“… potential crowdfunders take an emotional decision to give you a relative small amount of their own cash based on liking what you’re trying to do. That’s one of the key advantages of crowdfunding for social ventures. It’s also one of the key disadvantages” my latest monthly blog post for The Young Foundation.
“… It’s clear that if enough agencies chuck enough public money in the right directions, it is possible both for some social enterprises to get bigger and other fairly big social enterprises to be created. The question is whether growing numbers of big social enterprises will automatically deliver a big (positive) social impact… ” – my latest mythbuster for The Guardian‘s Social Enterprise Network.
Boasting an investment of £850,000 from social investment wholesale finance institution, Big Society Capital, the Social Stock Exchange is a project that’s formed an integral part of the UK social investment bullsh!t machine for several years. While many in the social enterprise sector doubted that it would ever arrive at all, even the pessimists are likely to be disappointed by its shamelessly comical failure to deliver on either of the elements implied by its name.
At yesterday’s launch, prime minister, David Cameron, hailed the project proclaiming: “This is just the beginning… For years the London Stock Exchange has made London the home for private finance. Today London can cement its place as the home ...more
“I can’t help but think this throws into question whether the voluntary sector should describe itself very differently, in a way that actually reflects its changing makeup and the fact that so many charities and other voluntary sector organisations are viable businesses… “
Like the Queen, social investment wholesale finance institution Big Society Capital (BSC) has at least two birthdays. So, while I wished them many happy returns in April, the celebrations have continued well into May.
The outward facing side of things is going pretty well with the Prime Minister, David Cameron, preparing to spend some of the next year telling his G8 colleagues about what, in political terms at least, seems like the proverbial silver bullet. And given that the rest of the meetings will mostly be ...more
If you’ve attended a social enterprise event during the last year, you’ll probably be aware that ‘social investment’, which for ages was ‘the next big thing’, has finally become ‘the big thing’… my latest blog post for The Young Foundation – a report from Social Enterprise Yorkshire & The Humber‘s social investment conference, Working Capital.
Sports funding is far harder to come by since the Olympics. Government cash for table tennis, cut from £1.2million before London 2012 to zero now, is a prime example of this grimmer new reality. Fortunately, it’s not all bad news for UK table tennis enthusiasts because the government is still putting lots of cash into supporting digital start-ups.
The exciting black table tennis table is just one striking feature of the shiny home of Wayra Unltd, the new digital accelerator ‘focused on start-ups that make a positive social impact’ which was launched in London this week.
Wayra Unltd was one of two bids funded in February’s first round of funding from the government’s Social Incubator Fund, with fellow tech ...more
Reporting on the recent Skoll World Forum for Pioneers Post, David Bank of Impact IQ reflects on the participants’ intoxication with idea of disruptiveness.
‘Disruption’ was the theme of the event and, Bank tells us, it provoked statements ranging from Forum founder, former eBay boss, Jeff Skoll’s relatively understated: ”Let’s disrupt our way to a different world” to former Eurythmics star Annie Lennox’s more ambitious “I want to disrupt the entire media“.
As Bank explains, social entrepreneurs “adopted disruption from the world of technology…” with the idea being ”that new technologies that at first seemed clunky or even useless could nibble at the fringes of established markets with performance that was good enough for marginal customer groups ...more