Social Incubator East - Third weekend

Press release:

Social Incubator East's Social Venture Weekend, which attracted more than 120 people to its initial two events, will hold its third instalment at Cambridge Judge Business School 27 February - 1 March 2015.

 

"The first two Social Venture Weekends held in June and October 2014 were really successful, so we're very excited to prepare for the third time around," said Belinda Bell, programme director at Social Incubator East.

 

Social Venture Weekend is comprised of two-and-a-half days of intensive training provided by faculty and practitioners associated with Cambridge Judge, which is designed to give participants both the knowledge and inspiration to grow their social ventures.

 

"Another key part of this training involves tips on pitching their ideas to potential investors, because that is such a crucial element for the success of social ventures," Bell said.

 

So far, 25 ventures from the first two Social Venture Weekends have been invited to join a 12-month Social Incubator East programme that offers further training, business advice, work space and access to finance and networks.

 

Among the ventures now benefitting from this support areOpenJamJarandGoshawk Communications.

 

OpenJamJargives landlords, renters, housing associations and credit unions assurance of successful payment processing, which is an issue due to private landlord flight from the social housing sector after changes in the way housing benefit is paid.OpenJamJaralso provides an opportunity for renters receiving housing benefit to build a credit score and break the cycle of debt. By assuring a cash flow for housing associations, the venture reduces the need for costly emergency housing provision by local authorities.

 

Pilots are set to take place April 2015 in Peterborough, Sheffield and Barnsley, andOpenJamJarplans to roll the venture out nationally in Autumn.

 

Goshawk Communicationsis developing a software solution that enables hearing-impaired people to receive a personalised audio signal, based on their unique hearing loss, direct to their mobile phone or hearing device. Hearing impairment is the third most prevalent public health issue in the world, and a recent report projected that hearing loss will increase to 20% of the UK population by 2031 as the population ages.

 

Goshawk believes that its patented technology, once proven in the UK, can be rolled out globally after 15 months and provide personalised hearing assistance up to 20 times cheaper than privately fitted hearing aids.