Strategic philanthropy, with real impact
One million people live in disadvantage in Australia today. Each year billions of dollars are poured into social services and reform programs and yet so many people continue to live in entrenched poverty.
At Social Ventures Australia (SVA), we are focused on supporting and enabling innovative approaches that address strategic drivers for change in the areas of education, employment, housing, health and Indigenous disadvantage. We’re looking for solutions to problems like:
What is venture philanthropy?
Venture philanthropy is a strategic way to give more effectively. The focus is on identifying and supporting innovative ventures with strong potential to deliver significant social impact and systemic change. SVA supports ventures through an engaged partnership that includes:
SVA’s pioneering approach
SVA has pioneered this innovative model of giving since 2002, bringing funders, social entrepreneurs and the business and government sectors along with us.
SVA identifies approaches with enormous potential; both to significantly impact the lives of people in need and to influence the way the system works. We then support these innovative ventures and great ideas with a tailored package of support.
Our aim is to test and support innovative ideas, programs and technologies that can be integrated into the social service system to create impact at scale.
Our collaborative approach and ability to draw lessons from across our portfolio make us uniquely placed to influence this kind of change.
‘In 2015, over an average partnership period of six years, the ventures in our portfolio had achieved:
In the early years of a partnership, we ramp up our support to a venture as they prove their model and start to scale. But critically, as the ventures in the portfolio become increasingly resilient, we start to step back.
When they reach a point of positive, independent momentum, they leave the portfolio and join our valued alumni network. The learnings from the experience are embedded in SVA’s strategic approach to addressing disadvantage.
For more information about our venture philanthropy fund, please read the SVA Venture Philanthropy Fund Impact Report 2015 (PDF, 3 MB).