Launchpad

Simon Tucker, Young Foundation

SIX Summer SchoolDonostia-San Sebastian, 29 July 2008

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The Launchpad model

An incubator turning ideas into new social ventures

Early stage

Intensive

Push and pull factors

• Supporting social entrepreneurs and proactively creating new ventures

• Backing social businesses, social enterprises, non‐profits or public institutions

• Environment shaping with policy makers

• Training and partnering with public sector managers and commissioners

• Contributing to publications on social innovation

• Providing funding, social capital and entrepreneurial expertise

• Acting as interim entrepreneurs or co-founders

History

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• 55 year legacy of Michael Young

• 3 years developing individual projects

• 1 year operating funds

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Current overview

• 16 ventures in portfolio• 15 team members• €5m total funds• Leveraging third party funding: €3m(confirmed); €10-15m

(expected) • Subject of 5 year, €325k, evaluation

Launchpad portfolio

Source: xxx 5

Arrival

Asylum Justice

Enternships

Kidsof.com

School of Everything

Social Health Network

Active Community Living

Faking It

Living Life to the FullStudio Schools

Teach Next

Teach Too

Asylum Justice

SI CampActive Community Living

Kidsof.com

Living Life to the Full

Social Health Network

Arrival

Enternships

Faking It

School of Everything

Studio Schools

Teach Next

ArrivalAsylum Justice

Studio Schools

Enternships

Living Life to the Full

School of Everything

Active Community Living

Faking It

Kidsof.com

Social Health Network

Teach Too

SI Camp

Active Community Living

Faking It

Asylum Justice

Studio Schools

Teach Next

Teach Too

Arrival

Enternships

Kidsof.com

School of Everything

SI Camp

Living Life to the Full

SI Camp

Teach Too

Social Health Network

Concept

Proof of concept

Pilot

Social businessSocial EnterpriseCharity/ public body

Not yet known

Teach Next

Healthy Incentives

PlanMyCare

PlanMyCare

Healthy Incentives

Healthy Incentives

PlanMyCare

PlanMyCare

Healthy Incentives

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• Research

• Scouting

• Reacting to social entrepreneurs

• ‘Social Entrepreneur in Residence’

Our approach: pre-investment

Understanding needs & opportunities

Finding and generating ideas

• Ideation

• Scouting

• Calls for ideas around themes

• Applications through website

• Joint venturing

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• Structured screening overseen by investment committee

• 2 stages of support⁻ Stage 1: ~ €20-40k seed⁻ Stage 2: ~ €100-130k pilot

• Variety of financial instruments

• Co-founder, first investor status

Our approach: investment and support

Support

• Entrepreneurial coaching (or interim entrepreurs)

• Brokering additional funding

• Networking, partnering, policy

• Business planning

• Technical advice (legal, branding)

Investment