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FROM SEEING PROBLEMS TO SEEING SOLUTIONS

1. FROM SEEING PROBLEMS TO SEEING SOLUTIONS. Supporting social entrepreneurs. Krisztina Tora, Global Social Entrepreneurship Network Developer. #4socents. 2. A world where people act to make it better. OUR VISION.

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FROM SEEING PROBLEMS TO SEEING SOLUTIONS

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  1. 1 FROM SEEING PROBLEMS TO SEEING SOLUTIONS Supporting social entrepreneurs Krisztina Tora, Global Social Entrepreneurship Network Developer

  2. #4socents 2 A world where people act to make it better OUR VISION UnLtd reaches out and unleashes the energies of people who can transform the world in which they live. We call these people social entrepreneurs.

  3. 3 ECONOMIC CONTRIBUTION SOCIAL IMPACT WHY SUPPORTSOCIAL ENTREPRENEURS? 1.2 million The total number of beneficiaries reached by Annual Survey respondents in a year 43% Proportion of Award Winners whose ventures employ at least one person 2,700 Total employed by 1,014 respondents to Annual Survey 2012 £45m Estimate annual wage value of these jobs 95% Award Winners who create social capital and promote trust in communities 62,000 Volunteering opportunities created by survey respondents in a year • Data come from Annual Survey 2012, which was sent to 4,300 current and former Award Winners supported since 2003. 1014 responded.

  4. DEFINING WHO ARESOCIAL ENTREPRENEURS The great debate Social entrepreneurs adopt a mission to create and sustain social value. They pursue opportunities to serve this mission, while continuously adapting and learning. Wikipedia “A social enterprise is a business that trades for a social and/or environmental purpose. It will have a clear sense of its ‘social mission’ SEUK “A business with a social mission” “earn at least 50% of revenue from trading (or as a new start, you pledge to reach this within 18 months) and spend at least 50% of profits on social or environmental aims” SE Mark “People who can transform the world in which they live” UnLtd

  5. #4socents 5 Social entrepreneurs? WHO ARE... • People with: • Potential to make positive change • Passion to solve a social problem • Who have: • An idea for a solution • Entrepreneurial qualities • Who are: • Resilient and resourceful • Determined to make their idea a reality 238,000 People in UK trying to start a social venture (0.4% of population) 19% of people wanting to start an enterprise want it to be social

  6. BUDDINGAMBITION What type of business would you like to start?

  7. WHO ARE... Social entrepreneurs?

  8. #4socents 8 Backing social entrepreneurs OUR WORK • We back around 1000 people each year to start their own ventures for social or environmental benefit, with a mix of cash, development support and networking. • We then support around 50 per year to get to scale, with more intensive support.

  9. #4socents 9 Our work in numbers WHO WE REACH Peak age 35-49, range 11+ Equal men and women A third are from 20% most deprived areas 53% 32% Degree or professionally qualified Minority ethnic (12% population)

  10. #4socents 10 WHO WE REACH

  11. #4socents 11 Our work in numbers: Age WHO WE REACH

  12. OUR THEORY OF CHANGE

  13. #4socents 13 Scout, filter, engage, connect OUR APPROACH • We go out and find the most social and entrepreneurial people • We listen and find out what will help them move forward • We connect them to support tailored to their needs: • Seed funds – grants to them as individuals • Development support, advice and coaching • Networking peer-to-peer and with experts

  14. #4socents 14 Designed around the journey OUR AWARDS

  15. #4socents 15 • 92% of awards • 68% of UnLtd £ • 7% of awards • 27% of UnLtd £ • 1% of awards • 5% of UnLtd £ Small scale sustainability How early stage social entrepreneurs develop Scaling and replicating THE JOURNEY Developing an idea Onward to other support agencies Testing and refining

  16. #4socents 16 Scaling up and investment readiness OUR INCUBATORS Big Venture Challenge: Cohorts of 10 high potential social entrepreneurs, intensive support plus patient loan funds to match external “angel” investors Wayra UnLtd: A partnership between UnLtd and the Telefonica Wayra network to create an intensive incubator platform for early stage, high potential digital and mobile tech social ventures

  17. #4socents 17 What social entrepreneurs achieve Sustainability? • Across our portfolio: • High survival rates, 70% after 3 years • Many stay small and local, some grow to scale • Our survey of 1014 Award Winners showed: • 43% employed at least one person – average across sample 3 employees • 95% created positive social capital • Three quarters offered volunteering opportunities • 60% were supporting other social entrepreneurs 1.2m Total number of beneficiaries reached by survey respondents in a year

  18. #4socents 18 Supporting other agencies in the model ECOSYSTEM Higher and further education: Supporting 56 universities and 7 (soon to be 40) further education colleges, to develop their own start up social entrepreneur programmes Disadvantaged communities: Working with the Big Local Trust to build capacity in 150 of the most disadvantaged communities in England, over a 10 year period. UnLtd supports social entrepreneurs in these areas, and works with local organisations to help them start their own programmes of support. Spark: Already 60% of social entrepreneurs support others, and 20% provide more intensive support eg resource raising. The Santander Spark programme is testing out how we can help more people to deliver better quality support in this viral, peer to peer approach. Navigation and data commons: As the ecosystem of support develops, these become ever more important factors. UnLtd is leading a consortium of 42 support agencies in the UK to map the sector and develop common metrics.

  19. #4socents 19 The wider social entrepreneur ecosystem WHERE WE FIT Our main roles

  20. UNLTD GLOBALLYThe Global Social Entrepreneurship Network A world in which people find it easy to get the support they need to start and thrive as social entrepreneurs wherever they are, wherever they come from. VISION

  21. GSEN : Main objectives Mission • Enable support organisations around the world to become increasingly sustainable and effective in helping more social entrepreneurs start and thrive Main objectives • Enable organisations willing to support social entrepreneurs, especially early stage ones, to start-up and grow • Build a strong network where individual support organisations get together for shared learning and development • Connect the resources to foster a better support ecosystem for social entrepreneurs, especially those at early stages • Create a credible collective voice to raise awareness and build momentum around social entrepreneurship internationally What the GSEN really wants to achieve

  22. A quickly expanding network With already 25 members and members to-be around the world Already member organisations Membership in discussion

  23. What GSEN is about A people-to-people platform to learn, share and create synergies in supporting social entrepreneurs around the world A network that enables the ecosystem supporting social entrepreneurs to grow and to be more efficient and sustainable A global partnership facilitating a common understanding of what social entrepreneurship is, advocating for better support to social entrepreneurs around the world, especially at early stages 1 2 3

  24. Significant value created by GSEN

  25. 25 We’re happy to talk further THANK YOU • Krisztinatora@unltd.org.uk • linkedin.com/company/unltd • 123 Whitecross Street, London, EC1Y 8JJ • +44 207 566 1115 @UnLtd facebook.com/UnLtd unltd.org.uk

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