COLUMBUS, Ohio, 11 January 2017—The Center for Social Enterprise Development (CSED) will launch its second round of SE Catalyst,™ an intensive eight-month immersion initiative for Central Ohio nonprofits who wish to develop sustainable, social enterprise ventures. Five nonprofit groups in Central Ohio will participate in CSED’s second SE Catalyst cohort: Center for Balanced Living, Columbus International Program with US Together, Equality Ohio, Rebuilding Together Central Ohio, and YMCA of Central Ohio.
The participants were selected through a competitive application process which evaluated their readiness, willingness, and capacity to devote significant staff time and resources to development of a new venture through group participation. SE Catalyst™ is a program of CauseImpact LLC that has demonstrated success in Nashville and Columbus in producing a pipeline of investment-ready social enterprises. The program integrates a group cohort model approach with customized support for each individual participating organization. The program combines classroom instruction with coaching, technical assistance, and the real-world application of tools, approaches and principles to develop social enterprise ventures.
Throughout the course of this initiative, each organization will build an Impact Team,™ participate in periodic group training sessions with the entire cohort, and work to craft and deliver a formal written plan of action that is ready for launch. At the end of the eight-month program, each participating organization will pitch a final plan to a panel of experts and compete for funding.
CSED provides cause-driven organizations with training and education, networking opportunities and mentorship on social enterprise to help conceive and launch new and innovative earned-revenue opportunities, designed to realize impactful, sustainable, mission-driven social change.
Nonprofit sustainability requires increased reliance on earned revenues to strengthen nonprofits’ balance sheets, protect them from fluctuations in philanthropic gifts, and stabilize their mission activities during fluctuations in the economy. Social enterprise is an emerging solution to provide new sources of earned revenues to enhance sustainability.
The 2016 cohort of SE Catalyst participants included Boys and Girls Clubs of Columbus, Community Shares Mid Ohio, Educational Service Center of Central Ohio, Gladden Community House and IMPACT Community Action. They shared their concepts with the community at CSED’s Nonprofit Sustainability Showcase event on October 25, 2016.
For more information about CSED and SE Catalyst, please contact Allen Proctor by calling 614-208-5403, or sending an email to firstname.lastname@example.org.