By winning a SEED Award, an enterprise can qualify for the SEED Accelerator, a support package stretching over a period of one year that includes One-to-one Advice as well as a Financial Contribution of USD 40,000. Since 2013, nine SEED Award Winners received the SEED Accelerator Support, furthering their investment readiness and operational excellence.
The SEED Accelerator entails:
One-to-one advice regarding options for scaling up the enterprise, particularly access to finance, building financial literacy, putting in place and refining sound accounting as well as financial management systems through remote and face-to-face support.
A financial contribution of USD 40,000 to be used specifically to establish the enterprise more securely and provide a base for further expansion.
The SEED Accelerator is conducted primarily on an in-country basis through workshops and regular face-to-face meetings of SEED Accelerator Recipients and trained business development service providers. Additional support is provided on a remote basis, which focuses mainly on business-planning support (incl. triple bottom line) via telephone, Skype and email. The support package is structured in the three categories Needs Assessment, Workshops and Reporting.
Before SEED Accelerator Recipients participate in workshops, their individual capacity building needs are assessed. Focusing on their financial literacy and capacity the individual support needs of each enterprise are identified through questionnaires and phone calls. Based on this financial capacity assessment a customised roadmap is developed to outline the enterprise's specific needs. The developed roadmap provides a framework for tailoring of support activities and the agenda of future workshops.
A customised workshop series allows winners to develop a sound support plan on how the money received by SEED will be spent; further do the workshops allow the enterprise to better monitor their triple bottom line impacts and gain crucial financial literacy and management skills. All SEED Accelerator Recipients participate in four intense three-day long workshops, the Kick-off Meeting, the Acceleration Meeting, the Consolidation Meeting and the Closure Meeting.
The Kick-off Meeting is the first block of workshops and introduces business model tools, production and operation plans, financial topics, strategies to scale-up and replicate certain activities and support plan development.
The Acceleration Meeting focuses on financial tools development and roll-out including cost controlling, pricing strategies, accounting and taxation. In addition, impact measurement tools and support plan monitoring strategies are introduced.
The Consolidation Meeting is also focused on financial tools, outlining how to manage financial statements and evaluate scale-up investment decisions. Moreover, this workshop introduce strategies to scale-up and replicate social and environmental business models.
The Closure Meeting is the final workshop of the series of tailored support activities. The SEED Accelerator Recipient is assisted in a variety of business areas including impact measurement, financial tools, scale-up and replication, support plan monitoring and follow up financing strategies.
During and after the workshop series all Accelerator Recipients are required to report to SEED the progress they have made. Reports describe the progress against the roadmap and the workshop agenda enabling SEED to monitor overall development and adapt future assistance.
The first cohort of SEED Accelerator Recipients, funded through the generous support of the Government of Flanders:
- Reclaiming Livelihoods - Mooi River Waste Reclaiming (2010 SEED Winner, South Africa)
- IMAI Farming Cooperative (2011 SEED Winner, South Africa)
The first cohort of SEED Accelerator Recipients, funded through the generous support of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB):
- Nuru Energy (2013 SEED Low Carbon Winner, Uganda)
- Tambul Leaf Plates (2013 SEED Low Carbon Winner, India)
The second cohort of SEED Accelerator Recipients, funded through the generous support of the Government of Flanders:
The second cohort of SEED Accelerator Recipients, funded through the generous support of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB):
- Green Heat (2014 SEED Low Carbon Winner, Uganda)
- Frontier Markers (2014 SEED Low Carbon Winner, India)
- Pro Planet (2014 SEED Low Carbon Winner, Colombia)
The third cohort of two SEED Accelerator Recipients, funded through the generous support of the Government of Flanders:
The Fourth cohort of two SEED Accelerator Recipients, funded through the generous support of the Government of Flanders: