The document summarizes key takeaways from a UK social innovation policy tour organized by Social Innovation Generation (SiG). It discusses social finance, public policy, culture and enabling environment, and actions to support social innovation. The tour explored models of social finance, social enterprises, public programs and advocacy groups that have helped advance social innovation in the UK.
Social Finance and Impact Investing in CanadaKarim Harji
Presentation at OISE - November 21, 2012
• An overview of the state of social finance and impact investing across Canada
• An analysis of why Canada is well positioned to become a leader globally
• A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
The Social Innovation Generation program at MaRS (SiG@MaRS) has been offering programs and services for social innovators and social entrepreneurs for over a year now.
Find out what has been done; what programs and services are available to help you advance your social purpose efforts, and join SiG@MaRS in planning for the future of the program.
More information: http://www.marsdd.com/mars/About-MaRS/Partners/sig.html
Social Finance and Impact Investing in CanadaKarim Harji
Presentation at OISE - November 21, 2012
• An overview of the state of social finance and impact investing across Canada
• An analysis of why Canada is well positioned to become a leader globally
• A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
The Social Innovation Generation program at MaRS (SiG@MaRS) has been offering programs and services for social innovators and social entrepreneurs for over a year now.
Find out what has been done; what programs and services are available to help you advance your social purpose efforts, and join SiG@MaRS in planning for the future of the program.
More information: http://www.marsdd.com/mars/About-MaRS/Partners/sig.html
Knowledge production is moving from creation by individual specialists to creation by communities of practice. Peer partnerships between ICT companies and “local” organizations — powered by “people software” -- are defining a new path toward increased competitiveness for developing countries. http://www.cisco.com/web/about/ac79/docs/ps/BoSE_IBSG.pdf
These slides do given a first introduction to the topic what is social business, which approaches are there and then describe the 5 Types of Social Business .
They are taken from my lecture at the FH Kufstein on Social Business Plan making. For more information on Social Business please visit my website: http://www.monon.eu/en/social-business/
Social entrepreneurship verses Business EntrepreneurshipFRANCIS BUKENYA
Social entrepreneurs are practical visionaries who possess qualities traditionally associated with leading business entrepreneurs – vision – innovation – determination and long-term commitment – but are dedicated to a systematic social change in their chosen field.
What is social enterprise nccu cedi presentationJeff Stern
This is a presentation on social enterprise for nonprofits, to be given April 9th at "Marketing Strategies: Tools for Nonprofits and Social Enterprises," a free half-day workshop hosted by The NCCU Community Economic Development Initiative. Registration is free and more info is available at http://nccunonprofit.org/about.html
"Goal Setting in Social Entrepreneurship" is from the lecture session that Syed delivered during the Social Entrepreneurship Development Programme for Youth in Assam Rajiv Gandhi University of Cooperative Management, Sibsagar, Assam.
Knowledge production is moving from creation by individual specialists to creation by communities of practice. Peer partnerships between ICT companies and “local” organizations — powered by “people software” -- are defining a new path toward increased competitiveness for developing countries. http://www.cisco.com/web/about/ac79/docs/ps/BoSE_IBSG.pdf
These slides do given a first introduction to the topic what is social business, which approaches are there and then describe the 5 Types of Social Business .
They are taken from my lecture at the FH Kufstein on Social Business Plan making. For more information on Social Business please visit my website: http://www.monon.eu/en/social-business/
Social entrepreneurship verses Business EntrepreneurshipFRANCIS BUKENYA
Social entrepreneurs are practical visionaries who possess qualities traditionally associated with leading business entrepreneurs – vision – innovation – determination and long-term commitment – but are dedicated to a systematic social change in their chosen field.
What is social enterprise nccu cedi presentationJeff Stern
This is a presentation on social enterprise for nonprofits, to be given April 9th at "Marketing Strategies: Tools for Nonprofits and Social Enterprises," a free half-day workshop hosted by The NCCU Community Economic Development Initiative. Registration is free and more info is available at http://nccunonprofit.org/about.html
"Goal Setting in Social Entrepreneurship" is from the lecture session that Syed delivered during the Social Entrepreneurship Development Programme for Youth in Assam Rajiv Gandhi University of Cooperative Management, Sibsagar, Assam.
