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Newsletter 4, 2017
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Social Innovators -
Get Ready to CoCre8!

Calling all Social Innovators!

  • Are you a founder of a WA Social Business itching to bring your ideas and talent to fruition? 
  • Do you want the chance to mix it up with a team of local business, government and community stakeholders?
  • Can you commit to a special community innovation event on Friday evening 19th May and Saturday 20th May til 4:30pm?
Then register now for our very first CoCre8 Community Innovation event - the City of Armadale's GivingBackathon.

Local communities are filled with budding Change Makers, just waiting for the opportunity to spark an idea that can help them make a difference in their community, and the world. This event is designed to draw out them out, and turn their ideas into social business reality, in a City of Armadale context.

The winning groups from this event will receive prizes including comprehensive business development and acceleration support from the Impact Seed team, to help build out and validate their business models and execution strategy, and assistance in matching their initiatives with potential co-investors, funders and partners in the Armadale community, and beyond.
 

BUT HURRY, REGISTER NOW, CAPACITY IS LIMITED
AND THIS ONE IS BOOKING OUT FAST!

REGISTER NOW

AMP Tomorrow Fund Closes Soon..

The AMP Foundation is offering $1 Million in grants through their AMP Tomorrow Fund. 

Individuals of all ages, interests and abilities who are working towards a goal that will positively impact the community can apply for between $10K and $100K.  This is a great opportunity for social business founders to give their socially innovative ideas a financial kick start.  Applications close 16 May.


 

2017 Report on 'A Year in the Life of WA's Social Entrprises' 


This latest in a series of reports from the Centre for Social Impact highlights a series of positive and negative changes facing social enterprises in WA.  

While this report addresses the largely not-for-profit social enterprise ecosystem in WA, there is one takeaway that we note with interest - which impacts both not for profit social enterprises, and the growing number of for-profits alike.

Two majors gaps identified across the enterprises surveyed were 1) a lack of business skills and 2) difficulty getting investment because financiers are unfamiliar with their business models.

Naturally, if we collectively fix the business-skills side of things then getting financiers to understand from an investment point of view should at least be less difficult, right? Well that's what we reckon, and it's why we set up Impact Seed - to build the business capacity of social businesses, to help them better speak investors' language, and vice versa.  Unless we collectively bridge this business-investment gap, we destine ourselves to only ever have traditional business on one side of the ledger, and philanthropy on the other.

Click here for the full report. 


 
Missed Our Previous Newsletters? Click Here

Our 10 Most Interesting Articles of the Month


We’ve trawled the innards of the internet to bring you a curated look at the world of impact investment, innovation, social businesses, critical thought and reflection, with a smattering of events and news.
 

1) For anyone that doubts a regular business can pivot to deliver profit and impact lockstep, here is more proof from a country that has been doing it for 15 years #ImpInv #SocImp #SocBiz https://unltd.org.uk/2017/04/11/goodwill-solutions-named-one-fastest-growing-businesses-europe/  

2)  "In my experience, all conversations about returns in Impact Investing devolve into a debate the “right” level of return without a broader conversation about whether this return is a result of or the ultimate purpose of the investment...

To be a successful impact investor, or player in an ecosystem funded by impact investments, one needs to have the willingness and the capacity to optimise for the health of the system, and not just one of its outputs (profits, or returns)"

https://sashadichter.wordpress.com/2017/04/18/the-third-plate-and-the-future-of-impact-investing/
3) The largest ever foundation-led impact investment. $1 Billion. This should send a clear signal to traditional philanthropy and governments of the power of #impinv to address society's most intractable problems through business models. https://www.fordfoundation.org/the-latest/news/ford-foundation-commits-1-billion-from-endowment-to-mission-related-investments/
4) No single govt can tackle homelessness. Innovative solutions must be borne between public+private sectors http://www.abc.net.au/news/2017-04-03/opening-an-empty-sydney-building-to-the-homeless/8405196
5)  Co Founder of Sydney based Social Change Central - Ann Lennon shares her thoughts on building a thriving social enterprise ecosystem https://www.impactboom.org/blog/2017/4/25/anne-lennon-on-building-a-thriving-social-enterprise-ecosystem
6) Vanuatu’s Tanna Coffee is buzzing after securing a $656,000 impact investment, working with The Difference Incubator http://anthillonline.com/vanuatus-tanna-coffee-is-buzzing-after-securing-a-656000-impact-investment/
7) Millennials believe social entrepreneurship makes a sustainable difference around the world now, using social media to collaborate with peers and find supporters, says new research.  http://www.campdenfb.com/article/millennial-mindset-philanthropy-and-impact-investing-revealed
8) Queensland’s first social impact bond tackles Indigenous disadvantage  http://www.themandarin.com.au/78223-queenslands-first-social-impact-bond-tackles-indigenous-disadvantage/
9) SIBs will become the norm for the way many of the more challenging public services are funded in years to come https://www.pioneerspost.com/news-views/20170503/social-impact-bonds-don-t-believe-the-hype
10) Shared value investing has now become a true asset class that has opened doors for groups such as the Myer philanthropic foundation to provide true risk capital for start-up business, according to new Myer Family Investments chairman Sidney Myer. http://www.theaustralian.com.au/business/companies/impact-investing-a-true-asset-class-myer/news-story/c4453b46f1dac04abda9ec4310fb3865

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Level 3 1060 Hay St Perth WA 6005

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