Under both SIF DEBT and SIF EQUITY, financing or investment proposals will only be eligible if the projects that organizations or companies are pursuing are accredited as Social Innovation and Social Entrepreneurship Initiatives (SISEI).
A SISEI is a project aimed at directly or indirectly intervening in one or several societal problems in an innovative and effective manner to generate positive social impact. SISEI ACCREDITATION consists in the acknowledgement of the submitted project as a SISEI by the Portugal Social Innovation Mission Unit (PSIMU).
PSIMU will issue a formal accreditation in a pdf format once the information submitted in this questionnaire is satisfactorily aligned with the concept of SISEI.
A thorough response to the questionnaire is required. SISEI Accreditation is the process in which the fully alignment of the venture’s mission with the SIF investment thesis is confirmed. A SISEI Accreditation will only be issued after a clear understanding of the venture’s overall operation.
i. It is required a description of the daily operations of the project submitted. The response must provide a clear understanding of both operations and business model. The disclosure of the revenues streams is also required.
i. It must be identified the eligible region(s) to which the entity wants to implement the project under the investment/financing sought.
An SISEI can intervene directly or indirectly, or both, to solve social problems.
DIRECT INTERVENTIONS: Direct intervention projects intervene directly with the target group in a vulnerable situation.
INDIRECT INTERVENTIONS: Indirect intervention projects contribute indirectly through other organizations or projects to reduce vulnerabilities; it has the potential to cause behavior changes or to promote the change of consumption habits and use of natural resources for the benefit of present and future generations.
Examples of indirect interventions: social innovation incubators/accelerators, projects that aim to boost citizenship skills through volunteering activities oriented to social innovation interventions.
i. The aim is to identify the recipients to whom the project is addressed, as well as where they are located;
Examples of final beneficiaries: School children, unemployed adults, seniors, diabetics, disabled people
Examples of locations: North region of Portugal, city of Coimbra, city of Viseu, city of Guarda, recipients of some institution
i.The people that belong to that target group, previously identified, must share at least one specific, current or potential, vulnerability.
Examples: senior isolation; families at risk of poverty; low competence for citizenship, etc.
i. The project must have innovative features considering the standard approaches for the previously identified target group, namely the solutions managed by the public sector or the solutions backed by the public budget. The innovative feature can be a product, a service or a methodology. It can be a totally innovative solution or an innovative aspect of a solution already existent elsewhere.
i. The intervention must improve the current or future quality of life and well-being of the respective target group.
Examples: improve employability or school success, through the implementation of an innovative approach for the development of skills.
i. Which groups, organizations or behavior and consumption habits changes will the project work for and how will it work for the development of innovative solutions, through those entities. Those innovation solutions must address one or more social problems and must have the ability to improve the quality of life of certain group of people
INVESTMENT (for indicative purposes)
i. For SIF Equity purposes, it must be disclosed the total amount of intended investment, including the private coinvestment. For SIF Debt purposes, it must be disclosed the overall amount of the intended loan.
i. Please describe the breakdown of the investment/financing into broad categories and briefly explain the strategy that supports it.
KEY PERFORMANCE INDICATORS
i. For direct interventions, please identify how many people exposed to the previously identified vulnerability, the project aims to impact. For indirect interventions, please identify the number of groups or direct interventions’ organizations the project aims to foster.
i. Identify the most relevant metrics to assess the impact of our project, as well as the key goals for each metric.
No PovertyZero HungerGood Health and Well-BeingQuality EducationGender EqualityClean Water and SanitationAffordable and Clean EnergyDecent Work and Economic GrowthIndustry, Innovation and InfrastructureReduced InequalitiesSustainable Cities and CommunitiesResponsible ProductionClimate ActionLife Below WaterLife on LandPeace, Justice and Strong InstitutionsPartnerships for the Goals
To initiate the Social Innovation and Social Entrepreneurship Initiative accreditation process, you'll need to confirm that all data subjects give their explicit consent for their personal data to be transmitted to PME Investimentos and the Portugal Inovação Social Mission Unit for the purpose of analysing your application. Said data will only be processed in accordance with the GDPR for the purposes of complying with legal obligations related to the European Structural and Investment Funds, and will be retained for applicable statutory time limits.
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