Set-2-Save-Plan-and-Initiatives-Mission-Vision

Set-2-Save-Plan-and-Initiatives-Mission-Vision

1. Set 2 Save Plan & Initiatives
Updated 3/17/2024

2. 1. Foundation Structure and Governance:
Legal Entity:
The Set 2 Save Foundation has been established as a registered non-profit organization in Canada,
with legal recognition pending in Colombia.
Board of Directors:
A diverse and experienced Board of Directors has been formed, comprising individuals with
expertise in entrepreneurship, social impact, environmental sustainability, and community
development in Latin America.
Advisory Board:
An advisory board is in the process of being established, with invitations extended to experts in
microfinance, education, and social impact measurement.
Bylaws and Policies:
Comprehensive bylaws and policies have been developed, outlining the foundation's governance
structure, decision-making processes, financial management, and program implementation
guidelines. These documents have been reviewed by legal counsel and approved by the Board of
Directors.
2. Comprehensive Strategic Plan:
Mission and Vision Alignment:
The foundation's mission and vision are fully aligned with Set2Close's overarching goals and values,
emphasizing the creation of socially responsible job opportunities through sustainable business
practices.
Goals and Objectives:
Primary Goal: Create 100,000 socially responsible job opportunities in emerging economies by
2035.
Key Objectives:
Launch and scale entrepreneurship training and incubation programs in at least five countries by
2030.
Facilitate intrapreneurship programs in partnership with at least 10 multinational corporations by
2028.
Invest in 50 high-impact, socially responsible businesses by 2032. Implement community
development initiatives that directly benefit 100,000 individuals in underserved communities by
2035.
Target Beneficiaries:
The foundation will initially focus on Colombia, with plans to expand to other Latin American
countries in subsequent years.
Target beneficiaries include underprivileged youth, women, and indigenous communities.
Program Areas:
Set 2 Save Academy:
A flagship entrepreneurship training program with a structured curriculum, mentorship, and access
to seed funding.
Intrapreneurship Catalyst:
A platform for facilitating intrapreneurship programs within corporations, with a focus on social
and environmental impact.
Impact Investment Fund:
A dedicated fund to invest in early-stage, socially responsible businesses with high growth
potential.
Community Empowerment Grants:
Small grants to support community-led initiatives that address local needs and promote
sustainable development.
Resource Allocation:
A detailed budget has been developed, outlining the financial resources required for program
implementation, staffing, marketing, and operational expenses.
Timeline:
A five-year strategic plan has been finalized, with key milestones and deliverables identified for
each year. The first Set 2 Save Academy is scheduled to launch in Colombia in 2025.
3. Impactful Programs (In Development):
Set 2 Save Academy:
The curriculum is under development, incorporating modules on business planning, financial
management, marketing, and social impact measurement. Partnerships are being explored with
local universities and vocational schools in Colombia to provide training facilities and resources.
Intrapreneurship Catalyst:
Initial discussions have been initiated with several multinational corporations with operations in
Latin America. A framework for intrapreneurship program development and implementation is
being designed.
Impact Investment Fund:
Due diligence is being conducted on potential investment opportunities in Colombia. Impact
measurement criteria and reporting mechanisms are being developed in collaboration with experts
in the field.
Community Empowerment Grants:
A grant application process is being designed, with a focus on supporting projects that align with
the foundation's mission and demonstrate community ownership and sustainability.
4. Funding and Resources (In Progress):
Philanthropic Donations:
A fundraising strategy is being developed, targeting high-net-worth individuals, family
foundations, and corporate foundations with a demonstrated interest in social entrepreneurship
and Latin American development.
Corporate Partnerships:
Strategic partnerships are being explored with companies in sectors such as technology, finance,
and consumer goods, with a focus on those committed to corporate social responsibility and
sustainability.
Government Grants:
Research is underway to identify relevant government funding programs in Canada and Colombia
that support the foundation's objectives. Social Impact Bonds: The feasibility of utilizing social
impact bonds is being evaluated, with initial discussions held with potential investors and outcome
payers.
5. Monitor, Evaluate, and Communicate Impact (Ongoing):
Impact Measurement:
A comprehensive impact measurement framework is under development, incorporating
quantitative and qualitative indicators to track job creation, social impact, environmental impact,
and community development outcomes.
Evaluation and Learning:
Regular program evaluations will be conducted by external experts to assess effectiveness and
identify areas for improvement. Lessons learned will be incorporated into future program design
and implementation.
Communication and Transparency:
A communication strategy is being developed, encompassing a website, social media channels,
annual reports, and targeted media outreach. The goal is to share stories of impact, build
awareness, and attract support for the foundation's work.