1)Project name: Innovate99 Star Award
2)Investment target
Equity investment - award 1 social enterprise with RMB 1 million investment.
3)Investment principles
Promote impact investment in China to achieve scalable social impact until reaching 99% of those in needs.
4)Investment process
Winners will receive the first round of at least RMB 100,000 investment after the award ceremony. The rest of the investment, RMB 900,000, will be awarded based on achieving mutually agreed milestones.
5)Exit option
IPO, shares buy back, or merger & acquisition.
6) Focus area
No specific focus areas
7)Selection criteria
a) Strong execution with long-term strategic focus
b) Has the potential to become a success model for social enterprise
c) Create scalable social impact in terms of jobs and wealth creation
d) Create innovative products and services to develop the entire sector or industry
Together with the winners, Innovate99 will continue the journey of creating salable social impact for China through impact investment.
8) in-depth communication and resources matching
The list of applicants entering the phase of in-depth communication and resources matching will be announced in late December 2014 and investors will provide in-depth communication with different duration and consulting services to their applicants from January to February 2015.
The mentoring team of Innovate99 Impact Investment Consulting will provide the consulting service to its selected applicants within two months after the Fair for Social Investment.
9)Advantage and successful investment cases
Lang Lang Dyslexic School in Beijing
www.123langlang.com
As one of the first formal social investment success case in China, Lang Lang opened the door for impact investors from Asia. A group of impact investors from Asia, including Hong Kong, investment USD 700,000 to help build the first dyslexic school in China.
Golden Sun Home Care Elderly Services
Golden Sun is the largest home care elderly services company in Fuzhou city providing service to more than 100,000 members. Pioneering a unique social business model to combine NGO and commercial service, Golden Sun received a RMB 5 million seed funding under the guidance of Innovate99 in 2013. Started from Fuzhou City, Golden Sun has extended services to 3 more cities and plan pining to increase membership to 200,000 by the end of 2014.