Educational Empowerment for Migrants/Refugees
The Opportunity Fund seeks to bridge the gap between immigrants' skill sets and Germany's workforce demands. Despite their abilities, immigrants often face obstacles in accessing public funds for professional growth causing delays in employment. Our initiative aims at preventing these capacity losses that can cause a decrease in motivation and confidence among these individuals.
Our mission is to give an opportunity to those who are willing to work for it but are neglected by the system. Our vision is a Germany where all refugees can thrive and help future-proof our country
Our customers are refugees & migrants eager to integrate into the labour market but lacking financial access for up-skilling programs.
Your startup can solve the issue of unemployment among immigrants, bridge the gap in the skilled labor market, and tackle access to finances for professional development programs.
many refugees are skilled yet unemployed due to funding barriers in accessing education. Only 6% of refugees requesting public education funds are granted these - For 94% the system doesn’t work
Through income share agreements, students can take quality courses, receive job support and only repay when they earn a livable wage. Reinvested funds aid future students.
AI for personalized learning programs, blockchain for credit tracking, digital platforms for remote education and job matching.
We fund refugee education in certified bootcamps, with repayment from income once employed. Profit is reinvested to maximize impact.
With acquired skills, they secure jobs and gain residency in Germany after long wait periods. They integrate into society, contributing back to the community.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
Entrepreneurial founder leading strategy, product development, finance, operations, fundraising, sales & marketing.
Acquire a tech expert for product development, a marketing guru for brand awareness and customer acquisition. Consider hiring legal advisor to ensure regulatory compliance.
Other Income share agreement (ISA) providers like Chancen eG
We deliver unparalleled value through our socially-conscious product, by merging increased accessibility with significantly competitive pricing.
We make money through the repayments of our customers. once they earn a living wage, they pay 8,5% of their monthly salary over 48 months or until they’ve paid back the investment amount + 30%.
Secured crucial partnerships for operational efficiency and target audience reach. Developed a high-growth financial model to amplify the impact of our opportunity fund.
Our financial model ensures enduring funds, promoting sustainability. We seek fresh investments triennially to boost our fund's growth and societal impact.
Metrics include total students funded, course finalization percentages, post-graduation job placement rates. Also consider initial salary figures and loan repayment statistics along with student default numbers & increase seen over time in these metrics.
With a €1M investment, we can amplify it to €5M via partnership with AMIF. This provides the financial backing for educating 1000 refugees across four years while ensuring an IRR of 22%. By collaborating with EIF, we protect ourselves against default risks by 80% on one-fourth of our portfolio.
Our company incorporated in
Berlin, Germany
Some main risks include potential defaults on income share agreement repayments, challenges in achieving sustainable employment placements for graduates, changes in immigration policies or public funding that could impact your business model, and difficulty in gaining trust from the target audience.
$
10000
We raised investments
ProjectTogether initiates, 0%. Founders Luke Posegga and Rhett Büttrich own 30% each. Deutsche Bildung & Quotanda hold 20% & 10%. SYA owns 10%.
$
1000000
Currently, we are raising investments
$
1000000
Estimated pre-investment valuation of the company
As Germany's pioneer social ISA provider, we harness the Grameen Bank's award-winning Microfinance model. We champion sustainable impact through endlessly reinvesting our social business funds.