Impact Ventures Accelerator Program, for social enterprises, launches in Southeast Asia

The Impact Ventures Accelerator Program (IVAP), which provides 8 to 24 months, of business consulting and financial support to social enterprises, has been launched in Indonesia, Thailand, Vietnam, and the Philippines.

The program is being run by LGT Venture Philanthropy, an impact investor spanning five continents that supports organizations with outstanding social and environmental impact.

IVAP is run in partnership with local partners around the region.

They are: GEPI in Indonesia, ChangeFusion in Thailand, CSIP in Vietnam, and xchange in Philippines.

Organizations that are registered legal entities, for or non-profit, in the respective countries are eligible to apply (full criteria). The deadline is 5th March, 2012, and only the top two to three entries from each country will be selected.

The accelerator program promises to provide business consultancy, funding of up to US$50,000 from equity, convertible loan or convertible grant, and access to mentors from Southeast Asia as well as LGT Venture Philanthropy’s global network of entrepreneurs, investment managers, and cooperation partners.

Quarterly workshops on topics like business modeling, market assessment and more will also be held, and participants may even potentially receive follow-on investments other institutions and individuals.