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
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

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 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
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Project News

  • Finance4SocialChange - BRINGING TOGETHER ACTORS FROM BADEN‐WÜRTTEMBERG AND FROM THE UPPER AND LOWER DANUBE
    - 10-12-2018
    BRINGING TOGETHER ACTORS FROM BADEN‐WÜRTTEMBERG AND FROM THE UPPER AND LOWER DANUBE

    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...

  • Finance4SocialChange - INVITATION FOR INTERESTED STAKEHOLDERS TO COOPERATE
    - 10-12-2018
    INVITATION FOR INTERESTED STAKEHOLDERS TO COOPERATE

    Franja Gabrovsek Schmidt, representative of Regional development agency Gorenjska – BSC Kranj, presented Finance4SocialChange project on the "9. Days of social economy", a traditional event in Slovenia where interesting topics and project...

  • Finance4SocialChange - PRESENTATION OF F4SC IN ROMANIA
    - 10-12-2018
    PRESENTATION OF F4SC IN ROMANIA

    F4SC was presented at the @ETC University in Bucharest during three days of intensive work on SmarTransnational Cooperation and capitalisation on projects results.  F4SC partner organisation in Romania, UEFISCDI, attended and represented the...

  • Finance4SocialChange - MEDIA CAMPAIGN IN SERBIA
    - 10-12-2018
    MEDIA CAMPAIGN IN SERBIA

    Serbian Chamber of Commerce and Industry CCIS ( Privredna komora Srbije) launched a media campaign to present F4SC project. Via articles in a national newspaper with largest circulation and TV report all local activities carried out so far and...

  • Finance4SocialChange - REGIONAL STAKEHOLDER MEETING IN SLOVENIA
    - 10-12-2018
    REGIONAL STAKEHOLDER MEETING IN SLOVENIA

    Regional development agency Gorenjska, BSC Kranj implemented regional stakeholder group meeting. Current state of art in the region in social entrepreneurship, exchange of good and bad practices, as well, in the field of social impact...

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