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  Social Entrepreneurship Summit 2008 Opening Video by
   Blackpowder Labs
     Visualization




  A visualization of the responses to a survey on the state of social
   entrepreneurship in Canada. The survey was conducted prior to
   the Summit and the results were shown at the opening of the
   event
By the end of this session it is our hope that you will…

1. Understand what SiG@MaRS is and what programs and
   services we offer

2. Know how you can take advantage of these programs and
   services, if desired; and

3. Have participated in helping SiG@MaRS determine what
   other programs and services should be developed to
   address your needs or those of the community
  Lawrence Bloomberg
  National Bank of Canada

  John Manley
  McCarthy Tetrault

  Geoffrey Matus
  Mandukwe Inc

  Tim McTiernan
  University of Toronto
                            Joseph L. Rotman          Susan M. Smith
                             Roy L Capital
  Gordon Nixon                                         RBC Ventures
  RBC Canada
                            Indira Samarasekera   Calvin Stiler
                             University of Alberta
  Sheila O’Brien                                       Genome Canada
  Belvedere Investment
                                                       William White
                                                        Dupont Canada
SoftShell on the Dragon’s Den                                           Sean O’Dea, founder of Second Cup
                                                                             in interview with Charles Plant




                                                MaRS Community watches
                                                the Obama inauguration




Federal Minister of Health and Allyson Hewitt                 Social Entrepreneurs - Trevor David and Nick Temple
Entrepreneurship



               Technology

 Science &
                                  Social
Technology      Incubation
                                Innovation
Innovation

               Investment




                 Capacity




                                             pg 8
  National initiative of four nodes across the country
     Tim Draimin, National Executive Director
     Tim Brodhead, McConnell Foundation
     Frances Westley, University of Waterloo
     Al Etmanski, PLAN
     Allyson Hewitt, MaRS

  The primary aim of SiG is to encourage effective methods of
   addressing persistent social problems on a national scale
  The activities of SiG serve to promote broad social change
  SiG@MaRS brings this work to Ontario
  Social innovation refers to new strategies, concepts, ideas and
   organizations that meet social needs of all kinds - from
   working conditions and education to community development
   and health - and that extend and strengthen civil society.
   Wikipedia




  Social innovation is an initiative, product or process that
   profoundly changes beliefs, basic routines, resource and
   authority flows of any social system in the direction of greater
   resilience. Successful social innovations have durability, impact
   and scale. SiG National
  Wikipedia: 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.
                                 While social entrepreneurs often work
                                 through nonprofits and citizen groups,
                                 many work in the private and
                                 governmental sectors
  quot;Social entrepreneurs identify
   resources where people only see
   problems. They view the villagers as
   the solution, not the passive
   beneficiary. They begin with the
   assumption of competence and
   unleash resources in the communities
   they're serving.”
  -- David Bornstein, author of How to
   Change the World: Social
   Entrepreneurs and the Power of New
   Ideas
  Yes We Can Video
Ashoka: Social entrepreneurship - the practice of responding to market
  failures with transformative and financially sustainable innovations
  aimed at solving social problems
   Social entrepreneurs are “change agents,” creating “large-scale
     change through pattern-breaking ideas,” “addressing the root
     causes” of social problems, possessing “the ambition to create
     systemic change by introducing a new idea and persuading others
     to adopt it,” and changing “the social systems that create and
     maintain” problems.
   “Social entrepreneurs are not content just to give a fish or teach
     how to fish. They will not rest until they have revolutionized the
     fishing industry.” – Bill Drayton, Founder of Ashoka
William quot;Billquot; Drayton is the founder and current Chair of Ashoka:
 Innovators for the Public, a nonprofit organization dedicated to finding
              and fostering social entrepreneurs worldwide

Canada has 13 Ashoka Fellows including: At Etmanski, Geoff Cape,
                Mary Gordon and Dr Stan Slotkin
SiG@MaRS is actively developing programs to support the launch and
growth of social ventures, enhancing the skills and networks of social
    entrepreneurs, exploring new instruments of social finance,
fostering opportunities for technology platforms to help scale social
        ventures and building the social enterprise community.
  Social Finance
                        Public Policy




