A new global accelerator programme from UBS promises up to $40,000 and mentoring to high-potential social enterprises that are delivering innovative solutions to society’s most pressing challenges.
Those shortlisted as “UBS Social Innovators” will join the programme in 2017 to help them grow their organisations and achieve greater social impact.
Caroline Anstey, Global Head UBS and Society, says: “At UBS, we believe our clients can do well by doing good – that social investments can be profitable investments. But there is a gap: many social enterprises have difficulty growing large enough to become truly investable. We hope to identify innovative social enterprises that are at that difficult point and help them to scale.”
The tailored package of support will include access to UBS’s network and know-how, global exposure and expert coaching. UBS Social Innovators is being launched with support from Ashoka, global pioneers in the field of social entrepreneurship since 1980.
Eligible social enterprises can be working in any field and tackling a social or environmental issue at any scale from local to international. They must have developed their solutions beyond proof of concept and already be up and running and potentially looking to grow through social investment.
Up to 12 shortlisted social enterprises in each participating region will be invited to a two-day Regional Bootcamp, during which they will pitch for a spot in their Regional Final. One social enterprise from each region will earn the title of UBS Social Innovator.
The deadline for submitting the official application form is 31 August 2016, 23:59 Central European Summer Time. Official application forms are available from www.ubs.com/social-innovators
UBS Social Innovators is an initiative of UBS and Society, UBS’s cross-divisional platform covering all of UBS’s activities in sustainable investing and philanthropy, environmental and social policies, including supply chain management, and community investment.
This will build on UBS’s existing support for social entrepreneurs delivered through its programmes in Community Affairs, Philanthropy and the Optimus Foundation.
Bill Drayton, Founder and CEO of Ashoka, says: “The partnership between UBS and Ashoka is important. As the rate of change in the world continues to accelerate exponentially, financial and social systems must change profoundly – and much faster. Such change requires the top-calibre social entrepreneurs we will help launch and grow together.”
Regional Bootcamps and Summits
Regional Bootcamps and Regional Summits will take place as follows:
• APAC region: Regional Bootcamp and Summit combined on 22 and 23 October 2016 in Singapore
• EMEA region: Regional Bootcamp on 18 and 19 October 2016 and Regional Summit on 4 November 2016, both in London, United Kingdom
• Switzerland: Regional Bootcamp on 20 and 21 October 2016 at Ermatingen (Schloss Wolfsberg), Switzerland, and Regional Summit on 3 November 2016 in Zurich, Switzerland
All shortlisted social enterprises will be invited to their region’s Bootcamp, where they will receive mentoring and support from UBS and Ashoka experts to help propel their vision to the next level and introductions to philanthropists and social investors from UBS’s and Ashoka’s unique global networks. Four social enterprises in each region will be selected as Regional Finalists and will attend the Regional Summit.
Each Regional Finalist will benefit from an advanced introduction on social investment, guiding them through the key elements from developing social impact metrics through how to refine their revenue model. They will also get the chance to pitch their social enterprise to be chosen as the UBS Social Innovator in the region, receive a cash grant of $40,000 and enter our Accelerator program. The three other Regional Finalists in each region will each receive a cash grant of $5,000.