INDEV308 Class 10 - The Enabling Environment for Social Entrepreneurship
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INDEV308 Class 10 - The Enabling Environment for Social Entrepreneurship

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Theory: What are the various constituent parts of an “ecosystem” required for social entrepreneurship to flourish? ...

Theory: What are the various constituent parts of an “ecosystem” required for social entrepreneurship to flourish?

Practice: What is the range and nature of activity related to social entrepreneurship across Canada and the world?

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INDEV308 Class 10 - The Enabling Environment for Social Entrepreneurship INDEV308 Class 10 - The Enabling Environment for Social Entrepreneurship Presentation Transcript

  • INDEV308: Introduction to Social Entrepreneurship Class 10: The Enabling Environment for Social Entrepreneurship Monday, July 11, 2011Instructors:Norm Tasevski (norm@socialentrepreneurship.ca)Karim Harji (karim@socialentrepreneurship.ca) 1
  • © Norm Tasevski & Karim Harji 2
  • © Norm Tasevski & Karim HarjiAgenda• Unreasonable Institute• What did we learn – last week?• Preparing for your Pitches• The international enabling environment for SE• The Canadian enabling environment for SE• Review of the course• Next week 3
  • Your Investment Pitches… 4
  • © Norm Tasevski & Karim HarjiPitch guidelines• Due Dates – Angel Pitch: Midnight on Saturday, July 23• Format – PowerPoint deck – 1 page Précis• Time Allotment – 12 min presentation (strict) – will give you 5 and 2 minute warnings – 8 min Q&A• Grading – To be done by Norm/Karim – Judges will inform us, but not assign your grades• Feedback from Judges – Norm/Karim will email our/judges feedback shortly after the class to integrate into angel investor pitch 5
  • © Norm Tasevski & Karim HarjiTiming• Arrive by 8:00!!• We will go in order – Group 1 goes first, Group 2 goes second, etc• At the end of the pitches, the judges will deliberate (for 10 minutes)• Judges will then provide feedback to the entire class (Karim and I will provide individual group feedback) 6
  • © Norm Tasevski & Karim HarjiAdvice for your pitches• Focus on the key components of the business model, and highlight the key financial #s – Can you clearly explain how your business works? How it makes money? How it generates social/environmental change?• Comfortably stick to the time allotment – In your practice, aim to deliver your presentation in 10-11 minutes• Anticipate the investor questions – If you were investing your own money into the business, what would you care to know about the business model? 7
  • © Norm Tasevski & Karim HarjiAngel Investment Pitch Components• Overview and mission • Business model• Management and • Marketing and sales Advisors • Financial projections• Customer problem • Financing requirements• Market opportunity/size• Solution – Inc. social issue being addressed• Value Proposition• Competitive advantage• Where the solution fits 8
  • © Norm Tasevski & Karim HarjiPowerPoint tips 9
  • The International EnablingEnvironment… 10
  • © Norm Tasevski & Karim HarjiA Growing Ecosystem 11
  • © Norm Tasevski & Karim HarjiAn Evolving Field “Developing the Field of Social Entrepreneurship” - A Report from the Center for Advancement of Social Entrepreneurship (CASE) 12
  • © Norm Tasevski & Karim HarjiAs It Evolves…• Definitions• Who‟s in or not?• Expectations vs. reality• Demonstrating impact• Scalable business models• Mission or market?• Developing and harnessing talent• Access to finance• Policy levers and constraints• Individual vs organizational capacity• Education – academic, mainstream 13
  • © Norm Tasevski & Karim HarjiWatch these videos!!!• http://vimeo.com/2307567• http://www.ted.com/talks/katherine_fulton_you_are_the_future_of_p hilanthropy.html• http://www.ted.com/talks/jacqueline_novogratz_on_patient_capitali sm.html• http://www.ted.com/talks/melinda_french_gates_what_nonprofits_c an_learn_from_coca_cola.html• http://www.ted.com/talks/bjorn_lomborg_sets_global_priorities.html• http://blog.ted.com/2010/09/18/tackling-the-mdgs-an-introduction- to-tedxchange/• http://www.youtube.com/v/QgzlmKPoMEo?f=videos&app=youtube_ gdata&title=Tonya%20Surman• http://www.ted.com/talks/tim_jackson_s_economic_reality_check.ht ml 14
  • Break 15
  • Course Summary… 16
  • © Norm Tasevski & Karim Harji 17
  • © Norm Tasevski & Karim HarjiHow is Social Entrepreneurship Different? Resourcefulness Motivation Innovation Risk Taking 18
  • © Norm Tasevski & Karim Harji 19
  • © Norm Tasevski & Karim Harji What Motivates The Social/Environmental Entrepreneur?“…it was an epiphanal experience…” “I heard the same story again and again. Ray Anderson, Interface Carpets Someone had experienced an intense kind of pain that branded them in some way. They said, „I had’ to do this. There was nothing else I could do.” Jody Jensen, Ashoka “I was teaching in one of the universities while the country was suffering from a severe famine. People were dying of hunger, and I felt very helpless. As an economist, I had no tool in my toolbox to fix that “…that made a real impression on kind of situation.” me…”Mohammed Yunus, Grameen Bank Jeff Skoll, eBay, Skoll Foundation, etc.
  • © Norm Tasevski & Karim Harji
  • © Norm Tasevski & Karim Harji 22
  • © Norm Tasevski & Karim Harji 23
  • © Norm Tasevski & Karim HarjiTip…• Be a Business Model “Alchemist” – You need to go through the business model process many times in order to figure out which model best fits 24
  • © Norm Tasevski & Karim HarjiCost Drivers and Revenue Sources-??? -??? 25
  • © Norm Tasevski & Karim HarjiWhere does HR Fit? 26
  • © Norm Tasevski & Karim HarjiWhere does Marketing Fit? 27
  • © Norm Tasevski & Karim HarjiEmbedding “Social” across the BusinessModel 28
  • For-Profit Non-Profit Corporation Corporation Partnership Charity Sole Co-OperativeProprietorship Corporation 29
  • © Norm Tasevski & Karim HarjiFinancing Options – Over the SocialEntrepreneurship “Life Cycle”MORE EQUITY-LIKE GRANTS SOCIAL VENTURE CAPITAL FUNDS ANGEL INVESTMENT VENTURE CAPITAL PROGRAM-RELATED INVESTMENT/RECOVERABLE GRANTS FORGIVABLE LOANS SOCIALLY RESPONSIBLE INVESTMENT FUNDS BELOW-MARKET DEBT MARKET-RATE DEBTMORE DEBT-LIKE IDEA DEVELOPMENT PROOF OF CONCEPT START-UP SCALE REPLICATION EXIT 30 Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”, http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
  • © Norm Tasevski & Karim HarjiAligning Supply and Demand 31 Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”, http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
  • © Norm Tasevski & Karim Harji 32
  • © Norm Tasevski & Karim HarjiNext Week• Be here for 8:00am!!• Deliverables – Pitches due at Midnight Saturday, July 23 – 1 page Précis by Midnight Saturday, July 23 33