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The Crunch is Social Traders’ highly successful initiative for early stage social enterprises aiming to receive investment and start trading within 12 months.
Through a six month intensive incubation process, Crunch enterprises build enormous individual capacity, develop a rigorous business plan and gain exposure to a range of social investors.
In its first two years, The Crunch has enabled nine new social enterprises to access over $2.5m in investment and start operating. These new enterprises are delivering substantial benefits to disadvantaged individuals and communities throughout Victoria, as well as addressing pressing environmental concerns. At the conclusion of this current Crunch year, we anticipate up to an additional eight new enterprises will access up to a further $2.5m of seed capital from a range of social investors to enable them to start operating and delivering social impact.
When is the next Crunch Round?
Our next Crunch Round will run from March through to August, 2014. Applications will open July 2013 and close at the end of September 2013. Successful applicants will be notified prior to the end of 2013. Further details of Crunch Round 4 will be published on this website and through Social Traders’ e-bulletin in June.
Social Traders will hold a number of opportunities for enterprises to test their social enterprise ideas prior to applying for The Crunch. These sessions will also be published on this website and through Social Traders’ e-bulletin.