Banpu Champions for Change (BC4C)

Banpu Champions for Change A social enterprise incubation program started in 2011 as one of the CSR projects of Banpu Public Co., Ltd. with the aim to promote the development of sustainable businesses by entrepreneurs in Thailand. The 9-month program targets those who have preliminary insights of their customers and beneficiaries and have already started testing their ideas. The program provides them with workshop training, coaching as well as funding up to THB 330k to help transform their ideas into viable social businesses. On average 10 social enterprises had been incubated annually, which came from a wide range of impact areas such as agriculture, community development, education, healthcare, etc.

Impact Value Chain

Arrows mean “leads to” · bars show progress towards the target

Five dimensions of impact →

Social entrepreneurs Direct beneficiary

Stakeholders

ActivityWhat we do

OutputWhat the activities deliver

OutcomeChange for the stakeholders

ImpactLong-term goals · across all groups

Incubation program 1) Workshop training (3 workshops covering topics such as defining business and impact model, market testing, market communication, social impact measurement) 2) Pitching sessions for selecting champions for grants 3) Grants 4) Mentorship by either alumni/external experts

Increase in capability in becoming social entrepreneurs Increase in knowledge and skills No baseline or target yet

Able to generate income รายได้ที่เกิดจากมอบทุนหรือการสนับสนุนจากองค์กรในช่วงระยะเวลาการรายงาน () / Revenue generated by enterprises financed or supported by the organization during the reporting period. (IRIS+) Baht · No baseline or target yet

Able to generate impact งานที่สร้างให้กับผู้มีรายได้น้อยโดยกิจการที่ได้รับสินเชื่อจากโครงการ (NIA) / Jobs created for low-income earners by projects financed by enterprises. (IRIS) No baseline or target yet

Able to start operating as business entity (registered company) จำนวนธุรกิจใหม่ที่สร้างขึ้นจากการลงทุนขององค์กรในช่วงเวลาที่รายงาน () / Number of new businesses created as a result of investments made by the organization during the reporting period. (IRIS+) - · from 0 → target 3

Sustainability in business Survival of business for at least 3 years No baseline or target yet

Financial sustainability Positive net profit for 2 consecutive years No baseline or target yet

Able to generate impact sustainably งานที่สร้างให้กับผู้มีรายได้น้อยโดยกิจการที่ได้รับสินเชื่อจากโครงการ (NIA) / Jobs created for low-income earners by projects financed by enterprises. (IRIS) No baseline or target yet

Sustainability in business Survival of business for at least 3 years No baseline or target yet

SDG 8 · Decent Work and Economic Growth To support the growth of social entrepreneurs and empower them to grow their impact sustainably 8.3

About the project

Problem

Solution

Image of Banpu Champions for Change (BC4C)

Budget: 5,000,000.00 Baht

Impact Goals

SDG 8 · Decent Work and Economic Growth

To support the growth of social entrepreneurs and empower them to grow their impact sustainably

8.3 Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

Stakeholder

Social entrepreneurs

Direct beneficiary Importance: High

Description

10 teams of social entrepreneurs that will be selected into the incubation program. Social entrepreneurs selected into the program are in an early stage of business, with preliminary solutions to social and/or environmental problems and prototypes but still require additional knowledge and coaching in order to set up and grow their social enterprises.

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