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 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.

Stepping into the University of Calgary’s Entrepreneurship 317 class, three Haskayne Business students could not have predicted a class project would transform into a successful social venture creating change. The project tasked students Miranda Mantey, Willis Tat, and Justin Wood to address a world issue. The result was the creation of One World Blankets a social enterprise that sought to employ local weavers in India to make blankets that would be sold in North America. Proceeds would not only provide employment in India, they would be utilized for vaccinations in India.

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.

A recap of the premier international event for advancing entrepreneurial approaches and solutions to the world’s most pressing problems. Our blog includes "Potpourri of Insights" and "Three Key Pillars (The Skoll Awards, Al Gore Keynote, Discussion on The Future of Social Impact and Entrepreneurship Education)".

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