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.

To mix metaphors, seeing successful social enterprises as coral reefs may be the tip of the iceberg in a new understanding of how social enterprises grow and affect social change, and how we can help them do so. These themes will be explored more fully at our EconoUs2017 event Doing Business Differently: An evening of celebration and insight on September 14, 2017.

Recipient of the Social EnterPrize in 2011, Groupe Convex is featured in the latest edition of our case study series, our effort to more effectively tell the stories of amazing Canadian social enterprises. Written by the Ontario Institute for Students in Education, University of Toronto, the case study demonstrates a social enterprise committed to generating meaningful jobs in an increasingly diverse number of ways. It also highlights the possible challenges of relying too much on a particular government policy and the difficult choices that come when one income stream does better than another.

On September 13-15, 2017, EconoUs2017 will convene up to 350 delegates and community leaders from across Canada and abroad for three days of learning, connecting, and celebrating the heart and soul of local economies. Trico Charitable Foundation is honoured to partner with EconoUs to bring the Social EnterPrize back home to Calgary and host a panel celebrating doing business differently on Thursday September 14th, 2017.

Working together, the JW McConnell Family Foundation’s RECODE project, the Skoll Centre For Entrepreneurship, and the Trico Foundation posed the question, “Could Canada be the first country to band together, and select two teams to participate in Skoll’s Global Challenge?”

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