SENS2424 March 2013Social Entrepreneurship: A View from a SupportOrganizationMirjam SchöningSr. Researcher, Skoll Center, ...
Terminology: Social Enterprise and Social Business in Context         Primary driver:                                     ...
Main Supporters of Social Entrepreneurs                     for profit                                             Bamboo ...
Social Entrepreneurs at the World Economic Forum                     1) Schwab Foundation for Social Entrepreneurship     ...
Schwab Foundation for Social Entrepreneurship                                                            Activities       ...
200 Schwab Social Entrepreneurs by Field of Activity
Schwab Social Entrepreneurs by OrganizationalModel
Financing Decisions: For-Profit, Non-Profit or both?Social InvestmentManual
Comparison of Financing Instruments                      FinancingSocial Investment     I nstrument                       ...
Performance Measurement: Impact Value ChainMonitoring andEvaluation in theSocial Sector:BenchmarkingStudy INGOs/SEsOxford ...
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Mirjam schöning sens24 - social entrepreneurs - a view from a support organization

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Country: Switzerland
Speaker: Mirjam Schoening

What is the Problem?
Starting a social enterprise is tough. Sustaining and scaling it is even tougher.

What is the Opportunity?
Having had the privilege of working closely with 200 of the world´s leading social entrepreneurs that are part of the Schwab Foundation´s community for the past 12 years, I can share a few observations and lessons. Some of the key questions are around how to finance a social enterprise, the importance of considering governance questions early on, how do you grow the enterprise and how do you find and retain talent?

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Mirjam schöning sens24 - social entrepreneurs - a view from a support organization

  1. 1. SENS2424 March 2013Social Entrepreneurship: A View from a SupportOrganizationMirjam SchöningSr. Researcher, Skoll Center, Oxford Universityformer Head, Schwab Foundation for Social Entrepreneurshipand Senior Director, World Economic Forum
  2. 2. Terminology: Social Enterprise and Social Business in Context Primary driver: Primary driver: Social value Blended value Financial value Charities Social Enterprises Socially Traditional Traditional Responsible business Non- Business Profits No earned Leveraged Hybrid non- Social Profit Profit revenue non-profit: profit: Business: distributed, maximizing Primarily Grants and Earned socially driven grants earned revenue, or Corporate revenue seeking profit Social Responsibility Programs Own illustration based on Schwab Foundation, John (2006) and Elkington & Hartigan (2008)
  3. 3. Main Supporters of Social Entrepreneurs for profit Bamboo Finance + around 100 other social investment funds Acumen Fund Schwab BonVenture Foundation Ashoka Skoll Echoing Green Foundation Draper Richards non profit Size and scale of social enterprise
  4. 4. Social Entrepreneurs at the World Economic Forum 1) Schwab Foundation for Social Entrepreneurship - community of 200 leading social entrepreneurs - since 2000 2) Forum of Young Global Leaders (YGL) - 200 selected annually - under 40 years old - about 5% social entrepreneurs - engage in World Economic Forum events - YGL Initiatives 3) Global Shapers - under 30 years old - selected based on exceptional achievement, leadership potential and drive to make contribution to their communities - about 30-40% social entrepreneurs - network of Hubs in > 100 cities with > 2000 “Shapers”
  5. 5. Schwab Foundation for Social Entrepreneurship Activities • Selection of 25 SEs per year 1) Community of • « Social Entrepreneur of the Outstanding Social Year » in 14 countries and 5 Entrepreneurs continents • 10-15 Young Global Leaders 2) Interaction between social entrepreneurs • World Economic Forum and companies/ Events  Annual Meeting Davos / governments « Summer Davos » in China  6-8 regional Meetings 3) Insight to advance the field • Network Support  Social Entrepreneurs 4) Impact – Partner in Meetings the transformation  Task Forces and Initiatives process  « Social Innovation » Global Agenda Council  Exec. Education, pro-bono consulting and legal advice
  6. 6. 200 Schwab Social Entrepreneurs by Field of Activity
  7. 7. Schwab Social Entrepreneurs by OrganizationalModel
  8. 8. Financing Decisions: For-Profit, Non-Profit or both?Social InvestmentManual
  9. 9. Comparison of Financing Instruments FinancingSocial Investment I nstrument Term Sheet I mplications for Social EnterpriseManual Duration: Short term - Usually restricted use for Annual predefined projects Grants None payments: - High fundraising costs None - Low entrepreneurial flexibility Repayment: Duration: Long term (3-7 - Annual interest payments require Annual years) low risk business model Debt Capital - No dilution of ownership payments: Interest payments - Far-reaching rights of capital Repayment: (variable) providers in case of default Duration: Unlimited - Dilution of ownership - High entrepreneurial flexibility in Yes Annual Dividend - Social investor receives control the use of capital Equity Capital and voting rights payments: payments - Profit participation for social Repayment: (variable) investor Duration: Long term (3-7 - Annual interest payments require - Potential impact on corporate No Annual years) predictable cash flows culture M ezzanine - Dilution of ownership only if Capital payments: Interest payments converted into equity Repayment: (variable) - Mandatory repayment Duration: Long term (3-7 - Inexpensive financing instrument - Profit participation for social Yes Annual years) - No dilution of ownership investor Hybrid Capital - Risk sharing with the social payments: None investor Repayment: Depends upon - Great structuring flexibility
  10. 10. Performance Measurement: Impact Value ChainMonitoring andEvaluation in theSocial Sector:BenchmarkingStudy INGOs/SEsOxford University andLinklatersPublishing date:June 2013 Illustration based on Clark et al. (2004) and Roder (2010)

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