@

  Social Entrepreneurship Summit 2008 Opening Video by Blackpowder Labs

 Visualization

  A visualization of the responses to a survey on the state of social entrepreneurship in Canada. The survey was conducted prior to the Summit and the results were shown at the opening of the event

By the end of this session it is our hope that you will…

1. Understand what SiG@MaRS is and what programs and services we offer

2. Know how you can take advantage of these programs and services, if desired; and

3. Have participated in helping SiG@MaRS determine what other programs and services should be developed to address your needs or those of the community

 Lawrence Bloomberg National Bank of Canada

  John Manley McCarthy Tetrault

 Geoffrey Matus Mandukwe Inc

 Tim McTiernan University of Toronto

 Gordon Nixon RBC Canada

 Sheila O’Brien Belvedere Investment

  Susan M. Smith RBC Ventures

  Calvin Stiler Genome Canada

  William White Dupont Canada

  Joseph L. Rotman Roy L Capital

  Indira Samarasekera University of Alberta

SoftShell on the Dragon’s Den Sean O’Dea, founder of Second Cup in interview with Charles Plant

MaRS Community watches the Obama inauguration

Social Entrepreneurs - Trevor David and Nick Temple Federal Minister of Health and Allyson Hewitt

Science & Technology Innovation

Social Innovation

Entrepreneurship

Technology

Incubation

Investment

Capacity

pg 8

  National initiative of four nodes across the country

 Tim Draimin, National Executive Director  Tim Brodhead, McConnell Foundation  Frances Westley, University of Waterloo  Al Etmanski, PLAN  Allyson Hewitt, MaRS

  The primary aim of SiG is to encourage effective methods of addressing persistent social problems on a national scale

  The activities of SiG serve to promote broad social change

  SiG@MaRS brings this work to Ontario

  Social innovation refers to new strategies, concepts, ideas and organizations that meet social needs of all kinds - from working conditions and education to community development and health - and that extend and strengthen civil society. Wikipedia

  Social innovation is an initiative, product or process that profoundly changes beliefs, basic routines, resource and authority flows of any social system in the direction of greater resilience. Successful social innovations have durability, impact and scale. SiG National

  Wikipedia: A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change.

  Whereas a business entrepreneur typically measures performance in profit and return, a social entrepreneur assesses success in terms of the impact s/he has on society.

While social entrepreneurs often work through nonprofits and citizen groups, many work in the private and governmental sectors

  "Social entrepreneurs identify resources where people only see problems. They view the villagers as the solution, not the passive beneficiary. They begin with the assumption of competence and unleash resources in the communities they're serving.”

  -- David Bornstein, author of How to Change the World: Social Entrepreneurs and the Power of New Ideas

  Yes We Can Video

Ashoka: Social entrepreneurship - the practice of responding to market failures with transformative and financially sustainable innovations aimed at solving social problems

Social entrepreneurs are “change agents,” creating “large-scale change through pattern-breaking ideas,” “addressing the root causes” of social problems, possessing “the ambition to create systemic change by introducing a new idea and persuading others to adopt it,” and changing “the social systems that create and maintain” problems.

“Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.” – Bill Drayton, Founder of Ashoka

William "Bill" Drayton is the founder and current Chair of Ashoka: Innovators for the Public, a nonprofit organization dedicated to finding

and fostering social entrepreneurs worldwide

Canada has 13 Ashoka Fellows including: At Etmanski, Geoff Cape, Mary Gordon and Dr Stan Slotkin

SiG@MaRS is actively developing programs to support the launch and growth of social ventures, enhancing the skills and networks of social

entrepreneurs, exploring new instruments of social finance, fostering opportunities for technology platforms to help scale social

ventures and building the social enterprise community.

  Social Finance

  Social Technology

 Public Policy

  Social Finance Forum

 Annual event mobilizing action on social finance

  Strategic Inquiry

 Conducted by Liz Mulholland for OSER

  Social Finance Ontario

 Committee of the Ontario NonProfit Network

  enp Toronto

 SiG@MaRS one of several funders of this CSI initiative

  Causeway

 National Collaborative on Social Finance

Jessica Flannery, Kiva.org At Social Finance Forum 09

A national collaboration

working on new pathways for financial investment

in public benefit.

