With Social Bee, Afringa and Body memory A total of three German social enterprises have been shortlisted for the Finance4SocialChange project. The international competition honors the best impact business idea from Germany, Bulgaria, Moldova, Austria, Slovenia, Ukraine, and Romania. The final will take place in Budapest in March 2021.
Finance4SocialChange brings together impact investing and social entrepreneurship
A total of €30,000 in prize money is up for grabs. In addition to the prize money, the social enterprises will have the opportunity to network with selected investment firms and social impact banking experts from Unicredit Bank (which also donates the prize money). Networking with regional business partners and targeted mentoring from the competition's local partner network are also part of the prize.
The social enterprises that are allowed to take part in the competition were selected according to the strict criteria of the Munich Financing Agency for Social Entrepreneurship (FASE) In addition to social and ecological aspects of the business idea, the Efficiency of the business model in solving social problems. At the same time, impact measurement and the sustainability of social enterprises in their respective markets are important.
What makes Social-Bee so successful?
Here the Munich startup cuts Social Bee The Munich-based company, a non-profit organization, offers temporary employment for refugees. Social-Bee supports the refugees on their path to the job market and provides them with training while they are employed by partner companies. This offers the opportunity for sustainable integration. Afringa – a business and career platform with a focus on Africa – was also originally founded in Munich.
The Finance4SocialChange-Project brings together cross-border players from the dynamically growing market of impact investing and social entrepreneurship, thereby supporting impact solutions.
