YSB has joined forces with MAN Truck & Bus, a Munich-based manufacturer, to launch the ‘MAN Impact Accelerator’ and provide support to where it is needed the most. This programme supports start-ups that seek to harness the power of digital technology in innovative ways to tackle logistic, transport and mobility issues.
Eight start-ups stood out from the rest of the 80 applications, not only for their contribution to improve mobility issues, but for the ways their solutions have a wider social impact, for example in their strong entrepreneurial ethos, and initial success.
The start-ups have embarked on a six-month long journey through five mobility ecosystems; Paris, Munich, Mumbai, Capetown and San Francisco. Each program week is dedicated to specific themes and supported by a team of mentors that bring their industry expertise to the table. This encourages our start-ups to think beyond their local markets and apply their ideas to different context-specific issues across the world whilst connecting with other social entrepreneurs in the same field.
The diversity in resources, knowledge, and skills that each mentor has accumulated through years of experience has helped our start-ups reach new levels. Already, they are receiving some pivotal input from a diversity of companies such as AirBnB, Amazon, John Deere, Maersk Line and others.
We asked some of the leading mentors for their impressions about the first Program Week in Munich, and here’s what Eduardo Ruiz from Uber had to say: “It was a week of excitement and passion from everyone there. The family spirit created by the organisation humanized mentors to get rid of their ego and entrepreneurs to take feedback and act upon it. It is very fulfilling to help start-ups. It is an experience I highly recommend.
At YSB, we believe in the power of entrepreneurial spirit to tackle some of the most pressing social and environmental issues we are facing today. We believe that change can happen by bringing the right minds and hearts together in one room to not only write science but also social fiction. The accelerator helps us connect the social businesses to mentors and partners while exciting our corporate partners about the potential of social business – both for their own strategy as well as their purpose.
The Chairman of the General Works Council at MAN emphasises the significance of the programme from the point of view of employees: “Those of us who work at MAN support the company’s social commitment wholeheartedly – be it local, national or international. We are confident that many exciting ideas will come to fruition along the way.”
Stay tuned for our next blog post where we’ll introduce you to our start-ups and demonstrate their cutting-edge talent in the mobility, transport and logistics space.
On 20 March this year, Luis Miguel Botero discovered that his social business, Pomario, faced an existential threat. It was the day that a nation-wide quarantine in Colombia was announced, which was ultimately extended until the end of August. For Botero, as for many business owners, this presented the threat that his social businesses’ revenues would disappear overnight.
This is for growth-stage businesses that seek to solve a social problem. We are looking for businesses that want to level up and become ready for investment. Social Businesses that seek to apply to the programme should be generating revenues of around US$250,000.
In the midst of profound setbacks, we have been able to carry out work which has shown us that we are an organisation that lives up to its mission and remains true to its purpose.