Under this grant program the English Family Foundation is seeking to support Australian social enterprise organisations who are finding new and innovative solutions to tackle the most pressing issues within their local communities and who are now looking to build capacity to overcome the challenges of taking their concept to scale to be impact investment ready.
They are wanting to partner with organisations who have developed their proof of concept and are now seeking ignitor funds to scale to the next stage of their development and demonstrate impact and “investor readiness”. This program could also apply to entrepreneurs in established grassroots charities who are looking to scale the sustainability of their model and diversify their funding sources.
Organisations may be working in any community sector/space at all, and the funding can be used towards operational costs or specific project components to develop their investment readiness.
- The Ignitor Fund is open to organisations with annual revenue of less than $5,000,000 and ONLY those who are Australian-based organisation with Item 1 DGR and TCC endorsement.
- There is some element of social experimentation, innovation or risk, as well as evidence of comprehensive business planning and a high level of community engagement.
- The organisation must be on the path towards impact investment and have (or are seeking assistance to develop) measurable indicators in place.
- The organisation is led by an individual or group of individuals who have a clear vision for change and are seeking support for the practical implementation of this vision.
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