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.

Fogo Island Inn and Furniture Bank are the 2017 recipients of the Social EnterPrize, a $100,000 award celebrating excellence in Canadian social entrepreneurship. The awards will be formally presented during EconoUs2017 on the evening of September 14th, 2017. Tickets now available!

Specifically hand-picked for their expertise, leadership, and knowledge of social entrepreneurship, the selection of the 2017 jury members was a strategic part of Trico Charitable Foundation's plan to take the Social EnterPrize - and its work in building capacity in social entrepreneurship - to the next level . We are also thrilled the jury members represented Canada coast to coast, all the way from Fredericton, New Brunswick to Vancouver, British Columbia, while also drawing heavily from our home city, Calgary. We are grateful to our jury for choosing the two amazing and deserving organizations to be celebrated at EconoUs2017 on September 14th, 2017.

As we begin to think through the possibilities and ramifications, we become intentional in how we respond to and solve problems. It is by way of this understanding that we move through the murky waters of uncertainty, towards consistent methods of risk management and brand development.

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