Applications for Social Entrepreneurship competition open until 1 March
The Our Future foundation is inviting social entrepreneurs to take part in a competition to win interest free loans of between 2 and 40 million rubles, with the possibility of delayed repayment.
According to the organisers of the Social Entrepreneur contest, applications are accepted all year round and the winners are announced twice a year: in summer and autumn. If a potential participant submits an application later than March 1st, it will automatically be transferred to the next intake.
“Last year we approved loans of almost 100 million rubles for the first time. Our help actively allows social entrepreneurs to change reality for the better, and many innovative projects in the field of education, health, ecology and culture are emerging throughout the country. This year, I hope that we will again support those who are working to make our world a better place,” commented Natalya Zvereva, the director of Our Future.
The competition is open to entrepreneurs that are implementing projects able to improve society and solve pressing social problems. The entrepreneurs supported by the foundation revive old industry, provide jobs for the disabled and the elderly, open kindergartens and medical centres, and recycle waste. Over the 11 years of the foundation’s existence, 234 projects from 56 regions of Russia have been supported for a total of 601.3 million rubles.
More detailed information is published on the official website of the competition.
Our Future is a foundation for regional social programmes and is one of the first organisations that began to develop social entrepreneurship in Russia. The foundation was founded in 2007 on the initiative of major businessman Vagit Alekperov. He provides comprehensive support to social business in everything from finance to consulting.