  Social Technology
  Social Finance Forum
     Annual event mobilizing action on social finance

  Strategic Inquiry
     Conducted by Liz Mulholland for OSER

  Social Finance Ontario
     Committee of the Ontario NonProfit Network         Jessica Flannery, Kiva.org
                                                         At Social Finance Forum 09

  enp Toronto
     SiG@MaRS one of several funders of this CSI initiative

  Causeway
     National Collaborative on Social Finance
A national collaboration
working on new pathways

      for financial investment

           in public benefit.
BUSINESS
GOVERNMENT
             Hybrid Space




             CHARITIES &
             NON-PROFITS
Strategies
  Improve knowledge and awareness of Canada’s social finance
   opportunity
  Convene and engage the community
  Support capacity-building for capital users and providers
  Catalyze development of new financial pathways
Knowledge Mobilization:
Social Finance Forum
SocialFinance.ca

Policy Reform:
Social Finance Brief
UK Study Tour

                                           Social Finance
                                                            invest in social good
Engaging Mainstream Finance:
Catalyzing financial product development
Convening key leaders and
Bridging disparate sectors
Resilient Capital                  Économie solidaire de l’Ontario

                                                              Alterna
                Fraser Valley Centre
  CCA                                                                PfC                          Chantier de
                for Social Enterprise
                                                                                                  l’economie Sociale



          Eco Trust
                                                                                              Community
                                                                                              Power Fund



CED-
                                                                                                  Social Capital
NET
                                                                                                  Partners
              Plan institute                                                                           Carleton
                                                                                                       Center for
                               SiG
                                                                                                       Community
SRI in the Rockies                                                            Social Investment
                                                 Causeway                                              Innovation
                                                                              Organization
                                        Edmonton Social
                        VanCity
                                        Enterprise Fund
                                                            Ashoka      Ontario Non –Profit Network
Social Capital Partners
• Invests in social enterprises that employ populations outside the
  economic mainstream in Canada, helping them to acquire scale,
  exist without external subside, and create improved funding
  mechanisms for social initiatives.



Edmonton Social Enterprise Fund (SEF)
• combines business expertise with flexible financing to help
  Edmonton not-for-profit organizations and cooperatives create or
  expand strong, sustainable business ventures and affordable
  housing projects.



RENAISSANCE QUEBEC
• charitable organization aimed at the professional and social
  reintegration of people excluded from the labour market.
• Social finance organization, Social Capital Partners (SCP),
  provided the grant and loan financing that allowed Renaissance to
  launch a new flagship Fripe-Prix store in Montreal
WHAT IS IT?




              OVERWHELMED?
EVERYTHING IS CHANGING
’08
ADVOMENTARY
Social Tech advising for our clients

Social tech
                                         Collaborating on innovative projects with
       Social media                                   usual and unusual suspects
                          Semantic web
       Platforms Online                        Being a support in the community


                                               Applying science and sociology to
Open                                         our understanding of the social web
           Design
                                          Using a living lab approach to test new
                                                            models and platforms
SOCIAL TECH SiG@MaRS
                                                     SiG@MaRS’ online presence
  New models
                                                              Twitter, Blogs, Tags
  Events:


    Social Entrepreneurship Summit (07 & 08)

    Social Finance Forum (07 & 08)

    Social Technology Training (08)
Sharing for Social Change



                            Eva’s Phoenix
                            Print Shop -
                            Graduation
National Film Board   Tom Szatsky, TerraCycle
                                                Institute for Canadian Citizenship
  Understanding the essence of innovation to assist with scale
     Totemics
     Lenses




