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.

Trico Foundation and Futurpreneur have collaborated in the creation of Debt Financing for Non-Profit Social Enterprises: Workbook for Boards and Senior Staff. This workbook is intended to be a resource to help non-profit directors and managers become more aware of the resources they may need to be ready for debt financing and how to use them.

While attending to his full-time graduate studies in policy studies focusing on immigration, settlement, and the diaspora at Ryerson University, Peter Haastrup dedicates much of his time working with the Kenya Village Project. With this project, Peter has worked for the last three years to bring a better and more sustainable means of cooking to the villagers.

Zoya Jiwa is hoping to make a statement in the fashion and social impact worlds by creating an online platform where people with health conditions can creatively come together. At the young age of 14, Zoya was diagnosed with Lupus, an autoimmune disease that can create inflammation in an individual’s organs. She also lives with fibromyalgia, a condition characterized by intense pain in muscles and soft tissues.

A duo of extremely ambitious and determined entrepreneurs are looking to make a buzz in entomophagy (human consumption of insects as food). Jorge Hoyos and Chris Blachut have been working on their social venture Heilu for almost a year. The venture seeks challenging conventional food industry, which can be wasteful and unsustainable by providing daring, environmentally friendly, and healthy food products.

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