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.
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. Venture philanthropy enables a community of engaged funders to make their philanthropic dollars go further. As a result, funders realise greater impact from their philanthropy and social purpose organisations are more effective at providing services to more people in need.
SVA supports ventures through an engaged partnership that includes:
SVA’s pioneering approach
Fifteen years of venture philanthropy has provided Social Ventures Australia with a depth and breadth of experience that realises real rewards for the ventures in our portfolio.
SVA’s venture philanthropy model leverages the power of the corporate, social and government sectors working together to achieve better outcomes for people in disadvantaged communities.
SVA supports organisations with the potential for significant impact, and incubate solutions with great promise; 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 and share what we’ve learned to influence funding and organisations across the sector to be more effective.
Our collaborative approach and ability to draw lessons from across our portfolio make us uniquely placed to influence this kind of change.
‘6 years – average length of time a venture is in the SVA portfolio achieving:
The ventures are diversified across different stages of growth. Some are small yet sufficiently established to show signs of significant promise. Others are being supported to grow their impact and over time may join a third group that are now operating at scale to provide effective services to many people in need.
When they reach a point of positive, independent momentum, they leave the portfolio and join our valued alumni network as high impact organisations with sustainability. 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 Impact Report 2016 (PDF, 4MB).