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.

Leveraging Finance 4 positive Social Change
Start date
End date
Budget in Euro
Overall: 2013975
ERDF Contribution: 1490432,5
IPA Contribution: 100321,25
ENI Contribution: 121125
Call number
Call 2
Innovative and socially responsible Danube region
Specific objective
Increase competences for business and social innovation


As soon as the project achieves an output, it will be published in this section. Check the project webpage for more information
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Project Partners

Name Type Email Country
IFKA Public Benefit Non Profit Ltd. for the Development of the Industry Lead partner HUNGARY
ZSI Centre for Social Innovation ERDF partner AUSTRIA
Financing Agency for Social Entrepreneurship ERDF partner GERMANY
Executive Agency for Higher Education, Research, Development and Innovation Funding ERDF partner ROMANIA
BSC, Business support centre L.t.d., Kranj ERDF partner SLOVENIA
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Project News

  • Finance4SocialChange - Preparations for the Pitching Event in Budapest
    - 07-06-2019
    Preparations for the Pitching Event in Budapest

    On 5 June, 8 social enterprises from 5 Danube Region countries have participated in the mentoring Pitching Repair Session to prepare for delivering their presentations in front of the jury during the final conference of SENSES project on...

  • Finance4SocialChange - Video about our F4SC project
    - 13-03-2019
    Video about our F4SC project

    Video about the project, partners, beneficiaries, meetings... All about F4SC in pictures.

  • Finance4SocialChange - Thematic Capitalization Workshop in Budapest
    - 07-02-2019
    Thematic Capitalization Workshop in Budapest

    Workshop was held in Budapest in January 2019 and was a good opportunity for interaction between the project partners of Finance4SocialChange project and other project focused on social enterprises and funded by 3 different Interreg programmes,...

  • Finance4SocialChange - 2nd Regional Stakeholder Group Workshop in Budapest
    - 07-02-2019
    2nd Regional Stakeholder Group Workshop in Budapest

    Regional Stakeholder Group Workshop hosted by IFKA on February 05 in Budapest was an opportunity for the key players in the social enterprise field of Hungary to meet and discuss the possible cooperation. 17 participant representing financial...

    - 10-12-2018

    As a 100% spin‐off of Steinbeis‐Europa‐Zentrum (SEZ), Steinbeis 2i GmbH acts as a junction between economic stakeholders, policy makers on the one hand and Research and Technology Organizations on the other hand. With the...

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Programme co-funded by European Union funds (ERDF, IPA, ENI)