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SiG@MaRSBuilding Canada’s next generation ofsocial ventures.Presented by: Hadley NellesNovember 2011
Memory at Work  Social Innovation as a  Tool for Poverty Reduction  • What is Social Innovation?  • What is SiG@MaRS?  • H...
Memory at Work  Social Innovation EcosystemSocial                               SocialFinance                          Inn...
Memory at Work  Social Innovation                              is about finding new ways                         to addres...
Memory at Work  Social Entrepreneurship         is the practice of responding to market     failures with transformative a...
Memory at Work  Social Finance   is an investment approach to solve social         or environmental challenges while      ...
Memory at Work  Social Partnerships                 cross or multi-sectoral collaborations “There is growing              ...
Memory at Work  SiG@MaRS             SiG@MaRS is actively developing             programs to support the launch           ...
Memory at Work  SiG@MaRS • Advise: social venture advisory services   •   Information and referral   •   Market Intelligen...
Memory at Work  Social Ventures                                  defined by a social and/or                               ...
Memory at Work  SiG@MaRS  • Convene: events, thought leaders, social    partnerships    • Social Innovation Summit    • Ne...
Memory at Work  SiG@MaRS • Accelerate: School for Social   Entrepreneurs - Ontario • SSE-O Collaborative    •   SiG@MaRS  ...
Memory at Work  Social Innovation  • Social innovation as a poverty reduction    tool:    • Registered Disability Savings ...
Memory at Work  Conclusions  • Social innovation, social entrepreneurship, social    partnerships, social finance are inte...
Hadley Nelleshnelles@marsdd.comSiG@MaRS Info page on MaRS
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A4 b4 social innovation_hadley nelles_2011 ocasi ed

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A4 b4 social innovation_hadley nelles_2011 ocasi ed

  1. 1. SiG@MaRSBuilding Canada’s next generation ofsocial ventures.Presented by: Hadley NellesNovember 2011
  2. 2. Memory at Work Social Innovation as a Tool for Poverty Reduction • What is Social Innovation? • What is SiG@MaRS? • How is social change, e.g. poverty reduction, catalyzed? • Examples of poverty reduction tools. Pg 2
  3. 3. Memory at Work Social Innovation EcosystemSocial SocialFinance Innovation Positive Social ChangeSocial SocialPartnerships Entrepreneurship Pg 3
  4. 4. Memory at Work Social Innovation is about finding new ways to address unmet social needs Social innovation is an initiative, product or process which profoundly changes the basic routines, resource and authority flows or beliefs of any social system in a direction of greater resilience. Successful social innovations have durability, impact and scale. The capacity of any society to create a steady flow of social innovations, particularly those which address vulnerable populations and ecosystems, is an important contributor to overall social and ecological resilience. Pg 4
  5. 5. Memory at Work Social Entrepreneurship is the practice of responding to market failures with transformative and financially sustainable innovations A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. Whereas a business entrepreneur typically measures performance in profit and return, a social entrepreneur assesses success in terms of the impact s/he has on society as well as in profit and return. Pg 5
  6. 6. Memory at Work Social Finance is an investment approach to solve social or environmental challenges while generating financial return Pg 6
  7. 7. Memory at Work Social Partnerships cross or multi-sectoral collaborations “There is growing that work together to bring understanding that many good ideas to fruition of our largest social and economic challenges cannot be addressed by government alone nor, for that matter, by business or community organizations by themselves.” Tim Brodhead, former President, J.W.McConnell Family Foundation Pg 7
  8. 8. Memory at Work SiG@MaRS SiG@MaRS is actively developing programs to support the launch and growth of social ventures by: • enhancing the skills and networks of social entrepreneurs • building the social enterprise community • exploring new instruments of social finance Pg 8
  9. 9. Memory at Work SiG@MaRS • Advise: social venture advisory services • Information and referral • Market Intelligence • Access to networks • Access to capital • Help with governance • Innovation in program design + delivery • Legal Issues • Workshops Pg 9
  10. 10. Memory at Work Social Ventures defined by a social and/or environmental purpose Social Enterprise: a business operation run by a charity or non-profit where revenue raised is reinvested into the charity or non-profit to support program and operations. Social Purpose Business: is a profit-making enterprise that has a positive social and/or environmental return on investment. Pg 10
  11. 11. Memory at Work SiG@MaRS • Convene: events, thought leaders, social partnerships • Social Innovation Summit • Net Change Week • Inspiring Action for Social Impact series Pg 11
  12. 12. Memory at Work SiG@MaRS • Accelerate: School for Social Entrepreneurs - Ontario • SSE-O Collaborative • SiG@MaRS • Social Housing Services Corporation • ACCESS Community Capital Fund • Social and Economic Development Innovations Pg 12
  13. 13. Memory at Work Social Innovation • Social innovation as a poverty reduction tool: • Registered Disability Savings Plan (RDSP) • Social innovations in the Immigrant Serving Community • SiG@Waterloo Graduate Diploma in Social Innovation • Assisting Local Leaders with Immigrant Employment Strategies (ALLIES) Pg 13
  14. 14. Memory at Work Conclusions • Social innovation, social entrepreneurship, social partnerships, social finance are intertwined vectors for positive social and environmental change. • Some social innovation depends on social enterprise models, but not all; social enterprise is in itself a social innovation but social enterprises do not necessarily drive social innovation. • Entering new era of problem solving: from silos to cross-sectoral partnerships. Pg 14
  15. 15. Hadley Nelleshnelles@marsdd.comSiG@MaRS Info page on MaRS

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