THE ACCELERATOR – INTRODUCING THE LATEST SOCIAL VENTURES TO RECEIVE SUPPORT FROM THE YOUNG FOUNDATION

Date: 10 April 2013

The Young Foundation has announced the latest cohort of high potential social enterprises to join its Accelerator programme. 

The successful ventures include Each One Teach One, a charitable foundation from recording artist Plan B (Ben Drew) and Houses2Homes, an initiative that helps to re-build the lives of veterans by employing and training them in a range of building and renovation skills.

From 15 April 2013 experts from The Young Foundation and its networks will spend four months working with the eight chosen ventures to develop and shape their business models, enabling them to become ‘investment ready’ and able to access appropriate financial support for their strategic direction. Ventures will then receive a further twelve months of bespoke support to assist them with securing the finance they need to grow.

During the programme each venture will be supported by a highly experienced strategy mentor and an expert financial coach who will challenge each social entrepreneur to evaluate, adjust and refine every aspect of their organisation.

Emma Worley from the Philosophy Foundation, who received support in the previous round of The Accelerator, said “The Accelerator has been a journey of discovery … and the support we have had from our mentor, coach and the Young Foundation Accelerator team has been incredible. We look forward to growing faster and further than we previously imagined”.

Richard Kennedy, Interim Director of Ventures at The Young Foundation said “We are delighted with the calibre and potential of these organisations – they each impressed us with their vision and passion for social impact. In becoming part of The Young Foundation family they join a network that includes the Open University, Which? and Studio Schools – and we look forward to working with them all to help them scale and maximise positive social change”

The eight new social ventures taking part in The Accelerator programme are listed in full below:

• EACH ONE TEACH ONE (EOTO)
EOTO is the charitable foundation of the recording artist Ben Drew (Plan B). They fund inspiring projects in east London to help young people 14 – 25 to build their skills and in turn improve their lives and move from ‘disenfranchised individual’ to an empowered one. http://eoto.org.uk/

• EMBRACE COOPERATION LTD
Embrace Cooperation Ltd is a platform for young people and adults to explore their ‘LifeDreams’ through the provision of holistic work placements (in fields such as renewable energy) combined with personal development workshops and training. http://embracecooperation.org.uk/

• EMPIRE AMATEUR BOXING CLUB (INCORPORATING FIGHT FOR PEACE)
Empire produces champions inside and outside the ring. They are supported by Fight for Peace (FFP) as part of their Global Alumni Programme. FFP started in 2000 in Rio to work with young people employed by drug trafficking gangs. It was replicated in East London in 2007, and to date has worked with over 7000 young people using boxing combined with personal development, to delivering substantial reductions in youth violence and gang activity and increases in education and employment progressions.

• HOUSES2HOMES (H2H)
H2H is a pioneering initiative that helps to re-build the lives of veterans by employing and training them in a range of building and renovation skills, helping to transform derelict properties into homes for ex-service families to live in. http://houses2homes.org.uk/

• INAURA
Inaura have developed Narrative, a new web application that supports vulnerable and hard-to-manage kids and the people who work with them. It is a place where a key worker can invite others to collaborate and everyone can share updates, documents and learning in a safe and secure fashion. http://inaura.net/

• TASK SQUAD (FROM VINSPIRED)
Task Squad is a new service from vInspired which will allow organisations to post paid tasks, corporate errands, and short-term positions to a community of 18-25 year old volunteers eager to get into the job market. Employees and the young people will build a reputation on the site, in the way that buyers and sellers do on eBay.

• TEAM UP
Team Up recruits university students to work with pupils and empower them to reach their full academic potential. They equip a diverse body of highly-achieving and ambitious university students -Rising Leaders – to support small teams of three to four pupils over a five month period. http://teamup.org.uk/

• THE U
The U provides opportunities for individuals of different ages, backgrounds and cultures to come together in 90 minute learning sessions on socially useful topics (such as everyday first aid, defusing low-level conflict and practising positivity). The sessions are designed to be social and interactive, rebuilding familiarity within today’s busy world and helping individuals to feel more confident and connected. http://the-u.org.uk/

ENDS.

Notes to editors:

1. Contact: Alison Harvie on 07909 912 444 or alison.harvie@youngfoundation.org
2. We are The Young Foundation and we are determined to make positive social change happen. We pioneered the field of social innovation with The Open University, UpRising and Studio Schools. We work closely with individuals, communities and partners building relationships to ensure that our thinking does something, our actions matter and the changes we make together will continue to grow. (www.youngfoundation.org )
3. You can learn more about The Accelerator from The Young Foundation via our website www.growingsocialventures.org
4. Updates on The Accelerator programme can be found on our twitter @YFAccelerator