Barloworld Mbewu will provide support to small businesses, non-profit organisations, social cooperatives and training institutions whose ideas are aimed at uplifting communities in townships and rural areas.
Programme beneficiaries will be selected from social enterprise start-ups and established social businesses with proven income streams and potential for scalability.
Entities can apply online and shortlisted business will be invited to pitch their organizations to a panel of experts.
Only the most innovative submissions will be selected for the programme. Barloworld will use its partners to provide funding to winners, access to finance and incubation with the aim of scaling up their business and create sustainable social value.
"We've re-looked our approach to social investment with the aim of maximising social value creation and we believe that social enterprises are an ideal vehicle to further contribute to inclusive growth," said Barloworld CEO Dominic Sewela.
Organisation applying need to be:
- black-owned and run by South Africans;
- operational for more than a year;
- active in marginalised and previously disadvantaged communities;
- active in the education, automotive value chance, agro-processing, agriculture, green economy, groundbreaking innovation, creative arts and the use of technology to address local challenges.
Businesses involved in gambling, alcohol and sex work will not be considered. Applications will close on July 31.