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Understanding the Right Funding for Social Enterprise Workshop



On 27th – 28th November 2018, Instellar held the last workshop for Rise Inc.6 titled Understanding The Right Funding for Social Enterprise.

Finding the right funders and securing finances can be a challenging, time-consuming, and complicated process.

According to Amy Millman, president of Springboard Enterprises, an accelerator for women-led businesses in technology, media and life sciences ““You need to present a compelling business case that makes them believe not only that your company will generate significant returns on their investment, but also that you have the capability to execute that vision,”

The Right funding for Social Enterprise Workshop provides an overview of sources of finance for new and growing social enterprises, what different types of funders they are looking for, what needs to be in place to maximize their chances to successfully getting fund, and insights to how effectively pitch their business to potential funders to ensure that they can raise the right money at the right time.

On the last workshop, we have 3 facilitators taught the participants how to deliver the effective presentation skills to investors.

Business Plan and The Right Funding session delivered by Adisti M Chandra, Management Consultant Lead at Empassion. This session helped the participants to review their business plan and shared about types of funding.

Then Bayu Asmara, Marketing and Branding Strategy Consultant taught the participants about how to create a great pitch deck for pitching.

And at the last session, we had Yosanova Savitry, Principal at MarkPlus, Inc as the speaker for Effective Presentation Skill. She explained the participants to have the audience’s point of view and pay attention to every little thing in the presentation.

After these 3 sessions, the participant did a pitching and assessed by our 3 facilitators. The participants got many inputs and advice about their performance and the pitch deck so that they can revise and improve to have a better pitching.

And here are the tips for building a good pitch deck:

  • Do not include slide after slide about your technology.
  • Avoid making statements commonly heard by all investors, such as, “If we get one percent of the total market we will be successful” or “We will have first-mover advantage.”
  • The rules of 10/20/30 apply to all aspects of pitching when building your business as an entrepreneur, such as making sales, creating partnerships, hiring employees or convincing suppliers to sell to you.
  • Remember, for an entrepreneur, “Life’s a pitch!”
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Source: https://www.marsdd.com/mars-library/how-to-create-a-pitch-deck-for-investors/

Conclusion:

You need to make sure the context is compelling, interesting and must address the topics that investors expect to see.

By: Beby Karina