2009 Canada to UK Study Tour: Slide Deck PresentationJoanna Reynolds
In March 2009, a group of Canadian leaders went to the UK to learn about common practices in Social Enterprise and Social Innovation. This Slide Deck is part of the report back.
The Netherlands is facing public sector cuts in a similar way to the Uk has already experienced. This presentation was given to a public sector conference in Utrecht focused on \’new financial mechanisms\’ and illustrating innovative models from the UK
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.
Financing the growth of successful social enterprisesSorosaFonds
Presentation by Jonathan Bland, Social Business International at the Social Entrepreneurship Forum in Riga on November 8-9, 2012 For more information visit: http://sefriga.lv/
Workshop given at the Willamette Valley Development Officers Annual Conference May 17, 2012.
Helping nonprofits to think strategically using a venture philanthropy mindset
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
4. Tour Organizers
The primary aim of SiG is to encourage effective methods of
addressing social problems on a national scale.
The activities of SiG serve to facilitate the exploration of structural,
institutional and systemic evolution in order to promote broad system
change.
A national collaboration to fast-track Canada’s adoption of social
finance.
Part broker, part incubator, part think-tank, part consultancy, Volans
works globally with entrepreneurs, businesses, investors and
governments to develop and scale innovative solutions to social and
environmental challenges..
Volans is based in London and Singapore. www.volans.com
4
5. Canadian Participants
Nino Antadze Dr. Carin Holroyd
PhD candidate, School of Planning, University of Waterloo Department of Political Science, University of Waterloo
Richard Blickstead Jaqueline Koerner
CEO Wellesley Institute Chair, EcoTrust Canada
Tim Brodhead Bayla Kolk
President and CEO, J.W. McConnell Family Foundation Associate Assistant Deputy Minister, Income Security and Social
Development, HRSDC
Lee Davis Sean Moore
President and CEO VanCity Capital SiG Fellow
Tim Dramin Tony Nimeh, MD
Executive Director, SiG National Consultant
Patricia Else Joanna Reynolds
Director, Grant Operations, Ontario Trillium Foundation Program Coordinator, Causeway SiG National
Al Etmanski Judy Rogers
President and Co-Founder PLAN Chair, 2010 Legacies Now Board of Directors
Don Fairbairn Dr. Frances Westley
President, DCF Consulting Director,SiG Waterloo, J.W.McConnell Chair in Social Innovation
Lois Fine Andrew Wharton
Director of Finance, YWCA Special Advisor, Disability Services, BC
Gordon Floyd Faye Wightman
Executive Director and CEO, Children’s Mental Health Ontario President and CEO Vancouver Foundation
Allyson Hewitt Donna Thompson– tour observer
Director, Social Entrepreneurship, MaRS, SiG@MaRS Special Advisor, PLAN Institute 5
6. Connecting Ideas and Concepts
Culture of Social
Innovation
Social Finance Public Policy
Social
Social Enterprise
Entrepreneurship
7. Key Definitions
Social • An organization or venture (within an organization) that
advances a social mission through entrepreneurial, earned
Enterprise income strategies. ~Social Enterprise Alliance
• Social innovation is a complex process of introducing products,
Social processes or programs that profoundly change the basic
routines, resource and authority flows or beliefs of the social
Innovation
system in which they arise. Such successful social innovations
have durability and broad impact. ~ Dr. Frances Westley
• An entrepreneur who engages in business seeking
Social
both financial and social return ~ PFC (Philanthropic
Entrepreneurship
Foundations Canada)
7
8. Key Definitions – Social Finance
Social Finance is the flow of financial capital
to human need uses:
Charity and
• Affordable Housing Non-profit
• Social Enterprise
• Support for working families
• Health & Home Care Hybrid
• Community Development Space
• Social Economy
• Clean Technology
• Microfinance Business Government
• Fair Trade
• Green Building
• Education
• Bottom of the Pyramid
source: market sector listing adapted from www.xigi.net)
10. Creating Social Finance Solutions
Venturesome
Venturesome is not a bank, nor a granting organisation - it provides
underwriting/stand-by facilities, unsecured loans and equity and quasi-equity
3 models of social enterprise
1. Profit Generator – goal to get profit and give some (or all) away to charity (Patagonia)
2. Trade Off Financial and Social Returns - activity has social impact, but needs to trade off between
financial and social impact (ie, The Hoxton)
3. Lock-Step – no trade- off between social and financial impact - if one side goes down, the whole
organisation does (ie. community wind farms)
• Responding to issues in the third sector – charities are undercapitalized with weak balance sheets and a
‘donor’ culture rather than an ‘investor’ culture
• Provided £12m to 200 organisations, with a default rate of less than 5%
• Current fund is £10m with banks, foundations and HNW individual investors
• Exploring the ‘negative return’ spectrum
- 100% - 15% 0% + 8%
Grant-makers Capital-protected Market-rate return
10
Courtesy of Paul Cheng at Venturesome
11. Social Venture Capital Models
Bridges Ventures
• Currently running 2 Community Venture Funds (Bridges CDV1 is a £40m fund
and Bridges CDV2 is a £75m fund) with investments focussed on delivering a
financial and social return.