CHARITIES & NON-PROFITS

GOVERNMENT BUSINESS Hybrid Space

Strategies

  Improve knowledge and awareness of Canada’s social finance opportunity

  Convene and engage the community

  Support capacity-building for capital users and providers

  Catalyze development of new financial pathways

Knowledge Mobilization: Social Finance Forum SocialFinance.ca

Policy Reform: Social Finance Brief UK Study Tour

Engaging Mainstream Finance: Catalyzing financial product development Convening key leaders and Bridging disparate sectors

Social Finance invest in social good

Social Investment Organization

Edmonton Social Enterprise Fund

VanCity

Chantier de l’economie Sociale

Causeway SRI in the Rockies

Fraser Valley Centre for Social Enterprise

Ontario Non –Profit Network

PfC

Community Power Fund

Économie solidaire de l’Ontario

CED-NET

SiG

Plan institute

Resilient Capital

Carleton Center for Community Innovation

Social Capital Partners

CCA

Alterna

Ashoka

Eco Trust

Social Capital Partners • Invests in social enterprises that employ populations outside the economic mainstream in Canada, helping them to acquire scale, exist without external subside, and create improved funding mechanisms for social initiatives.

Edmonton Social Enterprise Fund (SEF) • combines business expertise with flexible financing to help Edmonton not-for-profit organizations and cooperatives create or expand strong, sustainable business ventures and affordable housing projects.

RENAISSANCE QUEBEC • charitable organization aimed at the professional and social reintegration of people excluded from the labour market.

• Social finance organization, Social Capital Partners (SCP), provided the grant and loan financing that allowed Renaissance to launch a new flagship Fripe-Prix store in Montreal

OVERWHELMED?

WHAT IS IT?

EVERYTHING IS CHANGING

’ 0 8 A D V O M E N T A R Y

Social tech

Social media

Semantic web

Platforms Online

Open

Design

New models

Social Tech advising for our clients

Collaborating on innovative projects with usual and unusual suspects

Being a support in the community

Applying science and sociology to our understanding of the social web

Using a living lab approach to test new models and platforms

SiG@MaRS’ online presence

Twitter, Blogs, Tags

SOCIAL TECH S iG@MaRS

  Events:

  Social Entrepreneurship Summit (07 & 08)

  Social Finance Forum (07 & 08)

  Social Technology Training (08)

Sharing for Social Change

Eva’s Phoenix Print Shop - Graduation

Institute for Canadian Citizenship Tom Szatsky, TerraCycle National Film Board

  Understanding the essence of innovation to assist with scale

 Totemics  Lenses

Beta Test Sites

  Taking IT Global

  Roots of Empathy

  Santrapol Roulant

  Montreal Fluency Centre Dr Brenda Zimmerman

  Centre for Social Innovation

  Communicopia/ Web of Change

  Academia

  SES08 Partners – TCSA

  Schwab Foundation

  McConnell Foundation

  Ashoka

  CED Networks

  CAMH

  OSER

  Causeway

  Tides Canada

  Sage Centre

  Wellesley Institute

  TVO/Get Involved!

  Social Venture Partners

  Social Capital Partners

  Social Venture Institute

  Community Foundations of Canada

  Ontario Non Profit Network

  Centre for Social Economy

  Ontario Arts Council

  Hospitals - Sunnybrook

  Bridges

  Young Foundation

  School for Social Entrepreneurs

  Ontario Trillium Foundation

  The Learning Partnership

  Social Enterprise Council of Canada

  Creative Converge

  Philanthropic Foundations of Canada

  Social Enterprise World Forum Debrief – bringing the latest in social enterprise development to Ontario

  SoCap ReCap

  A multi-disciplinary team of MaRS Advisors is available to support social entrepreneurs

  Paid staff/ Entrepreneurs in Residence/ Consultants/ Volunteers

pg 39

Commercialization Services

Advisory Services

Capital Services

MaRS Business Services

Market Intelligence

Entrepreneurship Education

Social/ Entrepreneurs in Residence MaRS Venture Group SiG staff

Referrals for Funding

Entrepreneurship 101

Events

1.  Strategic Counsel

2.  Investment & Funding Exploration

3.  Business Model

4.  Partnership Exploration

5.  Proposal & Marketing Review

6.  Current: Psychotherapist

1.  AGM & Annual Report

2.  CRS operational review

3.  Business model advice

4.  Action plan

5.  Funding application

6.  Recruitment

7.  Current: Business plan

1.  Business Model

2.  Growth Strategy

3.  Engage with Board of Directors

4.  Current: Action plan

5.  Current: Board Retreat

  Full time staff

 Allyson Hewitt  Lisa Torjman  Carol-Ann Smith  Marisa Fortune

  Consultants – Social Entrepreneurs in Residence

 Cheryl May   Jennifer White

  Volunteers

 Albert Plant  Volunteer EIRs

  Investment Accelerator Fun

  Fundraising Consultant

Cynthia Armour, CFRE

 Social Venture Fund

 Announced with no timelines in Liberal Policy Platform  Re-announced most recently in the Ontario Poverty Reduction Strategy

