Eight Billion Lives Fellowship: The journey continues

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Corporate Responsibility News

29 April 2016

Eight Billion Lives Fellowship: The journey continues

At the Eight Billion Lives Fellowship, co-sponsored by Munich Re and Impact Hub Munich, the 'incubation phase' has now begun, with four young enterprises bringing to market maturity their business concepts based on the common good. Support with this is being provided by Munich Re.

Since December 2015, eight social entrepreneur teams at Impact Hub Munich worked intensively on their business models, during the so called Cohort-phase. They all use their working space at Impact Hub Munich regularly, where they benefit from a creative and competent environment. On 7 April 2016, an independent jury selected the four start-ups with the best prospects for success. In the next nine months, these will go through the so-called 'incubation phase', explained Joscha Lautner, the General Manager of Impact Hub Munich: "We are giving the start-ups a home in our co-working space, entrepreneurial tools and access to our worldwide community of over 11,000 members."

As one of the Fellowship's cooperation partners, Munich Re will be offering the start-ups intensive support by the end of this year: each team will be provided with a Munich Re employee as a mentor to support the newly appointed Fellows of Impact Hub Munich – both professionally and at the personal level. "Munich Re does more than provide the start-ups with financial support", explained Thomas Bischof, Head of Group development of Munich Re. "We share our expertise with the teams and give them access to an entrepreneurial infrastructure with tried and tested business models and clients, thus preparing the start-ups for their business activity in the best possible way."

The teams promoted

The Eight Billion Lives Fellowship promotes social start-ups at which cost-effectiveness and sustainability are inextricably linked. The aim of the programme is to find ways to make the world better and more resilient for the future. Its focus is on urbanisation, food production and consumption, and the opportunities offered by digitalization.
"Seeds of Hope" trains women in India in the cultivation and marketing of vegetables, thereby enabling them to support themselves and live independently. The programme also promotes the transfer of knowledge between individual participants.
"Hawa Dawa" provides a handy device which determines the CO2 content of the air, rates its level of pollution and displays it to the user. The data from all devices are combined in a map.
Based on the idea of the sharing economy, "Useley" is a Web platform for loaning electronic equipment and domestic appliances. Their aim: reducing electronic waste.
"Querfeld" also counters wasteful consumption. The company markets "wonky" or misshapen locally-produced organic fruit and vegetables which, because of their non-standard size or appearance, are not sold in supermarkets and would otherwise be destroyed.

Have you become curious?
Do you want to know more about the social start-up ecosystem? The next possibility will be provided by the next meet-up event on the subject of "Refugees Empowered", which will take place on 17 May 2016 at Impact Hub Munich. Further information can be found on the website of Impact Hub Munich: http://munich.impacthub.net/

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