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Empowering Social Entrepreneurship in Australia: Impacting Communities through Innovation and Venture Capital

Explore the concept of social entrepreneurship and the role of social venture capital in supporting not-for-profit enterprises. Discover case studies of successful ventures and the positive impact they have had on communities. This presentation was delivered at the World Forum on Measuring and Fostering the Progress of Societies in Istanbul in 2007.

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Empowering Social Entrepreneurship in Australia: Impacting Communities through Innovation and Venture Capital

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  1. Citizens with vision: The Impact of Social Entrepreneurship Innovation and Entrepreneurship in Australia Roger Allen Chairman Allen & Buckeridge An Early Stage Venture Capital Company World Forum on Measuring and Fostering the Progress of Societies Istanbul 27-30 June 2007

  2. 1. What do we mean by Social Entrepreneurship and Social Venture Capital? • Supporting the building of typically not-for-profit enterprises and following them though all stages of growth. Every enterprise we back has the full weight of our intellectual capital behind it, adding value and offering guidance through good times and bad. • Combining foremost early stage company-building experience of investing in enterprises where the return on capital is a social dividend outcome, focused on delivering performance at every stage.

  3. 2. Differences between traditional philanthropy and Social Venture Capital

  4. 2. Differences between traditional philanthropy and Social Venture Capitalcont.

  5. 3. Case Studies • Abbotsford Convent (Melbourne, Australia) • Rescuing a major ex-Convent site from the hands of a property development • Creating a sustainable and accountable business model • Creation of a vibrant Arts, Hospitality and Education precinct with heavy community involvement Public Research Early Stage Expansion Development Public Markets

  6. 3. Case Studies cont. The Early Stage Funding Gap • Royal Children’s Hospital Research Institute (Melbourne, Australia) • Possum • Turning pro-bono consulting into a world leading medical product • Dissemination of critical medical knowledge worldwide • Creation of a sustainable business model Public Research Early Stage Expansion Development Public Markets

  7. 3. Case Studies cont. • Televentures (Sydney, Australia) • Creating employment for unemployed people with disabilities • Overcoming prejudices in the workplace • Real business versus noblesse oblige mindset Public Research Early Stage Expansion Development Public Markets

  8. 3. Case Studies cont. The Early Stage Funding Gap • GetUp (Sydney, Australia) • Using the latest online tools to empower grassroots participation in the democratic process • Creating new independent political movement to help build a progressive Australia • Seed capital and a sustainable business model Public Research Early Stage Expansion Development Public Markets

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