One Church One Hundred UsesSocial Entrepreneurs:

Backing people with passionCliff Prior

UnLtd: the Foundation for Social Entrepreneurswww.unltd.org.uk

www.unltdworld.comtwitter @UnLtd

http://www.facebook.com/UnLtd

UnLtdReaching out and unleashing the energies of people to

transform the world in which they live.

We call these people social entrepreneurs.

Working for:

A world where people act to make it better

www.unltd.org.uk

Back people first, projects second

Communities which face problems contain the people who will create

the solutions

Minimise bureaucracy, maximise opportunity, trust judgement, back

hunches

If there is a question about what is best, act and then learn from the

results

UnLtd philosophy

We support a social entrepreneurs from first steps to scaling up

UnLtd Advantage and Level 3 support focuses on replication and scaling up with investment readiness support and brokerageLevel 2 support focuses on freeing up an individual’s time to develop a projectLevel 1 support focuses on first steps, building entrepreneurial capacity

UnLtd* position in the sector: early stage and needing support

UnLtd*

Others

Money

Support

Early Later

AWs

AWs

UnLtd strategy for the austerity age Social and community entrepreneurs at the heart

of rebuilding our society They are plentiful and create major benefits So get more support and more local support for

community level social entrepreneurs Drive growth in the social ventures with highest

potential for scale, to replace public services Reducing regulatory & other barriers to entry: eg

venture-lite model, altered procurement Build the ecosystem of support for social

entrepreneurs and their ventures www.unltd.org.uk/socialfuture

Some real stories...

Annys Darkwa: Vision HousingPhil Conway: Cool2CareMatthew Bolton: Living Wage CampaignBasharat Najib: Voice of AstonAlex Grayson: Empower

Who are Social Entrepreneurs?238,000 people trying to start (0.4%)

1.7m people leading one now (2.8%)

Majority small / 90% informal

Gender balanced

Peak age 30 - 45

40% Minority Ethnic (cf 10% average)

53% degree or professional

A third from 20% most deprived areas

The power law of numbers vs scale

1K giants

Benefits and impact

Economic impact* Social impact* Social innovation* Social capital* Confidence to act*

DiversityCommunity Health Employment Sport Social care Housing Refugees Criminal justice Food miles RecyclingCarbon reduction Community regenEducation Digital social Advice Volunteering Faith Gang culture Campaigns Training Organic food Regeneration Youth work Safety Heritage Culture Peace building Crowdsourcing Social investment Fair finance And things so lateral they defy description

What are the qualities you

need for success as a social

entrepreneur?

All these

Motivated

CommittedSolution

focused

Talented

Strong Vision

Seize opportunity

Can do

Resilient

Resourceful

Determined

Passionate

Entrepreneurial

person Risk taker

Willing to make

sacrifices

Self aware

And none of these

Motivated

CommittedSolution

focused

Talented

Strong Vision

Seize opportunity

Can do

Resilient

Resourceful

Determined

Passionate

Entrepreneurial

person Risk taker

Willing to make

sacrifices

Self aware

Idiosyncracy

Rules OK!

There are many ways to be a

social entrepreneur

Innovation or replication?

Innovation * Implementation * Applying something to a new field * Replication *

What is the currency?

Money * People power * Trust * Media/celebrity *

What is the market?

Business to business* Public service contract * Fundraising *Community support *

What style of leadership?

Charismatic * Visionary * Operational *Barrow boy/girl * Professional *

Two major motivations

Biographic * Career *

...trending towards a mix

Two key notes to remember

You don’t have to be a saint * You don’t have to be a superhero *

Halos Lycra

4 Tips for success

Be selfish! * Don’t do it all yourself *Big vision small steps * Cash is king *

5 hints

Don’t wait – do it! * Network like crazy *Use mistakes as free education * Place yourself in the path of luck *

Raising resources

Person, idea, deliverySeed > angel > VCCharity-socent-socbiz Cash-talent-connectionPartners, value chainLean design

So what are you going to do about it?www.unltd.org.ukwww.unltdworld.comtwitter @UnLtdwww.facebook.com/UnLtd

For profit

Start up business

SME business

Big business

Blended return

Start up social entrepreneur

Major social enterprise

For social benefit

Community venture

Top 100 charity

Early stage

Growing Big scale

The Pipeline is fragmented:

First

Trading

Early

stage

£1m

plus

Later

stage

L2L1 L3L0

Pre

entry

Thinkers

Starters

Doers

Scalers

Builders

£100k -

£500k

Trading

record

Gap for initial

risk capital

Supply of risk capital for

growth has improved in

UK

Gap in support