HATCHERY+ PROGRAMME 2019 DEVELOPING VIABLE SOCIAL ENTERPRISES
In 2019, Badur Foundation launched the latest edition of its Social Enterprise Development Programme, which supports organisations and informal teams working in impoverished communities to develop viable and sustainable social enterprise ideas, or to improve their existing social enterprise to reach long-term sustainability. The programme is carried out in cooperation with SIMPACT.
The Call for Application was launched in February 2019 and 16 applications were received. After a thorough assessment of the applications including field visits, Badur selected seven organisations and commissioned SIMPACT to provide four-month training focusing on idea generation, validation and business planning.
After the final pitch in November 2019, Badur Foundation will award selected organisations with a variety of further support, such as:
Financial support: The available amount is 15,000,000 HUF that will be allocated to up to three social enterprises. The Foundation will tailor the amount and the conditions to the needs of the organisation and the business plan. The support may be used to finance a pilot project, purchase equipment, organise a study visit, cover the start up costs and initial loss of the enterprise.
Professional support: The Foundation additionally invites the selected organisations into a long-term professional partnership, closely following their development and providing professional advice and guidance as needed.