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• Ontario’s strategy to become North America’s leading jurisdiction for social enterprise

• A $25M investment in Ontario’s social enterprise ecosystem

• Support the creation of 1,600+ new jobs in the sector

• Part of Ontario's Plan for Jobs and Growth to support a dynamic and innovative business climate

Bring Food Home Conference – November 2013

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There are around 10,000 social enterprises in Ontario.Source: Social Economy Centre, University of Toronto

What Do Social Enterprises Look Like?

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Social Enterprise Sector

Charitable andNot-for-Profit Organizations

OutcomesSocial (Charitable) Financial (Commercial)

Traditional Business Applying Corporate

Social Responsibility

Revenue Generating,Not-for-Profits

For Profit, Social Purpose Business

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Ontario’s social enterprises employ more than 160,000 people serving 3.4 million customers per year. They create opportunities for the people they work with and the communities they serve.

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An Ontario Social Enterprise Chronology

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2007SiG@MaRS

formed

2008 Ontario

Innovation Agenda

2008 Poverty

Reduction Strategy

2011 Partnership

Project releases report

2009 Social Finance

Task Force releases report

2011 Social

Innovation Summit and

Wiki

2011 Expansion of

Ontario Network of

Entrepreneurs (ONE)

2012 Office for

Social Enterprise

formed

2013 Launch of Impact - A

Social Enterprise

Strategy for Ontario

Ontario's New Office for Social Enterprise

Created in November 2012

Part of the Ministry of Economic Development,

Trade & Employment

Connect and promote Ontario’s social entrepreneurs. Work in and out of government to support social enterprises. Attract more businesses to deliver social good while generating revenue for Ontario.

Impact: A Social Enterprise Strategy

for Ontario

Launched in September 2013

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3.CREATING A

VIBRANT SOCIAL FINANCE

MARKETPLACE

4.DELIVERING INNOVATIVE

SUPPORTS AND SOLUTIONS

2.BUILDING THE

SOCIAL ENTERPRISE

BRAND

1.CONNECTING,

COORDINATING AND

COMMUNICATING

Impact Strategy: The 4 Pillars

Office For Social Enterprise

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• Collect baseline data on the sector, including job creation and economic impact.

• Introduce legislation to enable the creation of “hybrid corporations.”

• Publish an annual report to track progress and identify areas for learning.

• Launch an Open for Business Roundtable process to identify and resolve administrative and regulatory burdens.

Pillar 1: Connecting, Coordinating, Communicating

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• Host Impact Ontario in March 2014, in partnership with MaRS, SOCAP and RBC to give international investors opportunities to connect with Ontario's best and brightest social entrepreneurs.

• Launch SEOntario.org – a one stop information web portal where entrepreneurs can access services and supports.

• Increase the reach of ONE, the Ontario Network of Entrepreneurs, to support and promote social enterprises.

Pillar 2: Building the Social Enterprise Brand

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• Promoting the new Social Venture Connexion (SVX), an online investment platform and the first of its kind in North America.

• Pilot at least one Social Impact Bond (SIB) in partnership with innovative service providers and impact investors.

• Launch the $4M Social Enterprise Demonstration Fund to pilot social finance projects across the province.

• Make new social finance tools available, including crowdfunding.

Pillar 3: Enabling a Vibrant Social Finance Marketplace

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The Ontario Catapult Microloan Fund for Social Entrepreneurs

• In January 2013, the Minister of Economic Development and Innovation approved a grant of $250,000 to the Centre for Social Innovation (CSI) to establish a pilot-scale Social Enterprise Microloan Fund.

• CSI leveraged $350,000 from private investors to implement and fully administer a $600,000 microloan fund (provides low-interest loans plus services and supports) to eligible Ontario-based social enterprises.

• Partners include:

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• Open government procurement processes to social enterprises through a pilot program for the 2015 Pan Am/Parapan Am Games.

• Invest in Aboriginal social entrepreneurship.

• Work with impact investors and social finance experts to address data gaps.

Pillar 4: Delivering Services, Supports and Solutions

Potential Social Enterprise LinkagesEntrepreneurs in agricultural sector may face similar challenges as other social entrepreneurs. These issues may include:

o Access to capital o Branding and awarenesso The need for flexible business models

We are working on two key initiatives to address these issues:o Hybrid Legislationo Marketing initiativeso New Social Finance Tools

Find out more:

ontario.ca/socialenterprise social.enterprise@ontario.ca

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@OntarioSE