Young Foundation offers up to £50,000 of business support to social ventures

Anna Smee, director of ventures at the foundation, says it wants to support social entrepreneurs with innovative solutions to problems on the ground

Anna Smee
Anna Smee

New social ventures in health, education and housing have until this Friday to apply for up to £50,000 worth of business support from a new programme called The Accelerator, run by the Young Foundation.

The foundation, which carries out research and policy work and supports social sector organisations "currently underserved by traditional private and public sector funding routes", said it was seeking "early stage, high-potential ventures" to take part.

The intensive four-month programme will offer tutoring, coaching and facilitation as well as one-to-one mentoring from leading entrepreneurs and the chance to pitch for funding from social investors.

The Young Foundation will select between eight and 12 organisations to benefit from the scheme.

Anna Smee, director of ventures at the foundation, said: "We’re seeing an increasing number of really enthusiastic entrepreneurs coming into the market and coming up with really innovative solutions to the problems on the ground. These are the ones we’re keen to support going forward."

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