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Funding and Capital

by Dan McKillop, about 2 years ago
CLOSED: This discussion has concluded.

How can we help social innovators and social entrepreneurs find the funds they need to launch new social projects or reach more people?  How could the provision of public money to support innovation be set up?





Consultation has concluded

  • stephanie.mcormick about 2 years ago
    Social innovation investment fund (SIIF) is being created by our organisation which is a completely non for profit multilateral consulting firm being run by financial experts and medical practioners and we allocate resources and financial help on the test-measure-performance based model.We use our strong algorithms to crunch data to help the most vulnerable the initiative is focused towards people struggling with affordable housing,mental health and domestic violence and abuse faced by the vulnerable.We are looking forward to have access to the government grants and to be sponsored by govt of canada.You can reach me directly at my email stephanie.mcormick@gmail.com to pledge your support and leave a legacy
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    • Lori Farley about 2 years ago
      We are trying to do something similar to support for profit social enterprises create sustainable business models tied to social impact
  • Lori Farley about 2 years ago
    One of the biggest challenges for any startup is access to capital, and especially challenging for social enterprises startups through to growth. The government may be playing a major role as a barrier by its policies and laws around investment. CRA has very limiting views on charities running businesses, and there is nowhere on my for profit social business - currently running as a sole proprietorship (since I cannot have a define legal structure that has a mixed financial and governance model) to identify as a social enterprise on my tax return. Organizations such as seedups Canada (https://www.seedups.ca) was looking promising towards supporting these kinds of businesses until all the regulatory issues varying from province to province made it impossible for it to set up with its original intention of being a equity crowdfunding platform to connect Canadian Entrepreneurs to Investors (essentially Crowd Financing). As a citizen who is prevented from participating from benefiting from investments because of my economic status (I won't even go into the inequity or economic status of women here), I would like to see reform that supports both halves of the equation - the opportunity to assess my own risk and make micro investments into the types of companies I see as making the social impact I was to see in the world. I think SeedUps had a great vision back in 2015 for where the economy has headed. Too bad all the red tape shot it down.
  • SocialWantrepreneur about 2 years ago
    Provide funding and create a platform/network that shows all the government-funded social projects, perhaps? The question isn't specific enough for the people in the discussion to add context. ------Are you asking how we think we can help social entrepreneurs create projects? Are you trying to help the ones with existing projects find access to funds? Are you asking us how we think the funding should be structured? ------These are all valid questions to start. But who are you asking / where are you asking it? ------All these ideas are great but before creating the product, why not just ask the market that you intend to serve what would best be suited to their needs? ------If you're trying to figure out how to organize a funding/incentive structure suited to social entrepreneurs, your most accurate focus group would be the social entrepreneurs. ------They'll be the ones who can give you the most accurate insights.
  • SIIF initiative about 2 years ago
    Social innovation investment fund (SIIF) is being created by our organisation which is a completely non for profit multilateral consulting firm being run by financial experts and medical practioners and we allocate resources and financial help on the test-measure-performance based model.We use our strong algorithms to crunch data to help the most vulnerable the initiative is focused towards people struggling with affordable housing,mental health and domestic violence and abuse faced by the vulnerable.We are looking forward to have access to the government grants and to be sponsored by govt of canada.You can reach me directly at my email stephanie.mcormick@gmail.com to pledge your support and leave a legacy.
  • unicefcanada over 2 years ago
    Allocate 10% of the social innovation core funding (or project based funding) to design with kids. There is no child-neutral issue - look and listen and see where kids are affected by the problem. If they're affected, they need to be part of the solution. UNICEF Canada and Overlap Associates are building up design with kids capacity with inspired foundation partners and stakeholders across the country.
  • Hedgehog over 2 years ago
    An social innovation supercluster. Though Toronto would get it and the rest of the ecosystem wouldn't be happy. Clusters, perhaps?https://www.canada.ca/en/innovation-science-economic-development/programs/small-business-financing-growth/innovation-superclusters.html
  • Hedgehog over 2 years ago
    Check Mariana Mazzucato’s The Entrepreneurial State• “Investment along the entire innovation chain, including demand-side policies. • Decentralised nature of public mission-oriented organisations (not top-down). • Risk-taking and investment not only during the downside of the business cycle. • Long-term strategic finance. • Equitable distribution of risk and rewards”
  • sputnickbr over 2 years ago
    The Government needs to give Social Entrepreneurs the same access to grants as tech start ups. Canada should lead social innovation. We should be the country to be followed. We still have time to do that.