NESsT is actively seeking social enterprises and nonprofit organizations to join its portfolio in Brazil. The application period closed on March 31, 2018.
NESsT Empowers Open Window
NESsT is actively seeking social enterprises and nonprofit organizations to join its portfolio in Brazil in 2018 as part of the NESsT Empowers program. Social enterprises should provide training and help at-risk youth overcome barriers to work and place them in long-term employment in the hospitality industry and related sectors, including lodging (i.e. hotels, hostels, bed-and-breakfasts, resorts), food and beverage (i.e. restaurants, cafes, caterers, food processing, retail and distribution) and travel and tourism services (i.e. airlines, trains, cruise lines, tour operators, sustainable tourism).
NESsT will offer each selected social enterprise with an initial $25,000-50,000 in financial investment. Our team will also provide one-one-one business consulting and leverage our partner network for industry-specific expertise and engaged mentorship -- to help you scale up job creation and guide your business towards financial sustainability.
Applications will be accepted beginning February 1, 2018 and will be reviewed on an ongoing basis.
The NESsT Empowers program and open window in Brazil is supported by the Conrad N. Hilton Foundation.
Who Should Apply?
Social enterprises must meet the following requirements to apply for the NESsT Empowers program:
Be based in Brazil
Use market‐based solutions to improve access to jobs for at-risk youth by providing them with demand-led job training and/or placement opportunities in the hospitality industry or other related high-growth sectors
Have a proven track record in training and placing at-risk youth to work within the hospitality industry in the following sectors: lodging (i.e. hotels, hostels, bed-and-breakfasts, resorts), food and beverage (i.e. restaurants, cafes, caterers, food processing, retail and distribution) and travel and tourism services (i.e. airlines, trains, cruise lines, tour operators, sustainable tourism); enterprises that have trained and prepared youth in other industries and can demonstrate a capacity to do the same in the hospitality industry are also eligible to apply
Have interest in improving an already established curriculum to train youth for the hospitality industry OR have interest in expanding an existing youth training and placement model to the hospitality industry
Operate at the validate stage (i.e. sales exist but do not sustain the enterprise) or the prepare-to-scale stage (i.e. sales sustain initial operations but not growth)
Demonstrate a willingness to be active and engaged through the months of the selection process
NESsT Empowers Open Window Timeline
Applications will be accepted from February 1 through March 31, 2018. NESsT will review applications on an ongoing basis.
The NESsT portfolio team will conduct interviews and site visits with selected applicants. Our team will also prepare an investment memo to present selected companies to the NESsT investment committee.
The NESsT portfolio team will announce the final selected enterprises approved by our investment committee.
The NESsT portfolio team will finalize contracts with the selected enterprises and begin ongoing investment planning and mentoring.
Timeline is subject to change.
Let our portfolio team know about your social enterprise by completing our portfolio application form. The form will take you a few hours to complete, but you can save it and resume at a later time.
Our portfolio team will score your application against key criteria and may follow up with additional questions.
2. Interviews & Site Visits
Our portfolio team will schedule interviews and/or site visits to your business. During these meetings, we will be looking to develop a deeper understanding of your social enterprise and your growth prospects.
3. Due Diligence
Our portfolio team will complete a due diligence process on your social enterprise. This process includes a deep dive into your company’s financials, legal and governance structure, leadership team development, growth opportunities and investment needs. Your portfolio manager will then present your business to the NESsT investment committee, which will make the final decision on whether your business will enter our portfolio.
4. Welcome Letter
If your social enterprise is approved for investment, you will receive a welcome letter inviting you to join the NESsT portfolio. We will also introduce you to the NESsT performance management tool and schedule regular check-ins with your portfolio manager to ensure you get tailored support, mentoring and training to help your business grow.
Contact the NESsT Brazil portfolio team at firstname.lastname@example.org.