Although the Social Economy and Cooperatives have a long history in Euskadi and in the world, there is little visibility of the model and its potential among the population in general and, especially, among youth. All of this creates difficulties in attracting young talent and ensuring generational change. The lack of integrated training processes for entrepreneurship in the Social Economy in university environments is also appreciated. For this reason, Mondragon Team Academy has created SocialFactory, a program co-financed by the European Social Fund, which is already incubating three Social Economy companies, through the LEINN degree from Mondragon Unibertsitatea.

From the perspective of the Mondragon Unibertsitatea Business School and the community of young people who undertake as a team Mondragon Team Academy (MTA), the group has more barriers to entrepreneurship, such as lack of knowledge, experience or resources. However, they are committed to change and only need guidance in the first phases of the business, a learning community, being guided in the search for viable ideas, greater knowledge of social problems, interest groups and market logic. 

Thus, the Mondragon Team Academy (MTA) network is committed to promoting the Social Economy in its community. In these 15 years of experience, in the MTA community more than 200 Junior Company Associations have been created as a learning tool, almost 2,500 LEINNers have been trained, more than 70 companies have been established, of which 25 (35%) belong to the Social Economy and 400 direct jobs have been created in them. The idea is to further scale the impact to reach 600 people with the aim of creating 50 purpose-driven and Social Economy companies.

The purpose of this project is to create a comprehensive entrepreneurial itinerary aimed at capturing talent and ideas in the early stages, which provide solutions to real needs and challenges of the territory, from the university, but also creating links with other groups, such as unemployed people. or in search of professional requalification.

SocialFactory's actions include training, incubating, accompanying and mentoring businesses that want to be part of the Social Economy, in addition to disseminating and generating alliances to ensure the sustainability of new companies.