One Million Dollar Skoll Awards Provide Mezzanine Funding For Social Entrepreneurs : Ecopreneurist

One Million Dollar Skoll Awards Provide Mezzanine Funding For Social Entrepreneurs

Written by mcmilker

Published on June 21st, 2008

Need to finance your growing business? Throughout the year, the Skoll Foundation accepts applications from social entrepreneurs in business at least 3 years.

The Skoll Awards provide later-stage, or mezzanine, funding, which is generally structured as a $1 million award paid out over three years, subject to payment limitations described below under Budget Guidance. In most cases, the grant is provided for core support to help organizations expand their programs and capacity to deliver long-term, sustainable equilibrium change.

In these times of tight credit, worthy ideas have just as tough a time securing financing as those with, perhaps more mundane ideas. Fortunately the interest in sustainable and socially responsible businesses is growing. The Skoll Foundation is just one of several organizations offering this opportunity.

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The Skoll Awards for Social Entrepreneurship support social entrepreneurs whose work has the potential for large-scale influence on critical challenges of our time: environmental sustainability, health, tolerance and human rights, institutional responsibility, economic and social equity, and peace and security.

Social Entrepreneurs have until August 5^th to apply for the next award. The application process generally takes at least 6 months. The next award will be presented at the Skoll World Forum in March in Oxford, England.