ERSTE SEEDS Programme Hungary develops social enterprises “Step by Step”

Erste Seeds (Social Enterprise Establishment and Development Support) is a one and a half year incubation programme. It contributes to the development of Hungarian social enterprises, which aim to improve equality of life-chances and quality of life through their activities. The involved social enterprises receive a customized, multistage development. The most promising enterprises can receive non-refundable sources (“seed grants”), build relationships with investors, be prepared for bank loans and continue the program after the incubation phase (one and a half years more).

Apply until 3rd March 2017!

WHO CAN APPLY?

Enterprises or individuals with social business ideas, whose social commitment is ideally proven within their target group and / or products, services, and as well their financial sustainability. With the help of this programme they aim at developing their business activities, thus increase their social impact.

Registered organisations, non-profit legal entities (e.g. non-profit ltd., foundation, association, social cooperatives) are preferable. Other legal entities or not yet registered organisations can also apply. But only registered, non-profit legal entities are eligible for financial support from July 2017. This programme is open for Hungarian speaking applicants, based in Hungary.

WHAT ARE THE BENEFITS OF YOUR PARTICIPATION?

  • Access to series of practice-oriented training (e.g. fine tune their social business model)
  • Access to the help of experts in social enterprise development (e.g. 1:1 consulting)
  • Access to the experience of similar organisations (e.g. networking)
  •  Access to significant non-refundable sources (“Seed Grants” up 2 x 100.000 EURs altogether)
  • Further fundraising opportunities (e.g. impact investors)

WHAT ARE YOUR OBLIGATIONS?

Commitment to the successful implementation of the social goal and business activities, willingness to develop, active participation in the programme (receiving support for up to 18 months), disciplined implementation of the tasks with respect to the deadlines.

HOW TO APPLY?

1st STEP
Gain more information on the following website: www.ersteseeds.hu. Visit one of the information events, or ask questions via e-mail, if necessary.
2nd STEP
Express your interest in a short e-mail (seeds@nonprofitpartner.hu) and the project team will send you back the application form.
3rd STEP
Fill out the application form in Hungarian and send it to the e-mail address above until midnight 3rd March 2017.
4th STEP
Wait for notice about the result. (In case of any questions during the evaluation of the applications, please answer as soon as possible.
5th STEP
If you are selected in the programme, please, come to the opening event! (You will be able to see the programme for April and May on the website, in FAQ.)

The programme is a common initiative of the Social Banking Development department of Erste Group, ERSTE Stiftung and Erste Bank Hungary. Experienced implementation partners are IFUA Nonprofit Partner and SIMPACT. Members of the Advisory Board are important stakeholders of the social economy sector in Hungary.

IFUA Nonprofit Partner and SIMPACT aim to help increase the social impact of non-profit organisations and social enterprises with economist colleagues and professional volunteers. Building on international business and non-profit methodologies they are “helping others to help” with organizational development, trainings and skill-based voluntary programme contributing this way to solving social problems. IFUA Nonprofit Partner – coordinator of the project – has implemented almost 50 projects in 5 countries since 2009, among others in fields of strategy creation, process development, business planning, fundraising and impact measurement. SIMPACT is also supporting the implementation of the project. SIMPACT is a non-profit organisation that was developed out of IFUA Nonprofit Partner in 2016.

More information: www.facebook.com/ProgramSEEDS, www.nonprofitpartner.hu, www.simpact.hu.

This project has received financial support from the European Union Programme for Employment and Social Innovation “EaSI” (2014-2020).

For further information please consult: http://ec.europa.eu/social/easi.

Photo: © iStock tuk69tuk