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An explanation of how Young Social Entrepreneurs of Canada's Social Finance Chain (SFC) works. YSEC's SFC is the first for youth, by youth social entrepreneurship fund in Canada. The first …

An explanation of how Young Social Entrepreneurs of Canada's Social Finance Chain (SFC) works. YSEC's SFC is the first for youth, by youth social entrepreneurship fund in Canada. The first recipients of the fund will be determined at a pitch competition on March 25, 2010. See http://www.ysec.org/pitch-competition/ for more details.

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  • 1. YSEC Social Finance Chain : Canada’s First for Youth, by Youth Social Entrepreneurship Fund ©
  • 2. How It Works ©
  • 3. $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 ©
  • 4. That social organization implements a program that a) has social impact, and b) makes the $1,000 back + profit © ©
  • 5. They keep the profit © ©
  • 6. And then, they choose 2 other youth driven social enterprises And give these two organizations $500 each, as an interest free loan. $500 $500 © ©
  • 7. 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 © ©
  • 8. Those two organizations each create a program that makes $1,000 + profit © ©
  • 9. They keep the profit © ©
  • 10. They then choose 1 youth driven social enterprise, and each invest $1,000 in the organization © ©
  • 11. For a total of $2,000, as an interest free loan © ©
  • 12. So what does this look like? © ©
  • 13. $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 ©
  • 14. The Details ©
  • 15. 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)
    © ©
  • 16. 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 . © ©
  • 17.
    • 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.
    © ©
  • 18.
    • 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
    © ©