The Startup City -- The Meaning of Place in Europe's Digital EconomyNatalie Novick
Some initial findings from a year in the field of some of Europe's startup cities. Digital entrepreneurship is an engagement with community-- thus it is important for communities to foster these spaces to ensure they can grow.
Technological change and the development of the digital economy have drastically reshaped our
connection to our work, our cities and to one another. As technology companies and startup firms
have begun to comprise a larger proportion of the global economy, entrepreneurs trading in products
and services that exist entirely online are less constrained by geography than ever before. While the
constraints to geography slip away for these entrepreneurs, locality takes upon a new meaning.
Increasingly, aspiring tech entrepreneurs are choosing startup cities-- transnational social
spaces existing on top of, and not entirely within the confines of the modern city. The Startup City exemplifies today's urban superdiversity (Vertovec 2007), new forms that are
uniquely comprised of
people, institutions, practices, and values, making them distinct from other types of transnational
communities grounded in shared ethnicity or religion (Faist 1998). Wholly engaged in
entrepreneurship and the technologies that have faci
take on a global dimension while inhabiting the modern geography of the city. Many times, these
spaces and the people that populate them exist outside the confines of local policy, utilizing privilege
and human capital to maneuver around bureaucracy and visa policy. As governments increasingly aim
to increase competitiveness by supporting the digital economy and the entrepreneurs that sustain
it, we investigate the spaces they inhabit. This piece introduces the features and development of
Startup Cities, and outlines the challenges and opportunities they present.
Opportunities for Digital Entrepreneurship According to the Indices -- Natali...Natalie Novick
Technological change and lower barriers for entrepreneurship have transformed opportunities for doing business in Europe, creating a bright spot at a time of great political uncertainty. Across the continent, each country and region offers varying packages of costs, risks and opportunities for the entrepreneur, including policy incentives, startup support, human capital and cultural advantages. However, it remains challenging for policymakers and entrepreneurs to compare these qualities against one another. Scholars of public policy and business have sought to address this difficulty by developing a number of indices to make these evaluations more transparent. What can these indices tell us about business opportunities and challenges across European states and regions? Why and how do these indices come to different conclusions about the countries and regions they find the most promising? This work examines and compares these indices, and investigates their considerable differences in measurement, methodology and validity. I show that many of these indices take an individualized approach in framing opportunities for entrepreneurship, creating a number of implications for the final assessment. Despite utilizing different indicators and measurements, many of the variables chosen are often related to one another and can be explained by shared phenomena. This assessment of the existing literature allows us to assess how these measurement tools have been used, and how they can be refined in the future.
An overview of the current state of research in this field allows us to learn from the innovative ideas that have been developed so far and to discuss the next steps to be taken.
Impact Grid is a project to harness the potential offered by blockchain and other emerging technologies to design a transparent, secure and decentralized platform for Impact Investing.
Suzanne Smith, principal of Social Impact Architects, gives an overview of the Social Enterprise Alliance Summit 13 conference to SEA North Texas members and guests during a workshop held in June 2013 in Dallas.
Community Wealth Partners gave an overview of social enterprise at the Washington, DC Economic Partnership's Doing Business 2.0 seminar on Starting a Nonprofit (7/10/13).
Catalyzing Financial Services for Enterprising Nonprofits . A report of the CIBC Presents Entrepreneurship 101 Lived-it-Lecture featuring Jed Emerson held December 2, 2009, at MaRS.
MaRS Future of Medicine™ Anticipating a world in which pharmaceutical compani...MaRS Discovery District
MaRS Future of Medicine™
Anticipating a world in which pharmaceutical companies outsource all R&D.
Drug development: Skating to where the puck is.
Speaker: Dr. Aled Edwards
Per approfondimenti sullo sviluppo applicazioni Android: http://www.synesthesia.it/sviluppo-mobile-applicazioni-android-iphone-ipad-ios-web http://www.synesthesia.it/sviluppo-mobile-applicazioni-android-iphone-ipad-ios-web
The Startup City -- The Meaning of Place in Europe's Digital EconomyNatalie Novick
Some initial findings from a year in the field of some of Europe's startup cities. Digital entrepreneurship is an engagement with community-- thus it is important for communities to foster these spaces to ensure they can grow.
