SPRING Accelerator announces its fourth cohort of businesses committed to girl impact

SPRING Accelerator announces its fourth cohort of businesses committed to girl impact

SPRING Accelerator is delighted to announce its 4th cohort, bringing to the programme 20 businesses across South Asia selected for their commitment to making a lasting difference to the lives of adolescent girls aged 10-19.

This year’s cohort includes businesses in Bangladesh, Myanmar, Nepal and Pakistan with a mix of early, growth and more mature businesses each committing to innovation and girl impact.

From technology businesses improving access to skills and careers in Science, Technology, Engineering, the Arts and Maths  (STEAM), to an organization rebuilding villages and fighting rural poverty in Nepal after the 2015 earthquake, the cohort’s participants range across several industries and approaches to girl impact.

These 20 businesses will work with leading human-centred design experts from fuseproject and SPRING’s consortium to develop products and services that enable girls to earn, learn, save, and stay healthy and safe.

Details of all 20 businesses selected for SPRING’s 4th cohort are available here.

Designed to transform the lives of adolescent girls by creating sustainable markets for life-enhancing products and services, SPRING Accelerator is a unique programme giving businesses and social enterprises in East Africa and South Asia nine months of world-class technical expertise. Through the programme participants undertake research to understand the challenges facing girls in their region, while prototyping and implementing user-centric innovations, both high and low tech. More details of the curriculum are available here.

With 55 businesses taken through the programme to date and twenty more arriving with Cohort 4, SPRING is now placing emphasis on sharing the learnings made on creating long-term impact for girls to date with the donor community, investors and the businesses themselves.

SPRING’s CEO Robert Haynie says:

“We are pleased and proud to announce our 4th cohort, working in the South Asia region for the second time – newly launching in Myanmar and returning to Bangladesh, Nepal and Pakistan. The diversity of our participants is testament to the growing number of market-driven solutions for social impact, and we’re excited to work with 20 new businesses to develop their knowledge and approach in meeting the needs of adolescent girls. We look forward to bringing these bright entrepreneurs together to harness the power of human-centred design and to learn from each other’s experiences.”

Suzanne Biegel, SPRING’s Investment Director, says:

“Announcing our latest cohort in South Asia is another exciting milestone for SPRING Accelerator, and each business brings an exceptional combination of leadership and passion to the programme. Through helping these businesses develop their offer for girls and gaining traction for these approaches to innovation in the international investment community we are proud to be accelerating impact on girls’ lives across the region.”

For more information please contact Aurelie Faugier, SPRING’s Communications Manager at aurelie@springaccelerator.org

About SPRING Accelerator

SPRING Accelerator is a five year programme funded by the Department for International Development UK (DFID), United States Agency for International Development (USAID), Nike Foundation and Department of Foreign Affairs and Trade Australia (DFAT).

The Accelerator was created in response to research showing that girls, when economically empowered, have a unique ability to transform lives and help end the cycle of intergenerational poverty. An estimated 250 million adolescent girls live in poverty worldwide, unable to build assets or safely raise the income needed for a more prosperous life.

SPRING identifies and supports businesses that can bring life-enhancing products and services to this huge population, providing comprehensive business model development and support to its participants. This includes human-centred design prototyping, prototype funding, investment guidance, and support from global and local mentors and corporate partners who donate in kind expertise. Our corporate partners Hogan Lovells provide legal expertise and Deutsche Bank support on business modelling.

SPRING’s mission is to enable ventures to reach 200,000 girls in nine countries with products and services that benefit them by 2019.