Submissions open for Social Impact Award Incubation Program (Moldova)

Their incubation provides you with all the resources and support you need to turn your idea into a successful business. As they only have limited places available, they ask all interested parties to submit an application. This allows their expert jury to select the most promising ideas based on potential impact, degree of innovation, feasibility and team capacity.

Benefits

• Successful applicants have access to a wide range of opportunities, including the following:
  • Mentoring and support in validating business and impact models, prototyping your idea, creating your first followers and customers.
  • A chance to win the Social Impact Award, which includes funding, recognition, and a ticket to their annual SIA summit.
  • Connecting with their international alumni community of over 1000 social entrepreneurs from over 25 countries.

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:
  • To ensure that they focus their offerings on youth, all members of the core candidate team must be between the ages of 14 and 30.
  • They welcome both ideas that have not yet been implemented and ideas in the initial phase of implementation. However, ideas in early implementation can only be submitted if the project was founded after January 1 of the previous year.
  • Applicant projects must not have received significant formal start-up funding prior to the submission of the application. This is defined as formal subsidies from external sources exceeding a value of €6,000 (e.g. angel investments, grants, cash prizes, etc.).
  • The applicant must not have participated in the SIA incubation with the same idea with which they applied, nor have they won the Social Impact Award in previous years.

Selection Process

• Eligibility Check
  • Their local SIA team reviews all applications to ensure they meet the formal eligibility criteria.
• Jury Selection
  • Their jury of experts from the private, public and plural sectors evaluates the applications based on their evaluation criteria.
• Announcement of the Finalists
  • Their local team announces the finalists who will get to participate in the incubation at a dedicated event.
• Application Feedback
  • Their local team offers all applicants (not just finalists) the opportunity to receive feedback on their application.

For more information, visit SIA.