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.

Over the month of August, 20 Mount Royal students from 15 unique programs on campus took part in the inaugural Social Entrepreneurship Sprint (MRU Sprint) hosted by the Institute for Innovation and Entrepreneurship. The five teams ended the five-week Sprint with interesting social enterprise ideas that can be launched through the Institute’s LaunchPad program. A few of the students were ambitious enough to enter into a second Sprint, the Student Entrepreneur Sprint with Platform Calgary (Platform Sprint), in September. We had a chance to chat with three of the students, Leah Pottinger, Shargeel Hayat, and Avery McLellan on their social entrepreneurship journey with the two Sprints.

Looking to the future, Redefin’d is excited to start their new journey: “This funding has allowed us to take inventory of the learnings of the last few years and clearly define what it means to become a radically regenerative community. Our vision for the future is to open a live-in community on a rural farm that will transform the lives of 1,000 people by 2030.”

Centre for Sexuality’s goal is to build their Training Centre into a sustainable business that generates a significant amount of revenue. Looking to the future, they have a vision to provide training and consulting services to customers throughout North America focused on diversity, inclusion, and equity in workplaces.

The IRP funds Leftovers received are being used to start a cafe featuring redirected rescued food, upcycled food products, and sustainably sourced coffee. The café will also use a pay-what-you-want pricing model to increase dignified access to nutritional food.

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