The second round of applications for the Third Edition of ‘Get it! – Value Path‘ is now open. The program, promoted by the Fondazione Social Venture Giordano Dell’Amore, Cariplo Factory, and Fondazione Cariplo, has been supporting entrepreneurial initiatives with high social, environmental, or cultural impact since 2018, providing capacity building tools and capital.

To date, Get it! has become a consolidated and inclusive intervention model supporting the Italian ecosystem of social innovation and impact investing. Throughout the first two editions and the ongoing third edition, it has deployed 4.5 million euros, conducted 16 ‘Call for Impact,’ received 1,356 applications, funded 108 empowerment initiatives nationwide, and invested over 1 million euros in 20 impact startups.

The first round of the Third Edition (2023/2024) concluded at the end of June with 90 applications. Get it! is now opening the second round, which will remain open until March 31, 2024.

Highlights of the Call For Impact for the Third Edition:

• The best 6 ideas or startups applying to the program will have access to a tailor-made incubation/acceleration and mentorship program lasting 3+3 months nationwide.
• They will benefit from a flat-rate reimbursement of 3,500 euros for participation expenses incurred by startups, aiming to facilitate access to incubation/acceleration and mentorship programs for all deserving initiatives facing economic difficulties.
• Participation in an annual Investor Day allowing the 2 best startups selected by Get it! to receive investments of 80,000 and 50,000 euros respectively from FSVGDA. Part of the investment may be converted into an Impact Grant, transforming a portion into a non-refundable grant upon achieving pre-agreed social impact goals. Additional bonuses from FSVGDA and Third-Party Partners (e.g., seed investment, co-investments) will also be awarded.
• Networking with investors, business angels, and professionals within the ecosystem of program-promoting partners, along with high visibility on communication channels of the Fondazione Social Venture Giordano Dell’Amore and Cariplo Factory.

“Get it! continues to be a flagship program and a fundamental piece in the integrated approach to social innovation promoted by the Fondazione Social Venture Giordano Dell’Amore, in collaboration with Cariplo Factory and Fondazione Cariplo. It fully aligns with our foundation’s commitment to providing a wide range of tools and services to support innovative social entrepreneurship, balancing the offer of skills and capital in the market and intervening at all stages of the business life cycle. Specifically, the traditional call for impact allows us to accompany startups on a growth path within the ecosystem of incubators, accelerators, mentors, investors, companies, and institutions“, says Marco Gerevini, Board Member of the Fondazione Social Venture Giordano Dell’Amore.

The deadline for applications for the Get it! Call is March 31, 2024.