                      Beta Test Sites
                        Taking IT Global
                        Roots of Empathy
                        Santrapol Roulant
                        Montreal Fluency Centre
                                                       Dr Brenda Zimmerman
    Social Venture Partners
  Centre for Social Innovation
                                      Social Capital Partners
  Communicopia/ Web of Change
                                      Social Venture Institute
  Academia
                                      Community Foundations of Canada
  SES08 Partners – TCSA
                                      Ontario Non Profit Network
  Schwab Foundation
                                      Centre for Social Economy
  McConnell Foundation
                                      Ontario Arts Council
  Ashoka
                                      Hospitals - Sunnybrook
  CED Networks
                                      Bridges
  CAMH
                                      Young Foundation
  OSER                               School for Social Entrepreneurs
  Causeway                           Ontario Trillium Foundation
  Tides Canada                       The Learning Partnership
  Sage Centre                        Social Enterprise Council of Canada
                                      Creative Converge
  Wellesley Institute
                                      Philanthropic Foundations of Canada
  TVO/Get Involved!
  Social Enterprise World Forum Debrief – bringing the latest in
   social enterprise development to Ontario




  SoCap ReCap
  A multi-disciplinary team of MaRS Advisors is available to support
   social entrepreneurs
  Paid staff/ Entrepreneurs in Residence/ Consultants/ Volunteers

             MaRS Venture Group                                 Social/ Entrepreneurs in Residence
                  SiG staff


                                       MaRS Business Services



                                                                        Capital
                                               Advisory
                   Commercialization
                                                                       Services
                                               Services
                      Services

                                                                                       Referrals for Funding

                                          Market Intelligence
                                                                                             Events

                                       Entrepreneurship Education



Entrepreneurship 101
                                                                                                      pg 39
1.  Strategic Counsel
2.  Investment & Funding Exploration
3.  Business Model
4.  Partnership Exploration
5.  Proposal & Marketing Review
6.  Current: Psychotherapist
1.  AGM & Annual Report      1.  Business Model
2.  CRS operational review   2.  Growth Strategy
3.  Business model advice    3.  Engage with Board of
                                 Directors
4.  Action plan
                             4.  Current: Action plan
5.  Funding application
                             5.  Current: Board Retreat
6.  Recruitment
7.  Current: Business plan
  Full time staff
     Allyson Hewitt
     Lisa Torjman
     Carol-Ann Smith
     Marisa Fortune

  Consultants – Social Entrepreneurs in Residence
     Cheryl May
     Jennifer White

  Volunteers
     Albert Plant
     Volunteer EIRs
 Social Venture Fund
  Investment Accelerator Fun

                                    Announced with no
                                   timelines in Liberal
                                   Policy Platform
                                    Re-announced most
                                   recently in the Ontario
                                   Poverty Reduction
                                   Strategy
  Fundraising Consultant
                                 Foundation Liaison

                                    McConnell Foundation
                                    Metcalfe Foundation
                                    Laidlaw Foundation
                                    Ontario Trillium
      Cynthia Armour, CFRE
                                   Foundation
                                    Atkinson Foundation
  Get on our mailing list                      MaRS Discovery District
                                                MaRS Centre
                                                South Tower, Suite 100
  Meet with a staff member                     101 College Street
                                                Toronto, Ontario
     Allyson                                   M5G 1L7
     Lisa
                                                T 416.673.8100
     Cheryl                                    F 416.673.8181
                                                E marsdiscoverydistrict@marsdd.com
     Carol-Ann
                                                W www.marsdd.com
     Marisa

  Complete a Discovery Document


  Priority clients:
     Entrepreneurial
     Innovative
     Systems Changers
     Need for enabling technology to scale venture
  Projects that SiG@MaRS undertakes with sector partners and/or with
   other SiG nodes for maximum impact
    RDSP: A financial tool that allows people with disabilities to start
     saving and accumulating assets




    Tyze helps you...

