The SSVP was established by the Bertha Centre for Social Innovation and Entrepreneurship in response to the relative paucity of African teams at global social business plan competitions, and the lack of technical, financial and institutional support and sponsorship at their disposal.
By supporting social ventures in Africa, the SSVP aims to improve the participation and performance of these teams in international social business plan competitions such as the Global Social Venture Competition and the Hult Prize.
As part of the SSVP, high potential teams are provided with the necessary support with a view to connect ideas and business skills to produce more scalable and robust social ventures that have the ability to create significant social change in the global context.
The SSVP is supported by a number of local foundations, businesses and investors, namely, SAB Foundation, Bertha Foundation, and Edge Growth.
Worth
- Eligible social ventures will also be put forward to participate in other international student competitions, such as the Global Social Venture Competition and the Hult Prize and will be sponsored if invited to these international competitions.
- The top two eligible teams will be guaranteed a place at the Global Social Venture Competition regional round in London. Business plan preparation and presentation support will be provided by Edge Growth and Bertha Centre specialists.
- As part of the programme, high potential social venture teams will be provided with the necessary funding and support to develop their business skills to produce more scalable and robust social ventures that have the ability to create significant social change in the Africa and global context.
Eligibility
- The ventures should not be a wholly owned subsidiary of an existing entity.
- Ventures must not have received more than $250 000 in funding and its lifetime revenues should not exceed $500 000 as of 31 December 2015.
- Plan to be financially sustainable or profitable; whether it is for profit, non-profit or a hybrid business model, it must be self-sufficient on its earned revenue.
- Be scalable. This criterion will be unique for each business plan. Scalability will take into account the potential for growth of the business (and how well both the financial and social goals can be scaled).
- Have a quantifiable social and/or environmental bottom line incorporated into its mission and practices.
- Submitted ventures must be less than two years old. (The start of the venture is marked by incorporation or first income whichever occurred first as at 31 December 2015.)
Deadline: November 30, 2015
To apply and for more information visit here
