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.

Held at the MaRs Centre for Impact Investing Incubator, the 8th annual Social Finance Forum (SFF) event in November 2015 brought together Canadians to discuss best practices of business and community building. Through discussions around key insights and takeaways with several individuals who attended the event, it is clear the SFF stimulated some crucial themes: collaborating in new ways, networking, and navigating support.

The Trico Charitable Foundation is inviting Canadian post-secondary institutions to apply to undertake case studies on its Social EnterPrize recipients. In total, five social enterprises will be studied: three Vancouver-based organizations: The Cleaning Solution, Mission Possible, & Potluck Cafe; one Hawkesbury, Ontario-based organization: Groupe Convex Prescott-Russell; and one Calgary-based organization: Women In Need Society [WINS].

What we need is a formula that recognizes the core elements of social entrepreneurship, moves us past the mentality of the simple ‘add on’, and celebrates the exponential power of social entrepreneurship when the core elements are truly blended into a mutual and synergistic whole.

Where to Begin offers a deep dive into models of post-secondary social innovation and/or social entrepreneurship hubs across North America. Commissioned by the Mount Royal University (MRU), Scaled Purpose conducted a wide scan of programs and their offerings across campuses in Canada and the United States, and then dove deeper into interviews with eight campuses to get at the heart of why certain programs have worked, and what we can learn from failures.

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