    ...schedule everything from medical appointments to birthday
     parties
    ...plan tasks and report on progress
    ...connect with new people who can build and strengthen your
     network
    ...tell the story of the person at the centre of the network: their
     triumphs and challenges, and how they touch the lives of the
     people around them
 ONN
     Working with the Ontario Non-profit Network to amend the
      Corporations Act in order to reflect the realities of social enterprise




 Ontario Poverty Reduction Strategy
     Section on Social Innovation
       Social Capital Partners
       SiG
       Social Business Website
       Social Investment Exchange
       Feasibility of a CIC
       Social Venture Fund
  Social Impact Metrics
    Led by Gillian Kerr
    Top trends in social entrepreneurship – accountability - transparency

  Procurement
    Led by Deepa Darywani
    See SEWF and Ontario Poverty Reduction Strategy

  Regulatory Issues
    Led by Mark Bachman

  Entrepreneurship Education
    Led by Jonquil Eyre

  Social Venture Fund
    Led by Kerri Golden, white paper to be released
  Innovative enterprises which combine a strong social purpose with
   sound business principles
  Contrast to traditional businesses which are primarily driven by
   the need to maximize profit or charities primarily driven to serve a
   social need
  May include both for-profit and non-profit entities as long as they
   meet SVF investment criteria

                                         Return Continuum

                                                 SVF
                                               Target Zone

     Grant Funded                                                 Social
                             Revenue
                                                                                      Traditional
                                          Social Enterprise
      Non-Profit                                                 Purpose
                            Generating
                                                                                      Business
                                           (larger # in UK/US)
       (Charity)                                                 Business
                            Non-Profit




              Social (Charitable)                                     Financial (Commercial)
                                              RETURN
  Social Impact Criteria
    A strong social value proposition/theory of change for a desired social
     outcome integrated into the value proposition of the business model
    Agreement needed on social benefit and measurement of outcomes

  Innovation Criteria
    Sustainably competitive
    External validation of the value to market
    Strong intellectual property (“IP” or innovative business model or
     service delivery offering which could generate IP0

  Financial and Business Criteria
    A large addressable market or a significant economic impact with a
     viable go-to-market strategy
    A financially viable business model and the appropriate team to succeed
     or plan to add to team with financing available.
  Social Investment Exchange




    Project being led by Ontario Association
     of Food Banks, Toronto Stock Exchange and
     SiG@MaRS
    Concept paper and proposal sent to
     Province of Ontario
                                                 Tamzin Ractliffe, Founder Greater Good
                                                 South Africa at the Social
                                                 Entrepreneurship Summit 2008
  School for Social Entrepreneurs
    Project being led by George Brown College and SiG@MaRS
    Evidenced-based program currently operating in UK
    Proposal submitted to OTF
  That’s up to you


  What’s working?
  What’s not?
  Where would you like SiG@MaRS to focus?
  Anything we should STOP doing?
  Anything you want us to do more of?
  Any gaps in the social innovation literature or
   needs of social entrepreneurs that we can help meet?
  Are you working on something we can enable?
  What would you like to say?
Allyson Hewitt
Director, Social Entrepreneurship
and Director, SiG@MaRS
ahewitt@marsdd.com
416-673-8410

