Impact Business is an in-depth acceleration program, created by an international team of experts, entrepreneurs, and investors for the active businesses registered in Ukraine that want to contribute to the post-war recovery of Ukraine and create positive and lasting social impact.
Core program benefits
To boost your company and help you develop impact strategy, we are offering you:
Unique 9-month equity-free virtual program
Free access to global tech resources
30 hours of dedicated time with mentors
Hundreds of experts and coaches from leading international companies and successful start-ups
2 companies can win up to €20,000 grant provided by Ukrainian Social Venture Fund under the "Collaborate for Impact" project, funded by the European Union and implemented in partnership with EVPA
Connection to top investors
The program will cover fundamentals of impact economy, as well as general business topics:
- Fundamentals of impact economy:
Impact economy and the benefits it brings to companies, consumers and society
Leading business with social impact: understanding theory of changed and expected outcomes, impacts and outputs, KPIs and how to report it
Scaling and export strategies in order to effectively grow your business in and outside of Ukraine
Social impact and fundraising
- General business topics:
Commercial and b2b partnership development
Marketing, branding and positioning
Finance and accounting
Fundraising and pitching to investors
Online lectures (both live and on demand) based on the company’s needs
Face-to-face online sessions for teams with mentors and experts
Home assignments contribute to mastering the material and putting the acquired knowledge into practice
Enhancing pitching and presentation skills
Presentation to global investors during the Demo Day
Join the program and get access to:
- 10 live lectures & workshops
- 11 modules / guides with required homework focused on key business topics on impact economy
- On-demand content for key business topics
- Monthly check-ins with dedicated program mentors
- Thousands of on-demand experts globally
- Exclusive virtual and in-person events with peers, partners, and investors
- Free technology resources from project partners
- Final presentation to investors @Demo Day in December 2023
- 2 companies can win up to €20,000 grant provided by Ukrainian Social Venture Fund under the "Collaborate for Impact" project, funded by the European Union and implemented in partnership with EVPA
* The organizers reserve the right not to explain or comment on the reasons for rejection of applicants based on the selection results.
The program was created by Impact Force, a Ukrainian NGO, in partnership with leading global and local organizations
General info about target
We are looking for active enterprises that are registered in Ukraine and aspire to have an impact strategy as part of the core strategy or are committed to integrate it.
Up to 25 teams will be selected to participate in the program.
The main criteria for the selection of participants
The company has to be registered and has been operating in Ukraine for at least one year. Enterprises should submit copies of registration certificates.
Financial activity / stability
The business model of the company demonstrates the potential for financial stability and further development. The company should submit its tax reporting for the first three quarters of 2022 (if available) or the annual tax report for 2021.
The company has an enthusiastic team of founders and employees who are invested in the success of the project, are open to mentoring, and are interested in the development of the company (at least 3 people). The list of employees should be presented together with a description of their key role. All team members participating in the acceleration program should be able to communicate and to conduct business in both Ukrainian and English.
The business model of a company is a model with proven profitability and market opportunities and can be scaled to other cities and regions of the country or globally. The company should present a business plan with a realistic forecast for the company to achieve a certain level of profitability.
The company has a product/service/program already on the market, or ready to launch on the market within 6 months from starting the acceleration program.
The proposed business model, product, or service is innovative in solving a particular problem. The presence of an innovative component increases the chances of being selected for participation in the accelerator program.
The business model can be scaled to other cities, regions of the country or globally.
The company has ethics guidelines and follows ethics norms and principles in how they conduct their business, including in their reporting.
The company should either have a formalized impact mission (goal) OR have intention and be committed to pivot their business model(s)to prioritize social impact efforts alongside the profits and be willing to codify that in governance documents. While the acceleration program will help the participant crystalize, formalize and define a measurement approach for the social impact, the program applicants should have a broad idea(s) of what type of social impact / cause / challenge they want to help address.
Ability and willingness to attend all required classes, workshops and practice sessions and complete required homework assignments.
Companies from all verticals and industries can apply if they believe the program would be relevant to them and they aspire to create more social impact. An additional advantage will be for innovative tech solutions and/or those that meet the challenges of time. We would prioritize participants from next areas:
- Pharmaceutical industry
- Chemical industry
- Construction industry
- Services (e.g., Education, ecommerce, innovative retail, Social services / work with vulnerable groups, Culture preservation and promotion, etc.)
- Customer goods
- Ecology (e.g., water purification, recycling, etc.)