SSE wins inaugural Social Innovation Award

The School for Social Entrepreneurs (SSE) was last night named as the inaugural winner of the Macquarie Group Foundation Social Innovation Award.

The School, established just two years ago, provides learning programs to enhance the effectiveness of Australia’s social entrepreneurs and their social ventures. It has already produced 60 graduates who have collectively attracted $3 million in funding, created 41 jobs and 256 volunteer positions.

School for Social Entreprenuers
School for Social Entrepreneurs graduation

Quoted in the Australian Financial Review, David Clarke, Chairman of the Macquarie Group and member of the judging panel, said ‘One of the factors we took into account was the potential for leverage. The school seemed to us to have a lot of that,’ adding that there could be further support for the school down the line.

Dr Peter Shergold, head of the Centre for Social Impact, and who also helped judge the award, said that the school is ‘symptomatic of the massive change that has rippled through the non-profit sector.’

‘It’s a new world of social business, where organisations seek to raise money not just for philanthropy or benevolence, but to gain income that can be converted into social mission,’ Dr Shergold said.

SSE will receive $100,000 as part of the prize, about $60,000 of which will be split between six graduates of the school to help get their projects off the ground.