Technological change and the development of the digital economy have drastically reshaped our
connection to our work, our cities and to one another. As technology companies and startup firms
have begun to comprise a larger proportion of the global economy, entrepreneurs trading in products
and services that exist entirely online are less constrained by geography than ever before. While the
constraints to geography slip away for these entrepreneurs, locality takes upon a new meaning.
Increasingly, aspiring tech entrepreneurs are choosing startup cities-- transnational social
spaces existing on top of, and not entirely within the confines of the modern city. The Startup City exemplifies today's urban superdiversity (Vertovec 2007), new forms that are
uniquely comprised of
people, institutions, practices, and values, making them distinct from other types of transnational
communities grounded in shared ethnicity or religion (Faist 1998). Wholly engaged in
entrepreneurship and the technologies that have faci
take on a global dimension while inhabiting the modern geography of the city. Many times, these
spaces and the people that populate them exist outside the confines of local policy, utilizing privilege
and human capital to maneuver around bureaucracy and visa policy. As governments increasingly aim
to increase competitiveness by supporting the digital economy and the entrepreneurs that sustain
it, we investigate the spaces they inhabit. This piece introduces the features and development of
Startup Cities, and outlines the challenges and opportunities they present.
Opportunities for Digital Entrepreneurship According to the Indices -- Natali...Natalie Novick
Technological change and lower barriers for entrepreneurship have transformed opportunities for doing business in Europe, creating a bright spot at a time of great political uncertainty. Across the continent, each country and region offers varying packages of costs, risks and opportunities for the entrepreneur, including policy incentives, startup support, human capital and cultural advantages. However, it remains challenging for policymakers and entrepreneurs to compare these qualities against one another. Scholars of public policy and business have sought to address this difficulty by developing a number of indices to make these evaluations more transparent. What can these indices tell us about business opportunities and challenges across European states and regions? Why and how do these indices come to different conclusions about the countries and regions they find the most promising? This work examines and compares these indices, and investigates their considerable differences in measurement, methodology and validity. I show that many of these indices take an individualized approach in framing opportunities for entrepreneurship, creating a number of implications for the final assessment. Despite utilizing different indicators and measurements, many of the variables chosen are often related to one another and can be explained by shared phenomena. This assessment of the existing literature allows us to assess how these measurement tools have been used, and how they can be refined in the future.
An overview of the current state of research in this field allows us to learn from the innovative ideas that have been developed so far and to discuss the next steps to be taken.
Impact Grid is a project to harness the potential offered by blockchain and other emerging technologies to design a transparent, secure and decentralized platform for Impact Investing.
Suzanne Smith, principal of Social Impact Architects, gives an overview of the Social Enterprise Alliance Summit 13 conference to SEA North Texas members and guests during a workshop held in June 2013 in Dallas.
Community Wealth Partners gave an overview of social enterprise at the Washington, DC Economic Partnership's Doing Business 2.0 seminar on Starting a Nonprofit (7/10/13).
Catalyzing Financial Services for Enterprising Nonprofits . A report of the CIBC Presents Entrepreneurship 101 Lived-it-Lecture featuring Jed Emerson held December 2, 2009, at MaRS.
MaRS Future of Medicine™ Anticipating a world in which pharmaceutical compani...MaRS Discovery District
MaRS Future of Medicine™
Anticipating a world in which pharmaceutical companies outsource all R&D.
Drug development: Skating to where the puck is.
Speaker: Dr. Aled Edwards
Per approfondimenti sullo sviluppo applicazioni Android: http://www.synesthesia.it/sviluppo-mobile-applicazioni-android-iphone-ipad-ios-web http://www.synesthesia.it/sviluppo-mobile-applicazioni-android-iphone-ipad-ios-web
Measuring social impact with Social return on investment (SROI) at Cogite Cogite coworking space
With the increasing debate about the social investment vs. philanthropic donations, organizations are under the pressure of reviewing the way they demonstrate the impact of their programs for multiple reasons.
SROI = Social Return on Investment – Methodology implemented is inspired by Social Value International. At its core, SROI is a measurement valuing both financial and non-financial outcomes. SROI quantifies and monetizes social impact in a clear and consistent way, enabling stakeholders to measure the achievement of social impact against three primary performance indicators, being appropriateness, effectiveness and efficiency.
