Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Good Business, Social Enterprise

Social Enterprise Design Challenge Launches


Wednesday, 20th April 2016 at 10:30 am
Lina Caneva, Editor
Philanthropy and crowdfunding have joined together to provide a new funding opportunity for Australian Not for Profit social enterprises.

Wednesday, 20th April 2016
at 10:30 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Social Enterprise Design Challenge Launches
Wednesday, 20th April 2016 at 10:30 am

Philanthropy and crowdfunding have joined together to provide a new funding opportunity for Australian Not for Profit social enterprises.

The English Family Foundation has teamed up with crowdfunding platform StartSomeGood to develop a matched funding program to support Not for Profit social enterprises to test and design new concepts for creating social change.

The organisations said the initiative was aimed at “targeting ambitious leaders who are finding new and innovative solutions to tackle the most pressing issues within our communities, and who need a little help to achieve this”.

As part of the Social Enterprise Design Challenge, four organisations will be supported to run a crowdfunding campaign with the foundation providing the first 50 per cent of each of the four finalists’ funding goal, up to a total of $15,000 per organisation, which needs to be matched by the community.

“We are passionate about assisting emerging social enterprises to put their ideas into action and realise their vision for creating change in our world,” founder of the English Family Foundation and Queensland entrepreneur, Allan English, said.

“We are hoping that this matched crowdfunding campaign will allow organisations to gain the funding to try something a bit different and to gain the support of their community to achieve this.

“The motivation to try a new approach came out of research by the English Family Foundation which has shown that this early stage can often be make or break for those ideas which could potentially revolutionise society. Support at this initial stage is therefore crucial to future success.

“The English Family Foundation believes strongly in the power of community based engagement and that by linking giving to funds contributed by the community through crowdfunding we can ensure that their support goes to projects with a strong grounding in and enthusiasm from that community.”

StartSomeGood CEO Tom Dawkins said: “One of our passions at StartSomeGood is better connecting the social enterprise funding ecosystem by bringing together two forms of funding otherwise seen as very far apart – from institutions and from the crowd”.

He told Pro Bono Australia News it was “a rare opportunity for social enterprises specifically to propose innovative untested approaches to creating community impact, and a bold step for a foundation like the Allan English Foundation to work with a crowdfunding platform in this way”.  

“It is an honour to work with [a] foundation that is looking for new ways of creating a bigger impact. We believe this challenge does that and we look forward to helping to launch exceptional crowdfunding campaigns to support four innovative new social enterprises.”

The opportunity is open to Australian organisations with deductible gift recipient status running or launching a social enterprise.


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

FEATURED SUPPLIERS


Yes we’re lawyers, but we do a lot more....

Moores

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Grants to Match Art Crowdfunding Campaigns

Staff Reporter

Friday, 23rd October 2015 at 2:29 pm

Crowdfunding for Social Impact Projects

Lina Caneva

Wednesday, 1st July 2015 at 10:23 am

NFP Speed-Funding Reaches $1M Milestone

Lina Caneva

Thursday, 25th September 2014 at 10:51 am

Crowdfunding: CSR’s New Frontier

Lina Caneva

Wednesday, 10th September 2014 at 9:49 am

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Donors Looking for a Personalised Experience to Give More – Study

Lina Caneva

Wednesday, 8th November 2017 at 1:43 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


NDIS Criterion
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!