How many sponsors are anticipated?
Mayflower will implement 20 separate programmes which may comprise up to 100 projects. There room for a wide range of cross sector partners. At this stage we have invited 70 major companies to learn and possibly join. We expect a practical number will be approximately 20-30 companies since more will make governance difficult.
What are the requirements for sponsors?
The requirements from Mayflower sponsors are principally twofold. Firstly, a 5 year commitment of corporate resources; and secondly, a broad based willingness to partner.
What amount of sponsorship is required per company?
Mayflower sponsorship can start at $100,000 per annum for each of 5 years. Programmes have been budgeted at $100,000 to $1m per annum. A sponsor may choose to sponsor multiple programmes.
Is the full 5 commitment required at the outset?
No, only the first years commitment with a letter of guarantee for the remaining 4 years. Each future years commitment will be required 4 months prior to the next year.
What can sponsors expect from Mayflower?
Mayflower sponsors can expect from their participation in the Mayflower foundation firstly, a wide range of business benefits; secondly, professional management of the foundation; thirdly, knowledge sharing; and fourth and most importantly a transformation in Lagos that would otherwise have been impossible.
What do we need to do to Join Mayflower?
Initially be briefed to learn more first hand, then arrange a half day workshop with NEW ERA Partners, the managers of the Mayflower Foundation. From this point onwards the range of options within Mayflower will be matched to your companies objectives.