The Social Capital Markets conference (SoCap09) in San Francisco clearly illustrated the tremendous interest we’re seeing internationally around how “money and meaning” can come together.
SiG@MaRS hosted a recap of the inaugural Social Capital (SoCap) Markets Conference held in October 2008 in San Francisco. Kerri Golden, Karim Harji, Michael Lewkowitz and Allyson Hewitt discussed the event, recent developments in the Social Finance marketspace, and the relevance of SoCap for Ontario and Canada.
The concept and the practice of Impact Investing—or the placement of capital with
intent to generate positive social impact beyond fi nancial return—have grown and
matured signifi cantly over the past fi ve years. In 2008, the Monitor Institute took stock
of the emerging industry and characterized it as being on the precipice of passing from
a stage of “uncoordinated innovation” into one of “marketplace building.” Since 2008,
the Rockefeller Foundation has sought to help build that marketplace as well as hold
it accountable for its social and environmental impact goals. We have helped to build
networks, develop social impact ratings and reporting standards, cultivate new and
larger intermediaries and contribute to research and enabling policy environments.
“Industry building” is not often the remit of foundations, but our rationale for doing
so was clear: a functioning impact investing industry has the potential to complement
government and philanthropy by unlocking signifi cant resources to address the world’s
most pressing problems and to improve the lives of poor and vulnerable people.
Four years later, and as part of our commitment to learning and accountability within
the Foundation and to our partners and stakeholders, we undertook an independent
evaluation of our work in this arena. In March 2012, we presented to our Board the
results of this evaluation, undertaken by E.T. Jackson and Associates. It highlighted
a number of early successes and remaining challenges, many of which will shape our
activities in the months and years to come. As part of its evaluation, E.T. Jackson also
undertook a global scan of impact investing activity over the past four years so that
we could assess our progress in relation to the evolution of the broader fi eld. We
believe the results of the scan will also be informative for a number of other current
and future industry participants, and we are proud to contribute it to the growing
body of evaluative knowledge and research in this fi eld.
It is clear from our evaluation and scan, and from the growing body of research on
impact investing, that there exists great momentum and inspiring leadership in this
dynamic fi eld. More signifi cantly, there are promising signs here that together we can
play an important role in bringing about a more sustainable, resilient and equitable
future for humankind. We are honored to work with all of you on this journey.
Accelerating Impact: Achievements, Challenges and What's Next in Building the...The Rockefeller Foundation
Accelerating Impact, a report prepared by E.T. Jackson and Associates and commissioned by The Rockefeller Foundation as part of a third-party evaluation of our Impact Investing initiative, provides one of the most recent and comprehensive scans of the global impact investing industry to date. The research is informed in part by insights from interviews with more than 100 impact investing leaders from 11 countries.
The report examines the evolution of the field over the past four years as well as its current status, reflecting that the field has moved decisively from a phase of “uncoordinated innovation” to one of sustained “marketplace-building.” The report concludes by offering recommendations to industry leaders regarding the challenges and opportunities that may lie ahead.
Country Analysis Australia Fintech Entry ConditionsColin Johnson
An political, economic and business analysis of opportunities and threats to financial companies entering the Australian market. Conducted by Colin Johnson and students from Canada, Germany and Spain.
Social Impact Ventures and Raising Capital: B Corporations and the Social Ven...MaRS Discovery District
There is a growing belief that businesses must do more than create value for shareholders. Non-profits and government cannot address current and future societal and environmental challenges without corporate involvement. If you are a startup looking to create value beyond profit, then you will want to learn about Certified B Corporations. This new type of corporation uses the power of business to solve social and environmental challenges. These types of certifications are ideal for raising capital from socially conscious investors.
Join us as Joyce Sou, Manager of B Corporations and Social Impact Metrics at the MaRS Centre for Impact Investing, discusses how Social Venture Connection (SVX) is helping capital flow for social impact ventures.
Participants will learn about the following:
What is impact investing?
What is a B Corporation?
How does SVX help B Corporations get investment?
