Press Release: 17 New Victorian Social Enterprises Focus on Impact
After receiving 60 applications and conducting 45 interviews, 17 social enterprise proposals have been selected for Social Traders’ Crunch 2016.
The Victorian enterprise proposals span a variety of industries and support a range of beneficiaries; from a car wash that creates employment for people with a disability, a community support service that includes a tech training service for the elderly; and a youth support service with a screen-printing project that fosters engagement with at-risk youth.
David Brookes, Managing Director at Social Traders says based on our experience over the last five years, the potential success rate of these enterprises to become financially sustainable is high.
“Social Traders’ Crunch program is a rigorous enterprise acceleration program that builds investment and market-readiness, provides access to business mentors and connects enterprises to investment networks at a critical stage in their journey. Over the past five years, Social Traders’ Crunch has supported 63 enterprises with 50% achieving investment estimated at over $5.5 million.”
The 19 unique enterprise proposals aim to deliver positive community impact by providing employment for disadvantaged jobseekers, access to needed services not currently being met or additional revenue to be redistributed for social impact.
The six month intensive Crunch 2016 program begins with the first workshop on Thursday 18th February at the Melbourne Business School.
Social Traders’ Crunch partners include, the Victorian Government, Lord Mayors Charitable Foundation, PwC, Sustainability Victoria, the City of Melbourne, Australia Post, Microsoft, Westpac and the Melbourne Business School.
Click here to view the 2016 Crunch participants.