Charities and not-for-profit organisations provide a critical role in the delivery of services to the Australian community. In a climate of ever diminishing funding, and the concurrent increase in service delivery demand, community service organisations need meaningful, mission-aligned alternative revenue streams as never before.
We know it can be challenging to find the space and time to explore these opportunities while caught up in the day to day work of service delivery.
Impact Seed’s Residency Program provides not-for-profit organisations with the help and expertise needed to scope out commercial opportunities. We come to you, spend time on the ground in your organisation, understanding your unique challenges and specific operating environment. Our team will work with you to identify potential commercial revenue streams, and if you need further hands-on help, we can also walk you through every stage of establishment.
The NFP Residency Program assists in:
- Identifying opportunities for commercial revenue streams
- Identifying opportunities for innovation in Service Delivery
- Market testing possible enterprise ideas
- Building the commercial model for commercialisation opportunities
- Matching potentially aligned enterprises with your organisation
- Matching aligned community sector partners to drive economies of scale
Impact Seed are impact investment capacity builders and the NFP residency program provides an opportunity to develop products and services that have the potential to scale or replicate, which in turn allows us to attract impact co-investors, promoting and growing the field of impact investment and increase scaleable and sustainable social impact in Western Australia.
Not-for-profit organisations can set up, invest in and own (or co-invest) in for-profit commercial enterprises, which derive income to support their charitable work. We prioritise working with NFPs that are open to co-investment.
Various options exist for funding NFP Residency work, including fee-for-service, pay-for-performance, and there are various grants aligned with the objectives of the Program, including the Impact Investment Ready – Discovery Grant.
For more info, contact us at: firstname.lastname@example.org