The Collective Impact Residency Program is looking for Black entrepreneurs who are making a positive impact in their communities. At the Impact Residency, you’ll get the mindset, tools, and network to help you grow your social enterprise and become an extraordinary entrepreneur.

The The Collective Impact Residency Program is a 6-month programme during which you’ll receive 1-on-1 mentoring and coaching, group workshops, and have access to our network of partners and investors. Moreover, you will be part of a cohort of exceptional founders, and the wider community of The Collective Foundation. The events of the programme run for 3 full days in the first week of each month; during which you will stay at The Collective’s co-living building in Canary Wharf.

Cost

The participation is entirely free of charge and funded by The Collective Foundation. The Collective Foundation does not charge any equity or program fees. It is a non-profit organization and the only goal is for the entrepreneurs to succeed.

Benefits 

• Gain practical tools to grow your business. Candidates will receive 1-on-1 coaching sessions and group workshops, on business fundamentals such as fundraising, marketing and leadership skills.
• Get paired with a successful entrepreneur or industry leader, who will share knowledge and experience by providing advice, network contacts, and ongoing personal support and encouragement. All mentor matches will be made on a highly personal basis, to suit your needs. Your mentor will be asked to commit at least 10 hours to mentor you during the programme.
• Get introduced to our network of partners and investors who have the resources to skyrocket your business. Furthermore, the network of partners includes BYP Network, Black and Good, OneTech, and Thomson Reuters Foundation.

Criteria 

• Black Entrepreneur: Eligible entrepreneurs will have to have a majority stake or major decision-making power in the organization.
• Social Impact: Social impact must be the top priority of the start-up. We accept both non-profit and for-profit organizations that align with the four Focus Areas: Economic Opportunity, Health and Wellbeing, Social Integration, and Environmental Sustainability.
• Early-stage Business: You are able to show us that your product or service has already benefited people. While it’s not a hard rule, we typically work with start-ups that are less than 5 years old and have not yet raised Series A funding.
• Based in the UK: The program accepts candidates from across the UK. Candidates will, however, need to ensure attendance in London for the monthly event program (subject to future COVID-19 travel restrictions and public health guidelines).

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