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 Studio doesn’t just seek to bring different groups together in its work, its very existence was the result of  a diverse coming together of government (federal and the province of Alberta), a post-secondary institution (MRU), a private company (Trico Homes) and a Foundation (Trico Charitable Foundation).

This conversation isn’t a conversation of terminology. It is a recognition that if the students who leave our institutions are to be partners in solving wicked problems, they need learning experiences designed to showcase how knowledge is contextual and ever-evolving.  Our community working to transform social impact education need not all work in the same way. Instead, as our international community of educators and institutions shapes itself, the guiding light of learning rather than knowing gives us room to play while upholding our current best understanding of the nature of learning and knowledge.

OUT AND ABOUT (September/17)

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.

On the evening of September 14th, 2017, 350 delegates and community leaders from across Canada gathered at the EconoUs conference where Trico Foundation was honoured to formally present our 2017 Social EnterPrize awards. Our evening panel conversation covered a wide array of topics, including: when to seize opportunities to diversify, scaling, leadership transitions, measuring success, and more!

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