Building an ecosystem: Supporting Social Entrepreneurs

Section 1: about UnLtd

UnLtd: the Foundation for Social Entrepreneurs

www.unltd.org.uk twitter @UnLtd CEO: @cliffprior http://www.facebook.com/UnLtd

http://www.linkedin.com/company/unltd 127 Whitecross St, London EC1Y 8JJ, UK

+44 207 566 1100

UnLtd is a charity registered in England and Wales, number 1090393, and a company limited by guarantee, number 4180639

UnLtd India – UnLtd South Africa UnLtd Thailand – Social Entrepreneurs Ireland

UnLtd: Reaching out and unleashing the energies of people to transform the world in which they live. We call these people social entrepreneurs.

Working for: A world where people act to make it better

The UnLtd Approach Outreach to find people with: Passion to improve the world An idea they want to lead The personal qualities to be an entrepreneur Individual assessment of each person Individually tailored package of: Cash, development support, networks & contacts

We support social entrepreneurs from first steps to scaling up

25 Scale It

£20k

50 Build It £15k

1000 Do It £500 - £5000

• Scale it awards: support focuses on replication and scaling up with investment readiness support • Build it awards: support focuses on freeing up an individual’s time to develop a project • Do it awards: support focuses on first steps, building entrepreneurial confidence, skills and capacity

Section 2: What do we know about social entrepreneurs?

Benefits and impact

Economic impact – average 4 jobs Social impact – very diverse impacts Social innovation – 1 in 3 replicated Social capital – 53% new networks Confidence to act – 90+% Continuity – 75% at 3 years

Who are Social Entrepreneurs?

238,000 people trying to start - 0.4% of population

1.7m people leading one now - 2.8% of population

Majority small scale - 90% informal or sole trader

Equal men and women

Peak age 30-45, age range 11 - 90

40% minority ethnic (compared to 12% in population)

A third are from 20% most deprived areas

53% degree or professional qualified

Population data for UK from Global Entrepreneurship Monitor. Demographics within the population from UnLtd’s first 10,000 award winners

The power law of numbers vs scale

100 giant social ventures Brand awareness

1,000 large social ventures Delivery at scale

10,000 mid range Create new jobs

100,000 employ 1-10people Sole traders & innovators

1,000,000 volunteer basis Create social capital

The ladder of support must reach the ground

The pathway:

All citizens

Commit full time

Try it out

Idea

Second growth stage

First growth stage

Most people don’t go through the whole journey

The pathway:

All citizens

Commit full time

Try it out

Idea

Second growth stage

First growth stage

Inspire

Most people don’t go through the whole journey

VC investment tech support & markets

Risk finance, technical support & markets

Seed funds & support

Seed funds, confidence & support

Section 3: How can we build an ecosystem of support for social entrepreneurs?

Ecosystem for Universities

500 social entrepreneurs pa

50 Universities

UnLtd

Ecosystem for universities: Create momentum – direct support Measure the impacts which mattered to the Universities Match fund for first year Support, models of working Learning network Measure achievement National awards Encourage diverse support agencies

Ecosystem for first growth stage The challenge: the pipeline of support was broken. No investors were prepared to take the risk of making the first investment in new ventures The solution: find the best social entrepreneurs with high growth potential and make them attractive to “Angel” investors

Ecosystem for first growth stage: Very wide call out for applicants via partners Assess winners involving the next stage investors as judges Create acclaim through high profile Intensive support including pro bono Match fund the Angel investors Measure achievement Bring in the best support agencies Create a common platform for success

Building a social entrepreneur society Building a pipeline * Inspirational success stories * Relevant finance * Support and coaching * Routes to market * Regulatory framework * Public confidence *

The social entrepreneur ecosystem

Social entrepreneurs

Policy

Finance

Culture

Supports

Human capital

Markets

Final thoughts Make sure the ladder of support reaches the ground You don’t have to do everything at once – which are your best places to start? Nothing succeeds like success: early wins You are building a movement of people, they are the motive force Experiment > scaling > ecosystem > establishment : it’s a journey

Building a social entrepreneurial society UnLtd has assisted several countries to develop their own social entrepreneur support models:

Several other countries have expressed interest and some are at advanced stage of planning.

How UnLtd can help Initial advice and information exchange Build credibility: host delegations of your potential funders to see how the model works Gift our knowhow from 4 countries: provide the templates, products, processes, learning on the basis that in-country innovations and improvements will be shared across the network in return Skill exchange: your staff to us, ours to you Licence the name: a free licence, if desired

Everyday legends ISBN 978 962 07 6391 5 www.commercialpress.com.hk

From seeing problems to seeing solutions:

supporting social entrepreneurs

UnLtd: the Foundation for Social Entrepreneurs www.unltd.org.uk

twitter @UnLtd CEO: @cliffprior http://www.facebook.com/UnLtd

http://www.linkedin.com/company/unltd 127 Whitecross St, London EC1Y 8JJ, UK

+44 207 566 1100

UnLtd is a charity registered in England and Wales, number 1090393, and a company limited by guarantee, number 4180639