Applications for Big Venture Challenge 2015 are open.
We’re looking for another 40 outstanding social entrepreneurs who are committed to scaling up their social impact. This is the final year of the 3 year Big Lottery funded programme, so this opportunity may not be repeated.
The programme supports ambitious, ‘high potential’ social entrepreneurs to raise investment and rapidly grow their ventures by building a compelling growth story, finding investors, making strategic connections and supporting the entrepreneur during the journey.
What we’ve achieved so far:
- Big Venture Challenge has attracted over 64 new investors to the ‘investment for good’ space
- The average seed investment round of ventures that take part in the programme is £248,000 and the largest round so far was £550,000
- Throughout the programme we have raised £5m in risk capital committed as social investment hitting our target 16 months ahead of schedule
- We have £1,700,000 match finance available to our 2015 cohort
Importantly, the social impact is at the forefront of what we do; it is a programme requirement that the social impact scales in line with revenue and margin increases. All growth plans show this linkage. 1,000s of people will feel the benefits; children and adults with learning difficulties, older people isolated in their own homes, children in danger of disengaging with education and long term unemployed people. The range of disadvantage tackled is wide, however, there is a consistent theme; helping those excluded to be more included.
But don’t just take it from us here are a few words about the programme from our Award Winners:
“We wouldn’t be anywhere like what we are now if it wasn’t for Big Venture Challenge. UnLtd have given increasing amounts of help and feedback and that’s been very useful, and the BVC gave confidence to other partners to recognise us with awards.”
— Mohammad Al-Ubaydil, Paitents Know Best
“Participating in Big Venture Challenge far exceeded my expectations. It was the launch pad for me getting all the other partnerships since then. Before BVC, we hadn’t been recognised formally by anyone. The support from the UnLtd team was invaluable. They gave me lots of confidence and support through all the ups and downs over the past three years, and they still do. I count them as friends. BVC has been a brilliant experience.”
— Zoe Peden, Insane Logic
“BVC enabled us to show other people what we were doing. It instilled confidence into us to take risk and go to the next stage. BVC enabled us to have a voice which was important. If an organisation is going to be around for 20 or 30 years, we need succession and programmes like BVC to train the future social enterprise leaders.”
— Michael Lille, My Time CIC
We want to hear from you if you are if you are an entrepreneur tackling social disadvantage and looking to raise investment of between £50K-500K and have ambitious plans to scale.
Find out more and apply here> https://unltd.org.uk/bvc/apply