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.

On Mentorship

This experience taught, and continues to teach, me lessons on both boundaries and mentorship. All relationships need clear and healthy boundaries; although, these can be hard to clearly see. As noted in “Mentorship Starts With a Coffee,” very rarely does mentorship start out with a formalized proposal. For me, most of the important mentors in my life have emerged from a search for answers.

We are excited to announce that the The WINS case study is the first of its kind to have three local post-secondary institutions collaborate on a case study! It's a testament to Calgary's growth as a social enterprise hub and the cooperative spirit of that hub that a) three local post-secondary institutions wanted to do a case study on social enterprise and b) they were happy to work together. The WINS case study demonstrates a social enterprise committed to working with women and their families facing a range of challenges – financial, in the process of leaving shelters, outfitting a home, adapting to a new city or country, or single parents caring for their children. WINS' balance of delivery of a quality product and service along with profits for re-investment in business operations confirm that it is a deserving recipient of the Social EnterPrize.

An entrepreneur is always learning, going through ups and downs while trying to navigate new approaches to attain success. The recipe for innovation and running your own venture involves four key ingredients: ideas, leadership, a great team, and planning.

The End of Summer

Now, at 24, I’m in the process of becoming a social entrepreneur. To me, that means learning to use business as a force for good to tackle some of the more complicated problems I see around me.

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