Social Enterprise A Charitable Organisation is a non-profit structure. Social/Environmental Purpose o Condition of domestic workers o Food/plastic waste recycling o So many more! Sustainable Business Model o Financial self-sustainability o Can raise from private investors o Job & wealth creation Like any other company, a Social Enterprise tries to run as long as possible. It aims at being a sustainable change agent. However, not every problem is a market… We nurture social entrepreneurship in Hong Kong We run a social-tech incubator and a youth training program Charitable Organisation +74% Social Value o Aims for social structural change o Focus on social innovation Nature of Impact o Aims to improve social conditions o Sustainability relies on business 2010 329 Social Enterprises A Social Enterprise is usually for-profit. It is often referred to as a Charity or a Foundation. It is a non-profit structure that focuses on philanthropic goals. A Social Enterprise is an organisation that applies commercial strategies and follows the market rules to maximise social impact rather than profit. 2010 6380 Charities 2016 8898 Charities 2016 574 Social Enterprises Social/Environmental Purpose o Providing food to the elderly o Collecting waste for recyclers o So many more! Social Value o Works within current structure o Acts as wealth redistributor Reliance on Donations o Fundraising is less predictable o Donations & state grants o Some business revenues Nature of Impact o Alleviate immediate suffering o Sustainability relies on fundraising A Charity usually operates within the existing social structure to tackle immediate issues. However, financial sustainability is very challenging! HKCYS is a charity helping underprivileged individuals to fulfill their potential. They provide many social services, from youth outreaching activities to clinical psychology services. HelperChoice is a platform for domestic workers: it allows them to connect with trusted employers and avoid illegal fees. They charge employers a monthly membership fee, but will always remain free for the helpers! +39% Source: FSES Source: InvestHK & Inland Revenue Department