social delta

Consulting and support for social enterprise in Canada

Tag: social finance

Community Impact Bond: invest in social innovation through HUB Ottawa

Impact Hub Ottawa has been in existence for more than five years providing space, resources, information and a network to many of Ottawa’s most progressive citizens and organizations. They have recently moved to a new location as they continue to grow.

The staff and board of HUB Ottawa are hosting a mix and mingle event in which they will share their growth plans, launch their new Community Impact Bond opportunity and answer any questions you may have about this new investment vehicle.  If you are interested in investing in the changemakers, innovators, and social entrepreneurs making our city a better place to live, you’ll want to attend their information session.

Monday May 8th, 5:30-7pm at 123 Slater, 6th floor

This community bond offers a fixed rate of return based upon either a 2 or 5 year term. You can download a more complete prospectus at the HUB Community Bond Offer.  For more information, you may always connect with Katie Miller, HUB Ottawa’s Managing Director to discuss the opportunity further. Her full contact details are in the prospectus. I also recommend that you visit the HUB website to learn more about the programs and services offered by HUB Ottawa.

It is exciting to see Ottawa  offer social investors an opportunity to participate in creating a more vibrant, just, and healthy city;  I encourage you to find out more.

Funding–yes grant money–to reduce homelessness

Employment And Social Development of the Government of Canada recently launched two calls for proposals for innovative projects that aim to prevent and reduce homelessness. This is an excellent opportunity for social entrepreneurs with a social mission related to homelessness.

Below is a message they have sent out to be shared:

The call for proposals for microgrants has been extended and will end on November 14, 2016.

  • The call for proposals for microgrants – Apply for funding up to $25,000 for small-scale projects. Projects must focus on exploring effective and innovative practices, tools or initiatives that prevent or reduce homelessness in Canada.

Note that there is also a more comprehensive funding program for larger scale initiatives, also with a deadline of November 14, 2016. For more information, please visit the Innovative Solutions to Homelessness funding page.

Why invest in a social enterprise that doesn’t break even?

The goal of a social enterprise is to create positive social change.

To sustain its social impact it has to make enough money to pay all its expenses… in order to remain financially viable, correct?

Would you believe that a $50K investment in a financially unsustainable social enterprise (generating revenue that never exceeds 80% of its costs) can still create more than four times the social impact than making the same donation to charity, while at the same time creating more than $360K in retained earnings, keeping the business in operation over 22 years without any further investment?

There is a strong case to make a social investment in a business that doesn’t break even. If your investment goals are to create social change, then better to invest in a business that can use your money to multiply the social benefit.

Read my guest blog post at SEEChange Magazine for the full story and calculations.

Help to support fair wages for global garbage pickers

One of Social Delta’s friends, Plastics For Change, has launched an Indiegogo campaign to raise money to launch their global platform to support a fair market economy for those on the globe who make a living collecting plastic from the world’s oceans and beaches.

The brain behind this concept is Andrew Almack,  and we’ve been working with Andrew for several months and have been amazed by his knowledge, drive, and commitment to this issue.  Social Delta has no doubt that this business will significantly improve the lives of thousands of individuals living in poverty, while simultaneously help to clean the world’s water of a  growing plastic menace.

Join Social Delta as a contributor to the Indiegogo campaign today, and learn more about how Plastics For Change is a force for good on our planet.

 

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