Creating a Robust Ecosystem for Social Businesses: Challenges and Opportunities
The success of social businesses depends on the ecosystem that is built to incubate and support them until they become profitable ventures. This depends on the complex interdependent systems, institutions, and networks that enable social ventures to flourish. While funders and investors focus on the funding aspect they should also take care of various other variables that help social businesses thrive and grow. Ecosystem building is a multifaceted task and unless this is focused upon it is difficult for social businesses to become sustainable.
AVPN members UnLtd India and Villgro Innovations Foundation are successfully facilitating social businesses to start, thrive and grow, through their relentless strategic support. Listen to them share their experiences and learnings.
- Briefly outlined the growing world of philanthropy, the spectrum of organizations that qualify for investing in social business, and the methods they use.
- Brought out the nuances of eco-system building and how funders across the continuum of capital as well as corporates, can help build it by making informed choices.
- Provided a brief overview of how social enterprises can best leverage the ecosystem.