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.

A report by the British Council found that across 12 countries, 75% of the higher education institutions surveyed were involved in social enterprise. The strong placing of the UK (third at 89%) and Canada (5th at 85%), to say nothing of their rich historical links, suggested the two countries were ripe for collaboration and cross-pollination in this emerging field. The British Council seized that opportunity with its Students for Social Impact (SSIM) program.

OUT AND ABOUT (October/16)

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.

NOTE: This article was originally published on the RECODE website and has been cross-posted with permission. Written by: Susan Grossman Director | Centre for Community Engaged Learning, The University of British Columbia

The Trico Charitable Foundation is committed to this program as we believe that by bringing some of the best and brightest examples of social entrepreneurship from around the world to Calgary will help galvanize the local the conversation, bring business opportunities to YYC and, perhaps most importantly, showcase amazing local social ventures and help them gain the insights they need to take their efforts to the next level. Here are some key insights from the 2016 edition of The World of Social Entrepreneurship.

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