Social Impact BlogShowing posts in Starting Up
Lily Vail leads the Kiva lending program in Columbus. The online platform allows small-business owners to access zero interest, crowdfunded loans that range from a few hundred dollars up to $10,000. In 2005, Kiva started as a platform to connect borrowers and lenders abroad. In the United States, it operates as a direct lending platform […]
Two recent studies highlight the generational gap which social entrepreneurs face. Demand for social enterprises’ goods and services is concentrated in the millennial generation while the capital to build their businesses is concentrated in the baby boom generation.
Aslyne Rodriguez and Jerry Tsai recently launched EmpowerBus, a social enterprise that is addressing the income gap in Central Ohio by providing reliable, on-time transportation for unskilled workers in the Morse Road corridor to the employers outside the beltway who are having difficulty finding enough reliable employees. They call it “creating corridors to employment and […]
Claire Coder is a remarkable entrepreneur: She launched her second startup at age 19, has relied heavily on social media and reality TV to build awareness of her product, and is on the cutting edge of a movement shared with a national foundation founded by local entrepreneur Nancy Kramer. Aunt Flow, whose tagline is “Helping […]
Double Comfort Restaurant was a popular spot in the Short North for great southern comfort food and a great drink. Founded in 2014 as a social enterprise, its Buy a Meal, Give a Meal® concept provided over 95,000 meals through local food pantries before it closed in Spring 2017. Social entrepreneur and founder Mary Lyski […]
Last night Central Ohio celebrated innovation and entrepreneurship in the nonprofit sector at SocialVentures’ Nonprofit Sustainability Showcase. Five nonprofits presented their plans for new social enterprises and joined nine other nonprofit-owned social enterprises in a Showcase for 140 members of the community to learn about their products and services and how every purchase they make can create social impact.
Nonprofits who start social enterprises are smart. They recognize the reality that philanthropy has been at capacity for years. The Nonprofit Sustainability Showcase will highlight pitches by five newly-launching nonprofit-owned social enterprises: Center for Balanced Living, Equality Ohio, Rebuilding Together, US Together, and YMCA.
The judges for our recent social enterprise awards program were drawn to those social enterprises that excelled in the transparency and public representation of their social impact. This facet of their work merits recognition because too many social enterprises tell a very weak story about their social impact or fail to tell the impact story at all.
When we talk with social entrepreneurs, they often say capital is what they most need. Further discussion reveals they most need good advice and feedback. SocialVentures just announced several new ways to get that advice.
Our new website has dozens of new features, including training opportunities and information to connect experts and investors to social enterprises. One especially valuable new service on our website is the Marketplace. At the Marketplace you can search for local social enterprises.