Impact Accelerator Launched in the Philippines

Nov 2014
Philippines, November, 03 2014 - Impact Investment Exchange Asia (“IIX”) has launched its first Impact Accelerator programme in the Philippines, an intensive in-country programme designed to accelerate early-stage social enterprises (SEs) that have high potentials to create positive social and environmental impact at scale.

The programme targets early-stage SEs that have pilot-tested their business model and established proof of concept.

The Call for Applications was formally launched at the Digital Strategies for Development Summit last 2-3 October, and closes on 7 November 2014. Successful SEs will be selected by end of December 2014, followed by a programme kick-off in January 2015.

Over a period of 6 months, the four selected SEs will receive a seed capital, a tailored one-to-one mentorship and ongoing advisory services provided by IIX and ASSIST.

The selected SEs will also have the opportunity to raise future rounds of funding on IIX’s Impact Partners platform, Asia’s leading private placement platform for Impact Investing.

In selecting its pioneer cohort of SEs, the Accelerator will focus on the following areas: stage of SEs, whether the enterprise has tested their business model and established proof of concept; strength of value proposition, if the enterprise provides meaningful solutions to a problem that affects the poor or marginalized; preferred fit with five focus sectors, if it operate in agriculture, energy, water, health or education; and scalability of business.

“The Impact Accelerator programme’s launch in the Philippines is perfectly timed when SE activity is rapidly growing and socially-minded entrepreneurs are working to address challenges across various sectors including agriculture, energy, water, health and education," said IIX Business Development executive Amy Duffuor, at the launch earlier this month.

"The programme supports the selected SEs through the early stages, by shortening the time needed to grow their business and impact more lives,” she added.

Source : Rappler

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