Entrepreneurs — here’s how you can improve your funding outcomes
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Entrepreneurs — here’s how you can improve your funding outcomes

“Cambridge Judge Business School has collaborated with Esme Learning to launch executive education programmes to empower working professionals’ careers.

The multi-year collaboration commences with two inaugural six-week online executive education programmes in startup funding and RegTech, which start in October 2021.

Startup Funding: From Pre-Seed to Exit aims to help entrepreneurs overcome the trickiest funding challenges facing startups.

The programme will help professionals understand how to fund a venture and navigate critical inflexion points along a company’s growth trajectory to achieve a successful exit or long-term operational viability.

The programme will also walk learners through, step-by-step, how to improve their funding outcomes for their entrepreneurial project. 

“You will learn how to structure your project so it is more investable, communicate the investment merits of your project, be more efficient in the fundraising process, and improve the terms of investments,” notes the course description.

Margaret Thatcher Professor of Enterprise Studies in Innovation and Growth and Entrepreneurship Centre co-director Stylianos Kavadias notes: “This programme equips you with knowledge that fuses together the two important perspectives that drive successful development for startups — the fundraising skill set and the managerial competencies and skills that will help you balance the steps forward and the decisions needed to go from pre-seed through exit.”

RegTech: AI for Financial Regulation, Risk, and Compliance will prepare risk, compliance, innovation, and data sector business leaders to navigate the industry’s complexities, including technologies such as AI and machine learning that support automated regulation.

In this programme, professionals will learn to identify new applications and revenue opportunities for RegTech solutions, including technologies such as big data, cloud computing and AI.

University of Cambridge Judge Business School management practice professor Robert Wardrop notes: “This programme is a good example of the application of data science to solve real-world problems — in this case, challenges around regulatory change, regulatory compliance and risk management for firms operating in the economy.”

Both programmes will feature high-quality video instruction; interactive, timely media such as podcasts and articles; and correlating formative assessments that test knowledge retention.

The startup funding course begins on October 13, 2021 while the RegTech course will begin on October 20, 2021. Registration for both programmes will close one week after they begin. 

Both programmes cost 2,200 US dollars respectively. Successful programme participants will receive a certificate issued by the Cambridge Judge Business School. “

 

Source: https://u2b.com/2021/08/13/cambridge-esme-launch-startup-funding-regtech-exec-ed-courses/

More information: https://u2b.com/

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This publication has been prepared within INDIGISE project. The content of this publication is the sole responsibility of the project coordinator and may not always reflect the views of the European Commission or the National Agency.

Are You Still not recycling? You Might Regret It!

Are You Still not recycling? You Might Regret It!

What is Life Cycle Assessment and How it helped BinFree to discover their contribution to the environment?

Life-cycle assessment for glass recyclables and deposit packages to discover our contribution to the environment.

2021 is behind the door and it’s been almost a year since the first pick up that BinFree delivered for deposit packages! With the incredible work of our intern, Udesh Wickramarathne, a life-cycle assessment was conducted for the pick up services operations for glass recyclables and deposit packages to discover our contribution to the environment.

Life Cycle Assessment (LCA) is one of the techniques of environmental management being developed to assess possible environmental impacts associated with products/services. According to the ISO standards, LCA is defined as a method for analysing and determining the environmental impact along the product chain of the systems. LCA differs from other environmental methods by linking environmental performance to functionality, quantifying the pollutant emissions, and the use of raw materials based on the function of the product system.

environmental protection, nature, light bulb

Why BinFree collects deposit packages and recyclable glass?

BinFree offers pick up services for households, cafeterias and restaurants as well as companies that sort their waste and they want to contribute to their society and enrich themselves with knowledge regarding the environment, for deposit packages and recyclable glass packages.

  • Deposit packages

For deposit packages, a fee is charged on applicable beverage containers at the point of purchase, which retailers are required to collect from consumers. Intended to act as an incentive to recycle, deposits refunded when the consumer returns the empty container to an authorised redemption centre or retailer for recycling. For finding the closest reverse vending machine, Kuhuviia is an excellent digital tool that can help you. The deposit packages have assigned to their package the following labels:

BinFree collects the deposit packages to ensure that the end user recycles the packages and make the returning process smoother, faster and without any physical effort. We provide our service to the society to encourage the disposal of bottles and cans, and reward our clients’ efforts with financial incentives for sustainable purchases and blog articles regarding single use plastic alternatives such as menstrual cupsbamboo cotton budssolid dish soap and shampoos and stasher bags.

