4 Months of intense acceleration
A full-time online and offline program at Rinascimenti Sociali, Turin
SocialFare | Center for Social Innovation launches
PLANET FOUNDAMENTALS #2
–
the Italian call to accelerate social impact startups offering new solutions to the most urgent global challenges for the next future:
Climate Action | Social Cohesion | Digital Equality
100k€
seed
fund
4 mounth
social impact acceleration
2022: Which global risks for our society?
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The World Economic Forum has published the 17th edition of the Global Risks Report: over 1,000 national leaders and experts from various sectors of the global economy were interviewed to identify the most urgent risks to be addressed in 2022.
3 key risks and challenges emerge from the report:
→ failure of climate change actions
→ erosion of social cohesion
→ digital inequality
WHICH CHALLENGES FOR OUR STARTUPS?
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We select startups capable of developing new products, services and models aimed to respond effectively to the new fundamental challenges on which the future of our society and the planet depends:
Climate Action
Solutions for adaptation and mitigation of climate change, protection and conservation of ecosystems, protection of populations exposed to climate risk, recycling of resources, fighting waste and acceleration towards a zero-emission economy.
Social Cohesion
Solutions to counter the risk of erosion of social cohesion, understood as the protection and growth of human and relational capital; solutions that favor the strengthening of communities of practice, production, consumption and sharing in favor of cognitive, social, territorial and economic development.
Digital Equality
Solutions for equitable and responsible access to digital networks and technologies, aimed at reducing obstacles and gaps in the development of skills, in the unbalanced distribution of financial resources, in interactions with the public system, in social and cultural inclusion, in access to tangible and intangible resources.
WHO ARE WE LOOKING FOR?
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We are looking for teams willing and able to grow along us, triggering scalable systemic change while generating a new economy.
We accelerate impact startups with these characteristics:
Development stage
We are looking for early stage startups with a tested prototype or a market product
Not in target:
business ideas
scaleups (revenue >2M€ / year)
Legal form
We accept applications both from established companies (innovative startups, SIAVS, S.r.l.), and from companies still in the constitution phase
Social Innovation
We select startups with an intentional, additional, measurable social impact
that stand out for the offer of a highly innovative product / service
WHAT ARE WE OFFERING?
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Our acceleration program focuses on social impact startups:
Up to 100K€ in seed funding
in exchange for an equity percentage up to 15%
A dedicated acceleration team
Design, business planning, investment readiness and social impact assessment experts
A network of 50+ mentors and investors
Access to our prestigious network of impact investors, mentors and advisor
Desk in the coworking area and meeting rooms
Access to events taking place in our offices in the centre of Turin
SOCIAL IMPACT ACCELERATION
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Our multidisciplinary team blends lean startup, design thinking and systemic design benefiting from the experience built up in the past 13 editions of the
FOUNDAMENTA program, working in close contact with startups, fostering their growth, helping them to attract investments
Product Service Co-Design
Business modeling & Impact Assessment
Networking for Scalability
Investment readiness
PROGRAM STEPPING-STONES
WHY APPLY?
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SocialFare is the first Center for Social Innovation in Italy, founded in Turin in 2013. We are an incubator certified by the Italian Ministry of Economical Development.
From 2016 to today we have launched and implemented 13 ‘FOUNDAMENTA’ acceleration programs through which we have accompanied 86 social impact startupswhich, overall, have collected over € 19M of funding by now.
Thanks to the expertise of our multidisciplinary team and a prestigious network of mentors, advisors and impact investors, we offer a unique program of expert advice and equity investment for the generation of impact entrepreneurship.
READY TO INVEST IN YOUR IMPACT STARTUP!
SocialFare Seed invests up to € 100,000 in each social impact startup accelerated by SocialFare
SocialFare Seed is a private investment fund that supports startups and businesses accelerated by SocialFare.
If eligible, each startup/business can receive a seed fund of up to 100K€ (15% of which to be paid to SocialFare for acceleration services) in exchange for a percentage of equity of up to 15%, according to the valuation of the company.
The investment is paid in cash of at the beginning of the program.
OUR PORTFOLIO | 1,5 M€ invested by SocialFare Seed
PLANET FOUNDAMENTALS PARTNERS
Invitalia, the National Agency for Inward Investment, is SocialFare’s institutional partner: it advises our startups on available funding and measures and follows them in their applications for easy terms as well as pointing them to networking tools and opportunities for the growth of innovative businesses.
NHOA is SocialFare’s technology partner for Environmental Sustainability: they work alongside our startups advising and mentoring them developing business solutions in sustainable energy, energy storage, green mobility or the like.
PROGRAM AND SELECTION TIMELINE
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Main steps of this edition of PLANET FOUNDAMENTALS timeline:
#1
24 July 2022
CALL DEADLINE
#2
September 2022
SHORTLISTING
#3
September 2022
SELECTION DAY
#4
Dec 2022 / March 2023
ACCELERATION PROGRAM
APPLY TO PLANET FOUNDAMENTALS #2!
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You have time up to 24th of July 2022: