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.

This 2013 Social EnterPrize recipient is a brilliant example of how perseverance, planning, and maintaining quality can turn a grant based charity into a self-sustaining social enterprise. We had a chance to catch up with Founder and CEO, Marcia Nozick on the most recent updates on ESS.

“This program represents a ‘summer of opportunity and social impact’, for the student and the Trico Foundation”, said Overall. “The student will be able to move their venture forward while generating additional income and plugging into our support services, network activities and events; and we get another bird’s eye view on what is needed to take promising social enterprises to the next level. It’s a real win-win.”

Happy New Year! The start of 2019 gives us the opportunity to reflect and learn from 2018. The past twelve months brought the Trico Charitable Foundation amazing insights such as crossing the chasm; the 6 key mindsets of social entrepreneurship; the release of 9 A.S.E.S.S. blogs; social entrepreneurs', summer students', and Social EnterPrize recipients' journeys and learnings; and the grand opening of the Trico Changemakers Studio.

WINS was operating five thrift stores, a donation centre, a free good referral program and four family resource centres. As the cost of doing business is constantly rising in Alberta, WINS had to adapt and, as Karen says, “think differently”

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