Somo is an incubator that works with impact entrepreneurs from low-income urban communities. We provide them with the training, mentorship, capital and market access they need to succeed. Our program includes: A rigorous 12-week Entrepreneurship Bootcamp; Long-term advisory relationships with local and remote business leaders; Early-stage grants; Later-stage growth capital in the form of loans; Market access assistance; Networking and growth partnership opportunities. Our entrepreneurs come from underserved areas and are building businesses that bring positive change to their communities. We measure our success not only by the number of entrepreneurs we train and graduate, but also ... read more Somo is an incubator that works with impact entrepreneurs from low-income urban communities. We provide them with the training, mentorship, capital and market access they need to succeed. Our program includes: A rigorous 12-week Entrepreneurship Bootcamp; Long-term advisory relationships with local and remote business leaders; Early-stage grants; Later-stage growth capital in the form of loans; Market access assistance; Networking and growth partnership opportunities. Our entrepreneurs come from underserved areas and are building businesses that bring positive change to their communities. We measure our success not only by the number of entrepreneurs we train and graduate, but also by the economic and social impact of their businesses in their communities. Our program focuses on market-based solutions driven by local entrepreneurs to solve high-impact, local problems with self-sustaining businesses. The businesses cover a wide range of sectors from renewable briquettes, to computer programming courses, to African dolls made from recycled materials.
Each of GlobalGiving’s nonprofit partners is required to send quarterly donor reports detailing the impact of their work. Here are some of their recent updates:
