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The Crunch is Social Traders’ highly successful initiative for early stage social enterprises aiming to be investment-ready and start trading within 12 months of completing the program.
Do you have an idea for a social enterprise that will generate community benefit through trading and want to be a part of a program to make it happen? The Crunch is now open for Round 5 applications. Attend a Social Traders' Warm-up for more information on how to apply.
Through a six month intensive incubation process, The Crunch enterprises:
- build enormous individual business capacity,
- develop a rigorous business plan,
- establish a network of mentor support, and
- gain exposure to a range of social investors.
In its first three years, The Crunch enabled eleven new social enterprises to access around $2m in investment and start operating. A further three enterprises have investment offers pending and are likely to start trading in 2014.
These new enterprises are delivering substantial benefits to disadvantaged individuals and communities throughout Victoria, as well as addressing pressing environmental concerns.
The Crunch Round 5 will run from February to August 2015. Watch this space for more information.