World's First Artificial Intelligence Social Stock Exchange with AI, Strategi...Johnny Moi
Development & Implementation of the world's first Artificial Intelligence (AI) Social Stock Exchange with AI, Strategic, Technology & Global Standards Frameworks
ODA for Capacity Building in the Social Enterprise- and the SME-Sector in IndiaMartin Vogelsang PhD
Based on my long-standing experience as impact investor in India I would like to suggest that Official Development Assistance (ODA) coming into the country is disbursed more strongly towards capacity building (training, education) and supporting the incubation of viable social enterprises and inclusive businesses catering to the “Base-of-the-Pyramid”. Investing into this area of the Indian economy would not only help alleviate to poverty and at least partly solve some of the grave environmental problems the country is facing. Such an initiative could also help India’s corporate sector become more engaged in creating and scaling innovative solutions in the areas of technology or financial services that could open up new markets for them.
Supporting SMEs and the inclusive agribusiness innovation system in Southeast...Food_Systems_Innovation
On 7 March 2016, CSIRO and Palladium presented the key findings and opportunities identified through their their recent studies into inclusive agribusiness innovation patterns and trends and impact investing in inclusive agribusiness in southeast asia at DFAT canberra office. In particular, they talked about the need/opportunity to support the inclusive agribusiness innovation system through mechanisms such as an innovation support facility.
Don Tapscott's New Solutions for a Connected Planet - MaRS Global LeadershipMaRS Discovery District
In this new age of networked intelligence, collaborative communities are enhancing and even bypassing crumbling institutions. We are innovating the way our financial institutions and governments operate; how we educate our children; how the healthcare, newspaper, and energy industries serve their customers; how we care for our neighbourhoods; and even how we solve global problems.
From his latest book, (co-author Anthony D. Williams) Macrowikinomics: New Solutions for a Connected Planet, Don Tapscott presents groundbreaking innovations from every corner of the globe: how businesses, organizations and individuals alike are using mass collaboration to revolutionize not only the way we work, but how we live, learn, create and care for each other.
Measuring social impact with Social return on investment (SROI) at Cogite Cogite coworking space
With the increasing debate about the social investment vs. philanthropic donations, organizations are under the pressure of reviewing the way they demonstrate the impact of their programs for multiple reasons.
SROI = Social Return on Investment – Methodology implemented is inspired by Social Value International. At its core, SROI is a measurement valuing both financial and non-financial outcomes. SROI quantifies and monetizes social impact in a clear and consistent way, enabling stakeholders to measure the achievement of social impact against three primary performance indicators, being appropriateness, effectiveness and efficiency.
The Social Capital Markets conference (SoCap09) in San Francisco clearly illustrated the tremendous interest we’re seeing internationally around how “money and meaning” can come together.
SiG@MaRS hosted a recap of the inaugural Social Capital (SoCap) Markets Conference held in October 2008 in San Francisco. Kerri Golden, Karim Harji, Michael Lewkowitz and Allyson Hewitt discussed the event, recent developments in the Social Finance marketspace, and the relevance of SoCap for Ontario and Canada.
The concept and the practice of Impact Investing—or the placement of capital with
intent to generate positive social impact beyond fi nancial return—have grown and
matured signifi cantly over the past fi ve years. In 2008, the Monitor Institute took stock
of the emerging industry and characterized it as being on the precipice of passing from
a stage of “uncoordinated innovation” into one of “marketplace building.” Since 2008,
the Rockefeller Foundation has sought to help build that marketplace as well as hold
it accountable for its social and environmental impact goals. We have helped to build
networks, develop social impact ratings and reporting standards, cultivate new and
larger intermediaries and contribute to research and enabling policy environments.
“Industry building” is not often the remit of foundations, but our rationale for doing
so was clear: a functioning impact investing industry has the potential to complement
government and philanthropy by unlocking signifi cant resources to address the world’s
most pressing problems and to improve the lives of poor and vulnerable people.
Four years later, and as part of our commitment to learning and accountability within
the Foundation and to our partners and stakeholders, we undertook an independent
evaluation of our work in this arena. In March 2012, we presented to our Board the
results of this evaluation, undertaken by E.T. Jackson and Associates. It highlighted
a number of early successes and remaining challenges, many of which will shape our
activities in the months and years to come. As part of its evaluation, E.T. Jackson also
undertook a global scan of impact investing activity over the past four years so that
we could assess our progress in relation to the evolution of the broader fi eld. We
believe the results of the scan will also be informative for a number of other current
and future industry participants, and we are proud to contribute it to the growing
body of evaluative knowledge and research in this fi eld.
