Finance4SocialChange Leveraging Finance 4 positive Social Change
Social entrepreneurship (SE) has become increasingly relevant in today’s economic setting as social changes have mounted,(World Economic Forum, 2017) while at the same time, public funds in many countries are under pressure. The Danube region currently lags behind global trends in the field of SE and social impact investments (EVPA Annual Survey, 2016). Statistics show that only 2% of global social impact investment (with a potential for growth of up to 450 billion EUR by 2019) is targeted towards the Danube region social enterprises, compared to 78% reaching Western Europe. Evidence shows that in the Danube region, there is lack of "blended" financial instruments which would complement non-repayable grants with new forms of finance (venture capital,equity,impact investments microcredit, and fundraising). In addition there is a lack of impact investors and policies to support the improvement of social impact investment markets.
Finance4SocialChange brings together a multi-disciplinary quadruple-helix partnership of 14 partners from 12 countries, 6 ASPs from across Europe to deliver improved policy learning, and develops practical solutions on impact investing to better shape the regulatory framework for the proper functioning of the social financing sector in the Danube region. Finance4SocialChange works towards creating the first "Social Impact Investment Strategy for the Danube region"by paving the way for promoting more social innovations and social impact investment ready social enterprises. The project delivers 130 hours of "blended" learning experiences through the ”Social Impact Investment Transnational Design Academy”, and launches the first "Business Plan Competition" warm-up 2-stage investment ready competition", funded through EUR 200,000 investment capital. A mentorship pool, the "Social Impact Investment Community Council" will be established to provide mentoring to scaling up SEs,and will continue beyond the lifetime of the project by merging with GSEN.
- Start date
- 01-07-2018
- End date
- 30-06-2021
- Budget in Euro
- Overall: 2013975
- ERDF Contribution: 1490432,5
- IPA Contribution: 100321,25
- ENI Contribution: 121125
- Call number
- Call 2
- Priority
- Innovative and socially responsible Danube region
- Specific objective
- Increase competences for business and social innovation
Library
Project Partners
| Name | Type | Country | |
|---|---|---|---|
| IFKA Public Benefit Non Profit Ltd. for the Development of the Industry | Lead partner | finance4socialchange@ifka.hu | HUNGARY |
| ZSI Centre for Social Innovation | ERDF partner | weiss@zsi.at | AUSTRIA |
| Financing Agency for Social Entrepreneurship | ERDF partner | mfreiburg@fa-se.de | GERMANY |
| Executive Agency for Higher Education, Research, Development and Innovation Funding | ERDF partner | marius.mitroi@uefiscdi.ro | ROMANIA |
| BSC, Business support centre L.t.d., Kranj | ERDF partner | helena.cvenkel@bsc-kranj.si | SLOVENIA |
Project News
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Finance4SocialChange - SAVE THE DATE - Meet us at CEE Impact Day in Vienna
- 03-10-2018
Finance4SocialChange partners will participate in the CEE Impact Day in Vienna this week (Thursday - Friday). Meet us there and join our efforts! More information: https://ceeimpactday.org/#agenda
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Finance4SocialChange - Finance4SocialChange Opening Conference in Budapest
- 30-09-2018
We proudly present that the official Opening Conference of Finance4SocialChange has been successfully organized in Budapest on the 26-27 September 2018. Our invited guest speakers and project partners delivered great presentations and shared...
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Finance4SocialChange - Thematic Pole 3 at the DTP Capitalization Workshop
- 30-09-2018
On the 28 June 2018, Thematic Pole 3 leader, IFKA Public Benefit Nonprofit Ltd. for the Development of the Industry joined the DTP Capitalization and Communication Workshop addressed to strengthen cooperation between running DTP projects. To...
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Finance4SocialChange - We joined the INTERREG Danube Programme Lead Partner seminar
- 30-09-2018
On the 27 June 2018, representatives of IFKA Public Benefit Nonprofit Ltd. for the Development of the Industry joined the Lead Partner seminar to learn more about the DTP Programme and its reporting requirements! It was great fun and a lot of...
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Finance4SocialChange - Finance4SocialChange project officially lanuched!
- 30-09-2018
It is a privilege and a great pleasure to announce that Finance4SocialChange project financed under the INTERREG Danube programme has officially started! Working together with 14 partners from 12 countries, 6 ASPs from across Europe, our mission...
