Accelerator program SWAP comes for social entrepreneurs in Indonesia
Social entrepreneurs in Indonesia can look forward to SWAP, an accelerator program just for them.By Goutama Bachtiar 04 Jul, 2013
There is hope for social entrepreneurs serving the disadvantaged and needy in Indonesia now. Hosted by LGT Venture Philanthropy, Smiling World Accelerator Program (SWAP) will be taking off in the largest Southeast Asian country. Working hand-in-hand with Global Entrepreneurship Program Indonesia (GEPI) and select angel investors from Southeast Asia.
Shortlisted entrepreneurs will be entitled to funding up to US$50,000 for the first year (loan, convertible loan or grant), business know-how, a dedicated mentor and confirmed access to international networks. Furthermore, the program, which will take eight to 24 months, will look to introduce the participants with the Angel Investor community so as to provide opportunities for funding.
In the past, it has given six out of 100 registrants from Thailand, Vietnam, Indonesia and the Philippines an average investment amount of US$35,000. Organizations will be obligated to work with SWAP iCats consultants to achieve certain milestones and goals as agreed.
This year alone, it will also be kicking its accelerator off in Brazil, Columbia, Mexico and China to unlock the potential in social enterprises, create deals for investors, and build ecosystems for developing and emerging countries.
Social entrepreneurs in industries like agriculture, education, healthcare, renewable energy, and information and communication technology, will be delighted to know that SWAP is looking for businesses in those fields. As the next application review date of August 2nd draws near, interested social business owners are urged to apply here.
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