IMPACC START-UP!

BECOME AN IMPACC START-UP!

The application window 2024 is open and will close in May 2024. If interested, submit your introduction application and if you qualify to move to the next stage of application, we shall invite you to submit a detailed application. 

What Are We Looking For?

To ensure a fair and comprehensive evaluation process, Impacc has established specific criteria that must be met by applicants. Keep in mind, you don’t have to check all boxes.

• Business stage of growth: We consider social businesses that have been operating for more than two years, and are generating annual revenues between USD 20,000 to USD 150,000. Our aim is to help these businesses achieve a growth goal of USD 200,000 within two years.
• Innovation and Job Creation: We give priority to innovative social businesses that contribute to the creation of local green jobs and uplift the living standards of communities at the base of the pyramid. We are open to discussing a franchise approach as part of your scaling strategy.
• Market Potential: We are interested in social businesses with clear plans for regional scale and growth, focusing on making a positive impact on millions of individuals living on less than $2 a day in Africa. It is important for these businesses to have a well-defined profitability roadmap.
• Strong Team: We value founding teams with relevant expertise and capabilities. Clearly defined roles, responsibilities, and a dedicated time commitment are vital for success. Understanding the local operational, geographical, political, or social context is essential.
• Scalability: We are particularly interested in businesses that have the potential to scale effectively. Commitment to data-driven decision-making and a willingness to share lessons learned are crucial attributes we look for.
• Social Impact: We require a clear and demonstrable plan for generating impact. It’s important that the impact is trackable and measurable. We encourage a commitment to self-evaluation and the active collection of data.

What we offer

Selected entrepreneurs will not only receive funding within 6-12 months but also customized technical support to complement their efforts in building scalable businesses that create local, green jobs.

Financial Support

• Smart equity investment between $30,000 and $150,000
• Non-profit, minority shareholding 
• Based on agreed business valuation and investment consideration 
• Potential to receive additional loan facility beyond initial equity funding to scale the business further
• Further fundraising support and tools

Business Growth Support

• As an investor in the business, we become a partner that provides guidance on strategy and planning.
• Impacc occupies 1 to 2 board seats.
• The business receives mentorship from key industry expertise and coaches to provide tailored support.
• Social media strategy support.
• Specialized, one on one coaching with founders.
• Access to the Impacc global network and partners to help grow and scale the business
• Branding strategy support.