Investment Readiness Support for a Social Enterprise
Bewerbungsfrist
Projektstart
Projektende
Background of the project
- In partnership with Credit Suisse, Empact is running a programme designed to empower founders and leadership teams of 11 social enteprises in APAC. Called baSEcamp, it aims to equip these founders and leadership teams with strong business perspectives, address their specific organisational and individual challenges, as well as provide opportunities for peer learning.
- One of the participants of baSEcamp is finding it challenging to communicate their niche business model to investors. As a result, they struggle to find suitable investors in the region who buy into their unique social enterprise model to support their work.
About the social enterprise needing support
- Based in Bangladesh, this SE is an omni-channel marketplace of affordable products and services for industrial workers. They operate grocery stores inside apparel factories and achieves up to 9% cost-savings for the workers through negotiations with suppliers. Their stores also offer health insurance and zero interest credit facility to the workers.
What is currently done
- They are looking to raise 300K as equity and 200K as Debt. Already raise 100K equity. In discussion with two investor for equity and with Bank for debt.
How would the project benefit the enterprise
- It will help build the capacity of the founder to raise funds more effectively to scale up the impact of their work.
Extra note on number of volunteers required
- The ideal number of volunteers for this project is 2 - 4 pax.
Extra note on timeline / start and end of project
- The start and end date of the project is flexible; as long as it happens between Oct and early December 2022. Volunteers need to commit up to 3 working sessions with the social enterprise (see Milestones for more information); timeline will be dependent on everyone's availability.
- Insights into profiles of impact investors and how to approach them
- Review their fundraising strategy and provide feedback and support in pitch deck and strategy
Empact will conduct an onboarding session to prepare the volunteers for the project. Things that will be covered in the session include:
- The social enterprise landscape
- Challenges that social enterprises face
- Specific information about the social enterprise receiving your support
Empact will also be present at all meetings to bridge any context where necessary.
Meilensteine
Onboarding Session
A 1h session where Empact will onboard volunteers on the social enterprise landscape/ context, and share more information about the social enteprise that the volunteers would be supporting.
Kick-Off with Social Enterprise
A 1-1.5h kick-off session with the social enterprise. Objectives are to
- Get to know one another
- Understand background of the challenges the social enterprise is facing
- Align on the scope of the project (i.e. the expected deliverables and timeline)
Working Sessions
Up to 2 working sessions with the social enterprise to co-create the deliverables. Each session can be between 1-2 hours, depending on the agenda.
Remote Work
Where necessary, volunteers may need to work on the deliverables outside of the working sessions.
Skills
Notwendig
Von vorteil
Sprachen
Notwendig
Unterstützte UN SDGs
Empact
At Empact, our mission is to build the capacity of nonprofit organisations and social enterprises, so that they can scale their social impact. Find out more here: empact.sg
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