New Social Business Incubator Launched in London
Merism Capital, the social impact seed fund, has signed a 3 year partnership with The Hub, to jointly develop Hub Venture Labs based at the new Hub Westminster on Pall Mall. The launch programme of Hub Venture Labs will be Village Capital London, a 12 week incubator programme with two peer-selected £50,000 investments for the two most promising social start ups.
Hub Venture Labs will provide a year round schedule of programmes aimed at nurturing a new breed of successful social start ups to increase their chances of running successful social businesses. As well as structured programmes covering everything from pitching to investing and scaling, there will be regular drop in mentoring sessions and monthly keynote Q&A’s covering key topics such as marketing, law and HR.
Stephen Rockman, founder of Merism Capital, said;
“We’re trying to level the playing field, social entrepreneurs need strong commercial skills if they’re to be successful and Hub Venture Labs provides them with the first dedicated space in the UK for them to acquire these. The Hub’s involvement ensures that they will be able to utilise a space that is designed to give them the facilities to develop all important relationships with investor and mentors as well as to actively build new and vital peer networks.”
Alice Fung and Indy Johar, co-founders of the new Hub in London, said:
“In partnership with Merism we aim to build a fertile ecosystem for social ventures – a place for investment, a place for start ups and a place for learning; locally grown and globally connected. A place to take ideas to action and impact.”
Stephen Rockman added:
“I’m really excited about this partnership; the Hub’s expertise and vision will help to build a destination incubator for social entrepreneurs and impact investors that I know is very much needed. It will allow us to create a world class blend of the best entrepreneurs, mentors, funders, and impact investors.”
Programmes will range from four week to twelve week courses open to general applications. Hub Venture Labs will also run customised programmes that target the requirements of individual funders and specific social impacts.