Allianz Group, Impact Hub launch acceleration programme

By Digital News Asia October 11, 2017

The four countries taking part are Brazil, Germany, Malaysia and Turkey
Applications are open until Nov 26, 2017

Allianz Group, Impact Hub launch acceleration programme

ALLIANZ Group Bhd and Impact Hub announced the launch of the ‘Investment Ready Programme 'Encouraging Future Generations'.

This is an acceleration programme, tailored for purpose driven entrepreneurs aiming to foster social inclusion of children and youth across four countries - Brazil, Germany, Malaysia and Turkey.

The programme aims to equip social entrepreneurs with everything they need to know in order to attract the right capital for their organisation.

Over the duration of six months, 10 participating teams from the four countries will engage in a systematic review of their business model, strategy, and team before crafting a validated growth and investment plan.

“Allianz Malaysia is proud to be one of four countries taking part in the first ever Investment Ready Programme initiated by Allianz Group. We acknowledge the importance of contributing back to society and have done so through our volunteering activities and corporate giving initiatives, amongst others.

“However, we are also interested in supporting new types of business that foster innovation and could potentially provide sustainable, long-term impact.” said Allianz Malaysia chief executive officer Zakri Khir.

Participating teams will receive individual support and coaching by experienced entrepreneurs, investors, Allianz mentors and content experts.

Beyond that, all participants will be part of two multi-day workshop sessions in February and June in Munich, and have the chance to pitch in front of a jury for the Allianz Future Generations Award (40,000 euro or RM199,000) at the end of the programme.

“Pursuing innovative solutions is part and parcel of Allianz Malaysia’s business strategy. This programme, as well as our partnership with SuperCharger for their fintech accelerator programme, demonstrates our belief in the potential of new ideas to address business and societal challenges,” continued Zakri.

Fostering social inclusion of children and young people is the cornerstone of this Investment Ready Programme.

Each local Allianz entity has also highlighted particular topics which are societal challenges faced locally.

In Malaysia, these topics are diversity, education, health, environment, and safety and protection.

Purpose-driven entrepreneurs working on scalable (proof-of-concept) solutions targeting social inclusion that are seeking investment are invited to apply.

More information can be found on Impact Hub Kuala Lumpur’s website at https://kualalumpur.impacthub.net/investment-ready-program/ and applications are open until Nov 26, 2017.