SocialFare

SocialFare, established in 2013 in Torino, Italy, holds the distinction of being the nation's first Centre for Social Innovation. Its core mission revolves around fostering and scaling social impact ventures that address pressing societal challenges, aligning with the United Nations Sustainable Development Goals. The organization operates as a pivotal ecosystem builder, providing not only capital but also strategic guidance, mentorship, and access to a robust network for early-stage startups committed to generating measurable social and environmental returns alongside financial viability.

A cornerstone of SocialFare's investment strategy is its flagship acceleration program, "Impact Deal," developed in collaboration with CDP Venture Capital SGR. This program is specifically designed to identify, nurture, and scale high-potential social enterprises. Through Impact Deal, selected startups typically receive an initial seed investment of approximately €100,000, which translates to around $108,000 based on recent exchange rates. This initial capital is complemented by an intensive acceleration path focused on refining business models, market validation, and impact measurement.

Beyond the initial funding, SocialFare, through its partnerships and programs, facilitates significant follow-on investment opportunities. Companies demonstrating strong progress and impact potential can access further funding, potentially reaching up to €1 million (approximately $1,080,000) in subsequent rounds. Since its inception, SocialFare has played a crucial role in supporting over 100 social impact startups, helping them navigate the complexities of the market while amplifying their positive societal contributions. Their focus extends across various sectors, including healthcare, education, sustainable living, and community development, all through the lens of innovation and scalability.

SocialFare's unique positioning as a hybrid entity—part accelerator, part venture builder, and part impact investor—makes it a critical player in the European social innovation landscape. By bridging the gap between social needs and market solutions, they empower entrepreneurs to build sustainable businesses that drive systemic change, reinforcing Italy's commitment to a more inclusive and sustainable economy.