• Investment focussed on under-invested inner city areas of London
• Reports to investors include the social impact as well as the financial and
economic progress of investments
• Exits are flexible – trade sale, float or manager buy-back
• November 2008 launched the £4.25m Social Entrepreneurs Fund – a charitable
trust which invests in scalable social enterprises delivering high social impact
Portfolio Company Example – THE GYM
• No-frills, clean gyms with good equipment, open 24 hr/day
•Located in lower income communities
• £14.99/month with no contracts
•Social benefit (providing health benefits to lower income communities) and
financial benefit to investors (company is expanding)
11
12. The Role of Banks
Triodos Bank Opportunity Fund
• Triodos Bank only finances enterprises with which add social, environmental and
cultural value - using finance and capital to fuel social change
• €3.5 Bn with operations in 5 EU countries
• Involved in the Global Alliance for Banking on Values Banking
• Triodos’ Opportunity Fund looks to return a profit to LPs through investment in
social enterprises – providing both funding and support as they grow
The biggest problem is deal flow....
12
13. Financing Social Businesses
Catalyst and ClearlySo
• Catalyst has 4 areas of activity; Fund Management, Information and Research,
Advisory Services and Events.
• ClearlySo is an online marketplace for social business, enterprise and
investment.
• In creating a legal structure for a social enterprise be critical of models such as
CICs and aware of what would work in Canada based on its unique culture
• Similar to mainstream VC – big. returns are needed in some investments to
offset the risk and inevitable losses in others
It's a business that integrates commercial objectives
(growth, profits) with a social, ethical or
environmental one
Looking for scale and high return – is this possible in Canada? 13
14. Social Finance Support Systems
The UK marketplace also contains many social finance INTERMEDIARIES
Investment Corporate
Bank Finance
Social Finance Ltd Catalyst
Research Legal
Guidestar
Structures
Ashoka Social CIC’s
Enterprise
Growth
What systems exist in Canada?
14
15. Building & Applying Financial
Tools
Social Finance Ltd.
