OUR APPROACH
Social entrepreneurship and social innovation are in our view ways to sustainably address societal challenges.
Our approach to building an impact ecosystem is to activate potential creators of social innovation accross 16 development areas, building the base from where each area can move up through the development stages.
Are you working on an impact project in Slovakia and need financing?
Let us know >>
16 DEVELOPMENT AREAS OF SOCIAL ENTREPRENEURSHIP AND INNOVATION
By "impact", "social", or "societally beneficial" entrepreneurship we mean any entrepreneurial effot that creates a positive impact on one of the following areas:
1.
Work integration
2.
Environ-ment
3.
Global
solidarity
4.
Social
care
5.
Health
6.
Accessible housing
7.
Community work-space
8.
Healthy life style
9.
Education
10.
Arts & culture
11.
Sustainable tourism
12.
Public services
13.
Community development
14.
Rights & equality
15.
Digitali-sation
16.
Regional
development
SOLVERS OF SOCIETAL CHALLENGES
We have identified the following 15 "bubbles" in each development area. These "bubbles" arepotential sources of social innovation / solvers of societal challenges, who we educate, network and develop.
"Bubbles" because connections between them often lack, yet for the development of the ecosystem and systemic advancement, their connections are essential.
BLURRING BOUNDARIES
Traditionally, companies are often perceived as "commercial" organizations, while the third sector is often seen as "non-commercial".
Social or socially beneficial, responsible, or impact-driven business blurs these boundaries. It is concerned with profit as well as positive social impact. This is where we see the future of the economy.
.png)
STAGES OF DEVELOPMENT
SOCIAL IMPACT BOND
= OUTCOME ORIENTED CONTRACTING
The social impact bond, or outcome-oriented contracting, is aN implementation tool for the long-term systemic integration and scaling of independent solutions to societal challenges.
It allows public institutions to contract independent service providers based on desired performance and service quality. The public institution thus does not bear the burden of initial risk, and the independent provider has the opportunity to scale its impact up to the ultimate resolution of the given social challenge, ultimately creating savings for the public institution.
.png)
IMPACT MEASUREMENT
"Impact indicators" or measurable indicators of positive social impact or influence are an integral part of scaling socially beneficial activities. They help create a healthy competitive environment among the services and products offered by social economy projects.
