National Directorate for Social Innovation (DNIS)

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How does the program work?

The objective of the National Directorate for Social Innovation is to promote the social innovation in the entrepreneurial ecosystem to foster the development of triple impact companies (social, environmental and economic), to promote sustainability and to include triple impact values in the traditional companies (SMEs and large companies).

In addition, the goal is to support the development of entrepreneurship and productive networks of the social economy, generating systemic changes that lead to new ways of a sustainable and inclusive economy, focused on local development and economic integration.

Considering the importance that financial issues has on the creation and growth of social companies, the National Directorate for Social Innovation gives financial assistance through “Seed Fund” (as described on the Entrepreneurs' Law SNAP entry).

To access support, pre-selected social incubators evaluate whether applicants meet the requirements and approve the financial assistance.

Eligibility

Startup: newly emerged entrepreneurial and productive venture which challenge is to search for a respectable and scalable business model.

Scaleup: development-stage business that is looking to grow in terms of market access, revenues, and number of employees, adding value by identifying and realizing win-win opportunities for collaboration with established companies. As with any capital-intensive company, the financing goal for a scaleup is to reward its investors, either by being acquired via an M&A or via an IPO.

What impact has been measured?
  • 100 social impact incubators registered
  • 3100 social entrepreneurs assisted
  • 80 social impact incubators trained
  • 21 social impact incubators technically assisted
  • 100 social impact projects financed 6 inclusive value chains developed
  • 137 social/environmental entrepreneurs financed by Seed Fund

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