• Action- research projects focused on applying tools and
expertise of investment banking and other financial sectors
to social finance and the third sector
Projects include:
o Social Investment Bank - per recommendations from the
Commission on Unclaimed Assets (approx value of
Canadian unclaimed assets is $300m)
o Savings/loan Vehicle for those with disabilities (like the
RDSP in Canada)
o Social Impact Bond (financial derivative) ie. looking at ways
of reducing reoffender rates and calculating the value in
social and financial terms
Lessons from UK: Strategic conversations need to be nonpartisan to remain
relevant in the long term 15
16. Mission Based Investment
Guidestar International and F. B. Heron Foundation
• F. B. Heron Foundation is a $350m foundation where the corpus is put into
action by deploying the endowment into mission related investment without
conceding returns
• Limitations exist in Canada on missions based investing
• Guidestar International is an online service which provides details reports
on CSOs (civil society organisations) to improve their visibility to those who
support their work
• Create competition for the philanthropic dollar (disappointing to see no
other foundations making a play for Buffet’s gift to the Gates Foundation)
• Business model involves partnering with foundations and other grant-makers
• Some of the leg-work completed in Canada and system uploaded with CRA
data – would cost $250K/yr to run it
Guidestar International is looking for partnerships
16
17. Building Speciality Legal Structures
for Social Enterprises
BWB LLP
• Under British Law tax relief exists for charities, but not social enterprises
• Need new kind of company- Community Interest Company (CIC)
• 2,628 CICs established in 3.5 years
Key Elements of CIC legal structures
• Founder control of social enterprise
• Asset-Lock which prevents privatization
• Allows for financing through debt (secured or unsecured) or equity (share issuance
permitted with dividend cap with a maximum annual dividend, 5% above base rate,
total 35% net distributable profits)
• Allows for payment to directors
Issues that need to be addressed to improve CIC structures
• Explore tax break effects in to encouraging investment (charities and high growth companies
receive this consideration)
• Only CICs limited by shares can use debt AND equity – those limited by guarantee can only use
debt financing
17
18. Legal Structure Basics
What is an appropriate legal structure?
What is CIC?
Community interest companies (CIC) are a type of limited company designed specifically for those
wishing to operate for the benefit of the community rather than for benefit of owners of the company..
CICs can be limited by shares, or by guarantee, and will have a statutory “Asset Lock” to prevent the
assets and profits being distributed, except as permitted by legislation. This ensures the assets and profits
are retained within the CIC for community purposes, or transferred to another asset-locked organisation,
such as another CIC or charity.
What is an L3C?
L3C'sare low-profit limited liability corporations, which function via a business modality that is a hybrid
legal structure combining the financial advantages of the limited liability company, an LLC, with the
social advantages of a non-profit entity. An L3C is run like a regular business and is profitable. However,
unlike a for-profit business, the primary focus of the L3C is not to make money, but to achieve socially
beneficial aims, with profit making as a secondary goal.
What is the Community Enterprise Act?
Sector leaders in Canada are exploring the creation of a legal structure, learning from CIC and L3C models.
Each model has its pros and cons...what is right for Canada? 18
19. Financial Stakeholders in Canada
Charitable
Foundations
Endowments
Mainstream Banks Private Companies
Financial Federal and Provincial
Pension Funds
Stakeholders Government
High Net Worth
Insurance Companies
Individuals
SIO & SRI Mutual
Credit Unions
Funds
How do we engage and connect the individuals in these stakeholder groups?
What is he role of crowd sourcing and micro-investors? 19
21. Enabling Public Policy
The UK civil society contains many successful ADVOCATES and ASSOCIATIONS
• Social Enterprise Coalition provides research and awareness programs and
is proactively developing relationships with both political parties
• The National Council for Voluntary Organisations (NCVO) provides the
support and voice for the voluntary and community sector
The UK has an OFFICE OF THE THIRD SECTOR
• Created in 2006
• Sits within Cabinet with its own minister, Kevin Brenn an
• Pros and Cons to placement in central government
The Third Sector includes voluntary and community groups, social
enterprises, charities, cooperatives and mutuals
Which government body, advocates and associations do we need in Canada?
21
22. Public Policy in the UK
Office of the Third Sector
• The ‘Third Sector’ includes charities, social enterprises, voluntary organisations - there are
135,000 registered charities and 55,000 social enterprises
• Established in 2006, The Office of the Third Sector is located in Cabinet Office, has its own
minister, Kevin Brennan, and £550m spending review package
• Proximity to central government has its advantages (high profile, access to key players) and
disadvantages
• Right to Request’ program where public service professionals can start social enterprises
and guaranteed a 3-5 year government contract
Four key aims
1. Campaigning and Empowerment, especially those at risk of social exclusion
2. Strengthening Communities, providing funding and convening people
3. Transforming public service delivery, design, innovation and campaigning
4. Enabling the growth and development of social enterprises
Recommendation from the UK: be in central government, have a tie to treasury
and balance policy development with programme delivery 22
23. Government Programs
Funding services
Rosemary Mitchell – Futurebuilders
Futurebuilders provides loans and grants to the Third Sector £250m fund
• Set up by Home Office with funds sitting partially in this office and
partially in the treasury – commercial agreement with a fund manager
3 investment KPIs
1. # of public service delivery contracts
2. funding dispersal within 2 years
3. customer satisfaction (2008 rating 85%)
• +300 investments, mostly healthcare, education and children
• In addition to funding, also provides professional support (finances,
contracts...)
