LaunchMe opens for applications

LaunchMe opens for applications

LaunchMe, the Scottish accelerator programme aimed at social enterprises, has opened for its third round of applications.

The only programme of its kind in the country, LaunchMe supports social enterprises by getting them investment ready and connecting them with investors looking for social as well as financial returns.

In addition to initial seed funding of up to £25,000, participants can also apply for funding of up to £100,000 to match any investment they secure during the three-year programme.

Karen McGregor, chief executive of Firstport, said: “We are excited to launch our search to find the next group of the most ambitious, early stage social enterprises in Scotland.

“Over the last two years, we have shown that social enterprises have the potential to achieve scale and bring about more social and economic benefits to communities across Scotland.

“In addition, the programme’s unique way of using grant funding to leverage investment has successfully attracted a number of social investors, pioneering new ways of financing a social return.

“We are confident that our latest search will uncover another amazing group of social entrepreneurs with the vision and ambition to change Scotland for the better.”

Launched in 2014, LaunchMe has already helped 14 social enterprises on their mission to scale up and increase their social impact. 

The programme has attracted the attention of the Scottish angel investor community and has successfully brokered a number of investment deals worth over £500,000.

Interested applicants should visit the Firstport website for further information. Applications close on Monday 28 November.