SIA Incubation Program to become a Social Entrepreneur (Mexico)

The program helps young people discover the field of social entrepreneurship, and take the first steps needed to build a social enterprise.

The incubation provides all the resources and support you need to transform your idea into a successful venture. They have limited spaces, so they ask all the interested parties to upload their application. This allows the expert jury to select the most promising ideas based on their potential impact, degree of innovation, feasibility and team capacity.

Benefits

Incubation provides participants with the following benefits:

• Personalized support: The group of experts and mentors offer personalized guidance to start your business and define the impact models of any step along your path.
• Meaningful connections: You are part of a cohort of like-minded young people with whom you can form alliances and exchange ideas.
• Global Exposure: You can get your first followers and gain visibility with community votes, an annual campaign where thousands of people vote for their favourite projects.
• Key Resources: The most promising projects win a place in one of the awards, which includes funding, recognition, and a ticket to the annual SIA Summit. You also have access to additional benefits that could include a co-working space, unique partner opportunities, and more.

Opportunities

Successful applications have a wide range of opportunities, including:

• Mentoring and support in validating your business and impact model, forming the prototype of your idea, and finding first clients and followers.
• A chance to win the SIA, including funding, awards and a trip to the SIA Annual Summit.
• Connection with the global community of alumni who have created more than 1,000 social enterprises in more than 25 countries.

Eligibility Criteria

To maintain the consistency of the eligibility criteria, they allow themselves to focus the mission on helping young people take their first steps in the world of social entrepreneurship. Applicants must meet the following criteria:

• To ensure they maintain the youth focus of the efforts, all core project members must be between 18 and 30 years of age.
• They receive ideas that have not yet been implemented and ideas that are in the early implementation phase. However, those ideas that are in the early implementation phase can apply only if the project was funded after January 1 of the previous year.
• Projects wishing to participate should not have received significant funding to start at the time their application is submitted. This is defined as resources obtained from external sources that exceed the value of €6,000 (e.g. angel investors, grants, monetary awards, among others).
• Applicants should not have participated in the SIA incubation with the same idea with which they applied, nor should they have won any previous edition of the SIA.

For more information, visit Social Impact Award.