Money on a Mission
Social enterprise is attracting a lot of attention around the world – as a great way to make the world a better place.
Although certainly not new, (think of the co-operative movement in the 1840s, or the first thrift shop in the 1890s), the power of social impact investing has captured the imaginations of those seeking to meet a wide range of social, environmental and cultural challenges.
The Canadian Task Force on Social Finance has defined social enterprise as “any organization or business that uses market oriented production and sale of goods and/or services to pursue a public benefit mission.” Social enterprises come in all shapes and sizes, but are united in their passion for change, using business to power that change, and a desire to be more self-reliant in creating the change they seek in the community.
The Social Enterprise Fund was established to provide financial support in the form of loans to organizations in Edmonton that are launching or growing a social enterprise. One of our friends described SEF as being “like Dragons’ Den, but for good.” Basically, we can provide patient capital to make social enterprise a reality.
Shall we talk?