WHAT WE OFFER
At We Share we don’t want a lack of funding to hold back social entrepreneurs from attaining the SDGs. Through us, eligible social entrepreneurs can apply for long-term loans with low interest rates – it’s what we call patient capital. Social entrepreneurs are eligible for donations or other forms of funding up to a maximum of € 250,000. Alongside this, we provide tailored support to help our startups make the most of their potential.
WHY SOCIAL ENTREPRENEURS?
IDEA TO IMPLEMENTATION
The life cycle of any company starts with an idea. If that idea concerns a real innovation, there will initially be few parties who are prepared to provide the entrepreneur with the means to develop his idea, build a prototype and test it in the market. However, for social entrepreneurship projects that put impact first and profit second, it is almost impossible to attain this kind of funding. We Share aims to level this playing field.
BRIDGING THE ‘VALLEY OF DEATH’
After the initial enthusiasm of family, friends and subsidy providers, social entrepreneurs enter a phase where (much) more money is needed to take their innovation a step further. Many young innovators fail to bridge this period – referred to as ‘Valley of Death’. As a result, a lot of good ideas that could bring the SDGs closer to the ground will die prematurely.
EXPERTISE IN YOUR CORNER
Various studies have shown that as many as 60 to 80% of startups fail in their first 5 years. This number is even higher for social startups. We want to change that with our 100+ years of entrepreneurship experience, having navigated the choppy waters of entrepreneurship many times over. We are uniquely positioned to support and mentor.
OUR SELECTION CRITERIA
- PURPOSE-DRIVEN: Your venture has an innovative solution to one or more of the UN Sustainable Development Goals
- AGE: Your venture must be less than three years old
- STAGE: There is a proof of concept and a concrete view of turnover. You have a plan, which shows, among other things, what the product or service is, which target group(s) the social entrepreneur wants to serve, how to reach those target groups, structure of the organization, a cost-benefit analysis, cash flow forecast; cannot be financed in a normal way on the capital market.
- TEAM: Your founding team consists of passionate, creative entrepreneurs
- SHARING FORWARD: The social entrepreneur and each of the founders endorse the We Share’s Sharing Forward concept and are willing to join the Community.
Every social entrepreneur that wants to raise funding via We Share signs a draft contract. This is a basic agreement highlighting the terms of collaboration and what is expected from all parties. Upon both sides signing on the dotted line, you will be given access to our platform wherein you will make a ‘project-page’, which will be shared with donors in our community.
Delicious, nutritious and impact-conscious burgers made from insects, helping reduce meat dependency and putting focus on the global food crisis.
Refining raw data and satellite imagery to empower sustainability consultants to achieve the UN SDG’s and aid the climate crisis.
FREQUENTLY ASKED QUESTIONS
I am a startup. How can I apply to be placed on We Share platform?
Please have a look at our startup selection criteria. If your startup checks all the required boxes, write to us at [email protected] and we will get back to you shortly.
What do you mean by ‘impact startups’?
Impact startups are enterprises committed to making a positive social and environmental impact, with the secondary objective of making financial returns. They play an important role in driving change and, under our definition, contribute towards at least one of the SDGs. It is vital for We Share startups to have impact as their primary focus.
What is the maximum amount of money We Share can raise for a startup?
The maximum amount which can be raised for a startup is € 250,000.
What do you do for the startups’ apart from providing a loan?
The We Share Community comprises seasoned entrepreneurs who have built successful companies from the ground up. With We Share startups, Community members are encouraged to share their field-specific experience and knowledge and additionally providing startups with access to their networks.