SOCIAL ENTERPRISE DEVELOPMENT FUND 2019 DEADLINE 25TH JANUARY 2019

Brigid Geoghegan
Brigid Geoghegan • 9 January 2019

SOCIAL ENTERPRISE DEVELOPMENT FUND 2019

 

WHAT IS THE SOCIAL ENTERPRISE DEVELOPMENT FUND?

The Social Enterprise Development Fund is a €1.6 million fund which will be delivered over two years: 2018 – 2020. The fund was created by Social Innovation Fund Ireland (SIFI) in partnership with Local Authorities Ireland and funded by IPB Insurance and the Department of Rural and Community Development.

The Department of Rural and Community Development provides match funding for all philanthropic funds raised by Social Innovation Fund Ireland, through the Dormant Accounts Fund. IPB Insurance is an Irish owned general insurance company which protects and supports their local authority members and their communities across the length and breadth of Ireland.

 

FUND OBJECTIVE

The objective of the fund is to find and back social enterprises that add to the social and economic fabric of their community by way of social impact. The fund will provide critical support to the most innovative and high-impact social enterprises across Ireland, helping them to:

  • Increase their social impact
  • Increase their traded income
  • Create more jobs
  • Develop long-term, effective and sustainable social enterprises
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WHAT IS A SOCIAL ENTERPRISE?

Social enterprises are organisations whose mission is to have a positive effect on society. They generate revenue through their products or services and reinvest their profits back into their social mission.

Social enterprises are innovating every day by inventing and developing solutions to Ireland’s most pressing social issues. They are creating jobs, tackling disadvantage and supporting community development.

We believe there is a need to foster and invest in these social enterprises to allow them to grow and spread their solutions throughout the country.

 

WHAT DOES THE FUND OFFER?

Cash Grants

In 2019, the fund will support up to 16 Social Enterprises with cash grants and a place on the Accelerator Programme.

  • Two Social Enterprises will receive a cash grant of €50,000 
  • Two Social Enterprises will receive a cash grant of €30,000
  • Two Social Enterprises will receive a cash grant of €20,000
  • Ten Social Enterprises will receive a cash grant of €10,000 

minimum of three winners will come from each of the Urban, Town and Rural categories. 

 

The Accelerator Programme

All successful applicants will win a place on Ireland’s only National Accelerator Programme specifically designed for social enterprises. The Accelerator Programme will equip social enterprises with the skills they need to scale up and deepen their social impact.

This intensive and practical 6-month programme provides training from best-in-class experts in the private, non-profit and public sector on key functions such as Strategic Planning, Impact Measurement, Financial Management, Governance, Business Modelling, Pitching, Storytelling and more. The Accelerator Programme also includes the financing of bespoke business and mentoring supports tailored to the needs of each organisation, such as market research, marketing plans and online impact strategies.

 

By joining the programme, organisations will also gain access to a peer network of the best social enterprises in Ireland.

The grants will be awarded to the best social enterprises in each of the following categories:

  • Best Social Enterprises – Urban
  • Best Social Enterprises – Town
  • Best Social Enterprises – Rural

 

Further Investment 

At the end of the Accelerator Programme, all successful social enterprises will have the opportunity to pitch for a share of an additional €100,000.

This further investment will be granted to the social enterprises which demonstrate the greatest potential for future impact and growth.

Further Investment 

At the end of the Accelerator Programme, all successful social enterprises will have the opportunity to pitch for a share of an additional €100,000.

This further investment will be granted to the social enterprises which demonstrate the greatest potential for future impact and growth.

 

“The SED Fund has been hugely beneficial to Sensational Kids by further strengthening our ability to grow and scale our social impact. The investment has enabled us to add much-needed resources to facilitate our growth. The accelerator programme has proven to be extremely valuable by providing Sensational Kids with additional learning opportunities that will continue to add value to our social enterprise for many years into the future. This combination of investment and participation in the accelerator programme has given us the building blocks to enable us to progress even further with transformational social change. Being part of a programme that is led by experienced social entrepreneurs who value and understand our journey, has been invaluable.” Karen Leigh Founder & CEO, Sensational Kids CLG

 

WHO CAN APPLY?

We are seeking applications from social enterprises that:

  • Have a clear social mission that addresses a critical social issue
  • Generate income from goods or services
  • Are already up and running
  • Reinvest any surplus into achieving their mission
  • Have a not-for-profit legal form
  • Are separate from Government and State Agencies
  • Have their main impact in the Republic of Ireland

 

The Social Enterprise Development Fund Criteria

The key criteria that applicants will need to demonstrate are:

  • How does the social enterprise impact on a critical social issue
  • How the social enterprise is or has the potential to be a sustainable business, generating traded income from goods or services

The applications will also be assessed on how well they demonstrate that the social enterprise:

  • Is innovative in an Irish context
  • Has the potential to scale or replicate in Ireland
  • Has the potential to create additional jobs

 

HOW TO APPLY TO THE FUND

The Social Enterprise Development Fund has been streamlined in order to allow for a more efficient open-call for applications. This year the open-call comprises of two stages:

 

Stage 1

Applications are open from the 15th November until the 25th January. At this point, applicants are invited to complete a short application form. Based on this initial form, Social Innovation Fund Ireland will identify a shortlist of applicants who have met the basic minimum criteria.

 

Stage 2

Shortlisted applicants will be invited to complete a more detailed application form on request. The submission deadline for the second stage of the application is 28th February 2019.

 

Interviews

Finalists will be invited for an interview which will take place between the 1st and the 12th of April 2019.

 

OTHER IMPORTANT DATES

Announcement of Awardees

The winners will be informed before the end of May 2019, with an awards announcement event to take place shortly afterwards.

The Accelerator Programme

The Accelerator Programme will take place between June and December 2019. During this period the awardees will be expected to attend workshops, approximately once per month, and to meet with their consultants or mentors on a regular basis.

Applying for a share of the €100,000

Towards the end of 2019, the awardees will be invited to submit a proposal and pitch for a share of the additional €100,000. This further investment will be granted to the social enterprises which demonstrate the greatest potential for future impact and growth.

Showcase Event

To celebrate the impact of the awardees, to mark the end of the Accelerator Programme and to announce the winners of the share of the €100,000 a showcase event will be held in early 2020.

 

Click here to apply

The deadline for applications is the 25th of January 2019

Shortlisted applicants will be invited to submit additional information in February 201