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Roger Allen Chairman Allen & Buckeridge An Early Stage Venture Capital Company Citizens with vision: The Impact of Social Entrepreneurship World Forum.

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Presentation on theme: "Roger Allen Chairman Allen & Buckeridge An Early Stage Venture Capital Company Citizens with vision: The Impact of Social Entrepreneurship World Forum."— Presentation transcript:

1 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

2 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.

3 The Impact of Social Entrepreneurship 2. Differences between traditional philanthropy and Social Venture Capital TraditionalvsSocial 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

4 The Impact of Social Entrepreneurship TraditionalvsSocial 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

5 The Impact of Social Entrepreneurship 3. Case Studies 1.Abbotsford Convent 2.Murdoch Childrens Research Institute Possum 3.Televentures 4.GetUp! 5.Inspire inspiring young people

6 The Impact of Social Entrepreneurship Case Study: Abbotsford Convent (Melbourne, Australia) Public Research ExpansionDevelopmentPublic Markets 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

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14 The Impact of Social Entrepreneurship Case Study: Murdoch Childrens Research Institute (Melbourne, Australia) Possum Public Research Early Stage ExpansionDevelopmentPublic Markets 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 Childrens 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.

15 The Impact of Social Entrepreneurship Case Study: Televentures (Sydney, Australia) Public Research Early Stage ExpansionDevelopmentPublic Markets Creating employment for unemployed people with disabilities Overcoming prejudices in the workplace Real business versus noblesse oblige mindset

16 The Impact of Social Entrepreneurship Case Study: GetUp! (Sydney, Australia) Public Research Early Stage ExpansionDevelopmentPublic Markets 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

17 The Impact of Social Entrepreneurship David Hicks Campaign

18 The Impact of Social Entrepreneurship RU-486 Campaign

19 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 OutAct NowBean Bag

20 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 dont -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 Outs launch in 1998 youth suicide rates have dropped 46% (ABS 2005) dont know how much the program actually contributed to the decline but believe it is significant continue

21 The Impact of Social Entrepreneurship How do we know its effective? Total visitors to end May 2007 5.7 Million May 2007 273,500 users continue


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