What does the Makanpreneur programme consist of?
It consists of twice a month trainings that are conducted after work hours. These include intensive coaching sessions, regular meetings with assigned mentors, and workshops on business, finance, marketing, product design and testing, and user experience. At the end of programme, teams are expected to showcase their achievements to practitioners, potential investors, and the general public.
What is the cost of participating in the programme?
We are 100% performance based. This means that you only “pay" for all the support and services received WHEN you are successful. We think this is a great deal!
In exchange for the cash and in-kind support services provided (see above), all selected startups will commit to plow back a small royalty (up to 4% of gross revenue, with a yearly cap) into the ecosystem over the next 4 years.
As such, we are all aligned and responsible for helping the Makanpreneurs succeed by driving up revenue and impact. If you do not succeed, nothing is owed to UNFRAMED (beyond anything already paid). Besides, we take neither equity nor board seats in your startup, instead, you keep 100% of both ownership and control.
In short, you don’t pay us, you “pay it forward”. The ecosystem supports you and you support it back!
What is an accelerator programme, and how is this different from an incubator?
Accelerator programs usually have a set timeframe in which individual startups spend anywhere from a few weeks to a few months working with a group of mentors to build out their business and avoid problems along the way. Companies are given a small seed investment, and access to a large mentor network. The mentor network, typically composed of startup executives and outside investors, is often the biggest value for prospective companies.
Startup incubators begin with companies that may be earlier in the process and they do not operate on a set schedule. If an accelerator is a greenhouse for young plants to get the optimal conditions to grow, an incubator matches quality seeds with the best soil for sprouting and growth.
While most accelerators and incubators support startups against a small equity stake in their company, this ensures the support organisations are well-aligned with helping the startup be successful, the goal of the accelerator is to help a startup do roughly two years of business building in just a few months.
Who conducts the training workshops, mentoring and coaching sessions?
Our team of trainers and coaches comprises a carefully selected pool of professionals with vast industry experiences, knowledge and skills in their respective fields. 100% practitioners, they all can empathised having been or being entrepreneurs themselves.
They include Jan Croeni, a serial entrepreneur, Co-founder of DEAL.com.sg (IPO-ed) and Food Runner (acquired by Food Panda), turned full-time philanthropist, Patsian Low, social impact experts and former Head of DBS Foundation, Lance Frey, founder and former-CEO of Food Runner or Tomithy Too, an angel investor and venture capitalist with ST Telemedia, previously in charge of innovation at Starhub and technology with the Impact Investment Exchange (IIX).
Other mentors include Nichol Ng, the Managing Director of FoodXervices and Co-founder of The Food Bank Singapore, and Laura Allen, Co-founder of Gone Adventurin’ and Community Farm who previously spent five years developing beloved Vietnamese brands such as Highlands Coffee and Pho24 across Asia.
What is the difference between mentoring and coaching sessions?
Teams are assessed regularly and closely guided through coaching sessions to understand, create, and achieve results and business milestones. Mentoring sessions are generally industry specific – where industry experts bring product and/or service expertise to aspiring entrepreneurs that cannot be achieved alone. Our mentoring sessions also focus on the personal development of each team.
Who is behind Makanpreneur?
UNFRAMED, founded in 2014, is an impact training academy and accelerator grooming the next generation of entrepreneurs. The organisation builds a cross-sector ecosystem that brings together like-minded changemakers to make a positive social and environmental impact in society. With great partners such as Singtel, National Youth Council (NYC), Info-communications Media Development Authority (IMDA), PricewaterhouseCoopers (PwC) and *SCAPE, UNFRAMED has since offered two bootcamps and four accelerator programmes, bringing ideas to local and regional market. The training academy has since fostered a vibrant community including over 220 impact entrepreneurs, 80 social ventures and 120 cross-sector experts.
Croeni Foundation, established in 2015, comprises a group of organisations and entities including a charitable trust in Liechtenstein, the Croeni Foundation Ltd and a donor-advised-fund managed by the California Community Foundation in Los Angeles, USA. The foundation actively supports causes that address the major challenges of the millennium: giving, environment, health and society, specifically advancing efficient and high impact philanthropy, environmental protection and biodiversity conservation, and lifelong health and wellbeing.
Makanpreneur is a programme organised with the support of amazing partners including: National Youth Council (NYC), FoodXervices, The Food Bank Singapore, Citizen Farm Penjara, Edible Garden City and GIVE.asia
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