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.

In a historic collaboration, seven regional non-profit organizations have come together to launch Enterprising Non-Profits Canada / enp-Canada. In the past, local enp sites have offered business planning and technical assistance to non-profit organizations wishing to develop, launch and grow social enterprises. enp-Canada will now provide a platform for synthesizing those efforts, collecting insights and promoting further partnerships in the advancement of social enterprise in Canada. Social enterprises are businesses operated by non-profit organizations for the blended purpose of creating social value and generating income from sales.

The first day I started Trico Charitable Foundation I looked around the office and thought, where's the phone? Two short weeks later, on Valentine's Day, the Foundation officially kicked off its commitment to advance social entrepreneurship. The strategy for our first year included support for non-profit social enterprises through the launch of Enterprising Non-Profits Alberta (enp Alberta) and the Social EnterPrize, support for for-profit social business through a partnership with the Canadian Youth Business Foundation, and the production of the Enterprising Spirit conference....and finding a phone. Today is Valentine's Day, and it's amazing to me that the Foundation is already heading into its third year.

Trico Charitable Foundation is receiving over $1.5 million in federal government funding for its Enterprising Non-Profits Canada project. This project will test the ability of not-for-profit organizations to leverage non-federal government funding to address social challenges. Trico Charitable Foundation will support the development of the social enterprise sector by coordinating and pooling ideas and resources across the country.

Ninety per cent of the profits from the coffee sales go to a Dominican Republic Scholarship Fund. This unique fund encourages children to remain in school and supports technical farmer training to enhance both coffee quality and farm revenue.

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