Nonprofit Enterprise & Self Sustainability Team
995 Market Street
Nicole Etchart, Lee Davis, Loic Comolli, Lee Davis, Roxana Damaschin-Tecu, Kerry Dudman, Nicole Etchart, Gonzalo San Martin, Eva Varga
Frank Van Beuningen, Ernest Boles, Richard Surrey, Katherine Downs, Julian Garel-Jones, Nancy Muirhead, Joseph Schull, Tulio Vera, Nicole Etchart, Lee Davis, Loic Comolli, Lee Davis, Roxana Damaschin-Tecu, Kerry Dudman, Nicole Etchart, Gonzalo San Martin, Eva Varga
NESsT develops sustainable social enterprises that solve critical social problems in emerging market economies.
We provide a combination of financial capital, training and mentoring, and access to markets and networks, to enable our portfolio to plan for, start up, or expand social enterprises. We recognize that every social enterprise is different. Our portfolio process and support is designed to respond to the unique needs of each social enterprise through the various stages of development.
We provide support for social enterprises in the planning, incubation, and expansion phases. Each phase builds upon the former, and each has specific goals and indicators to determine a social enterprise's eligibility to progress to the next: Planning Phase: social enterprises plan for and develop their business idea.
NESsT provides support (typically over 9-12 months) to build the organizational capacity of our portfolio to assess their readiness for social enterprise; and to identify social enterprise ideas that are aligned with their capacity, social and financial goals.
We provide the tools, templates, training and mentoring (and occasionally "venture planning grants") to our portfolio to complete a rigorous feasibility study process to test the viability of a social enterprise idea; and a business planning process to define a practical strategy for implementing a social enterprise.
Our goal is to help our portfolio to prepare for and mitigate potential risks in starting up a social enterprise, to develop core financial and management skills, and to become "investment ready" and to attract additional donor and investor support to enable them to start up their social enterprise.
Incubation Phase: social enterprises implement their business plans.
NESsT provides long-term support (typically over 2-4 years) in the form of both financial capital and training and mentoring to our portfolio to build their capacity to start-up and manage a social enterprise. Our financial support is typically provided in multiple installments of venture grants and/or loans for start-up or working capital, tied to specific benchmarks in the business plan. Our portfolio team is highly-engaged with each social enterprise, providing on-going training and mentoring on business management, systems and strategy. Our Business Advisory Network (BAN) also provides hundreds of hours of professional volunteer support to our portfolio.
We work closely with our portfolio to develop a set of metrics and indicators to measure their financial and social impact, and work with each to implement our Performance Management Tool to monitor and capture these data.
Our goal is to help our portfolio to overcome the typical challenges of starting up a social enterprise; to development the management capacity and systems to better manage their enterprise; to ensure each is achieving their financial and social goals; and to identify and prepare the most promising social enterprises for expansion.
Expansion Phase: social enterprises scale to increase social impact.
NESsT provides on-going, higher levels of support to those social enterprises in our portfolio that demonstrate the capacity and potential to expand to achieve larger-scale social impact.
We offer long-term (typically over 5 years) financial and capacity-building support to enable social enterprises to grow, replicate, or otherwise scale their activities. We provide higher levels of financial support in the form of venture grants, loans and, occasionally, equity investments, or a combination thereof. Our portfolio team and BAN continue to closely support each social enterprise to develop an expansion strategy, to manage growth, to monitor performance, and to attract additional investment needed to scale.