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Status Update

Social Innovation Accelerator and Fund

Location

South Africa

Date

2018 - Present

Description

Set up in 2010 as one element of the broad-based black economic empowerment transaction conducted by South African Breweries Ltd (SAB), the SAB Foundation is an independent trust that annually invests millions of Rands towards developing entrepreneurship in South Africa and the benefit of the wider South African community. Recognizing the unique challenges confronting social enterprises, the Foundation created the Social Innovation Award (SIA) in 2011. As the SIA matured, it became clear that many of the previous awardees needed more time, resources and support to realize their ambitions. In response, SAB Foundation created a new Accelerator and Fund for its previous SIA winners, which provides investment readiness support and financial resources. The programme was launched in October 2017, and now has accepted three separate cohorts of 8-10 businesses each over the last three years.

IA Role

Impact Amplifier manages this acceleration programme and supports the allocation of funding to the businesses in the programme, which become investment ready. The programme is designed to offer entrepreneurs the skills, knowledge, documentation and funding required for immediate success, but also to position them for future rounds of funding from other investors. The businesses in the 2019/2020 cohort focus on a diverse range of social issues, such as:  Financial Inclusion, Education, Disabilities, Small Scale Agriculture, Early Childhood Development, Healthcare, and Gender Equality.

Status Update

Recent Work

Building Resilience and Impact Assessments

Client:

Nando's

Locations:

South Africa, USA, United Kingdom, Mozambique, Zimbabwe, Malawi

Date:

2012 - Present

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Capacity Building Programme For Entrepreneurs and Intermediaries

Client:

SAIS

Locations:

South Africa, Namibia, Zambia, Zimbabwe, Tanzania, Malawi, Botswana

Date:

2019 - Present

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Africa Online Safety Fund

Client:

Google.org

Locations:

Senegal, Ivory Coast, Nigeria, South Africa, Kenya, Ethiopia

Date:

June 2020 - Present

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South African Food Ecosystem Impact Assessment

Client:

FoodForward South Africa (FFSA)

Locations:

South Africa

Date:

June 2020 - Present

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Digital Skills Marketplace

Client:

Google.org

Locations:

South Africa

Date:

2019 - Present

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