The REDF 2012-2013 Social Enterprise Academy is a twelve-month program uniquely designed to help not-for-profit organizations employ members of their target population, while simultaneously diversifying their revenue sources. This Academy is sponsored by REDF (www.redf.org), an intermediary and funder committed to growing social enterprises that employ those with special challenges. REDF’s core program provides grants and technical assistance to enable the growth of established California social enterprises. The Academy will support an additional eight organizations in determining the best earned income venture for their target population and in developing a rigorous implementation plan. The program combines teamwork, expert training and individualized coaching in a comprehensive approach to successful new business development.
Congratulations to the following organizations which were selected to participate:
Downtown Women's Center
Interfaith Community Services
Pacific Asian Consortium in Employment (PACE)
San Diego Second Chance
United Job Creation Council (UJCC)
United States Veterans Initiative
Teams from each of these organizations are attending six, full-day work sessions, which in combination with individualized coaching, will guide participants in identifying and vetting a product or service which has strong market potential and complements the organization’s mission, assets and client competencies. In conjunction with the development of their business plan, participants are also given a mentor to support them in creating a 10-minute “Pitch” which they will deliver to potential investors during the Academy Showcase. Following the Showcase, team leaders from each organization will continue to meet on a monthly basis to refine their plans and resolve challenges encountered during the launch process.
Stand by for some great new social enterprises!
The Academies for Social Entrepreneurship and UCLA’s Department of Economics begin the second-annual UCLA Social Enterprise Academy
The Academies for Social Entrepreneurship and UCLA’s Department of Economics, in the Division of Social Sciences, are pleased to announce the second-annual UCLA Social Enterprise Academy, featuring the talents of UCLA’s students, faculty and alumni. Ten local not-for-profit organizations were accepted for this year’s program. They are Concerned Capital, Disability Rights Center, Environmental Charter Schools, iHopeOC Inc, Jubilee Consortium, LaCAUSA Youth Build, Public Interest Pictures, reDiscover Center, Santa Monica YWCA and YouthSpeak Collective.
Each has a team comprised of staff, volunteers and UCLA economics students. Work sessions will be led by UCLA faculty and alumni with extensive business experience helped participants select the best enterprise idea, conduct market research, and create a business plan. Now each organization is preparing a pitch. Round One of the Academy’s Venture Competition will take place on May 24th. Three finalists will compete for $30,000 in cash prizes at a public symposium on Friday June 7th from 4 to 6 pm.
ASE staff share expertise at Social Enterprise Alliance Western Summit, in Los Angeles on September 13th and 14th
Over 200 leaders from the social purpose business, nonprofit, and social change sectors came together in Los Angeles for the Western Summit for Social Enterprise. The event included workshops, keynotes by visionaries in the social enterprise field, and tours of successful local social enterprises.
Topics covered included marketing, crowdfunding, scaling, and profitable partnerships for social enterprises. Notable plenary speakers and moderators included Carla Javits of REDF, Michael Hannigan of Give Something Back, and MacArthur Fellow Jim Fruchterman of Benetech.
The workshop titled ‘Pathways to Profitable Partnerships’ was introduced by Betsy Densmore, Founder and President of ASE, and lead by Archie Holton, ASE’s lead facilitator for Social Enterprise Leadership Forums. The workshop discussed how well-designed “passive social enterprise” generates revenue from the sale of someone else's product or service. The ‘how to’ style session helped participants brainstorm on how to best develop such opportunities. This workshop was especially relevant for small and medium size nonprofit organizations where the focus is on executing strategic alliances with local and mid-size businesses.
Densmore also curated a panel on Impact Investing in which panelists discussed who is involved in double bottom line investing, what is driving its’ growth and what kind of social enterprises are most likely to attract this kind of funding. Panelists Fran Seegull of ImpactAssets, Tina Castro of The California Endowment, and Marta Ferro of Starfish Impacts, addressed various topics including the “landscape” of Impact Investing and what attracts investors, Foundation approaches to Impact Investing, and related strategies such as micro-lending and crowd-funding.
The Social Enterprise Alliance’s aim is for social enterprise to reach its full potential as a force for positive social change, in service to the common good. To achieve this purpose, SEA provides social enterprises with the tools and resources to succeed, and works on building an optimal environment in which social enterprises can thrive. Membership in this national network has nearly doubled in the last year. ASE is a proud member of SEA and our staff were thrilled to contribute expertise and resources to the conference.
Academies for Social Entrepreneurship creates an eco-system of support that nurtures entrepreneurship and innovation in nonprofit organizations. Our "ASE In-the-News" section shares our on-going work and upcoming events.