Applications for the 3rd Momentum Project can now be submitted

Seven Momentum Project entrepreneurs will receive funding for their growth plans
  • Momentum Project, the social entrepreneurship initiative promoted by BBVA together with ESADE, in partnership with the PwC Foundation, will provide funding for seven projects submitted the 2nd year
  • Through the Momentum Social Investment 2012 funding vehicle, these projects will receive a ¤1.5 million loan
  • The entrepreneurship projects participating in Momentum Project 2012 that will receive funding are Atentis, Apunts, Batec, Montaraz, Teb Verd - Bolet ben fet and Txita Txirrindak, in addition to La Tavella, a participant in Momentum Project 2011 that did not receive funding that year
  • From January 21 to February 15, social entrepreneurs interested in submitting their application for the third year of Momentum Project can do so through www.momentum-project.org


Six of the entrepreneurship projects participating in Momentum Project 2012, an initiative to foster social entrepreneurship promoted by BBVA and ESADE, in partnership with PwC, will receive ¤1.5 million in funding. Atentis, Apunts, Batec, Montaraz, Teb Verd - Bolet ben fe and Txita Txirrindak, together with La Tavella, from the first year of the program, will receive funding as soft loans or capital investment through Momentum Social Investment, 2012, and investment vehicle designed by BBVA.

The Investment Committee of Momentum Social Investment 2012, a vehicle created by BBVA, met on January 10 to select the social entrepreneurship projects participating in Momentum Project 2012 that will receive funding. 

The criteria followed by the committee to select these entrepreneurship projects have been their profitability, that they do not rely on non-recurring subsidies, with not excessively aggressive business plans, and that their investment be intended for meeting their customers' latent and unmet demands, in addition to having good financial control of the company.

The Momentum Social Investment vehicle will provide funding for these entrepreneurship projects either as 8-year loans at special interest rates and with a 4-year capital grace period or as capital investment. This type of funding is focused on social return, measuring the investment's social value, although without forgetting financial return.

97 projects were submitted to the 2nd year of Momentum Project, of which 10 were selected by a Scientific Committee made up of representatives of BBVA, ESADE, PwC and other organizations.

In 2012, these entrepreneurship projects received training and strategic support to design their growth plans, prepared through a learning process and in partnership with a team of mentors from BBVA, ESADE students and experts in the sectors of activity on which the various projects are focused.

Second year of Momentum Project

Momentum Project, a pioneering initiative in Spain aimed at fostering social entrepreneurship, promoted by BBVA and ESADE in partnership with the PwC Foundation, is now in its third year. Applications from social entrepreneurs interested in taking part can be submitted from January 21 to February 15 through the website www.momentum-project.org.

In order to be able to apply, the organizations must have a minimum experience of 2 or 3 years and prove the viability and sustainability of their business model. In addition, they must generate a positive impact on solving a given social and/or environmental problem and be able to scale that impact, whether by expanding into new markets or adapting to new areas or territories, in order to benefit the largest possible number of people.

The Momentum Project 2013 selection process will include three phases. In the first stage, the applications will be received through the on-line form available on the website until February 15, and the candidates that will go on to the next phase will be shortlisted. Subsequently, more information will be requested from these entrepreneurs, which will begin an on-line social entrepreneur learning process assisted by an ESADE MBA student. The exercises completed will be used by the Momentum Project team to carry out the second filter in the selection process.

Finally, the Momentum Project Scientific Committee, formed by experts from the social, business, academic and financial sectors, will meet in late April to select the 10 social ventures that will participate in Momentum Project. The training and strategic support stages for the preparation of the growth plan will begin in June 2013. Training will be divided into three periods, two at ESADE and the third at BBVA.

In 2013, Momentum Project launches a new website. The portal will be a global platform common to all countries where the program has been implemented. An internal channel will also be presented so that the entrepreneurs participating in the project can contact each other and share their knowledge and ideas. 

Momentum Project was launched in Mexico in September 2012 and will be launched in Peru in March.


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