ygap First Gens Accelerator Program looking for ambitious, Game-changing Impact Ventures led by Migrants and Refugees in Australia
Deadline: 26 May 2020
The ygap First Gens program supports early stage, migrant and refugee-led, social impact ventures/business that are improving the lives of people living in disadvantage in Australia and or addressing a social issue.
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In Australia, migrants and refugees continue to face increased challenges when starting a business, participating in the community and searching for employment. These challenges include:
Access to funding;
Access to social networks;
Access to information;
Discrimination.
Ygap developed the First Gens program to address these challenges by providing funding, world-class training and access to ygap’s extensive network of mentors, investors, advisors and supporters, and a supportive community.
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Successful applicants will receive world-class training, tailored business support, access to ygap’s extensive network of technical and entrepreneurial mentors, funding opportunities and a community of exceptional, like-minded entrepreneurs.
The Program
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Accelerate
The program kicks off with a five-day intensive entrepreneurship program designed to fast track your early-stage venture.
Support
Following the accelerator, ygap provides a tailored support package valued at over $50,000 which includes access to ygap extensive network of technical and entrepreneurial mentors, pitching opportunities, access to pro-bono professional service providers (legal, accounting, finance, etc) and small grants to test new ideas for your venture.
Growth
The most promising, viable ventures from each cohort will move into the growth phase where they will have access to an increased support package with up to $50,000 available in funding.
Ygap is looking for:
Migrant or Refugee-Led: The venture must be migrant or refugee-led or must have at least one migrant or refugee co-founder who will participate in the program.
Early Stage: Ventures that have launched and/or have run a pilot and shown proof of concept. They typically look for ventures that have less than 100 customers and have been operating for 1-3 years.
Supports Those Living in Disadvantage/Impact-Focused: The venture must be improving the lives of people who are experiencing disadvantage in Australia and /or addressing a social issue.
Innovative: The venture must have a clearly defined unique selling proposition and be doing something different from others who might be doing similar.
You have a deep understanding of the issue: You and your team should know the ecosystem deeply, whether through lived experience or from working in the sector, and be committed to addressing the issue in the long term.
You want to connect and grow: You are eager to learn from, share and connect with an amazing, supportive community.
For more information, visit https://ygap.org/firstgens/