Social Entrepreneurship Workshop

Monday 15 April

Ideas Challenge1,000 words for $1000

Ideas Challenge - Due 7 MayTeam Name:

Public Disclosure Summary [150 words maximum, not included in 1,000 word limit] Briefly describe the venture, without disclosing any confidential or commercially sensitive information

S1. What is your idea? (40%) What is the product or service you are trying to sell? What problem/opportunity does your product/service address?

[Idea]

S2. Describe your market / who is your target audience (40%) Who, specifically, will you sell/provide services to? How big this market? Why will they buy your product/service? And how do you know this? Who are your competitors? For social ventures: Who is your venture targeting and what is the size of this target group (target market)? Why will people use your product / service and how do you know this? Are their similar organisations addressing this issue? What is the impact your venture will have on your identified target market

[Market]

S3. Describe your team (15%) Include a brief description of each team member and the role they will play in the venture.

[Team]

S4. What resources do you have or need to continue the development of your idea? (Be brief) (5%)

What is Social Entrepreneurship?

Chris WoodsDeb Shepherd

Social EntrepreneurshipCommercial Entrepreneurship

What are the differences?

What are the similarities?

Social entrepreneurs play the role of change agents in the social sector, by:• Adopting a mission to create and sustain social value (not just

private value),• Recognizing and relentlessly pursuing new opportunities to serve

that mission,• Engaging in a process of continuous innovation, adaptation, and

learning,• Acting boldly without being limited by resources currently in hand,

and• Exhibiting heightened accountability to the constituencies served

and for the outcomes created.(Lees, 1998; p 4)

Think again?

“Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced.”

(Timmons, 1999; p 27)

Motivation aside, is there really a difference?

“Social entrepreneurs are one species in the genus entrepreneur” (Dees, 2001; p 2)

Opportunity in social entrepreneurshipo Identify

Have you identified a real need? Or just an interest of yours?

o Evaluate Apply some critical business eyes over the reality of the situation and your idea.

o Exploit MAKE IT HAPPEN! Venture summary – business planning (IT’S A VERB!)

The reader should be left with no doubt as to your ability to execute… present a compelling case, don’t just rely on people getting caught up in your passion.

Adaptation of the Business Model Canvas

Example of a Social Enterprise:I Am Challenge

Dan Callum

Ideas Challenge template

Chris & Deb

Break

Example of a Social Enterprise:Savy

James Ruddell

Measuring the ImpactResourcing your Social Venture

Geoff CooperAotearoa Development Cooperative

Judge’s session

Darsel Keane

What Judges Look ForS1. What is your idea? (40)What is the product or service you are trying to sell? What problem/opportunity does your product/service address?

• Originality and innovation of idea – is there a ‘WOW” factor?• Is it feasible/logical/accomplishable?• How close is the idea to implementation?• Is it scalable? In and beyond NZ?

S2. Describe your market / target audience (40)Who, specifically, will you sell/provide services to? How big this market? Why will they buy your product/service? And how do you know this? Who are your competitors?

• How well is the need/opportunity defined?• How significant/important is the issue being met?• How major will the impact of the idea be?

S3. Describe your team (15)Include a brief description of each team member and the role they will play in the venture.

• Quality, breadth and capability of team

S4. What resources do you have or need to continue the development of your idea? (5)• Resources at their disposal

Wrap up and next steps

Deb & Chris

Ideas Challenge1,000 words for $1000

Ideas Challenge - Due 7 MayTeam Name:

Public Disclosure Summary [150 words maximum, not included in 1,000 word limit] Briefly describe the venture, without disclosing any confidential or commercially sensitive information

S1. What is your idea? (40%) What is the product or service you are trying to sell? What problem/opportunity does your product/service address?

[Idea]

S2. Describe your market / who is your target audience (40%) Who, specifically, will you sell/provide services to? How big this market? Why will they buy your product/service? And how do you know this? Who are your competitors? For social ventures: Who is your venture targeting and what is the size of this target group (target market)? Why will people use your product / service and how do you know this? Are their similar organisations addressing this issue? What is the impact your venture will have on your identified target market

[Market]

S3. Describe your team (15%) Include a brief description of each team member and the role they will play in the venture.

[Team]

S4. What resources do you have or need to continue the development of your idea? (Be brief) (5%)

Thank you for coming

Networking & Pizza

Foundation Partners Gold Sponsors

Silver Sponsors Bronze Sponsors

Media Partner Video Media Partners