What is a Social Enterprise?
Social enterprises are businesses that trade for a social purpose, typically having the following characteristics:
- explicit social aims
- commercial orientation
- social accountability
- entrepreneurial drive
- socially inclusive values base
What kind of Social Enterprise is the Fund targeting?
The Fund is targeting a broad range of social enterprises that have the common aim to provide opportunities to people that are at risk of being marginalised from mainstream Australia due to economic circumstances, mental or physical disability, or race. Enterprises can operate in any sector and recent examples include cleaning, hospitality, technology, community health, microfinance, waste management (including e-waste) and Indigenous childcare.
How can I apply for an investment from the Fund?
The process for applying for an investment starts with reviewing the key criteria:
- If your organisation meets all of the key criteria, you should complete the Expression of Interest Form
- You must attach a business plan to the EOI form. The Business Planning Guide for Social Enterprises and business plan template for social enterprises will help in the preparation of this document.
- If your organisation does not meet the key criteria, you may find the above business planning guides helpful in further developing your business idea.
Click here to download an information sheet about the SVA Social Impact Fund.