Generally speaking, we receive around 30 applications per round and it takes three months to select the final cohort of up to eight social enterprises. That means that roughly only 25% of applicants will succeed.
You could assume that the social enterprises that make it onto LaunchMe are the ones with the most innovative products or the biggest growth plans, but this is not always the case. Successful applicants are those with a solid, ambitious plan, who are ready to commit, put their head down and work hard to reach scale.
This may seem obvious, but in every previous round we have received applications from participants interested in the seed funding element, but not really looking to 'accelerate' their growth. Others want what the programme has to offer but are not willing or able to commit to the intensive nature of the support. This does not mean that their businesses are not good enough or that they lack social impact, all it means is that LaunchMe is not the right programme for them, at least not right now.
So if you harbour ambitions to grow your social enterprise, generate social impact at scale and are prepared to work hard to make it happen, make sure you attend one of our roadshows, sign up to a webinar, join a live Q&A session on social media, give us a call or drop us an email. We want to make sure that the LaunchMe journey is the right one for you.
The learning curve will be steep and the hours will sometimes be long, but if you are ready to join us, you will achieve more and faster than you ever imagined.