roger allen chairman allen & buckeridge an early stage venture capital company
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Citizens with vision: The Impact of Social Entrepreneurship. Innovation and Entrepreneurship in Australia. Roger Allen Chairman Allen & Buckeridge An Early Stage Venture Capital Company. World Forum on Measuring and Fostering the Progress of Societies Istanbul 27-30 June 2007. - PowerPoint PPT PresentationTRANSCRIPT
Roger Allen
Chairman
Allen & Buckeridge
An Early Stage Venture Capital Company
Citizens with vision:
The Impact of Social Entrepreneurship
World Forum on Measuring and Fostering the Progress of Societies
Istanbul 27-30 June 2007
The Impact of Social Entrepreneurship
1. What do we mean by Social Entrepreneurship and Social Venture Capital?
Supporting the building of typically not-for-profit enterprises and following them through all stages of growth. Every enterprise we back has the full weight of our intellectual capital behind it, adding value and offering guidance through good times and bad.
Combining the experience of building early-stage companies and investing in enterprises where the return on capital is a social dividend outcome, focusing on delivering performance at every stage.
The Impact of Social Entrepreneurship
2. Differences between traditional philanthropy and Social Venture Capital
Traditional vs Social Venture Capital Low level of involvement High level of engagement
Passive Hyper active
No board seat Several board seats
Executive Director More like charity type of board
CEO More like corporate type of
board
Program funding Whole of enterprise funding
Short term funding Average < 1yr
Long term – milestone (5yrs +) Multiple rounds of funding
against performance milestone
Little or no funding for building management or enterprise infra-structure
Focus on building management team and organisation capacity:
- Governance
- Skills base
- Systems
The Impact of Social Entrepreneurship
Traditional vs Social Venture Capital Assumes tax deductibility Not necessarily tax deductible
“Commercial” business model leading to sustainability
More focus on inputs and throughputs
More focus on the measurement of outcomes
Partake in innovative and lateral thinking
Charity Investment
Grant Making Possible capital return Social dividend Leverage other contributions,
partnerships
2. Differences between traditional philanthropy and Social Venture Capital continued
The Impact of Social Entrepreneurship
3. Case Studies
1. Abbotsford Convent
2. Murdoch Children’s Research Institute Possum
3. Televentures
4. GetUp!
5. Inspire inspiring young people
The Impact of Social Entrepreneurship
Case Study: Abbotsford Convent (Melbourne, Australia)
Public Research
Expansion Development PublicMarkets
An ex-Convent site was rescued from major property development
Creation of a vibrant Arts, Hospitality and Education precinct with heavy community involvement
Creating a sustainable and accountable business model
The Impact of Social Entrepreneurship
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The Impact of Social Entrepreneurship
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The Impact of Social Entrepreneurship
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The Impact of Social Entrepreneurship
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The Impact of Social Entrepreneurship
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The Impact of Social Entrepreneurship
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The Impact of Social Entrepreneurship
Operating Income
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Financial Year
$
Operating Income 643 19,850 160,425 448,530 1,089,453 1,224,000
2003 2004 2005 2006 2007 2008
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The Impact of Social Entrepreneurship
Case Study: Murdoch Children’s Research Institute (Melbourne, Australia) Possum
Public Research
Early Stage
Expansion Development PublicMarkets
Launched in 1987. Web version launched in 2006
Turning pro-bono consulting into a world leading medical product
Dissemination of critical medical knowledge worldwide
Creation of a sustainable business model
500 centres in 50 countries / 3000 syndromes and 50,000 images
POSSUM is a computer-based system that helps clinicians to diagnose syndromes in their patients.
The POSSUM team is lead by Professor Agnes Bankier at The Murdoch Children’s Research Institute, Melbourne. It contains information on more than 3000 syndromes, including multiple malformation chromosomal and metabolic conditions and skeletal dysplasias. The comprehensive media base includes x-rays, diagrams and histopathology slides.
The Impact of Social Entrepreneurship
Case Study: Televentures (Sydney, Australia)
Public Research
Early Stage
Expansion Development PublicMarkets
Creating employment for unemployed people with disabilities
Overcoming prejudices in the workplace
Real business versus noblesse oblige mindset
The Impact of Social Entrepreneurship
Case Study: GetUp! (Sydney, Australia)
Public Research
Early Stage
Expansion Development PublicMarkets
The Early Stage Funding Gap
Using the latest online tools to empower grassroots participation in the democratic process
Creating new independent political movement to help build a progressive Australia
Seed capital and a sustainable business model
The Impact of Social Entrepreneurship
David Hicks Campaign
The Impact of Social Entrepreneurship
RU-486 Campaign
The Impact of Social Entrepreneurship
Vision To improve mental health and well-being of young people globally
Mission By combining the power of technology with the direct involvement of young people, we create opportunities for young people to change their world!
Objective 1
Help young people get through tough times
Objective 2
Help young people take action on important community issues
Objective 3
Improve mental health for under-served youth
Case Study: Inspire inspiring young people (Sydney, Australia)
Reach Out Act Now Bean Bag
The Impact of Social Entrepreneurship
Why do we need Reach Out ?- In the average Year 12 classroom, 7 young people have mental health
difficulties- Only 2 seek professional help – 5 don’t- At least 1 young person attempts suicide (Sawyer et al, 2000)
Reach Out can get to young people that traditional services could never access before
- Since Reach Out’s launch in 1998 youth suicide rates have dropped 46% (ABS 2005) don’t know how much the program actually contributed to the decline but believe it is significant
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The Impact of Social Entrepreneurship
How do we know it’s effective?
Access to Reach Out! 1998-2007
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007
No.
of u
ser
sess
ions
Total visitors to end May 2007
5.7 Million
May 2007
273,500 users
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