Determine the best next steps to reach financial sustainability.
Change more lives, faster, by focusing on activities that work.
Tap into the expertise of peers—and Acumen—to solve problems in real-time.
Build meaningful relationships with a community of like-minded social innovators.
We’ve packaged the steps to support social entrepreneurs to develop a scalable social enterprise model. Over 19 weeks, you and your team will learn the essentials of building a business model that can achieve both social impact and profitability.
You will have access to case studies from Acumen social enterprises and curriculum materials that package IKEA’s business knowledge. You will complete your own assignments to apply lessons directly to your business and then join biweekly interactive Learning Labs to give and receive feedback from your peers. You will also receive biweekly individualized coaching from IKEA coaches.
You should expect to spend at least 8 hours per week working on your project. Most of this work can be done on your own schedule.
You will need 1-2 Lead Participants from the leadership team of your social enterprise to show up to the Learning Labs every other week and can have up to 10 people from your social enterprise access all of the curriculum materials.
The program will culminate with a virtual Final Summit where you will attend final workshops and have a chance to network, pitch your venture, receive feedback from industry leaders, and be considered for up to $25k in seed funding.
Today, we have a better understanding of our business and how to scale. We also have more confidence to do experiments and have been able to test our key assumptions.
We had a great product and story but the path to scaling was a bit vague for me. This program has shown me the clear steps I need to take, and given me the tools to achieve them.
We have a much clearer path forward. By working with our coaches, we now have a better idea of how to narrow our focus to be more efficient and better predict profitability.
Social Entrepreneurs in East Africa who:
How to Qualify
You need to be a social entrepreneur running a business with primary operations in Kenya, Uganda, Ethiopia or Rwanda. You do not need to be a citizen of one of these countries in order to apply.
Applications will be reviewed on a rolling basis. If you are selected for an interview, a member of the Acumen accelerator team will reach out to schedule a 30-minute video call with you on the Zoom platform.
This program is designed for social enterprises with demonstrated market traction and, on average, the equivalent to 3 full-time staff members. In general, you should have raised less than 1 million in seed funding (grant funding or equity)
When and Where
Most of the coursework can be completed online at your own schedule each week. There will be Learning Labs every other week that will be from 5-7pm Nairobi time where your team’s Lead Participant(s) will have to participate live. The calls with IKEA advisors can be scheduled at times that are mutually convenient for you and your advisor.
This is an online program. The biweekly Learning Labs will be hosted virtually on the Zoom platform. You should have a stable internet connection and ability to participate in video calls.
The program runs from June 8th to October 8th 2021.