IIX Asia picks 4 PH social enterprises for Impact Accelerator program

Visual from the homepage of Asia IIX

Impact Investment Exchange Asia (IIX), a Singapore-based organisation, has chosen four social enterprises (SEs) in the Philippines to participate in its Impact Accelerator program.

Launched in October 2014, Impact Accelerator is an intensive acceleration program that targets early-stage SEs with high potential for growth and scalability.

The four Filipino SEs that triumphed a competitive selection process include Anthill Fabric Gallery, Hiraya Technology Solutions, Kapwa Greens, and Sidlakpinoy.

The four SEs will benefit from IIX’s acceleration services for over six months to enable them to deepen their impact and become investment ready.

Also read: IIX Asia launches new SE Investment platform in PH

A sustainable livelihood SE, Anthill Fabric Gallery employs indigenous, rural and urban communities to transform traditional Philippines weaves into contemporary wear and accessories.

Hiraya Technology Solutions, meanwhile, is a pioneering water enterprise that developed a Real-Time Adjusting Pump System (R-TAP), an advanced pressure management system to help water service providers adjust water pressure across the network to match local demand while reducing water waste.

Also read: PH startup Hiraya mulls regional expansion

As for Kapwa Greens, it is an agriculture SE that became one of the first local companies to sell herbal tea made from native plants in the Philippines. In producing the tea, Kapwa Greens works with underprivileged women.

Finally, housing and infrastructure SE Sidlakpinoy was chosen for its usage of silt — a freely available raw material found in water bodies — to make bricks for construction using an innovative social franchising model.

Sidlakpinoy which means “shine forth Filipino” in the Visayan language, states that silt is more environmentally friendly and less expensive than the concrete bricks that dominate the market.

“In addition to accelerating the growth and scalability of these four enterprises, Impact Accelerator will play a leading role in building the Impact Investing ecosystem in the Philippines by improving the visibility of local SEs and facilitating investor engagement within the space,” IIX said.

IIX is working with ASSIST (Asia Society for Social Improvement and Sustainable Transformation) as its local Philippines partner.

Since its local launch five months ago, the Impact Accelerator program received 55 applications from enterprises spanning geographically diverse locations and across a broad sector scope, including agriculture, energy, water, livelihoods, education, and healthcare. Each application was assessed on several parameters including: focus on the poor or marginalized, unique value proposition and market potential, social and environmental impact of the venture, and financial viability.

To date, IIX has facilitated $9.2 million of investment impacting more than 8 million people across Asia with $18.8 million in social value created, it said in a statement.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.