PRESS RELEASE: Impact Accelerator launched in the Philippines
Monday, November 3, 2014
MANILA, Philippines — Impact Investment Exchange Asia (“IIX”) has launched its first Impact Accelerator programme in the Philippines, an intensive in-country programme designed to accelerate early-stage social enterprises (SEs) that have high potentials to create positive social and environmental impact at scale.
The programme targets early-stage SEs that have pilot-tested their business model and established proof of concept.
The Call for Applications was formally launched at the Digital Strategies for Development Summit last 2-3 October, and closes on 7 November 2014. Successful SEs will be selected by end of December 2014, followed by a programme kick-off in January 2015.
Over a period of 6 months, the four selected SEs will receive a seed capital, a tailored one-to-one mentorship and ongoing advisory services provided by IIX and ASSIST.
The selected SEs will also have the opportunity to raise future rounds of funding on IIX’s Impact Partners platform, Asia’s leading private placement platform for Impact Investing.