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.

Lucky Iron Fish (LIF) is a great example of how a social enterprise scaled up (no pun intended) and pivoted their business strategy as they became what seemed like an overnight success.

Recipient of the Social EnterPrize in 2011, the Potluck Café Society 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 RADIUS of the Beedie School of Business, Simon Fraser University, the study demonstrates a social enterprise committed to extensive and ongoing evolution – from pivots in its models, to changes in leadership, to impact that ranges from serving sandwiches to systemic food security. “Tell me a fact and I’ll learn. Tell me a truth and I’ll believe. But tell me a story and it will live in my heart forever” Native American Proverb

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 March 25th at 3:30pm - 7:00pm, join us at the Hotel Arts in Calgary for the first ever Canadian edition of the Global Challenge competition, where teams from Canadian post-secondary institutions will compete for two spots at the Global Challenge final in Oxford, England and other prizes.

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