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SiG@ MaRS Info Session

  • 1. @
  • 2.   Social Entrepreneurship Summit 2008 Opening Video by Blackpowder Labs   Visualization   A visualization of the responses to a survey on the state of social entrepreneurship in Canada. The survey was conducted prior to the Summit and the results were shown at the opening of the event
  • 3. By the end of this session it is our hope that you will… 1. Understand what SiG@MaRS is and what programs and services we offer 2. Know how you can take advantage of these programs and services, if desired; and 3. Have participated in helping SiG@MaRS determine what other programs and services should be developed to address your needs or those of the community
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  • 5.   Lawrence Bloomberg National Bank of Canada   John Manley McCarthy Tetrault   Geoffrey Matus Mandukwe Inc   Tim McTiernan University of Toronto   Joseph L. Rotman   Susan M. Smith Roy L Capital   Gordon Nixon RBC Ventures RBC Canada   Indira Samarasekera   Calvin Stiler University of Alberta   Sheila O’Brien Genome Canada Belvedere Investment   William White Dupont Canada
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  • 7. SoftShell on the Dragon’s Den Sean O’Dea, founder of Second Cup in interview with Charles Plant MaRS Community watches the Obama inauguration Federal Minister of Health and Allyson Hewitt Social Entrepreneurs - Trevor David and Nick Temple
  • 8. Entrepreneurship Technology Science & Social Technology Incubation Innovation Innovation Investment Capacity pg 8
  • 9.   National initiative of four nodes across the country   Tim Draimin, National Executive Director   Tim Brodhead, McConnell Foundation   Frances Westley, University of Waterloo   Al Etmanski, PLAN   Allyson Hewitt, MaRS   The primary aim of SiG is to encourage effective methods of addressing persistent social problems on a national scale   The activities of SiG serve to promote broad social change   SiG@MaRS brings this work to Ontario
  • 10.   Social innovation refers to new strategies, concepts, ideas and organizations that meet social needs of all kinds - from working conditions and education to community development and health - and that extend and strengthen civil society. Wikipedia   Social innovation is an initiative, product or process that profoundly changes beliefs, basic routines, resource and authority flows of any social system in the direction of greater resilience. Successful social innovations have durability, impact and scale. SiG National
  • 11.   Wikipedia: 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. While social entrepreneurs often work through nonprofits and citizen groups, many work in the private and governmental sectors
  • 12.   quot;Social entrepreneurs identify resources where people only see problems. They view the villagers as the solution, not the passive beneficiary. They begin with the assumption of competence and unleash resources in the communities they're serving.”   -- David Bornstein, author of How to Change the World: Social Entrepreneurs and the Power of New Ideas   Yes We Can Video
  • 13. Ashoka: Social entrepreneurship - the practice of responding to market failures with transformative and financially sustainable innovations aimed at solving social problems Social entrepreneurs are “change agents,” creating “large-scale change through pattern-breaking ideas,” “addressing the root causes” of social problems, possessing “the ambition to create systemic change by introducing a new idea and persuading others to adopt it,” and changing “the social systems that create and maintain” problems. “Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.” – Bill Drayton, Founder of Ashoka
  • 14. William quot;Billquot; Drayton is the founder and current Chair of Ashoka: Innovators for the Public, a nonprofit organization dedicated to finding and fostering social entrepreneurs worldwide Canada has 13 Ashoka Fellows including: At Etmanski, Geoff Cape, Mary Gordon and Dr Stan Slotkin
  • 15. SiG@MaRS is actively developing programs to support the launch and growth of social ventures, enhancing the skills and networks of social entrepreneurs, exploring new instruments of social finance, fostering opportunities for technology platforms to help scale social ventures and building the social enterprise community.
  • 16.   Social Finance  Public Policy   Social Technology
  • 17.   Social Finance Forum   Annual event mobilizing action on social finance   Strategic Inquiry   Conducted by Liz Mulholland for OSER   Social Finance Ontario   Committee of the Ontario NonProfit Network Jessica Flannery, Kiva.org At Social Finance Forum 09   enp Toronto   SiG@MaRS one of several funders of this CSI initiative   Causeway   National Collaborative on Social Finance
