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 Charitable Foundation has made a three-year commitment totaling $15,000, to help Calgary’s social enterprises while spotlighting the talents and resources of Mount Royal University. Each year for the next three years the foundation will hire one Mount Royal student to provide services to a variety of social enterprises in Calgary. The student will be selected in consultation with Mount Royal and will have skills identified as needed by a number of social enterprises in Calgary.

New Market Funds Society (NMFS) is a new foundation-sponsored registered charity established to develop impact investment opportunities for foundations and other investors and to provide strong community based non-profits and blended value businesses with access to investment capital. This is an exceptional opportunity to be part of a new impact investment management firm.

Lysol Wipes

Our first stop was our Community Center. We asked, "what is needed?" Lysol wipes. Also, food for volunteers on New Street. Load baby in car, head to store. Done. That was within the realm of how we could help right then.

Enterprising Non-Profits Alberta (enp-AB) and Capital One Canada announced the expansion of an innovative program for Alberta youth and non-profits servicing youth. The Capital One Youth Entrepreneurship Fund will be available starting June 2013 and will provide grants to support the development of revenue-generating enterprises across Alberta, to enhance their programs or services, or as a way to stabilize and diversify a charity’s funding base.

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