We are currently in the selection process for the seventh cohort of the South African Breweries Foundation’s Social Innovation Accelerator and Fund (SIF) – an initiative managed by Impact Amplifier.
The SIF provides investment readiness and funding support to some of the most interesting and innovative social enterprises in South Africa.
On the eve of selecting the next group, we have reflected on the remarkable success of the businesses that have participated to date. Consider:
♦️ 45 businesses, via six separate cohorts, have completed the programme or are currently engaged.
♦️ Over R35 million has been awarded as grants and/or loans to the businesses involved. These businesses have been provided with new skills such as financial modelling & planning, growth strategy, market access, and impact modelling & management. In addition, these businesses have each developed an investment case and have been provided with the funding required for success. They are also positioned for future rounds of funding from other investors post the programme.
♦️ These six cohorts reflect a diverse range of businesses, addressing: Economic Development, Education, Healthcare, Disabilities, Housing, Safety and Security, Small Farming, and Transportation.
The following has been achieved over the last 18 months:
Critical services have been provided throughout South Africa, including:
We look forward to sharing updates on this initiative as the next cohort is selected.