The overall objective of the Accelerator is to help social ventures who are seeking investment become "investment ready". When considering investments, there are a number of key things that we look for:
The problem addressed is clearly defined and well understood
The proposed solution addresses the problem and seems possible to implement
The social entrepreneur intends to work toward significant scale and/or system change and has an initial idea of how to approach each
The proposed business and financial models make sense and seem feasible to achieve
The social entrepreneur is able to pitch their project clearly, confidently and inspiringly
Most social ventures don't come to us with all these five things figured out. To provide the social venture with the understanding and tools they need, the Accelerator combines a series of workshops, one-to-one support and "validation" time (time spent back out in the field testing hypotheses and gathering more information)
Fulfillment of the five Accelerator objectives is assessed through our Investment Readiness Index before and after the Accelerator, in order to track development as well as to identify the most qualified social ventures to be selected for the Incubator (read more about the index in the section “How we measure impact”). The average Investment Readiness Index obtained by social ventures before the Accelerator was 54, and the average index obtained after the Accelerator was 79 - an average increase by 23 Index points. Among the social ventures that were selected to the Incubator, the Investment Readiness Index averaged at 85.
felt that the Accelerator program helped them improve their solution
felt that the Accelerator program helped them improve their plan for scaling impact
felt that the Accelerator program helped them improve their ability to clearly and confidently pitch their idea/project
I managed to improve my financing programme and to bring a new programme to the market and I couldn’t have done it without the accelerator. It taught me about business models as well as marketing, so I could market and sell my ideas and business more confidently. I've now started to pitch my business to other programs because of the things I learnt!"- Accelerator participant from Ethiopia
I agree Our site saves small pieces of text information (cookies) on your device in order to deliver better content and for statistical purposes. You can disable the usage of cookies by changing the settings of your browser. By browsing our website without changing the browser settings you grant us permission to store that information on your device.