COVID-19 has disrupted our programmatic plans for 2020, and we’ve had to adjust our support strategy on a global scale. 

Small businesses and vulnerable populations around the world are being hit hard by COVID-19 and the measures being taken to control its spread. Although the pandemic has instigated many shifts around the world, changing both the way we work and the way our impact entrepreneurs do business, ygap continues to support local impact ventures to ensure they survive this crisis and the subsequent downturn.

In response to the emerging challenges associated with COVID-19, we developed a Resiliency Toolkit for our alumni ventures and the broader ecosystem. While this was a good first step, we knew we could be doing more. We asked ourselves how we might best support our ventures during this difficult time and what type of response would be relevant, timely, and ultimately, impactful. 

To help guide this response, we surveyed our alumni ventures to understand how COVID-19 has affected their businesses and how they’re working through these current challenges to determine where we can best play a role in supporting them. Download the survey responses report below to read more about what we learned.

Equipped with an understanding of how COVID-19 is affecting our ventures, we are in a better position to determine where and how we can best play a role in helping these ventures. Whilst these are undoubtedly difficult times, we look forward to continuing to back our ventures as they look to mitigate risk and take advantage of emerging opportunities in light of COVID-19.

With love and compassion, 

The entire ygap team