  • 18. A national collaboration working on new pathways for financial investment in public benefit.
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  • 20. BUSINESS GOVERNMENT Hybrid Space CHARITIES & NON-PROFITS
  • 21. Strategies   Improve knowledge and awareness of Canada’s social finance opportunity   Convene and engage the community   Support capacity-building for capital users and providers   Catalyze development of new financial pathways
  • 22. Knowledge Mobilization: Social Finance Forum SocialFinance.ca Policy Reform: Social Finance Brief UK Study Tour Social Finance invest in social good Engaging Mainstream Finance: Catalyzing financial product development Convening key leaders and Bridging disparate sectors
  • 23. Resilient Capital Économie solidaire de l’Ontario Alterna Fraser Valley Centre CCA PfC Chantier de for Social Enterprise l’economie Sociale Eco Trust Community Power Fund CED- Social Capital NET Partners Plan institute Carleton Center for SiG Community SRI in the Rockies Social Investment Causeway Innovation Organization Edmonton Social VanCity Enterprise Fund Ashoka Ontario Non –Profit Network
  • 24. Social Capital Partners • Invests in social enterprises that employ populations outside the economic mainstream in Canada, helping them to acquire scale, exist without external subside, and create improved funding mechanisms for social initiatives. Edmonton Social Enterprise Fund (SEF) • combines business expertise with flexible financing to help Edmonton not-for-profit organizations and cooperatives create or expand strong, sustainable business ventures and affordable housing projects. RENAISSANCE QUEBEC • charitable organization aimed at the professional and social reintegration of people excluded from the labour market. • Social finance organization, Social Capital Partners (SCP), provided the grant and loan financing that allowed Renaissance to launch a new flagship Fripe-Prix store in Montreal
  • 25. WHAT IS IT? OVERWHELMED?
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  • 31. Social Tech advising for our clients Social tech Collaborating on innovative projects with Social media usual and unusual suspects Semantic web Platforms Online Being a support in the community Applying science and sociology to Open our understanding of the social web Design Using a living lab approach to test new models and platforms SOCIAL TECH SiG@MaRS SiG@MaRS’ online presence New models Twitter, Blogs, Tags
  • 32.   Events:   Social Entrepreneurship Summit (07 & 08)   Social Finance Forum (07 & 08)   Social Technology Training (08)
  • 33. Sharing for Social Change Eva’s Phoenix Print Shop - Graduation
  • 34. National Film Board Tom Szatsky, TerraCycle Institute for Canadian Citizenship
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  • 36.   Understanding the essence of innovation to assist with scale   Totemics   Lenses Beta Test Sites   Taking IT Global   Roots of Empathy   Santrapol Roulant   Montreal Fluency Centre Dr Brenda Zimmerman
  • 37.   Social Venture Partners   Centre for Social Innovation   Social Capital Partners   Communicopia/ Web of Change   Social Venture Institute   Academia   Community Foundations of Canada   SES08 Partners – TCSA   Ontario Non Profit Network   Schwab Foundation   Centre for Social Economy   McConnell Foundation   Ontario Arts Council   Ashoka   Hospitals - Sunnybrook   CED Networks   Bridges   CAMH   Young Foundation   OSER   School for Social Entrepreneurs   Causeway   Ontario Trillium Foundation   Tides Canada   The Learning Partnership   Sage Centre   Social Enterprise Council of Canada   Creative Converge   Wellesley Institute   Philanthropic Foundations of Canada   TVO/Get Involved!
  • 38.   Social Enterprise World Forum Debrief – bringing the latest in social enterprise development to Ontario   SoCap ReCap
  • 39.   A multi-disciplinary team of MaRS Advisors is available to support social entrepreneurs   Paid staff/ Entrepreneurs in Residence/ Consultants/ Volunteers MaRS Venture Group Social/ Entrepreneurs in Residence SiG staff MaRS Business Services Capital Advisory Commercialization Services Services Services Referrals for Funding Market Intelligence Events Entrepreneurship Education Entrepreneurship 101 pg 39
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  • 41. 1.  Strategic Counsel 2.  Investment & Funding Exploration 3.  Business Model 4.  Partnership Exploration 5.  Proposal & Marketing Review 6.  Current: Psychotherapist
