{"id":10914,"date":"2023-07-11T06:48:47","date_gmt":"2023-07-11T06:48:47","guid":{"rendered":"https:\/\/www.impacc.org\/join-the-cohort\/"},"modified":"2024-10-29T15:41:42","modified_gmt":"2024-10-29T15:41:42","slug":"join-the-cohort","status":"publish","type":"page","link":"https:\/\/impacc.org\/de\/join-the-cohort\/","title":{"rendered":"Join the Cohort"},"content":{"rendered":"\t\t
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Become an Impacc start-up!<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We currently do not have active investment rounds, but you can express your interest in future opportunities by completing this form.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Become an impacc start-up<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Gain Scale and
Strategic Support<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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From personalized mentoring and strategic insights to access to funding opportunities and industry connections. With our cutting-edge resources, expert guidance, and extensive network, we provide the perfect ecosystem for your venture to thrive. Whether you’re a start-up looking to make a big impact or an established SME with social or sustainable impact aiming to scale even further, Impacc is your ultimate partner in success.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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START-UP
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Application Criteria<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What are we looking for?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To ensure a fair and comprehensive evaluation process, Impacc has established specific criteria that must be met by applicants. Keep in mind, you don\u2019t have to check all boxes.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Business stage of growth<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Innovation and Job Creation<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Market Potential<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Strong Team<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Scalability<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Social Impact<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Application Process<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Steps to Become an Impacc Start-Up<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In order to make sure that you fit our investment criteria, we undertake a rigorous selection and due diligence process. Once we have decided to invest, we will run a fundraising campaign to close a raise for your business. While we aim to invest individually, it may take 6-12 months, form selection to successful raise of investment.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tStep 1: Submit Initial Application<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Fill out the form to give us an insight into your business. This will include, among other things, your business model, competitive analysis, and budgetary projections. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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If you are selected as a potential Impacc investment candidate, our investment committee will undertake an extensive due diligence of your business. This will include a desk review of your documentation, reference calls, physical visits, and input from external technical experts.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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The investment committee makes its final decision based on the outcome of the due diligence process after careful consideration and communicates it to the successful candidates.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Once your business has been conditionally approved for investment, you will both sign a Letter of Commitment (LOC), kickstarting your formal engagement with Impacc. Impacc will then run a fundraising campaign introducing all selected businesses. This campaign may take up to 12 months to successfully close a raise, depending on the amount and the attractiveness of the business case. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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After a successful raise, a valuation process will be undertaken and an investment agreement entered into. Funds will be disbursed in tranches, pegged on completed growth milestones. Alongside funding and to further support in attaining envisioned growth, the ventures will receive in depth technical support such as executive coaching, technical expertise, go to market strategies, linkages to strategic partners as well as further fundraising opportunities.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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impacc Business Building<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What do we offer?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Oftentimes, investors demand quick profitability from their investees, which can dilute their social mission. While Impacc is a demanding investor, our patient capital approach allows you the time you need to build something great, while our expertise helps you get there, faster.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Financial Support<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Smart equity investment between $30,000 and $150,000.<\/li>\n
  • Non-profit, minority shareholding.<\/li>\n
  • Based on agreed business valuation and investment consideration.<\/li>\n
  • Potential to receive additional loan facility beyond initial equity funding to scale the business further.<\/li>\n
  • Further fundraising support and tools.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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    • As an investor in the business, we become a partner that provides guidance on strategy and planning.<\/li>\n
    • Impacc occupies 1 to 2 board seats.<\/li>\n
    • The business receives mentorship from key industry expertise and coaches to provide tailored support.<\/li>\n
    • Social media strategy support.<\/li>\n
    • Specialised, one on one coaching with founders.<\/li>\n
    • Access to the Impacc global network and partners to help grow and scale the business.<\/li>\n
    • Branding strategy support.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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      Nachrichten & Blog<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      Start-up Updates<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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      \n\t\t