The mission of the Foundation
The Degroof Petercam Foundation, which specialises in social innovation for employment, chooses to select and support one project per year on which it focuses its efforts and funding. Therefore, Bayes Impact will receive one million euros spread out over five years to allocated to the expansion. This project was chosen for its potential to become a real partner of the Degroof Petercam Foundation: they share the same vision of a fairer and more inclusive society, they demonstrate exceptional entrepreneurial qualities and an ability to innovate.
The selection process of the Degroof Petercam Foundation lasts ten months and begins with a phase of nominations by philanthropy professionals. The nominated organisations then go through an automated selection process, resulting in 30 candidates whose files are analysed by three people from the Foundation and ten selected projects visited in the field. This 'due diligence' ends with a pre-selection of six finalists presented to an external jury who chooses the winner and two additional laureates. Lisa Hehenberger, Director of the Esade Entrepreneurship Institute in Barcelona and an expert in social entrepreneurship at the European Commission and the OECD, chaired this year's panel.