• Recently awarded £100m DOH fund contract in consortium with
Partnerships UK
What role should government play in creating social capital markets? 23
24. Success Snapshot- Homelessness
Community and Local Government (CLG)
• Government's Housing initiatives include help
with home ownership, reducing homelessness
and tackling anti-social behaviour
• Key is PREVENTION - from which ideas and
initiatives emerge
• Success measured against targets set in 2003
Metric 2003 2008
Statutory homeless (new cases/yr) 137,000 57,000
Temporary accommodation backlog 100,000 67,000
Rough sleepers 1500 499
What kind of initiatives drive these kind of results?
24
26. Culture and Enabling Environment
Program Type UK examples CAN examples
Teaching social School for Social ENP , MaRS
entrepreneurship Entrepreneurs (SSE) Entrepreneurship 101,
Supporting entrepreneurs Unltd. MaRS, George Brown
Galvanizing social Challenge fund McConnell, CSI, SiG
innovative thinking members
Public awareness Social Enterprise Coalition Social Entrepreneurship
(SEC) Ambassadors Summit
Celebrations Social Enterprise Week SES, ENP Awards
Youth engagement Make your Mark with a Canadian Youth
Tenner Business Foundation
Support and networks The Hub, SEC Causeway
Mentorship SSE MaRS
Paired research and The Young Foundation Waterloo, Carleton 3Ci,
network support LaunchPad UBS CSSI,
What programs are needed in Canada? 26
27. Advocacy and Awareness Programs
Uniting the networks to form a coalition
Social Enterprise Coalition
• Language of social enterprise still contested – golden thread
is that an organisation trades for a social/environmental
purpose
• Formed in 2003, today 20 staff and £2m turnover
Ambassadors and ‘Voice’ Conference
Social Enterprise Coalition has 3 key activities
1. Awareness/Promotion: media, events and ambassador program
2. Best Practice Research: case studies, ‘how to’ guides and training materials
3. Inform Policy Agenda: advocating for a strong culture for social enterprise
• Key programmes include Social Enterprise
IDEA! Evolve current social enterprise networks into a structured coalition
27
28. Social Innovation
Public services for public benefit
NESTA
• NESTA (National Endowment for Science Technology
and the Arts) – endowment of £300m focussed on
‘radical’ innovation (rather than ‘incremental’
innovation)
• Looking at the incentives that can motivate radical
change – ie challenge grants
• New initiative is ‘The Lab’ which fosters innovation in
public service by bringing together people from the
public, private and third sectors to collaborate on
practical projects
What programs from NESTA work and should be replicated in Canada?
What opportunities exist? 28
29. Supporting Entrepreneurs
Encouraging social entrepreneurship
Unltd.
• Unltd. is a support program from social entrepreneurs (not enterprises) and founded
with a £100m endowment fund from Millennium Awards Trust
• Works with 1000+ social entrepreneurs and spend £7.5m per year
• 3I’s : INVEST in INDIVIDUALS with IDEA
Provides 3 different levels of awards:
• L1: £500 - £5K – focuses on first steps building entrepreneurial capacity
• L2: up to £15K - focuses on freeing up individuals’ time to develop project
• L3: up to £20K - focuses on replication and scaling up
• Partnership with Bridges Ventures connected to investment readiness
• Youth programs include Unltd. Sport Relief (funding young people to develop ideas to
reduce social conflict) which work because of freedom & structure, trust the people and
run by young people for young people
• Unltd. World –www.unltdworld.com - 9000 members (3/4 active) includes real-time data
mapping, community building and marketplace
Unltd. is rolling out globally – is Canada interested in a partnership?
