Yunus Social Business (YSB) just launched its first Social Business Accelerator Program in Uganda! Yunus Social Business Foundation Uganda Ltd was incorporated in Uganda in 2014 as a social business support organization purposely to address pressing social and environmental problems in Uganda in a financially sustainable manner by promoting and empowering social businesses through provision of business development services, impact investment funds and related technical support. YSB Uganda is a subsidiary of Yunus Social Business Funds gGmbH in Frankfurt, Germany, which is taking the lead in replicating social businesses around the world. Established in 2011, Yunus Social Business has been able to leverage significant experience and expertise developed in Bangladesh and replicated across 7 countries into fully integrated and customized local social business solutions. With a proven track record of managing approximately US$ 8 million across the seven investment countries, we are a pioneering and a global leader in the social business sector.
The Accelerator Program Yunus Social Business Uganda is launching its first Social Business Accelerator Program in Sub-Saharan Africa in Uganda. The Accelerator Program commences today with a 3-week training, to be followed by a 5-week testing and a 2-week refining that will culminate in an Investor Demo day.
Fifteen acceleratees have been selected from the following sectors: Health Education Renewable Energy Agri-business / Value addition. During the accelerator program, clients will be able to access tailor made services like Mentoring, Individual Coaching, Social Business Development, Networking, Leadership Conversations, Opportunity for Finance, and Formation by Social Business experts across the YSB network. Role of Yunus Social Business - Uganda Yunus Social Business’s aim is to support sustainable economic development in the markets in which they operate with the conviction that SBEs are a crucial catalyst for social development and poverty alleviation. It is widely acknowledged that appropriately structured support and impact investment for SBEs will assist in driving long-term employment and a number of other related social benefits. However, while the support of SBEs presents significant potential for change and empowerment, there is need to develop and prepare them for Impact Investment hence the need for a Social Business Accelerator program. In reality, many SBEs find themselves in the “missing middle” where they do not have the collateral required for secured lending and are too small for private equity but too large for micro-finance. Addressing this need is Yunus Social Business’s pioneering and award winning Social Business Model for growth finance. Under-pinning Yunus Social Business’s financial support is the business support sourced from an experienced in-house team, as well as working in partnership with skilled local and international experts. This comprehensive support shall be provided from application, acceleration, investment, through to the exit of a client.
A social business needs to deliver results in three core areas; social impact, financial sustainability, and organisational resilience. But in order to mature in these areas businesses need more than just capital; they also require non-financial support, training and access to networks.
Meet our social entrepreneur Moses from Uganda, who shows how growing pineapples can improve the future of an entire community.
This is for growth-stage businesses that seek to solve a social problem. We are looking for businesses that want to level up and become ready for investment. Social Businesses that seek to apply to the programme should be generating revenues of around US$250,000.
For 14 months, we’ve been working closely with remarkable employees at some of the best known corporations in the world. We wanted to understand how they are driving corporate innovation from within and making their companies a force for good. On Tuesday, we spoke live to some of these intrepid Social Intrapreneurs, and shared the findings from our extensive joint research. Here’s what we learned
So, here we are. The time for change and personal re-shaping through resolutions is upon us already. But this doesn’t just mean an opportunity for personal improvement, it also means a time for professional self-development too.
The accelerator program by Yunus Social Business and Upaya Social Ventures will bring essential knowledge, capacity, and networks to early-stage social entrepreneurs