Launchpad - Simon Tucker

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What is Launchpad? How can you incubate new ideas and help turn them into successful social ventures?

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Launchpad - Simon Tucker

  1. 1. Launchpad Simon Tucker, Young Foundation SIX Summer School Donostia-San Sebastian, 29 July 2008
  2. 2. <ul><li>An incubator turning ideas into new social ventures </li></ul>Early stage Intensive Push and pull factors <ul><li>Supporting social entrepreneurs and proactively creating new ventures </li></ul><ul><li>Backing social businesses, social enterprises, non‐profits or public institutions </li></ul><ul><li>Environment shaping with policy makers </li></ul><ul><li>Training and partnering with public sector managers and commissioners </li></ul><ul><li>Contributing to publications on social innovation </li></ul><ul><li>Providing f unding, social capital and entrepreneurial expertise </li></ul><ul><li>Acting as interim entrepreneurs or co-founders </li></ul>The Launchpad model
  3. 3. <ul><li>55 year legacy of Michael Young </li></ul><ul><li>3 years developing individual projects </li></ul><ul><li>1 year operating funds </li></ul>History
  4. 4. <ul><li>16 ventures in portfolio </li></ul><ul><li>15 team members </li></ul><ul><li>€ 5m total funds </li></ul><ul><li>Leveraging third party funding: €3m(confirmed); €10-15m (expected) </li></ul><ul><li>Subject of 5 year, €325k, evaluation </li></ul>Current overview
  5. 5. Source: xxx Arrival Asylum Justice Enternships Kidsof.com School of Everything Social Health Network Active Community Living Faking It Living Life to the Full Studio Schools Teach Next Teach Too Asylum Justice SI Camp Active Community Living Kidsof.com Living Life to the Full Social Health Network Arrival Enternships Faking It School of Everything Studio Schools Teach Next Arrival Asylum Justice Studio Schools Enternships Living Life to the Full School of Everything Active Community Living Faking It Kidsof.com Social Health Network Teach Too SI Camp Active Community Living Faking It Asylum Justice Studio Schools Teach Next Teach Too Arrival Enternships Kidsof.com School of Everything SI Camp Living Life to the Full SI Camp Teach Too Social Health Network Concept Proof of concept Pilot Social business Social Enterprise Charity/ public body Not yet known Teach Next Healthy Incentives PlanMyCare PlanMyCare Healthy Incentives Healthy Incentives PlanMyCare PlanMyCare Healthy Incentives Launchpad portfolio
  6. 6. <ul><li>Research </li></ul><ul><li>Scouting </li></ul><ul><li>Reacting to social entrepreneurs </li></ul><ul><li>‘ Social Entrepreneur in Residence’ </li></ul>Understanding needs & opportunities Finding and generating ideas <ul><li>Ideation </li></ul><ul><li>Scouting </li></ul><ul><li>Calls for ideas around themes </li></ul><ul><li>Applications through website </li></ul><ul><li>Joint venturing </li></ul>Our approach: pre-investment
  7. 7. <ul><li>Structured screening overseen by investment committee </li></ul><ul><li>2 stages of support </li></ul><ul><ul><li>Stage 1: ~ €20-40k seed </li></ul></ul><ul><ul><li>Stage 2: ~ €100-130k pilot </li></ul></ul><ul><li>Variety of financial instruments </li></ul><ul><li>Co-founder, first investor status </li></ul>Support <ul><li>Entrepreneurial coaching (or interim entrepreurs) </li></ul><ul><li>Brokering additional funding </li></ul><ul><li>Networking, partnering, policy </li></ul><ul><li>Business planning </li></ul><ul><li>Technical advice (legal, branding) </li></ul>Investment Our approach: investment and support

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