It is clear from our evaluation and scan, and from the growing body of research on
impact investing, that there exists great momentum and inspiring leadership in this
dynamic fi eld. More signifi cantly, there are promising signs here that together we can
play an important role in bringing about a more sustainable, resilient and equitable
future for humankind. We are honored to work with all of you on this journey.
Accelerating Impact: Achievements, Challenges and What's Next in Building the...The Rockefeller Foundation
Accelerating Impact, a report prepared by E.T. Jackson and Associates and commissioned by The Rockefeller Foundation as part of a third-party evaluation of our Impact Investing initiative, provides one of the most recent and comprehensive scans of the global impact investing industry to date. The research is informed in part by insights from interviews with more than 100 impact investing leaders from 11 countries.
The report examines the evolution of the field over the past four years as well as its current status, reflecting that the field has moved decisively from a phase of “uncoordinated innovation” to one of sustained “marketplace-building.” The report concludes by offering recommendations to industry leaders regarding the challenges and opportunities that may lie ahead.
Country Analysis Australia Fintech Entry ConditionsColin Johnson
An political, economic and business analysis of opportunities and threats to financial companies entering the Australian market. Conducted by Colin Johnson and students from Canada, Germany and Spain.
Social Impact Ventures and Raising Capital: B Corporations and the Social Ven...MaRS Discovery District
There is a growing belief that businesses must do more than create value for shareholders. Non-profits and government cannot address current and future societal and environmental challenges without corporate involvement. If you are a startup looking to create value beyond profit, then you will want to learn about Certified B Corporations. This new type of corporation uses the power of business to solve social and environmental challenges. These types of certifications are ideal for raising capital from socially conscious investors.
Join us as Joyce Sou, Manager of B Corporations and Social Impact Metrics at the MaRS Centre for Impact Investing, discusses how Social Venture Connection (SVX) is helping capital flow for social impact ventures.
Participants will learn about the following:
What is impact investing?
What is a B Corporation?
How does SVX help B Corporations get investment?
World's First Artificial Intelligence Social Stock Exchange with AI, Strategi...Johnny Moi
Development & Implementation of the world's first Artificial Intelligence (AI) Social Stock Exchange with AI, Strategic, Technology & Global Standards Frameworks
ODA for Capacity Building in the Social Enterprise- and the SME-Sector in IndiaMartin Vogelsang PhD
Based on my long-standing experience as impact investor in India I would like to suggest that Official Development Assistance (ODA) coming into the country is disbursed more strongly towards capacity building (training, education) and supporting the incubation of viable social enterprises and inclusive businesses catering to the “Base-of-the-Pyramid”. Investing into this area of the Indian economy would not only help alleviate to poverty and at least partly solve some of the grave environmental problems the country is facing. Such an initiative could also help India’s corporate sector become more engaged in creating and scaling innovative solutions in the areas of technology or financial services that could open up new markets for them.
Supporting SMEs and the inclusive agribusiness innovation system in Southeast...Food_Systems_Innovation
On 7 March 2016, CSIRO and Palladium presented the key findings and opportunities identified through their their recent studies into inclusive agribusiness innovation patterns and trends and impact investing in inclusive agribusiness in southeast asia at DFAT canberra office. In particular, they talked about the need/opportunity to support the inclusive agribusiness innovation system through mechanisms such as an innovation support facility.
Similar to SOCAP 2009: Trends, mandates and action steps required for the creation of a robust social capital marketplace (20)
Don Tapscott's New Solutions for a Connected Planet - MaRS Global LeadershipMaRS Discovery District
In this new age of networked intelligence, collaborative communities are enhancing and even bypassing crumbling institutions. We are innovating the way our financial institutions and governments operate; how we educate our children; how the healthcare, newspaper, and energy industries serve their customers; how we care for our neighbourhoods; and even how we solve global problems.
From his latest book, (co-author Anthony D. Williams) Macrowikinomics: New Solutions for a Connected Planet, Don Tapscott presents groundbreaking innovations from every corner of the globe: how businesses, organizations and individuals alike are using mass collaboration to revolutionize not only the way we work, but how we live, learn, create and care for each other.
