YSEC's Social Finance Chain

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

How It Works ©

$1000 from YSEC $1000 to youth driven social enterprise, selected on March 25 th from a pitch competition As an interest free loan… © Money you gave us through MeetUPs, Workshops, and Roundtables ©

That social organization implements a program that a) has social impact, and b) makes the $1,000 back + profit © ©

They keep the profit © ©

And then, they choose 2 other youth driven social enterprises And give these two organizations $500 each, as an interest free loan. $500 $500 © ©

So that both organizations receive $1,000 each, as an interest free loan. $500 $500 YSEC invests a further $500 to each of these organizations $500 $500 © ©

Those two organizations each create a program that makes $1,000 + profit © ©

They keep the profit © ©

They then choose 1 youth driven social enterprise, and each invest $1,000 in the organization © ©

For a total of $2,000, as an interest free loan © ©

So what does this look like? © ©

$1,000 $1,000 $500 $500 $500 $500 $2,000 $1,000 $1,000 $500 $500 $3,000 © YSEC throws $1,000 into the pot Project A gets that $1,000 Two new projects, B and C get $500 from Project A, and another $500 each from YSEC One new project, Project D gets all $2,000 from Project B and C Project D gives $1,000 each to two new projects, Project E and F. YSEC gives each project another $500 each. One new project, Project G gets all $3,000 from Project E and F A B C D E F G ©

The Details ©

Eligibility
17-29 years old
Be able to make back the $1,000 in four months
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)
© ©

Application Deadline
February 17 th , 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 25 th . © ©

On March 25 th , 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.
© ©

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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YSEC's Social Finance Chain

by Young Social Entrepreneurs of Canada on Jan 31, 2010

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YSEC’s Social Finance Chain — Presentation Transcript