FAQ: What’s the Definition of Social Entrepreneurship?

This is a blog series dedicated to the frequently asked questions we get during the Ask Me Anything About Social Enterprise (AMAASE) sessions. One frequently asked question we get asked is “what is the definition of social enterprise?”

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Prizes of $270,000 celebrate all stages of social enterprises across Canada

At its core, social entrepreneurship uses business models/ markets to solve social problems. Regardless of whether it’s an individual or an organization, regardless of their choice of incorporation- non-profit or for-profit, these elements are the driving and amplifying force.

We support social entrepreneurship.

We are a private foundation that believes in supporting social entrepreneurship through programmatic, grant making, and partnership approaches. We take a systems view to every decision we make and foster social entrepreneurship by supporting the ecosystem and providing social entrepreneurs with capacity building resources.

We are entrepreneurial.

We believe in making social entrepreneurship mainstream. We know we can’t do it alone. Which is why we don’t just fund organizations; we work with them and learn with them to move the sector forward, taking risks along the way.

The Trico Charitable Foundation is pleased to announce the launch of the NU Student Social Entrepreneurship Awards. These awards will be given to student social entrepreneurs in 2021 and are meant to celebrate the best and brightest student social entrepreneurs in Alberta. The NU Awards joins a number of Trico Charitable Foundation initiatives, such as What’s Next YYC and the Social EnterPrize, in advancing Alberta as a leader in social entrepreneurship.

For the 2021 edition of the Social EnterPrize, one recipient will: -Receive $100,000 prize money; -Be featured in a video profile; -Be featured at an award ceremony scheduled for the evening of November 18, 2021 (if the ceremony is in-person travel & accommodation will be provided); -Be featured in an in-depth profile in a case-study undertaken by a Canadian post-secondary institution; and -Help advance Canada’s social entrepreneurship movement.

coRISE is a social enterprise in Calgary that upcycles excess food to create nutritious snacks, and then contributes proceeds from that venture  to support mental health programs through pet companionship.

Canada’s first Indigenous arts hotel, Skwachàys Lodge (pronounced skwatch-eyes) is another shining example of Canada’s leadership in coming up with ingenious ways business ventures can be blended with a social mission. Located in Vancouver, Skwachàys Lodge is a unique social enterprise created by a social housing organization, Vancouver Native Housing Society (VNHS).

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