We are facing a multitude of social challenges. Climate change, child and old-age poverty, the reform backlog in the education system, the integration of refugees, inclusion and demographic change are just a few examples.
Social entrepreneurship tries to use the potential of people for innovative solutions that have an entrepreneurial approach in common. Social entrepreneurship offers – alongside state-organised aid on the one hand and civil society engagement on the other – a third way to solve social problems.
Social entrepreneurs pursue the goal of positive social impact in their core business; social return comes before financial return.
Social entrepreneurs and their enterprises are characterised by the following criteria:
- An entrepreneurial approach is taken, i.e. products or services are offered for which there are paying customers.
- At the core of the business model is the creation of social added value, in the sense of contributing to the solution of a socio-ecological problem. This is also the reason for the company’s existence.
- A significant part of the company’s profits will be reinvested in social impact. In addition, the company should be managed in a socially responsible way.
You can find examples of social entrepreneurs among our members.
Here you can find exciting further information and literature on the topic of social entrepreneurship and social innovation.