Social enterprise accelerators need to grow in order to match the needs of more diversified entrepreneurs and link them up with investors. In the world of impact investing, we are rapidly seeing a change where many investors seek to invest their entire portfolios in a way that achieves more than just profit, choosing to also make positive social and environmental improvements with their investments.
Good social enterprises are built around the goal of helping others and providing sustainable, environmentally friendly solutions. At the same time, they still need to turn a profit to attract more investors and to provide a return on investment for the already existing stakeholders, which means that their financials are just as important. Social enterprise accelerators can ensure they meet these criteria by choosing who they work with, separating their programs into stages, and ensuring high level mentoring for their leaders.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.