What is the Innovation for Social Impact Partnership?
Innovation for Social Impact Partnership (ISIP) is a three-year project that aims to support promising innovative Social Enterprises (SEs) in the Philippines to be able to collectively contribute to the achievement, acceleration, and sustainability of the SDGs. It is a project co-implemented by PhilDev Foundation (PhilDev) and the United Nations Development Programme (UNDP), supported by the Australian Government Department of Foreign Affairs and Trade (DFAT–Australia). The project’s ultimate goal is to empower social enterprises to grow and become globally competitive—contributing to broader and inclusive economic growth in the Philippines. SEs will be provided technical support and improved capacity to access capital and attract impact investors.
ISIP is anchored on three key strategies: Entrepreneurship, Education, and Policy Agenda.
What is the Social Impact Accelerator?
The Social Impact Accelerator provides Filipino social enterprises with a year of tailored support, six months of which is an intensive program, to seek investments and scale their innovations. The accelerator helps lead companies with validated business models (with proof of revenue or market traction) and at least a year of operations into growth through a dedicated program and guided mentorship to accelerate traction and revenue and secure financing. The Innovation for Social Impact Accelerator Program is housed under PhilDev Labs, PhilDev’s hub for entrepreneurship initiatives.
What kind of startups are you looking for the Social Impact Accelerator?
We’re looking for social enterprises that address the Sustainable Development Goals, have a clear theory of change to achieve impact and scale, and have been in operation for at least a year with proof of revenues or traction.
What type of teams are you looking for?
The team must be composed of at least two (2) full-time founders
Social enterprises developing innovations in the fields of Science, Technology, Engineering, Agriculture and Fisheries, and Mathematics (STEAM), led by women founders, or located outside of Metro Manila are highly encouraged to apply.
What do I get?
Selected social enterprises will get the following: a) tailored world-class mentorship from tech & business leaders, entrepreneurs, and investors; b) network support and business matching; c) impact measurement resources, tools, and training; d) investor roundtables and demo day; e) free legal services and management advisory services, and; f) free use of co-working space and facilities.
Do we have to pay to be part of the accelerator?
No, we will be providing startups participating in the accelerator access to services and events free of charge.
How long is the accelerator?
Selected social enterprises will receive a whole year of support, six months of which is an intensive program, to help achieve greater impact and scale.
Do you provide funding?
No, we do not. However, we will be holding regular investor roundtables and a Demo Day for you to be able to meet with and present to funders, corporates, and other entrepreneurs who might be able to provide funding for your ventures.
How do I apply?
Log on to isip-ph.com and look for our application form. The Call for Applications for Batch 2 will be on November 2018.
For more information on the full mechanics of the acceleration program, read our Terms and Conditions.