MIGRANT BUSINESS ACCELERATOR

The Migrant Business Accelerator (MBA) programme is the pilot project of This Foreigner Can, a social enterprise whose mission is to improve the lives of migrants by helping them to start a business.

Many migrants who live in the UK possess skills that are being under-utilised. By taking part in the programme, they will be able to use these skills in their own business.

Why should you apply?

 

The Migrant Business Accelerator is a 16-week programme that will provide migrants with the management knowledge required to start and run a business. It will allow you to meet potential clients, create business partnerships and be introduced to investors. We will provide you the environment to develop your business idea, continuous guidance to help you succeed and develop strategies so you can achieve your business goals very quickly.

You will have access to mentors who are experts in their field that will provide you with advice on any business queries you might have.

In addition to access to knowledgeable mentors, you will receive £4,000 in funding to help you start your business. You will trade 7% equity in exchange for being a part of the programme.

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To take part in the MBA you must be an migrant

When to apply?

15 June 2015 – 20 September 2015

How much does it cost?

7% equity

How the selection process works ?

You must apply online and complete the form with your details and the details of your business or your business idea. Your application will be reviewed and evaluated by business consultants.

25 semi finalists will be invited to pitch to the social investors who are funding the programme.

The investors will score your pitch and the top 10 businesses with the highest points will be invited to take part in the programme.

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What do you get?

  • Mentoring from successful entrepreneurs
  • Networking with potential clients
  • Attend workshops in marketing, finance and operations
  • Peer-support to share your ideas with other fellow migrants
  • Funding: £4,000 for you to start your business
  • Introduction to investors

The Migrant Business Accelerator runs for 16 weeks from September to December 2015 and you must attend workshops on Tuesdays and Thursdays from 6pm to 930pm where you will learn subjects as: finance, sales, operations, product development, as well as gaining the skills to present, pitch and negotiate. Participants will also work in groups and pairs for business development.

WHEN?

29 September 2015 – 18 December 2015

WHERE?

Central London

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