The EMEA UBS Social Innovators programme has been launched by UBS to find enterprises working on innovative solutions to society’s most pressing challenges. Two of this year’s four finalists chosen from over 300 applicants in EMEA were participants in Young Foundation social enterprise support programmes: Right to Succeed and Enabling Enterprise. Right to Succeed pilots, develops and scales solutions to educational inequality, and Enabling Enterprise helps pupils to develop the enterprise skills, experiences of work and aspirations to thrive.
The winners of UBS Social Innovators for EMEA were selected following an intensive, multistage process. In the first stage, 12 candidates from the initial 300 were invited to a two-day Bootcamp where they benefited from the expertise of Ashoka, philanthropists from the global UBS network and UBS employees. Four candidates qualified for the EMEA Final in London on 4th November which included the two Young Foundation powered innovations. In a second stage, the candidates presented their ideas to a panel of judges made up of UBS senior management.
Right to Succeed is a graduate of the Young Foundation’s Young Academy programme, which supports early-stage enterprises working to improve educational opportunities for disadvantaged young people in England. Enabling Enterprise received investment from the Young Foundation’s Learning Launchpad, a pioneering initiative to grow ventures working in the education sector.
Both organisations will now benefit from a UBS Social Innovators Accelerator programme in 2017 which will help them to scale up their innovations so they can make a real difference to educational inequalities.
Nick Wright, Managing Director, EMEA Community Affairs said:
“The quality of the support for ventures that the Young Foundation provides is first class and that two such organisations reached the final is a testament to them and the Foundation. We see appetite amongst our clients and investors in general to support innovative and impactful solutions to important social issues. Through UBS Social Innovators, and our Community Affairs programme, we hope to develop this growing market and continue assisting social enterprises to achieve greater scale and impact.”
Graeme Duncan, Chief Executive of Right to Succeed said:
“We’re really thrilled to have been recognised in this way at such an early stage in our development as a charity. Our work is all about helping schools in low-income communities to transform the outcomes of the young people they serve and the support ahead from UBS and Ashoka will have a big impact on us, the schools and the children they serve.”
Tom Ravenscroft, Managing Director of Enabling Enterprise said:
“We were thrilled to be a finalist for UBS Social Innovator of the year. The judges recognised that our work fills a fundamental gap in schools – that whilst as teachers we worry about the students’ grades, there is little focus on the wider enterprise and employability skills that students also need. We hope this recognition and the UBS Accelerator programme will help us achieve our goal to deliver 500,000 student programmes by 2019.”
Rowena Young, Director of Venture Development at Young Foundation said:
“We are thrilled to see two of the ventures we have supported win places on the global UBS Social Innovators Programme. We know from experience that it is our most ambitious and fastest-growing ventures that need the most sustained support after their early start-up phase. We are therefore delighted that UBS are able to offer the critical link to their comprehensive and prestigious accelerator programme.”
Notes to editors:
- For interviews please contact Lucie Russell, Head of Communications on 07931 507873
- The Young Foundation is a research and action based institute with a formidable track record of confronting social inequalities.
- We work across the UK and internationally to create insight and innovations which put people at the heart of social change
Founded 60 years ago by social researcher and innovator Michael Young, The Young Foundation has since created and supported over 60 organisations including the Open University, Which?, Economic and Social Research Council, and Action for Happiness