The Mill House Social Enterprise Accelerator program gives participants advice and mentoring, an entrepreneurial education and targeted assistance such as introductions to potential partners and customers.

There is an exciting pathway of activities available to help social entrepreneurs build a sustainable and investible venture

CATALYSE

• Explore the requirements for starting a social enterprise in a fun and engaging session

• Put your social enterprise idea to the test, and “socialise” your idea with supportive Industry Professionals and social impact investors

• Get constructive feedback on the impact and financial potential of your venture

• Explore whether the Mill House approach to social venture building suits you and your theory of change

GRIST

 • Build your social enterprise with a tried-and-tested Accelerator experience, based on the Social Traders Crunch program

• Experience high-quality workshops and resources specific to social venture establishment and growth with a supportive cohort of fellow social entrepreneurs

• Create a business model with the support of our staff and your mentor

• Test your minimum viable product, social impact and value positions with end-users and customers

The Mill House Social Enterprise Accelerator

The Mill House Social Enterprise Accelerator delivers venture development skills and networks to enable social enterprises to become sustainable and generate social impact.

CATALYSE introduces individuals to social venture building and the Mill House approaches.

GRIST accelerates the development of enterprises by validating their business models and preparing them to access capital and customers.

Through the Mill House Ventures’ high calibre networks, the program provides industry-specific expertise through business mentors from a range of organisations, as well as analytical support from The Mill House Clinic.

Social enterprises that have participated in our programs help marginalised people by generating jobs and providing solutions to community problems in areas such as economic participation, health, housing, education and food security. The Mill House’s Social Enterprise Accelerator:

• Develops the business and impact model of enterprises

• Prepares enterprises to secure investment

• Lays the foundations for growth and customer acquisition

The Mill House Social Enterprise Accelerator Program is powered by the well-regarded Social Traders Accelerator Program, Crunch. Social Traders established Australia’s first social enterprise start-up accelerator program – Crunch. The key skill gaps the Crunch program sought to address include business skills, access to connections and networks, and challenges in scaling. Learn more about Social Traders and social enterprise accreditation here

CATALYSE:

Social Entrepreneurs will have the opportunity to discuss their specific idea with members of the Mill House team and experienced mentors. In a friendly ‘world café’ format, changemakers will get real-time constructive feedback on their social venture business model. This includes clarifying all-important ‘next steps,’ including an opportunity to engage with the Mill House to determine suitability for GRIST, our flagship Accelerator program.

Catalyse events are half-day workshop offered in Canberra and sessions are strongly recommended for any individual or venture team considering making an application to GRIST or the SERVICE ONE Social Enterprise Loan Scheme. Participation will be open to individuals, businesses and organisations with an existing or potential social venture. See upcoming Catalyse Dates

GRIST:

The GRIST workstream is a five-month intensive program, structured as regular, monthly workshops complemented by access to a dedicated mentor. GRIST places are offered to social ventures who are committed to validating their (financial) model and impact narrative, and have attended a catlayse session. In 2020, GRIST will run from early June until early November where ventures culminate in a Graduation and Investment Showcase.

Explore your suitability for our program by booking a free consultation with one of our team

Social Enterprise funding and finance

The Mill House Ventures does not take any equity in your ventures, nor do we offer program specific funding. Rather, we support ventures to earn money through trade by identifying prospective customers and make sales.

Where appropriate, we support you to be prepared to access other sources of finance, whether through loans, grants or equity investment (angel and Venture Capital). Most importantly, we support you in developing (and documenting) the financial models that are essential for any type of business raising finance and introduce you to the right people to meet your needs.

There are several finance options available to social entrepreneurs. As a result of your participation in our Accelerator, you will be confident in deciding whether you need external finance and, in your ability to connect with potential investors, grant-making bodies, lenders and others.

SERVICE ONE Social Enterprise Loan Scheme

As both a social enterprise themselves and founding member of the Mill House Ventures, SERVICE ONE provides a range of banking products and services to help you manage the financial needs of your business. They offer flexible loan finance up to $25,000 for ventures with viable business plans. They also offer Transactional banking and accounting feeds as well as Point-of-Sale solutions to help you scale your ventures.

Crowdfunding – activating your community to develop your MVP

Social enterprises ready for the challenge of crowdfunding will be supported to design and launch a crowdfunding campaign. In 2019, our delivery partner StartSomeGood offered expertise and resources to help our GRIST participants achieve successful outcomes and data for their Minimum Viable Product. These campaigns were also offered seed funding to drive their campaign success through our partnership with SERVICE ONE.