Wentworth MP Dave Sharma has officially announced Federal Government funding for Social Impact Hub's Scaling Impact, a new accelerator program for social start-ups focused on supporting their impact investment readiness. With matched funding provided by the Sidney Myer Fund together with support from Ernst & Young and the English Family Foundation, Scaling Impact focuses on addressing the needs of social start-ups at a crucial point in their development – the inflexion point between building on a proven track record and preparing to take on impact investment.

Social entrepreneurs are emerging as unparalleled catalysts for social and environmental change around the world. Identifying market failures and using market-driven strategies to tackle them, social entrepreneurs tailor responses and implement solutions for local and global challenges including providing clean water, opportunities for financial inclusion, high quality educational resources, access to renewable energy, reducing waste and helping disadvantaged Australians secure employment.