Firm partners with Non-profit Incubator to help social entrepreneurs in China scale up their businesses
As partner to Non-Profit Incubator (NPI), a non-governmental organization in China that supports social entrepreneurs, J.P. Morgan is helping these and other social enterprises (SEs) – businesses created to further social purposes – through a new program that will address social issues and boost employment in the country – the Kunpeng Social Enterprise Accelerator Program.
Through the program, leaders from more than two dozen SEs will attend workshops, training sessions and networking events to help them develop and carry out their growth plans. The selected SEs are primarily from Shanghai, Beijing, Shenzhen, Chengdu and neighboring cities, and have mature business models in place. Their plans cover sectors including education, healthcare, employment, environmental protection and services for the disabled.
The 27 SEs were selected from 80 applicants. They will receive business training and access to capital. Upon program completion, the SEs will present their growth plans to a group of interested investors, foundations, potential customers and partners, as an opportunity to pitch and obtain their needed capital.