Social entrepreneurs who want to expand their business with tailored consulting and financing from NESsT and IKEA Social Entrepreneurship can apply to join the three-year acceleration program by May 3, 2021.
The aim of the program co-created by NESsT and IKEA Social Entrepreneurship is to provide employment, access to better job opportunities and increase wages for 1,200 people from particularly vulnerable groups, including youth at risk of exclusion, women at risk of exclusion, people with disabilities, ethnic minorities, migrants. and refugees and small farmers.
Locally operating social enterprises have particular competencies to improve the situation of low-income, excluded and most vulnerable communities. These companies are locally rooted, enjoy the trust of their communities and have built social businesses in line with the best interests of their members.
NESsT, Impact Investor financing early-stage social enterprises and IKEA Social Entrepreneurship have joined forces to strengthen and help scale 10 social enterprises from Poland and Romania. The program will combine business knowledge and observations of IKEA employees with NESsT’s experience in investing in social enterprises to help 10 leading social businesses achieve greater impact. Each entrepreneur qualified for the program will receive flexible financing combined with support in the areas of business and financial modeling, financial management, people management, management structure, marketing and sales, communication, social and environmental impact measurement, as well as investment readiness and support in accessing new sources. financing.
In addition to improving livelihoods for people from vulnerable groups, the program will give priority to social enterprises dealing with climate change issues caused by people’s irresponsible use of the environment. In the context of Poland and Romania, this problem is related to excessive dependence on the coal industry, and manifests itself in particular in poor air quality.