SR&ED: What you need to know about the changing landscape - MaRS Best PracticesMaRS Discovery District
The Scientific Research and Experimental Development (SR&ED) tax incentive program provides support in the form of tax credits to groups or individuals conducting scientific research or experimental development in Canada.
Some significant changes are on the way as a result of the last federal budget. See how these new rules could affect you!
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
SOCAP 2009: Trends, mandates and action steps required for the creation of a robust social capital marketplace
1. SOCAP 2009: Trends, Mandates and Action Steps required for the creation of a robust social capital marketplace Presented by: Tim Draimin Adam Jagelewski Jennifer R. White 1
2. the momentum builds.... 2 SOCAP 2009 White House Office of Social Innovation and Civic Participation Inclusive participation of capital markets Scale of Social Enterprises Measurement as a means to evaluate social and financial impact SOCAP and Canada The industry continues to create structure and measurement systems with the explicit goal of creating an industry of accountable, sustainable and measured social enterprises that invites capital markets involvement
3. “We need an Obama!” US innovation in a Canadian Context 3
4. the momentum builds.... 4 SOCAP 2009 White House Office of Social Innovation and Civic Participation Inclusive participation of capital markets Social Enterprises and creation of value Measurement as a means to evaluate social and financial impact SOCAP and Canada The industry continues to create structure and measurement systems with the explicit goal of creating an industry of accountable, sustainable and measured social enterprises that invites capital markets involvement
5. We missed an opportunity.. It’s amazing that the average portfolio is down close to 30% while some microfinance opportunities are average a return of 7%-15% yet investors are going back to the same advisors – WHY? - Jed Emerson, Uhuru Capital Management 5 Attracting institutional investment…The supply side
6. Attracting institutional investment…The supply side 6 SOCIAL ENTERPRISE SPACE The social capital market has continued to evolve in financial structure and product set, encouraging increased investment but more work is needed.
7. Mark Cheng on Leveraging Philanthropic Dollars 7 Play Video >
8. the momentum builds.... 8 SOCAP 2009 White House Office of Social Innovation and Civic Participation Inclusive participation of capital markets Social Enterprises and creation of value Measurement as a means to evaluate social and financial impact SOCAP and Canada The industry continues to create structure and measurement systems with the explicit goal of creating an industry of accountable, sustainable and measured social enterprises that invites capital markets involvement
9. How Can We Build the demand for social capital investment ? 9 We would be better off as an industry if we rid ourselves of the non profits that do not demonstrate impact; and better off if we rid ourselves of investors that don’t invest in the best possible way for impact - Kevin Starr, Mulago Foundation
10. How can Social Enterprise encourage capital investment? The Demand Side An investment review.. Would you invest in a business or social enterprise that did not demonstrate results and impact clearly? Accountable, Measurable Social Enterprises & Failure Current State of Social Sector What is needed Business Acumen Rigor & Analysis 10
11. David Green: A Social Perspective on Business Acumen 11 Play Video >
12. the momentum builds.... 12 SOCAP 2009 White House Office of Social Innovation and Civic Participation Inclusive participation of capital markets Social Enterprises and creation of value Measurement as a means to evaluate social and financial impact SOCAP and Canada The industry continues to create structure and measurement systems with the explicit goal of creating an industry of accountable, sustainable and measured social enterprises that invites capital markets involvement
13. What is Impact and how do we measure our results? 13 Metrics are the carbon of the social impact ecosystem and the policy environment is the oxygen - Lucy Bernholz, Blueprint R&D
15. SoCap’s response: Advancement in this complex space… 15 Global Impact Investment Network (GIIN) Tools and Resources for Assessing Social Impact (TRACI) Impact Reporting and Investment Standards (IRIS) B Corp Pulse Outcome Dashboard SROI
16. Traditional Approach, New Language Investors seek out new opportunities for investments, new ways to cultivate opportunities 16
17. Traditional Approach, New Language Investment decisions are predicated on the availability of research and information 17
21. Traditional Approach, New Language Investors assume the standards and trust the ratings because the fundamental tools and management systems are in place to collect and report data 21
25. What does this Mean for Canada?Brainstorming Opportunities
26. What does this Mean for Canada? Key Takeaways and Next Steps Collaboration Participation is increasing in the emerging social finance movement in Canada Policy change is critical Social Task Force Change – not-for-profit Social finance is response to important dynamics of change Change – for-profit
Intro slide with focus of SOCAP 2008 in the recession until now – movement towards more capital injection, people, Walk through agenda with the final point being that we as Canadians got together seeking to place structure and framework around the Canadian mandate.
