insf challenge presentation oct 2014
DESCRIPTION
IN Santa Fe's Social Entrepreneur ChallengeTRANSCRIPT
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In 2012 a small group that included Regenesis Group, the Story of Place Institute, Santa Fe Innovation Park, and a pair of local funders coalesced around the notion that an opportunity exists to grow a more robust local ecosystem for supporting impact investing and social enterprise through:
• Connecting individual efforts• Elevating perspectives to a systemic level• Building upon the unique qualities inherent in our local
region
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Designed and hosted a three-part working dialogue series on impact investing, engaging participants from the private, public, and philanthropic sectors
Spring, 2013
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• Made up of the leaders and other volunteers from the dialogue series
• The role of the team was to:o Identify governing principleso Identify local needs o Plan subsequent steps
Fall, 2013
Organizing Team
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Supply Side
• Education and capacity building among potential investors
• Development of a knowledge base to make more informed decisions
• Early successes to build investor confidence
Connections Between
Greater infrastructure and shared capacity for leveraging resources and increasing connectivity between stakeholders:• Information sharing and
social networks• Policy and regulatory
changes• Shared metrics systems• Investment pooling
vehicles • Investment intermediaries
Demand Side
• More, and more viable, local social enterprises that can be invested into
• Attract and build entrepreneurial talent to successfully drive these enterprises
Identifying Local Needs
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Building a collaborative community network for learning and experimentation, dedicated to building shared learning, information, capacity, and support for growing a more robust, place-sourced impact investing and social entrepreneurial ecosystem in the Santa Fe/Northern NM region (and other regions that wish to adopt this model)
LaunchedSpring, 2014
Phase 2
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Local Impact Investing
Infrastructure
Financial Investors
Web Platform
Value Adding Enterprises
INSF Challenge
Impact Metrics
InvestmentVehicles
Public Events/Series
SFAISoc Ent
Workspace
Startup Weekendw/SFBI
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Finance Innovation
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PlaceSystemic Impacts
(Aims/Goals/Indicators)
SectorOutcomes
EnterpriseOutputs
Indicators & Metrics
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Web Platformsfimpact.org
Thanks to a generous grant from the Santa Fe Community Foundation, INSF is in the process of developing a web platform to support the growth of our local impact investing and social entrepreneurial community.
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Startup Weekend
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Applications due Oct. 15th
The IN Santa Fe Challenge
Viable Business PlanEntrepreneur
Team
5-month accelerator
Integrated Business Plans that Leverage Systemic Impact in the Community
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Who Should Apply?
A mission-related business
looking to leverage their
impact
An existing organization
launching a new social venture
A new social venture start-up
An entrepreneur with a viable social
enterprise idea
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What Are We Looking For?
Commitment to Launch
Willingness to Learn and Test Assumptions
Viability of the Venture
Team Makeup (Skills, Experience and Track
Record)
Venture’s Potential for leveraging
Impact
Motivation and ability to commit to
the program
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Selection Process
Interview & Proposal Deadline
Mini-Application Deadline
Final Selection
Applicant Finalists Selected
Oct. 15th
Week of Oct. 20th
Nov. 10th
Nov. 17th
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How Will it Work?
December
January
February
March
April
Opening Public Event Opening Session: Orientation and Self- Diagnostic
Integration Session
Integration Session
Integration Session
Individualized Learning Plan
Capstone Public Event Closing Session: Tying it all
together
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What’s Being Offered?
Peer-to-Peer Support
Individualized mentoring and
coaching
Connection to a growing network of
impact investors
Organization & Business
development support
Support in developing an
integrated impact business plan
Free Business Promotion
Connection to a larger network of ongoing resources
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