During the past 11 months, we have collected 5120 deposit packages from households and specifically:

17,4kg of equivalent plastic (with this quantity saved, 24 football teams can make their athletic shirts, as for every 7 plastic bottles, one football shirt can be produced according to Eesti Pandipakend)

261,8kg equivalent glass (quantity equivalent with 1377 Coca Cola 330ml bottles, as each bottle weighs just 0,19 kg).

27kg of equivalent aluminum  (quantity that would cover the production needs of 871 iPhones, considering the fact that each iPhone contains 0,031kg of aluminum  )

  • Recyclable glass

After a great demand of our clients, we decided to start collecting also recyclable glass for packages that are not included in the deposit system such as wine bottles, bottles from alcoholic beverages, glass jars from marmalades, sauces, children food, soups etc. as well as oil bottles. Glass is 100% recyclable and can be recycled endlessly without loss in quality or purity.

We are here to help you to get rid of this “guilty” habit that we all have – keeping empty glass jars in a cupboard that we never use. We have unoccupied these cupboards space in many households, releasing space and sometimes we even received bottles from 19th century! We have noticed that creating a relationship of trust and reassurance can bring an increase in the consumers’ patterns regarding the packaging and specifically a preference on glass packaging than plastic, as it is known that the package will be safely and appropriately disposed of.

 We have collected 460kg of recyclable glass and thanks to our partner TVO, we were able to deliver them to recycling facilities and ensure its safe disposal. Recycled glass can be used in the production chain to make a new glass bottle, a soup or a marmalade jar.

  • What would happen without BinFree?

In Tallinn, a major amount of general waste ends up either to incineration plant or to a sanitary landfill. One of the main reasons that waste can end up there, is lack of sorting from the consumers’ side. Taking this into consideration, we analysed and measured the environmental impact in case of landfill and incineration, the amount of deposit packages and glass recyclables collected by us, taking into account 3 main variables: climate change, acidification and human toxicity.

Incineration plant
Climate Change kg CO2 eq 4.07E+01
Acidification kg SO2 eq 5.61E-03
Human Toxicity kg 1,4-DB eq 1.91E+00

Data used from the LCA conducted in November 2020

Landfill
Climate Change kg CO2 eq 2,87E-01
Acidification kg SO2 eq 4,50E-05
Human Toxicity kg 1,4-DB eq 1,48E+01

Data used from the LCA conducted in November 2020

During the period 01/01/2020 to 22/12/2020, the carbon footprint generation of our waste collection process was:

Carbon footprint of the collection process
Km completed 673
kg CO2 eq 180,2

Data used from the LCA conducted in November 2020

According to the above results, waste incineration has the highest impact on all 3 environmental impact categories. Specifically, if the quantities described above 17,4kg of equivalent plastic721,8kg equivalent glass and 27kg of equivalent aluminum were incinerated would emit 40.17kg of equivalent CO2 to the environment which would contribute to climate change0.00561kg of equivalent SO2 would emit to cause the acidification in air and water, and 7.13 kg of equivalent 1,4-DB will emit into the environment which is toxic to the human health.

We have committed to minimise the possibility of releasing these pollutants to the environment by collecting the materials and recycling them, saving CO2 emissions from incineration. We have achieved to maintain a positive carbon footprint besides the transportation carbon emissions from the collection process (180,2kg of equivalent CO2).

BinFree has saved with its operations 538,69kg of equivalent CO2 emissions!

We are very proud for this work and we wish for a prosperous continuation of our activities and contribution to the society and the environment! We are open to suggestions, collaborations and solutions that might help us minimize the impact of our transportation and collection methods and we are happily announcing that from 2021, it would be possible to make an impact analysis for each pick-up, upon request.

By Katerina Chantzi from BinFree, Estonia

 

This publication has been prepared within SENBS project No. 2020- 1-EE01-KA204-077999. The content of this publication is the sole responsibility of the project coordinator and may not always reflect the views of the European Commission or the National Agency.

 

Internship at Social Enterprise Estonia and moving towards a greener lifestyle.

Internship at Social Enterprise Estonia and moving towards a greener lifestyle.

Katerina-Chantzi-Social-Enterprise-Estonia-1536x864I am Katerina Chantzi and I am a social scientist. I am very excited to be an intern at Social Enterprise Estonia during my studies at Tallinn University in Social Entrepreneurship Master’s Programme. I started my internship in June 2020, a time when we were slightly starting to get out of our lockdown “caves” and looking for human interactions. All the colleagues that I was looking forward to meeting and working together in the same place became fascinating squares on my screen on a weekly basis full of creativity, interaction, knowledge and passion to find ways to make this world a better place.

