Context
Impacc invests in socially and ecologically sustainable businesses in Africa that generate enough revenue to enable self-sustaining growth.
Impacc
Objective
Validate Impacc’s positioning in the donation space and scout additional donation sources to allow more venture investments in Africa.
Strategic Value
Companies can find their venture-peers in Africa and support their company’s goals and objectives with social or green ventures.
Type of Venture and Sprint
Vertical
Innovation/Validation
Impacc was one of two winners of our 2021 Social Ventures Program. By investing in socially and ecologically sustainable businesses in Africa, Impacc enables green and social ventures to grow and scale independently with their investments. In a four-week validation phase, we supported Impacc to position themselves in the donation space and scout additional donation sources to allow more venture investments in Africa.
Impacc’s New Business Approach to Development Aid
Scout promising local ventures
Focus on sustainable business that create local jobs.
Invest with the help of donors
Provide the financial aid to grow and scale the business.
Mentor and support to grow sustainable business
Provide access to key industry experts and coaches.
Traction and Results
- Collected a six-digit donation sum to set the company and employees up for incubation success
- Won first three Co-Creation B2B partners to help build a compelling product offering in the company donation space
- Collected first major B2B donations with venture-match
- Evaluated and selected eight social ventures for sustainable and scalable investments
- Hired new team of 10+ employees to scale venture builders, product offerings, and donation growth
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