Business

Call for projects with a social and societal impact

The Ministry of Labour, Employment and the Social and Solidarity Economy launches the second call for projects with a social and societal impact in collaboration with Nyuko ASBL.

The "Impuls 2020" programme includes:

  • an acceleration phase from the presentation of the idea to the drawing up of a "simplified business plan" specially adapted to businesses active in the social and solidarity economy;
  • a new tailor-made guidance phase to support future social entrepreneurs in starting up their company approved as a societal impact company (société à impact sociétal - SIS);
  • mentoring by established social entrepreneurs.

It is reminded that the societal impact company (SIS) is a legal form of business reserved for businesses active in the social and solidarity economy. It is meant for:

  • existing organisations, constituted as a non-profit organisation (ASBL), a foundation or a cooperative;
  • project leaders who wish to launch socially innovative activities.

The SIS has many advantages such as:

  • better legal protection;
  • an appropriate fiscal framework;
  • access to public contracts, etc.

The company is nevertheless bound to strict obligations in terms of transparency and governance.

Are you interested in the programme? You have an entrepreneurial spirit, wish to develop your project with a social impact in Luxembourg and want to create your SIS? You can sign up here until 13 November 2020.

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