The US White House Office of Social Innovation and Civic Participation Opening remarks ( explain using two points); focus on 3 person team and the continued focus on partnership not a top down approach. GovernmentGovernment as an enabler - Measurement & DataProven outcomes with common principlesIncentives Canada – government has made an effort with leadership but yet will have intermediaries to distribute funds = PARTNERSHIP Ie- we don’t want this to look like the health care system. OVERALL – government can be aligned but up to individual actors to create policy change and create a dynamic marketplace.
Now that we have explained the top town approach we are moving towards government involvement. Let us move towards the next layer – the institutional capital markets and their increased participation.
Jed’s quote ( quick plug for December 3rd), as the government involves itself to become a convener and partner. How are the markets reacting? What change has taken place since the bottom of the recession? Canada? Humanizing capitalTailoring finance structures, relationships and partnerships that produce better deals for low-income/disadvantaged people (David Green – Ashoka)Philanthropy vs. Investment capital Discrepancy between philanthropy and investment capital is disappearing - desire for sustainable funding - longer term view and investment partnering - leverage other capital pools
Discrepancy between philanthropy and investment capital is disappearing Classic Market Assumptions are less obvious Co Creation - Philanthropy as an investment class; can be used as first loss capital Creation of financial products that encourage mainstream participants Mark Cheng & his remarks at the SOCAP Canadian Day ( More focus on infrastructure More transparency Emphasis on value creation and valuation techniques Market Assumptions - Models are clear, subsidies for small businesses, value is easy to identify, Modern Portfolio theory has all of the answers for Risk and Return
Now that we have explained the top town approach we are moving towards government involvement. Let us move towards the next layer – the institutional capital markets and their increased participation.
Too many non-profits can not demonstrate their value; capital is not used effectivelyUnderperforming non profits, little collaboration, no effective measurement and severe funding limitations Reliance on Government Funds for mission fulfilment Need to create reliable business models that can scale FAILUREGood to Great – Social Sector: encourage business acumen, speak social languageDavid Green Video Clip Scale and move forward – failure/ 80% businesses fail yet not part of our language or system
Noted consultant for many of the top foundations in the US and analyst of the philanthropic industry. She is founder of a strategy consulting firm specializing in research and design for foundations. Nearly every panel in some way brought up the need to increase transparency and credibility in how organizations define, track, and report on the social and environmental performance of their investments - whether they be in nonprofits or for-profits
Metrics are not used to evaluate organizations and make knee-jerk reactions to the results. They are used to determine whether an organization will be able to have a sustained valuable impact and scaled social change capabilities.
Introduce measurement and standards world but not important to get bogged down in the details and acronymns. Important is the vision and similarities to traditional investment world. Important to understand how metrics and evaluation related to the flow of capital into social capital markets and the necessity for enterprise to demonstrate valueInvestors are looking for social impact but are not prepared to deal with detailed metrics and social analysisSara Olsen – there is no easy answers. Metrics/measurement is an uncomfortable discussionThe process: innovation risk rewardThere needs to be a clear value proposition for impact measurement – until then, it will feel very chaotic (Sara Olsen SVT)As impact investment increases in take-up, so does impact measurement scrutiny and fragmentation between players in the sector
Transition to Canada Day – Summarize: work in progress, accept challenges, accept timeframes. As impact investment increases in take-up, so does impact measurement scrutiny and fragmentation between players in the sector
Collaboration – socialfinance.ca and national working groups Social task force – group of business leaders to champion a team working to provide tactical recommendations to advance social environment and financial returns on investment Change – nfp – introduce and embrace more diversified, sustainable and resilient business models Change – fp – principle mentality shift to seek out investments that will produce social and/or environmental returns as well as financial Identify Causeway involvement for all takeaways