ISED Investment/Accelerator Program
- 4. ABOUT ISED ISED is a department of the Benita & Catalino Yap Foundation (BCYF), established in 1993, and is aimed at creating innovative social solutions through social enterprise. Vision We seek the formation and development of social entrepreneurs who devote their lives to building ethical, just and profitable social enterprises rooted in the values of citizenship, sustainability and social responsibility (CSR 3.0). Mission Our mission is to advocate, identify, train, assist and develop social entrepreneurs in Asia for them to build strong and profitable enterprises, rooted in the values of citizenship, sustainability and social responsibility (CSR 3.0).
- 5. THE I/A PROGRAM The ISED Investment/Accelerator Program is aimed at catalyzing the growth of viable businesses committed to address a social challenge in the Philippines. It commences with an investment pitch camp that will call for 15-20 social enterprises to apply and pitch before the BCYF Investors. Those selected will be recipients of the BCYF Social Enterprise Investment, and will be part of the BCYF-ISED portfolio of social enterprises, that are committed to growing their ventures to financial and social impact profitability.
- 6. ISED I/A PROGRAM COMPONENTS ISED PITCH CAMP It will be a one-weekend boot camp every quarter to hear pitches of social entrepreneurs looking for investment. The first day is dedicated to workshops on refining pitches and orientation with equity investment. The last day is dedicated to the actual pitch. Social entrepreneurs will have to apply and pay an application fee of Php1000 per head (max 3 heads) inclusive of the workshop fee for the pitch camp. At least 3-5 enterprises will be selected at each round of pitching. BCYF SOCIAL ENTERPRISE INVESTMENT Once selected, the enterprises will join the BCYF-ISED portfolio of companies who avail of focused consulting and business service (through CBS) and monthly mentoring through board meetings with the BCYF investors. The goal is to enable the social enterprise to grow in revenues and social impact, with capital efficiency and attractive financial returns.
- 7. SCREENING CRITERIA We look for social enterprises with the following criteria: For the Enterprise: Must be a registered business operating for at least 1 year, ideally SEC-registered. If not SEC registered, entrepreneurs must be willing to shift to a SEC registration for corporations in order to accept venture capital. Has a validated business model. Revenues have been gained from customers during its operating year. For the Entrepreneur(s): Has a commitment to solve a certain social problem Must be open to learning and change Must have a commitment to grow and scale the business Must have a proven ability to execute strategies effectively
- 8. AFTER SELECTION PROCESS Once selected, the social entrepreneurs will undergo the following process: Undergo tax audit and compliance c/o CBS – this ensures that the enterprise has no tax and government liabilities upon receiving the investment. Enterprises that have pending government compliance requirements are required to secure them to avail of the investment. Submit audited financial statements. Sign Memorandum of Agreement and Investment terms. Undergo a strategic planning session with CBS-BCYF – the consulting and business service of BCYF. Conduct weekly to monthly board meetings as agreed by the social entrepreneur and BCYF Commit to reportorial standards for financial and social impact returns, as guided by CBS
- 9. OTHER BCYF SUPPORT OPPORTUNITIES Entrepreneurs in the BCYF-ISED portfolio are also entitled to the following BCYF services: Coworking space in the BCYF office Placement and volunteer matching through the VMX (volunteer matching exchange) Marketing and communication channels through the ISED and CSR caravans of BCYF, and through the BCYF websites.
- 10. TO APPLY, PLEASE SEND A LETTER OF INTENT TO INSTITUTESED@GMAIL.COM