Pilot YSEC Social Finance Chain

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YSEC Social Finance Chain : Canada’s First for Youth, by Youth Social Entrepreneurship Fund

How It Works
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$1000 from YSEC
$1000 to youth driven social enterprise, selected on March 25th from a pitch competition
As an interest free loan…
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That social organization implements a program that a) has social impact, andb) makes the $1,000 back + profit
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They keep the profit
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And then, they choose 2 other youth driven social enterprises
$500
$500
And give these two organizations $500 each, as an interest free loan.
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YSEC invests a further $500 to each of these organizations
$500
$500
$500
$500
So that both organizations receive $1,000 each, as an interest free loan.
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Those two organizations each create a program that makes $1,000 + profit
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They keep the profit
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They then choose 1 youth driven social enterprise, and each invest $1,000 in the organization
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For a total of $2,000, as an interest free loan
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So what does this look like?
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$1,000
YSEC throws $1,000 into the pot
$1,000
Project A gets that $1,000
A
$500
$500
Two new projects, B and C get $500 from Project A, and another $500 each from YSEC
B
C
$500
$500
$2,000
One new project, Project D gets all $1,000 from Project B and C
D
Project D gives $1,000 each to two new projects, Project E and F. YSEC gives each project another $500 each.
$1,000
$1,000
E
F
$500
$500
$3,000
One new project, Project G gets all $3,000 from Project E and F
G
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The Details
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Eligibility
17-29 years old
Have a revenue generating idea for social impact
Be a YSEC Member
(Memberships are cheap and entitle you to free stuff!)
Fill out an application form!!
(Don’t worry, you can apply to this fund multiple times)
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Application Deadline
February 17th, 2010.
E-mail completed applications to info@ysec.org
Five successful applicants will be invited via e-mail by March 1 to participate in YSEC’s Pitch Competition on March 25th.
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On March 25th, 2010 YSEC will announce the first winner of the YSEC Accordion. The winner will be given a cheque for $1,000 to start their social enterprise idea.
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The winner gets:
$1,000 as a loan to launch their idea
Free marketing! Through YSEC’s network
To make history as the first recipient of YSEC’s Social Finance Chain
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Pilot YSEC Social Finance Chain

by Social Asset Measurements on Mar 19, 2010

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Pilot YSEC Social Finance Chain — Presentation Transcript

http://socialfinance.ca	20
http://www.socialfinance.ca	7