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Introduction to Social Enterprise Finance 17th February 2011 HUB Praha

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Introduction to Social Finance Following a series of meetings dedicated to social business / enterprise, together with Ashoka, ERSTE Foundation and eská Spoitelna, we would like to further explore social-business development and its impact on introducing social change. In this context, we will launch the discussion around the application of financial instruments, commonly used in the business sector, in the field of citizen and social organizations. This practice emerging in CEE is called Social Financing. At the core social finance is about using forms of lending that is traditionally used in the for-profit sector, to apply it in the non-profit sector. Emerging social enterprises and organizations with for-profit operations, are looking to lenders to help them pay for activities that advance their mission, their operations or their growth. Current momentum in the field of social finance is looking to mainstream financial institutions and the development of social enterprises to provide financing options that fit the needs, realities and structures of the non-profit sector. During this first workshop dedicated to social finance we will only touch upon briefly on this new field. Profiting from practical experience and knowledge of the Erste Group and eská Spoitelna we will cover the following topics:

• Definition of Social Finance • Examples of How Social Finance Can Support Organizations • The State of Social Finance in CEE / EUROPE (overview) • The State of Social Finance in Czech Republic • Why Social Finance is Important to the citizen sector • Important terms in social financing

We will share case studies from Czech citizen organizations and discuss them in the light of financial planning. Welcome to Ashoka Fellows 2010 ! After the workshop we invite all workshop participants, Ashoka and Erste Friends to welcome new Ashoka Fellows from Czech Republic and Hungary elected in 2010. Please, join us in celebrating this wonderful moment!

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Program overview* Ashoka internal program (by invitation only) 11.00 – 13.00 Czech Ashoka Fellows Meeting 13.00 – 14.30 Lunch Workshop on Social Finance* 14.00 – 14.30 Registration & Coffee 14.30 – 15.30 Introduction to social financing

by Andrea Pscheid (good.bee) 15.30 – 16.00 Case studies by Ashoka Fellows

Dája Kabátová, Letohrádek Vendula Pavel inera, Ekolist.cz

16.00 – 18.00 Financial Planning

Including prerequisites for appropriate planning by Karel Dlouhy (eská Spoitelna) and Karl-Heinz Fellinger (good.bee)

19.00 Welcoming Ashoka Fellows 2010 Jeremy Druker, Transitions Online

Michal Šourek, ENVI A. o.p.s. László Jakubinyi, Szimbiózis Foundation, Hungary

RSVP: info_pl@ashoka.org by February 10th, 2011. Location: The workshop on social finance and the Welcoming of

new Ashoka Fellows will take place at: Hub Prague Drtinova 10 150 00 Praha 5 Czech Republic

*simultaneous translation will be provided – Czech/English

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ERSTE Foundation In 2003, ERSTE Foundation evolved out of the Erste Oesterreichische Spar-Casse, the first Austrian savings bank. Currently, ERSTE Foundation holds 25.3% of the capital shares of Erste Group. The foundation invests part of its dividends in the development of societies in Austria and Central and South Eastern Europe. It supports social participation and civil-society engagement; it aims to bring people together and disseminate knowledge of the recent history of a region that has been undergoing dramatic changes since 1989. As an active foundation, it develops its own projects within the framework of three programmes: Social Development, Culture and Europe. good.bee good.bee was launched by ERSTE Foundation and Erste Group Bank AG with the aim to bank people who are socially and financially excluded. Its two areas of business are micro-banking and social enterprise finance. While there are a number of financing options and instruments for commercial companies, the social sector is largely "underbanked". With good.bee the Erste Group offers financial solutions tailored to suit the needs of the social sector. Ashoka Innowators for the Public Ashoka is the world's first and leading association of social entrepreneurs. Ashoka works for a world that responds quickly and effectively to social challenges. Ashoka works on three levels: First, we identify, elect and support leading social entrepreneurs financially and professionally. Second, we bring communities of entrepreneurs together to help leverage their impact, scale their ideas, and disseminate their practices. Finally, we help build the infrastructure and financial systems needed to facilitate the growth of social innovation globally. To achieve this, Ashoka builds partnerships and bridges to the business and academic sectors. Today, Ashoka operates in 70 countries and supports 2,500 leading social entrepreneurs. Ashoka has supported 24 Ashoka Fellows in Czech Republic.

Ashoka has a long track record of working with global market leaders to drive social change and to develop their workforces to be entrepreneurs and changemakers, ultimately increasing their ability to anticipate marketplace shifts, retaining top talent, and improve competitiveness by helping solve some of the world's most urgent social problems.