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.

Created by the Trico Charitable Foundation in 2011, the biennial Social EnterPrize celebrate and advance leadership and excellence in social entrepreneurship in Canada. Social enterprises are organizations, for-profit or not-for-profit, that blend the social and the entrepreneurial by using business models/markets to solve social problems.

Drawing on years of working with social entrepreneurs, conversations from across the globe, and lessons from case studies of its Social EnterPrize recipients, a new report from the Trico Foundation, "Building on Getting Beyond Better" (BonGBB) , calls for a rethinking of how we see the intricate yet inescapable interaction between the social and the entrepreneurial that is “social entrepreneurship”.

Held at the MaRs Centre for Impact Investing Incubator, the 9th annual Social Finance Forum (SFF) event in November 2016 brought together Canadian social entrepreneurs, social finance professionals, and impact investors to discuss best practices of business and community building. Through discussions around key insights and highlights with several individuals who attended the event, it is clear the SFF stimulated two crucial themes: networking and unifying social enterprise knowledge across Canada.

A team of social entrepreneurs are striving to create an alternative protein source out of cricket flour with their venture Gryllies.

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