Call For Applications ImpactAim Venture Accelerator

Source can be found here.

Impact focus areas are:

• regional urban and rural development
• sustainable agriculture and food processing
• green economy | renewable energy, energy efficiency, recycling and waste management, water management
• innovation and technology-enhanced initiatives on public and social services, education, healthcare, other.
• empowerment of vulnerable groups

ImpactAim ventures will be selected based on:

 

1.Problem definition and impact

The venture’s solution is addressing a clearly defined social and/or environmental problem.
The venture has the potential to make an impact on the community, industry sector and/or geographic location it operates in, and the targeted/achieved impact is measurable.

2. Innovative approach

Demonstrates an innovative approach in addressing a neglected / ineffectively addressed social and/or environmental problem. The approach could include either an innovative solution and/or an innovative business model.
Collaborations with the government, private sector, academia, NGOs, and civil society are in place.

3. Market and scalability

Replicable, scalable business model targeting sustainable operations.
There is clear evidence of market demand for the product or service, demonstrated by sales and market share in the country of operation, as well as by interest from partners or customers in other countries.

4. Social dimension

There is a clear focus on integrating underserved populations into the value chain of the venture through job creation, capacity building, and empowerment projects, local sourcing of goods and services, etc.
There is a demonstrated attempt to strive for equal opportunities (gender, race, religion, etc.) in the team, and other activities of the venture (supply chains, employees, customers).

5. Team

A team with up to 4 founders.
The team demonstrates the appropriate skills, motivation, commitment, and ambition to grow the venture and using the program support to scale their solution to other countries.

 

Program Timeline

 

Shortlisting criteria

Problem Definition and Impact (10%),
Innovative Solution (15%),
Market and Scalability (25%),
Social Dimension (25%),
Team (15%)

The finalists will be selected by the program team based on individual interviews. The final list will be subject to approval by the UNDP CO Senior Adviser.

Only 8 finalists will be shortlisted to be part of the program. Selected ventures will receive performance grants .