ASSIST Asia Newsroom
ASSIST Asia Newsroom
Impact Accelerator awards four Social Enterprises in the Philippines
- March 30, 2015
Impact Investment Exchange Asia (IIX) announced the winners for its Philippines-based Impact Accelerator programme. Impact Accelerator is an intensive acceleration programme that targets start-ups with high potential for growth and scalability.
From 55 applications received from enterprises in diverse locations and across a broad sector scope, including agriculture, energy, water, livelihoods, education, and healthcare, Impact Accelerator has selected four social Enterprises (SEs). Each application was assessed on several parameters including: focus on the poor or marginalised, unique value proposition and market potential, social and environmental impact of the venture, and financial viability.
The winners include:
- ANTHILL Fabric Gallery: A sustainable livelihood SE that employs indigenous, rural and urban communities to transform traditional Philippines weaves into contemporary wear and accessories.
- Hiraya: A pioneering water enterprise that developed a Real-Time Adjusting Pump System (R-TAP), an advanced pressure management system to help water service providers adjust water pressure across the network to match local demand while reducing water waste.
- Kapwa Greens: An agriculture SE that is one of the first local companies to sell herbal tea made from native plants in the Philippines. Kapwa Greens works with underprivileged women to produce the tea.
- Sidlak Pinoy: A housing and infrastructure SE that uses silt, a freely available raw material found in water bodies, to make bricks for construction using an innovative social franchising model. Silt is more environmentally friendly and less expensive than the concrete bricks that dominate the market.
For the next 6 months, these SEs will benefit from acceleration services such as a seed capital, a tailored one-to-one mentorship and ongoing advisory services that will enable them to deepen their impact and become investment-ready. In addition to accelerating the growth and scalability of these 4 enterprises, Impact Accelerator will play a leading role in building the Impact Investing ecosystem in the Philippines by improving the visibility of local SEs and facilitating investor engagement within the space.
IIX is working with ASSIST as its local partner.
IIX is a Singapore-based organization with a mission to provide Social Enterprises (SEs) in Asia greater access to investment capital, allowing them to more rapidly expand the impact of their activities. IIX now offers three investment platforms – Impact Accelerator™, Impact Partners™ and Impact Exchange™. Impact Accelerator™ provides seed-stage SEs with mentorship and private capital through a structured and customized process. Impact Partners™ connects accredited impact investors to selected growth-stage SEs who are looking to raise investment capital. Impact Exchange™, the world’s first social stock exchange operated by the Stock Exchange of Mauritius in collaboration with IIX, is a regulated stock exchange dedicated to listing and trading securities issued by mature SEs and other socially-driven organizations. To date, IIX has facilitated $9.2 million of investment impacting more than 8 million people across Asia with $18.8 million in social value created.
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