SE’nSE project call (Foundation for Future Generations).

Details

• URL: https://www.futuregenerations.be/nl/actions/lancer/sense
• Type of support: subordinated loan (seed capital)
• Maximum amount: €50,000
• Extras: network, media visibility, feedback from the jury

What is SE’nSE?

SE’nSE is a project call by the Foundation for Future Generations (Fondation Générations Futures) that supports start-ups with a positive environmental impact at a key moment: the start-up phase.

The initiative is supported by the SE’nSE fund (founded in 2016), with the aim of encouraging entrepreneurship that contributes to a more sustainable world.

Who is it for?

According to the source, SE’nSE targets:

• Start-ups with a positive environmental impact
• In an early development stage

What support do you receive?

• Seed capital via a subordinated loan of up to €50,000
• Access to a network of impact-focused organizations and individuals
• Media visibility
• Constructive feedback from an expert jury (to refine your project)

How does a subordinated loan work? (brief explanation)

A subordinated loan is a form of credit where the lender is repaid last (high risk). Banks often view this as quasi-equity, which can help you obtain additional financing.

Advantage vs. equity: non-dilutive (no impact on shares/voting rights), but usually more expensive than a traditional loan.

Interest logic (according to the source)

• First 18 months interest-free
• Then 18 months: 5% annual interest
• Afterwards: 10% annual interest per year

Selection process (steps)

1. Launch of the call + receipt of applications
2. Preselection based on the written files
3. Pitch to an independent jury (the pitch takes place in English)
   Each year the jury selects 2 to 5 laureates.
4. Future Generations Summit: laureates are highlighted

Why does this exist?

SE’nSE aims to create a leverage effect in a phase between:

• the 3F’s (friends, family and fools) and
• more substantial funding sources,

so that start-ups can more quickly convince other investors.

Related

• Funding & Grants: subsidies and other financing instruments