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Roger Allen Chairman Allen & Buckeridge An Early Stage Venture Capital Company

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.

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Roger Allen Chairman Allen & Buckeridge An Early Stage Venture Capital Company

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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 through 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 the experience of building early-stage companies and investing in enterprises where the return on capital is a social dividend outcome, focusing 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 Capitalcontinued

  5. 3. Case Studies • Abbotsford Convent • Murdoch Children’s Research Institute Possum • Televentures • GetUp! • Inspire inspiring young people

  6. Case Study: Abbotsford Convent (Melbourne, Australia) • An ex-Convent site was rescued from major property development • Creation of a vibrant Arts, Hospitality and Education precinct with heavy community involvement • Creating a sustainable and accountable business model Public Research Expansion Development Public Markets

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  14. Case Study: Murdoch Children’s Research Institute (Melbourne, Australia) Possum POSSUM is a computer-based system that helps clinicians to diagnose syndromes in their patients. The POSSUM team is lead by Professor Agnes Bankier at The Murdoch Children’s Research Institute, Melbourne. It contains information on more than 3000 syndromes, including multiple malformation chromosomal and metabolic conditions and skeletal dysplasias. The comprehensive media base includes x-rays, diagrams and histopathology slides. • Launched in 1987. Web version launched in 2006 • Turning pro-bono consulting into a world leading medical product • Dissemination of critical medical knowledge worldwide • Creation of a sustainable business model • 500 centres in 50 countries / 3000 syndromes and 50,000 images Public Research Early Stage Expansion Development Public Markets

  15. Case Study: 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

  16. Case Study: GetUp! (Sydney, Australia) The Early Stage Funding Gap • 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

  17. David Hicks Campaign

  18.  RU-486 Campaign

  19. Case Study: Inspire inspiring young people (Sydney, Australia) Vision To improve mental health and well-being of young people globally Mission By combining the power of technology with the direct involvement of young people, we create opportunities for young people to change their world! Objective 1 Help young people get through tough times Objective 2 Help young people take action on important community issues Objective 3 Improve mental health for under-served youth Reach Out Act Now Bean Bag

  20.  continue • Why do we need Reach Out ? • In the average Year 12 classroom, 7 young people have mental health difficulties • Only 2 seek professional help – 5 don’t • At least 1 young person attempts suicide (Sawyer et al, 2000) • Reach Out can get to young people that traditional services could never access before • Since Reach Out’s launch in 1998 youth suicide rates have dropped 46% (ABS 2005)  don’t know how much the program actually contributed to the decline but believe it is significant

  21.  continue How do we know it’s effective? Total visitors to end May 2007 5.7 Million May 2007 273,500 users

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