29
30. Innovation Foundation
Applied Research and Incubation
The Young Foundation
• Focussed on building the field of social innovation –
systematically encouraging it by developing ideas, working
with local agencies and developing scale strategies
• Founded by Mel Young ‘success rate of social enterprises is
1/10’
• Programs include:
• Health Launchpad – provides funding and support for
health related innovation (in partnership with NESTA)
• Language Line – providing translation services for
public service
• Plan my Care – provides help to the elderly in
accessing programs designed specially for them
What programs can be replicated in Canada?
30
31. Teaching Social Entrepreneurship
School for Social Entrepreneurs
• School for Social Entrepreneurs provides training to social
entrepreneurs – currently approx 40 students with another 7
schools in the UK
• Focus on small group action-learning and runs once a week
for a year with courses including ‘expert witness’, ‘project
visit’ and ‘peer learning’
• Cost is £8500 with bursaries and subsidies available
Charles Takawira Max Graef
www.healthcarelink.org www.radioactive.org.uk
A not-for-profit, community investment organisation which RadioActive provides complete technical services,
recovers and redistributes surplus medical supplies and equipment and training to communities and NGOs
equipment ,with a dedication to a three-fold mission of around the world, to help them build and run
environmental stewardship, job opportunity creation for the community radio stations and recording studios
marginalised, and improving health in Africa.
Entrepreneurs have the ability to see opportunity and drive change
31
33. Outreach Engagement Strategy
What kind of Outreach is necessary?
Financial Stakeholder
Causeway Strategy
Public Policy
ON
Strategy
All Policy
Tour
Participants Program
BC
Strategy
Overall Communication
Research
Strategy
Through outreach we can educate investors & policy makers on national and
regional levels 33
34. Study Tour Actions - Finance
Resilient Capital BC
Social Capital Pilot Fund
OSVC, ON
Capital Market Instruments Causeway and Other
Social Impact Bonds
Regional Actors
Social Capital Funds
Enabling Infrastructure Policy Tour
Funder Communities
Feasibility Studies Participants
finance services, back office for funds and SiG
Legal Structure Working Grp BC Centre for social
exploring CIC and L3C models enterprise
Regulatory Reform Working Grp Casuseway Working
foundation reforms, tax policy Group
Key Step: Getting tour participants involved in ACTION
34
35. Structure and Reform
Two big issues for working groups to tackle
Issues to Address:
Legal Structure
• Designing and advocating for a legal structure for Canada
• Pros and cons of CIC and LC3
• Provincial and Federal actions need to be activated
Regulatory Reform (Foundations and Taxes)
•Revising and advocating for improvement of regulations for foundations
• CRA and PRI guidelines for foundations
• Exploring how tax levers might support investment in social innovation
and social enterprises
Key Step: Convene a high profile working group
35
36. Study Tour Actions – Policy
Finding the right innovation policy catalyst
Social Innovation Public Policy Sean Moore, SiG National
Catalyst Working Group (Tim Draimin), Al
Etmanski
Federal: Sean Moore and
Causeway
Self Organized - Policy coalitions Provincial: BC (Al)
targeted by ON and BC ON (Allyson Hewitt)
Interested Tour Delegates
Key Step: Getting tour delegates involved in ACTION
36
37. Policy Catalyst Working Group
Reflecting public benefit through government
Key Issues to Address
What is an appropriate policy catalyst?
•Creation of a social innovation ministry (Office of the Third Sector)?
•Creation of a social innovation endowment (NESTA)?
What should a ‘government body’ cover?
• How should public benefit services be reflected in government
•Focus Innovation and not cost-cutting
What should a ‘NESTA-like’ organisation do?
•Canada-wide knowledge management and research
• Funding for social innovation projects
•Challenge Grant Programs
Should the catalyst be provincial, federal or both?
Is there a role for municipal leadership? 37
38. Study Tour Action - Culture and
Enabling Environment
Supporting Enabling Activities in
Ontario Trillium Foundation
Ontario
SSE Feasibility Study SiG@MaRS
Unltd. Canada Feasibility Study TBD
Challenge Grants TBD
Uniting the Networks TBD
Key Step: Getting tour delegates involved in ACTION
38
39. UK Social Innovation Policy Tour
For more information on Volans Social
Innovation Tours, please contact
Charmian Love
charmian@volans.com
39