We support entrepreneurs globally with innovation-based entrepreneurship training and mentoring via our online/hybrid incubation programs.
13. Financial Sustainability – funding breakdown: please list a quick breakdown of your funding, indicating an estimated percentage that comes from each source.
a) The Leap (B2C): 15% of revenue. Entrepreneurs pay 450Euros (150/month) but our costs are around 1,400 per entrepreneur, hence we subsidize 950 from the 60% margin we make in B2B programs.
b) B2B Programs (building the innovation/entrepreneurship programs of our clients): 85% of the revenue.
15. Growth Strategy: What are your main strategies for scaling your impact?
We will grow by regional satellite offices while replicating the model that was successful in Spain, but keeping operations and product teams in Madrid. Client acquisition will be local but trained by HQ. We developed a “scaling footprint" that country managers will use to scale. Key strategic partners (Ashoka, universities and corporates) help us expand our offerings while digital marketing acts as another growth channel. We’re also finally benefiting from “network effects” by having mentors, alumni, corporates, investors, universities and United Nations as members of our community.
16. Activating changemakers: How are you giving people the power to control their own destiny and support other people to become changemakers in their communities?
As Ashoka fellows, we believe that indirect impact is more important than direct service. Bridge acts as a catalyst for the impact of all our entrepreneurs and we also empower partners (B2B clients) that act within their entrepreneurial ecosystems, hence empower more changemakers. We also see mentors turning into changemakers themselves. All this, generates a ripple effect that will result in a more efficient, meritocratic and inclusive ecosystems. This year we are starting to influence public discourse in Spain by working within ecosystems stakeholders and bridging the gaps in between them.
17. Awards & Recognitions: What awards or recognitions, if any, has the project received so far?
Ashoka Fellow 2017
Forbes 30 Under 30 Social Entrepreneur 2017
CHOISEUL100-Economic Leaders for Tomorrow, 2017, 2018, 2019
Youth Entrepreneurship Award by International Youth Foundation, 2017
GoSDG#10 from United Nations Global Compact, 2018
BBVA Momentum Fellow 2017
Impact Hub Scaling Program 2016
18. Tell us about how collaborations and partnerships would enhance the scalability and impact of your project
We build bridges across individuals and act as architects of bridges of other organizations. Collaboration is core to our scaling model. This is why we need HSBC and Ashoka to impact many more entrepreneurs globally, invite HSBC employees to join our ecosystem and collectively generate a greater impact. After years working with Ashoka Spain, we are currently framing a partnership with Global and Partnership teams to work together and scale the impact of Ashoka’s and Ashoka partners’.