 Foundation Liaison

 McConnell Foundation  Metcalfe Foundation  Laidlaw Foundation  Ontario Trillium Foundation  Atkinson Foundation

  Get on our mailing list

  Meet with a staff member

 Allyson  Lisa  Cheryl  Carol-Ann  Marisa

  Complete a Discovery Document

  Priority clients:

 Entrepreneurial   Innovative  Systems Changers  Need for enabling technology to scale venture

MaRS Discovery District MaRS Centre South Tower, Suite 100 101 College Street Toronto, Ontario M5G 1L7

T 416.673.8100 F 416.673.8181 E marsdiscoverydistrict@marsdd.com W www.marsdd.com

  Projects that SiG@MaRS undertakes with sector partners and/or with other SiG nodes for maximum impact

 RDSP: A financial tool that allows people with disabilities to start saving and accumulating assets

 Tyze helps you...

 ...schedule everything from medical appointments to birthday parties

 ...plan tasks and report on progress  ...connect with new people who can build and strengthen your

network  ...tell the story of the person at the centre of the network: their

triumphs and challenges, and how they touch the lives of the people around them

 ONN  Working with the Ontario Non-profit Network to amend the

Corporations Act in order to reflect the realities of social enterprise

 Ontario Poverty Reduction Strategy  Section on Social Innovation

 Social Capital Partners  SiG  Social Business Website  Social Investment Exchange  Feasibility of a CIC  Social Venture Fund

  Social Impact Metrics

 Led by Gillian Kerr  Top trends in social entrepreneurship – accountability - transparency

  Procurement

 Led by Deepa Darywani  See SEWF and Ontario Poverty Reduction Strategy

  Regulatory Issues

 Led by Mark Bachman

  Entrepreneurship Education

 Led by Jonquil Eyre

  Social Venture Fund

 Led by Kerri Golden, white paper to be released

  Innovative enterprises which combine a strong social purpose with sound business principles

  Contrast to traditional businesses which are primarily driven by the need to maximize profit or charities primarily driven to serve a social need

  May include both for-profit and non-profit entities as long as they meet SVF investment criteria

Return Continuum

Grant Funded Non-Profit (Charity)

RETURN

Social (Charitable) Financial (Commercial)

Traditional Business

Revenue Generating Non-Profit

Social Purpose Business

SVF Target Zone

Social Enterprise (larger # in UK/US)

  Social Impact Criteria

 A strong social value proposition/theory of change for a desired social outcome integrated into the value proposition of the business model

 Agreement needed on social benefit and measurement of outcomes

  Innovation Criteria

 Sustainably competitive  External validation of the value to market  Strong intellectual property (“IP” or innovative business model or

service delivery offering which could generate IP0

  Financial and Business Criteria

 A large addressable market or a significant economic impact with a viable go-to-market strategy

 A financially viable business model and the appropriate team to succeed or plan to add to team with financing available.

  Social Investment Exchange

 Project being led by Ontario Association of Food Banks, Toronto Stock Exchange and SiG@MaRS

 Concept paper and proposal sent to Province of Ontario

  School for Social Entrepreneurs

 Project being led by George Brown College and SiG@MaRS  Evidenced-based program currently operating in UK  Proposal submitted to OTF

Tamzin Ractliffe, Founder Greater Good South Africa at the Social Entrepreneurship Summit 2008

  That’s up to you

  What’s working?

  What’s not?

  Where would you like SiG@MaRS to focus?

  Anything we should STOP doing?

  Anything you want us to do more of?

  Any gaps in the social innovation literature or needs of social entrepreneurs that we can help meet?

  Are you working on something we can enable?

  What would you like to say?

Allyson Hewitt Director, Social Entrepreneurship and Director, SiG@MaRS ahewitt@marsdd.com 416-673-8410