Empowering Communities: NESsT and Partners Launch New Initiative
Empowering Communities Through the CEE Accelerator Program
NESsT, a prominent global impact investor and venture philanthropist, along with IKEA Social Entrepreneurship and the Cisco Foundation, is excited to announce a significant advancement in their ongoing CEE Accelerator Program. This innovative initiative is designed to uplift social enterprises that focus on creating dignified job opportunities for individuals from marginalized communities.
Addressing Systemic Barriers
The CEE Accelerator Program aims to target several underrepresented groups, including refugees, women, at-risk youth, and the LGBTQIA+ community. This new phase seeks to expand upon the foundational work of previous initiatives, particularly the NESsT Refugee Employment Initiative, which has fostered invaluable learnings during its tenure.
Celebrating Past Achievements
Over the past three years, NESsT's collaboration with IKEA Social Entrepreneurship and the Cisco Foundation has created profound impacts on numerous underserved communities. Their unified effort has resulted in helping 20 social enterprises produce around 3,900 jobs. Among these, more than 875 positions were specifically designated for refugees and migrants, thereby significantly enhancing their economic stability.
Strategic Expansion of Goals
The upcoming iteration of the CEE Accelerator Program establishes ambitious objectives, including supporting 26 social enterprises across the region by December 2027. This collective initiative is set to create and maintain 1,200 jobs that promise fair compensation. Notably, it will also promote sustainable practices within these organizations, reflecting a broader commitment to addressing contemporary social and environmental challenges.
Insights from Experience
The NESsT team has been instrumental in developing a holistic approach to fostering these social enterprises. By focusing on intersecting challenges such as social inclusion and environmental sustainability, they have demonstrated that innovative business models can produce enduring impacts. One of the shining examples is ALTRNTV, a conscious fashion store that supports over 150 local artisans, primarily women, while contributing positively to the circular economy.
Innovative Partnerships and Future Plans
Additional examples of impactful social enterprises include Ekoinbud, dedicated to minimizing the construction sector's environmental footprint. Ekoinbud's commitment is to create 180 meaningful employment opportunities, targeting youth and women, especially those affected by the war in Ukraine. Such projects exemplify how these collaborations are vital to empowering communities through social entrepreneurship.
Commitment from Cisco Foundation
The Cisco Foundation, through its partnership with NESsT, emphasizes its dedication to creating innovative solutions aimed at uplifting underserved communities. By leveraging technology and resources, the foundation aims to address systemic issues, promoting long-lasting, impactful change across Central-Eastern Europe.
Call to Action for Collaboration
The efforts of the NESsT CEE Accelerator Program are an open invitation for new collaborators and donors eager to help amplify these powerful initiatives. Organizations interested in contributing to social impact are encouraged to reach out to NESsT for partnership opportunities. Moreover, social enterprises in Poland and Romania looking to join this transformative program can find more information on NESsT’s dedicated platform.
About NESsT
NESsT has a proud history of investing in and nurturing social enterprises that uplift underserved communities. With nearly three decades of experience, NESsT has directly supported over 300 enterprises, fostering dignified employment opportunities for more than 113,000 individuals, thereby impacting over 1.8 million lives worldwide.
About IKEA Social Entrepreneurship
Founded in 2018, IKEA Social Entrepreneurship is committed to enhancing opportunities for marginalized groups. By offering investments and co-developing accelerator programs, they empower social entrepreneurs to transform their communities, fostering greater impact and reach.
About Cisco Foundation
The Cisco Foundation envisions a future where communities are equitable, resilient, and capable of thriving. By partnering with dynamic organizations, it focuses on crafting innovative digital solutions that address both social and environmental challenges. Through its affiliation with Cisco, the foundation has been pivotal in leveraging technology for good since its establishment in 1997.
Frequently Asked Questions
What is the NESsT Central-Eastern Europe Accelerator Program?
This program supports social enterprises in reaching their financial, social, and environmental goals while creating dignified job opportunities for marginalized communities.
How does the CEE Accelerator Program affect local communities?
It enhances local communities by creating jobs, promoting sustainability, and addressing social barriers faced by individuals from diverse backgrounds.
What role does Cisco Foundation play in this initiative?
The Cisco Foundation supports the NESsT Accelerator Program through strategic partnerships, focusing on innovative solutions that empower underserved communities.
Who can apply for support from the CEE Accelerator Program?
Social enterprises in Poland and Romania aiming to create social impact and job opportunities are encouraged to apply for support from the program.
What impact has NESsT had previously?
Over 28 years, NESsT has supported more than 300 enterprises, positively impacting over 1.8 million lives byproviding dignified employment and improving economic opportunities.
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