Scale your social impact business through an intensive 12-week accelerator program and get an opportunity to pitch to potential partners and investors
September 20, 2022
Acumen is excited to collaborate with Fulbright University Vietnam to launch our first ever accelerator program in Vietnam. This program is for social entrepreneurs who, like us, believe in using business for good. We’re looking for 20 promising social impact businesses who are using business models to tackle Vietnam’s most pressing social challenges.
Social impact businesses will join a 12-week accelerator and learn through practical assignments and case studies from global businesses, as we share our experiences of what it takes to scale a social impact business.
We’ve packaged the steps to support entrepreneurs to develop a scalable social impact business model. Over 12 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 portfolio and Foundry companies and curriculum materials that share key learnings around business models, customer insights, social impact, financial modeling, pitching for investment and more.
You will complete weekly assignments to arrive at new insights that you can apply directly to your business and regular interactive Learning Labs will provide a space for you to give and receive feedback from your peers. You will also receive individualized 1:1 consultation calls from Acumen’s facilitators.
Fulbright University Vietnam will host a speaker series to help deepen program learnings and enhance the cohort’s connection.
The program will culminate with a Final Summit coordinated by Fulbright University Vietnam where you will attend workshops and have a chance to network, pitch your venture, and receive feedback from industry leaders.
On completion of the program at least one team will be awarded a grant of up to $10,000 (USD). All graduating enterprises will also be welcomed into Acumen Academy’s Foundry community where they will have access to follow up support and a global network of social innovators.
The program is an interactive experience and you will arrive at new insights by working through the online curriculum and completing the assignments set for you. You will also complete case study and topic readings ahead of each Learning Lab and come prepared to debrief and share your reflections with peers. You should expect to spend at least 8 hours per week working on the accelerator. Most of this work can be done on your own schedule.
Two participants from the leadership team of your enterprise will be invited to join Learning Labs, program workshops and final summit as ‘lead participants’ for your team. Your wider team (up to 10 people maximum) can access the online curriculum materials.
Who is Qualified to Apply?
This is an intensive program for Founders of pre-scale social impact businesses in Vietnam. The program is not limited to any particular social issue but we particularly welcome applications from entrepreneurs working in education, unemployment and underemployment, climate resilient agriculture, water, sanitation and hygiene (WASH) and energy access.
Ideal applicants are:
English proficiency: In addition, your founders must have a good working knowledge of English. The program will be conducted in English and the ability to read and reflect on medium-complexity texts in English is essential.
On completion of the program at least one team will be awarded a grant of up to $10,000 (USD). All graduating enterprises will also be welcomed into Acumen Academy’s Foundry community where they will have access to follow-up support as part of a global network of more than 900 social innovators.
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.
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.
The case studies provided throughout the program are so helpful, providing lessons for how to work better in business and deal with critical situations as you grow.
Taking the time to learn, unlearn, reimagine solutions and reflect critically while supporting one another has reaffirmed my passion and is adding value to the work I do
July 1st - July 27th, 2022
Sept 20th, 2022
Dec 6th, 2022
How to Qualify
Applications will be screened by their application forms. Note that pitch decks will only be reviewed at interview stage and will not be used for initial shortlisting. All applications will be reviewed after the program deadline. If you are selected for an interview, a member of the Acumen team will reach out to schedule a 40-minute video call with you on the Zoom platform. Applications, supporting pitch decks and interviews should all be in English.
This program is designed for enterprises with demonstrated market traction and a team equivalent to at least three full-time staff members. At a minimum you must have some paying customers.
You need to be an entrepreneur running a business with primary operations in Vietnam. You do not need to be a national of Vietnam to apply.
When and Where
A full schedule will be shared in advance of the program starting. At a minimum your team’s Lead Participants will be expected to participate live during the weekly 2-hour Learning Labs and join all sessions with Fulbright University Vietnam (virtual attendance available), which will run throughout the 12 weeks. 1:1 calls with Acumen can be scheduled at times that are mutually convenient for you and your advisor.
This is a hybrid program, the main curriculum will be delivered virtually but you will have the option to attend all Fulbright University Vietnam sessions in person. The Acumen weekly Learning Labs will be hosted virtually on the Zoom platform. You must have a stable internet connection and the ability to participate in video calls to be able to join the program.
The program runs from Sept 20, 2022 to Dec 6, 2022
Acumen Academy is the world’s school for social change. Our mission is to unleash a new generation of social innovators and leaders with the character and competence to build a more just, inclusive and sustainable world. Blending the best of online and offline learning, we offer anyone, anywhere access to the practical tools, practices, resources and supportive community they need to achieve positive social change. The Acumen Academy community represents a new generation of social innovators and leaders committed to doing what’s right in a world that loves easy.
Learn more at www.acumenacademy.org.
Fulbright University Vietnam is Vietnam’s first independent, not-for-profit, liberal arts university. We are an expanding international team of educational innovators, with deep roots in Vietnam, strong political and financial backing, and connections to educational institutions around the world.
Fulbright University Vietnam believes in the power of collaboration, transdisciplinary thinking, and risk-taking, and understands that effective education requires putting students at its center. Globally integrated but deeply embedded in Vietnamese society, Fulbright is dedicated to providing a world-class education, utilizing the latest advancements in institutional design, teaching, learning, technology and other fields to create an institution that is both innovative and globally relevant. Importantly, Fulbright is committed to serving Vietnamese society through rigorous research and responsible civic engagement.
Learn more at www.fulbright.edu.vn