA Summit. They also offer access to other offers such as: B. a co-working space, unique opportunities with partners and much more.

Eligibility Criteria

• By adhering to consistent evaluation criteria, they can fulfill their mission of helping young people take their first steps into the world of social entrepreneurship. Applicants must meet the following criteria:
  • To ensure that the majority of their offering is aimed at young people, all core team members must be between 14 and 30 years old.
  • They welcome ideas that have not yet been implemented as well as ideas in the early stages of implementation. However, ideas in the early implementation phase can only be submitted if the project was founded after January 1st of the previous year.
  • The submitted projects must not have received any significant formal start-up funding at the time of application. This is defined as formal grants from external sources that exceed €6,000 in value (e.g. angel investment, scholarships, prize money, etc.).
  • Ideas submitted in previous years, excluding previous finalists or winning projects, can be resubmitted. Individuals/teams can apply with new ideas, even if they were selected as finalists or winners in previous years.

For more information, visit Social Impact Award.