  • 42. 1.  AGM & Annual Report 1.  Business Model 2.  CRS operational review 2.  Growth Strategy 3.  Business model advice 3.  Engage with Board of Directors 4.  Action plan 4.  Current: Action plan 5.  Funding application 5.  Current: Board Retreat 6.  Recruitment 7.  Current: Business plan
  • 43.   Full time staff   Allyson Hewitt   Lisa Torjman   Carol-Ann Smith   Marisa Fortune   Consultants – Social Entrepreneurs in Residence   Cheryl May   Jennifer White   Volunteers   Albert Plant   Volunteer EIRs
  • 44.  Social Venture Fund   Investment Accelerator Fun  Announced with no timelines in Liberal Policy Platform  Re-announced most recently in the Ontario Poverty Reduction Strategy   Fundraising Consultant  Foundation Liaison  McConnell Foundation  Metcalfe Foundation  Laidlaw Foundation  Ontario Trillium Cynthia Armour, CFRE Foundation  Atkinson Foundation
  • 45.   Get on our mailing list MaRS Discovery District MaRS Centre South Tower, Suite 100   Meet with a staff member 101 College Street Toronto, Ontario   Allyson M5G 1L7   Lisa T 416.673.8100   Cheryl F 416.673.8181 E marsdiscoverydistrict@marsdd.com   Carol-Ann W www.marsdd.com   Marisa   Complete a Discovery Document   Priority clients:   Entrepreneurial   Innovative   Systems Changers   Need for enabling technology to scale venture
  • 46.   Projects that SiG@MaRS undertakes with sector partners and/or with other SiG nodes for maximum impact  RDSP: A financial tool that allows people with disabilities to start saving and accumulating assets  Tyze helps you...  ...schedule everything from medical appointments to birthday parties  ...plan tasks and report on progress  ...connect with new people who can build and strengthen your network  ...tell the story of the person at the centre of the network: their triumphs and challenges, and how they touch the lives of the people around them
  • 47.  ONN  Working with the Ontario Non-profit Network to amend the Corporations Act in order to reflect the realities of social enterprise  Ontario Poverty Reduction Strategy  Section on Social Innovation  Social Capital Partners  SiG  Social Business Website  Social Investment Exchange  Feasibility of a CIC  Social Venture Fund
  • 48.   Social Impact Metrics   Led by Gillian Kerr   Top trends in social entrepreneurship – accountability - transparency   Procurement   Led by Deepa Darywani   See SEWF and Ontario Poverty Reduction Strategy   Regulatory Issues   Led by Mark Bachman   Entrepreneurship Education   Led by Jonquil Eyre   Social Venture Fund   Led by Kerri Golden, white paper to be released
  • 49.   Innovative enterprises which combine a strong social purpose with sound business principles   Contrast to traditional businesses which are primarily driven by the need to maximize profit or charities primarily driven to serve a social need   May include both for-profit and non-profit entities as long as they meet SVF investment criteria Return Continuum SVF Target Zone Grant Funded Social Revenue Traditional Social Enterprise Non-Profit Purpose Generating Business (larger # in UK/US) (Charity) Business Non-Profit Social (Charitable) Financial (Commercial) RETURN
  • 50.   Social Impact Criteria   A strong social value proposition/theory of change for a desired social outcome integrated into the value proposition of the business model   Agreement needed on social benefit and measurement of outcomes   Innovation Criteria   Sustainably competitive   External validation of the value to market   Strong intellectual property (“IP” or innovative business model or service delivery offering which could generate IP0   Financial and Business Criteria   A large addressable market or a significant economic impact with a viable go-to-market strategy   A financially viable business model and the appropriate team to succeed or plan to add to team with financing available.
  • 51.   Social Investment Exchange   Project being led by Ontario Association of Food Banks, Toronto Stock Exchange and SiG@MaRS   Concept paper and proposal sent to Province of Ontario Tamzin Ractliffe, Founder Greater Good South Africa at the Social Entrepreneurship Summit 2008   School for Social Entrepreneurs   Project being led by George Brown College and SiG@MaRS   Evidenced-based program currently operating in UK   Proposal submitted to OTF
  • 52.   That’s up to you   What’s working?   What’s not?   Where would you like SiG@MaRS to focus?   Anything we should STOP doing?   Anything you want us to do more of?   Any gaps in the social innovation literature or needs of social entrepreneurs that we can help meet?   Are you working on something we can enable?   What would you like to say?
  • 53. Allyson Hewitt Director, Social Entrepreneurship and Director, SiG@MaRS ahewitt@marsdd.com 416-673-8410