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Social credit sytem
1. The document proposes a system called Social Credits that aims to channel funding, consumer spending, and social recognition towards social enterprises. 2. Social Credits could be earned through donations, consumer purchases from social enterprises, blogging/sharing about social causes, and voluntary work. 3. The system would create an alternative currency called Social Credits that represents $1 of investment in social enterprises. This could crowd fund projects and create demand for social enterprise products and services. 4. The goal is to build a self-sustaining ecosystem that stimulates more funding, awareness, and support for social enterprises through the gamified distribution and use of Social Credits.
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Social credit sytem
- 1. Social Credits “The currency for doing Good” Asia Pacific DealFlow Ltd 1703 Infinitus Plaza, 188 Des Voeux Rd Central Hong Kong
- 2. Serial Entrepreneur TIE Mentor TEN member Cocoonian Startups E-‐Finet.com (8317.hk) ForRtude SecuriRes New Media Research Career Thomson Financial SBC Warburg Offshore Banking Family Office mgmt. About Me download Tony Cha’s career bio
- 3. Good Deeds Charity and Philanthropy Volunteer Work Responsible Consumerism Social AcRvism
- 4. 1. Social Impact Poverty Environment Community Health
- 5. 2. Inner Values Blessings Karma Niyyha ( Fu Qui 福气)
- 6.
- 7. Channeling good deeds via Social Enterprises to create value VALUE Inner RecogniRon Impact DEEDS AcRvism Volunteer DonaRons Investments Money $ Other For Profits Non-‐profits ChariRes Social Enterprises
- 8. Social Enterprises –issues • Lack of funding (donation, loan, equity) • Product demand (for products and services) • Public Awareness (campaigns) TECHNOLOGY Gami?ication E-‐commerce Loyalty systems FINANCE Alternative Currency Crowdfunding Monetary Economics ISSUES SOLUTIONS Source: Challenges and What’s Next in Building the Impact InvesRng Industry, Rockefeller FoundaRon
- 9. Social Enterprise Eco-‐System FUNDING CONSUMER RECOGINITION VOLUNTEER ACTIVISIM
- 10. Consumer Social Enterprise SC Fund SE Credits A currency for doing good Funder Social Enterprise SC Fund Funding AcRvist campaigning AcRvist Voluntary work Social Enterprise SC Fund ConsumpRon SOCIAL CREDITS SOCIAL CREDITS SOCIAL CREDITS 1US$ per SC 1Oc per SC Market price 5c per SC Voluntary – market rates 10 SC per blog 1SC per post 10c per SC
- 11. 1. Crowdfunding Not equity or loan Not rewards based Funding for Social Credits 1 Social Credit = 1$ of investment SOCIAL ENTERPRISES SRmulaRng funding for social enterprises FUNDERS A way to reach to the mass retail investors via heart to wallet RecogniRon for doing good
- 12. Entrepreneurs Investors, AcRvists Social Enterprise Groups Crowdfunding : (system already in place) Entrepreneurs, Investors, Mentors and & Advisors, Service Providers Any type of business, company or organizaRon Private Groups, clubs and associaRons, local angel groups, VC firms
- 13. 2. Consumer (E-‐commerce) e-‐commerce cart An EBAY of Social Enterprise Products RESPONSIBLE CONSUMERS Spend your social credits (air miles, loyalty programs) SOCIAL ENTERPRISES Creates a demand for their goods and services
- 14. 3. Campaigning (social media) • Few will fund, but many people will get involved in other capacity. • BLOGGING • SHARING • VOLUNTARY WORK
- 15. 4. Social RecogniRon GAMIFICATION of Social Credits Leader Boards Achievements and Awards Social Credits stores wealth and measures status Hoarding of Credits ?
- 16. A Banking system for Good ? Social Credit Fund Social Enterprises Funders/ Consumers Social Enterprises Funders Consumers AcRvists Social Enterprises SEF A social credit based economy Social Credits Issue and RedempFon Offer SC Trade SC Reward SC
- 17. Social Credit System Social Credits Funding Direct Impact ConsumpRon Goods and Services Demand for Social Credits Awareness AcRvists Volunteers Evangelists Secondary SFmulus Secondary SFmulus
- 18. Interested – Get involved ! • Rockefeller FoundaRon Impact Challenge – USD$ 100,000 grant prize business plan – 12 days lej • TEAM – Board of Advisors – Team ( entrepreneurs) • Social Enterprise • Investors and Funders
- 19. FUNDING CONSUMER SOCIAL RECOGINITION AWARENESS INVOLVEMENT Thank You ! Asia Pacific DealFlow Ltd Registered address : Suite 1703 Infinitus Plaza 199 Des Voeux Road Central Hong Kong Tel +825 2570 1161 Fax +825 3020 1086 info@apstartup.cm
- 20. References • Equity crowdfunding in Europe hqp://www.crowdsourcing.org/editorial/a-‐cloudy-‐forecast-‐equity-‐crowdfunding-‐in-‐europe-‐part-‐1/20692 • Building a Virtual Economy • hqp://www.slideshare.net/maqmcallister/building-‐a-‐virtual-‐economy • Social Gold • hqp://www.slideshare.net/socialgold/social-‐gold-‐how-‐to-‐launch-‐your-‐own-‐currency