Take Survey
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Corporate Engagement, Good Business, Social Enterprise

J.P. Morgan to Help Drive Social Enterprise in NSW


Wednesday, 22nd October 2014 at 9:13 am
Lina Caneva, Editor
Global financial services firm J.P. Morgan and national social enterprise development organisation Social Traders have announced a new partnership to accelerate the social enterprise sector in NSW, supporting social enterprise ideas that address youth unemployment.

Wednesday, 22nd October 2014
at 9:13 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
J.P. Morgan to Help Drive Social Enterprise in NSW
Wednesday, 22nd October 2014 at 9:13 am

Global financial services firm J.P. Morgan and national social enterprise development organisation Social Traders have announced a new partnership to accelerate the social enterprise sector in NSW, supporting social enterprise ideas that address youth unemployment.

Under the program, social enterprises and startups across NSW are invited to participate in youthCANwork, a competition to identify and develop investment-ready ideas for addressing youth unemployment.

The four highest potential enterprises will be selected to participate in Social Traders’ successful start-up incubator program, The Crunch, which is being run in NSW for the first time.

J.P. Morgan employees will also contribute their expertise as mentors for the participating social enterprises.

“There is a strong need for specialist capacity building support for investment-ready start-up and early stage social enterprises in NSW. We are proud to begin addressing this need through our partnership with Social Traders,” Rob Priestley, Chief Executive Officer, J.P. Morgan ASEAN region and Australia and New Zealand, said.

“The focus of our partnership will be on cultivating capability in start-up social enterprises, specifically focused on addressing youth unemployment in NSW. Youth unemployment has been growing in Australia since the start of the global financial crisis. Among 15 to 24 year olds unemployment is 13.2 per cent, more than twice the national average, so this program is addressing a critical social issue.”

David Brookes, managing director of Social Traders, said J.P. Morgan’s commitment to supporting social enterprises in NSW was a great advancement for the sector in Australia.

“Social Traders has a strong track record for supporting social enterprises in Victoria and we are excited to build a pipeline of investment ready social enterprises in NSW through this partnership.

“J.P. Morgan and Social Traders will convene a youthCANwork competition in November 2014 to bring together social entrepreneurs, business, government, philanthropists and social investors to develop solutions to create employment for young people through social enterprise.

“Through youthCANwork and The Crunch 2015 we will begin to build a strong pipeline of investment-ready social enterprises in NSW, while also tackling head-on a big social issue: youth unemployment,” he said.

 To find out more about the youthCANwork competition or The Crunch 2015 in NSW visit www.socialtraders.com.au/youthcanwork


Lina Caneva  |  Editor  |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Philanthropic Scholarship to Boost Indigenous University Students

Maggie Coggan

Tuesday, 11th December 2018 at 5:48 pm

Tasmania Secures Long-Term Funding Certainty For NDIS

Luke Michael

Tuesday, 11th December 2018 at 5:24 pm

NFP Sector Faces Growing Fundraiser Shortage

Luke Michael

Tuesday, 11th December 2018 at 4:52 pm

How to ‘Up’ Your End of Year Fundraising Campaign

Nicholas Soraghan

Tuesday, 11th December 2018 at 11:00 am

POPULAR

Australians With Disability Twice as Likely to be Evicted Without Cause

Luke Michael

Wednesday, 5th December 2018 at 5:29 pm

Tech-for-good Companies Merge to Extend Impact

Maggie Coggan

Thursday, 29th November 2018 at 8:34 am

NDIS Service Providers Cautious Over Complex Needs Pricing Shake-Up

Maggie Coggan

Monday, 10th December 2018 at 5:11 pm

Putting Disability and Leadership in the Same Sentence

Maggie Coggan

Monday, 3rd December 2018 at 8:56 am

Nominate
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!