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.

There are a growing number of events connected to social entrepreneurship. Many of them happen in our home city, demonstrating what an incredible hub of activity Calgary is. The Trico Foundation team is pleased to attend many of them and wish we could attend more.

This journey update involves 2013 Social EnterPrize recipient JUMP Math, and our chat with Scott McMeekin, CEO of JUMP Math. JUMP Math’s mission is to help improve life outcomes for the students it reaches. To do so, it has developed an approach that builds math achievement, while promoting the social and emotional skills that are critical to academic and life success.  JUMP Math provides teacher and student resources for Kindergarten to grade 8, and supporting teacher professional development.  Although JUMP Math design criteria focus on the needs of students at risk of failure, its resources are used by some of Canada’s most elite private schools, highlighting the fact that all students benefit from excellent pedagogy.  Resources are also available for parents to use with their children.

On May 4th, 2019, 15 schools gathered in Toronto for the third Canadian edition of Map the System, organized by the Institute for Community Prosperity, in partnership with the McConnell Foundation’s RECODE Initiative, the Trico Charitable Foundation and the Skoll Centre. Congratulations goes out to MRU, SFU, and U of T for advancing to the Global Final hosted at Oxford University! Originally, the plan was to send two teams, but ultimately three teams were deemed worthy by the judges so the three teams get to go to the Oxford finals again!

There are a growing number of events connected to social entrepreneurship. Many of them happen in our home city, demonstrating what an incredible hub of activity Calgary is. The Trico Foundation team is pleased to attend many of them and wish we could attend more.

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