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.

There may be no more valued praise than that which comes from an employee. When interviewed about his work experience with an award-winning Calgary social enterprise, Michael Jamieson highlights his manager as a key player in making the experience a positive one.

Though his words are few, the message is clear. When asked what energizes him most about his work at a Calgary social enterprise, the Vecova Bottle Depot, Shawn Sproule says it’s the people that he works with.

Are you interested in learning more about social enterprise? Do you have an idea for a new social enterprise that you’d like to develop? Do you want to explore how it could help you achieve your mission and what it would take to launch?

For all its momentum, the social revolution of the 21st century – as in social finance, entrepreneurship and innovation (on my more disillusioned days, it’s the ‘soc drawer’) – is at a critical tipping point. Simply put, we need to move beyond theory to the practical ‘how to’. It’s amazing how many thought leaders in this space are coming to this conclusion.

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