>>Accessing Capital
Accessing Capital
Increase Access to Capital for Social Enterprises
In this recent article from See Change Magazine, author Tonya Surman discusses how the The Centre for Social Innovation pioneered the use of Community Bonds to purchase a $6.5 million building and meet their long-term objectives.
This article examines the Social Capital Partners (SCP) approach to venture capital. SCP was created in 2001 to fill a gap in the voluntary and CED sectors. The founders of SCP recognized that these 'markets' requires a new type of funding organization that was designed expressly to invest in social enterprises - businesses that integrate social goals with making a profit.
Author: Sean Van Doorselaer
Source: Making Waves Magazine
The thesis of the research is that other jurisdictions have created large scale, viable social enterprises that meet CED principles, whereas Winnipeg has tended to create small, grant dependent social enterprises while following the same principles. The research will test this thesis, examine the factors that have led to success elsewhere, and draw conclusions about how to replicate the success of other jurisdictions in Winnipeg.
Author: Alex Chernoff
Date: August, 2008
In this edition of Enterprising Non-Profits' 2009 Podcast Learning Series, Derek Gent, Executive Director of Vancity Community Foundation tells us how to get started with financing and dispels the mystery behind the most common finance terms including loans & grants, debt, patient capital, and investment.
Follow the link above to download the Podcast
Established in 2004, the Canadian Community Investment Network is a national co-operative dedicated to bringing together the voices of community investment in Canada.
Our mission is to strengthen the capacity of our members to expand access to capital and support services for social economy enterprises and economically and socially excluded individuals and communities across Canada.
The vision of SocialFinance.ca is a world in which the innovations and resources of finance are harnessed to produce positive social, environmental, and commercial advancements. Our mission is to catalyze and sustain a robust social finance marketplace in Canada.
SocialFinance.ca has four objectives:
Inner City Development Inc. was established in the summer of 2002 to provide good jobs to people in Winnipeg’s inner city who live in poverty and who are marginalized by systemic discrimination. For more than four years, they have survived in the construction market, creating full-time jobs with average or better sector wages, benefits, education and training, career laddering and a supportive work environment.
The Canadian Social Enterprise Guide was originally published in 2006 and was the first extensive and comprehensive published resource, tool kit, and collection of social enterprise stories in Canada. The revised 2nd Edition of the Guide reflects the learning of Enterprising Non-Profits program and its 10 years of supporting the development and success of social enterprise through technical assistance and resource development. The Guide includes chapters written by enp staff, social enterprise practitioners, professional trainers, funders and organizational development professionals.
The Task Force on Social Finance report is a 37 page document that outlines seven actions that Canada needs to undertake, in parallel, to mobilize new sources of capital, create an enabling tax and regulator environment, and build a pipeline of investment-ready social enterprises.
You are encouraged to download the Task Force on Social Finance final report, and join the community of financial institutions, investors, philanthropists, governments, and social entrepreneurs working to build a robust social finance marketplace in Canada.