Deadline: 27 May 2024
Build your own business! Take the first step as a social entrepreneur! During the incubation program, you will receive all the resources you need to turn your idea into a successful business.
Their incubation provides a comprehensive experience that ensures the support needed to build a successful business. Although the incubation’s most promising businesses will take home the social impact award, the experience will provide each finalist with skills and knowledge that will help them throughout their social entrepreneurship journey.
Their program helps young people discover social entrepreneurship and take the first steps towards creating a social enterprise. Since 2009, they have supported young social entrepreneurs in more than 25 countries.
Benefits
- Incubation provides the following benefits to participants:
- Tailored support: their network of experts and mentors provide personalized guidance to finalize and prototype your business and impact models every step of the way.
- Meaningful relationships: you belong to a team of like-minded young people with whom you can build long term relationships and exchange ideas.
- Global exposure: Create your first base of followers and gain exposure with their community poll, an annual campaign where thousands of people vote for their favorite businesses.
- Key resources: The most promising businesses can take home one of their awards, which includes funding, recognition and a ticket to their annual SIA Summit. They also have access to additional benefits, which may include a co-working space, unique opportunities from partners, and more.
Eligibility Criteria
- By maintaining consistent eligibility criteria, they are able to fulfill their mission of helping young people take their first steps into the world of social entrepreneurship. Applicants must meet the following criteria:
- In order for their program to continue to focus on young people, all members of the applicant core team must be between the ages of 14 and 30.
- They accept both ideas that have not yet been implemented and those that are in the early stages of implementation. However, ideas in the early implementation phase can only be submitted if the project was created after January 1 of last year.
- The applicant projects could not receive significant official start-up funding until the application was submitted. By this they mean official grants from external sources exceeding the value of EUR 6,000 (e.g. angel investment, scholarship, award, etc.).
- The applicant team cannot participate in the SIA incubation with the same idea with which they applied and won the Social Impact Award in previous years.
For more information, visit Social Impact Award.