I am very excited and proud of this internship, as my supervisor Helen Mikkov gave me the opportunity to utilise my previous experience and knowledge, encouraging me to discover new paths (by participating in Climate KIC Journey, get in contact with enterprises that are in the network etc.) that would help me to find out what contribution I would like to have in the world and make steps towards that. In the meanwhile, I am running my company, called BinFree, where we offer recycle pick up services in Estonia to facilitate the recycling process for consumers and recycling companies by measuring the environmental impact of both and give practical information to move towards a greener lifestyle and give private consultations to companies and individuals to reduce their environmental impact in their daily life with little effort.

katerina_1

My experience from the education sector, my studies and actions in social policy in different countries,  in combination with my national culture (Greek) that taught me through its ancient literature and drama to live my life by keeping in mind my posthumous fame (“υστεροφημία”) and make decisions throughout my life keeping in mind how I would like to be remembered after I pass out from this life and considering their impact on myself, people around me and the environment around me during my life, made me realise that my mission in this life is to bring people together to act collectively, to help each other in order to increase theirs and other peoples’ happiness by increasing their quality of life. The COVID-19 outbreak is a great example of human responsiveness when in danger regardless of social differences (in front of a virus everyone is vulnerable regardless of social status and wealth), people got together, worked together and acted instantly, responsively and effectively in order to defeat the impending danger. How we respond to the main danger that is threatening us, was created by us and we still feed it, called climate change and how we can defeat it?

By having inefficient state mechanisms to solve social and environmental problems due to shortage of funding, as they considered as unproductive sectors to invest for economic growth due to the fact that they require an interdisciplinary approach, time, expertise, effort to give results and they reveal the vulnerabilities of the dominant social, economic, political system and a dominant neoliberal ideology that influences every sort of today’s policies and politics and has a big negative impact on society and the environment, as it creates short-term financial profits without considering the long term social and environmental impact, there is need to find solutions that protect life and not cold cotton, polymer or paper banknotes.

Social enterprises are a great response to the dominant economic system and its characteristics, as are more flexible in their operations, are social aim driven without losing their business character, are able to combine and bring together key actors from different sectors (either private or public) and try to make a change in the current system without breaking it but reshaping its core. I could characterise social enterprises as hybrid organisations that are born from social justice and economic growth and would lead us to the future of sustainability and long term by transforming the current economic system and push innovation and technology for social and environmental sustainability.

Climate change is a threat that we need to address as soon as possible, as we have very limited time to act and change our current economic system in terms of production, product design, product life cycle, world trade and product distribution, impact measurement in terms of societal and environmental footprint, resource management (materials and labour force), consumption patterns and social values regarding the way we consume. Social enterprises that are already active in the field of environmental sustainability, have a wide variety of opportunities to invade in those sub-systems and create innovative solutions. The decade 2020-2030 will be a transformative decade towards entrepreneurship and climate change and social enterprises need to take the lead on this, to promote social entrepreneurship, help the social groups that are mainly affected from climate change, either by directly employ them or offer them the possibility to develop relevant skills or by enhancing the current production and consumption system by intervening and creating innovative business models.

katerina_3

The main principle that social enterprises that work with environmental sustainability and climate change are that mainly they work with people that are not aware of the problem, are not experts and cannot relate with the problem and devote time to acknowledge the problem. There is no doubt that this creates a lot of obstacles, but at the same time is a great spectrum that can generate innovative solutions for how to educate, engage, motivate people to change their behaviour patterns, start thinking about their consumption habits and decisions, feel part of the problem and at the same time part of the solution by supporting social enterprises’ aims.

In parallel with that, social enterprises need to benefit from their flexibility, adaptability and expertise, and for their unique characteristic that they make a local impact with strengthening and empowering communities. In the post-COVID world (or even still COVID world) that everything takes place virtually, social enterprises need to connect with each other, communicate their aims, visions, missions and results and combine all these small incubators of social action in a big scheme that is accessible to everyone and introduce themselves to the world (besides their direct beneficiaries), create calls for action and show their overall impact. The more visible social enterprises are the bigger their influence and their impact and recognition.

Collaboration and communication need to happen not only among social enterprises but also with the businesses of the current system of production and consumption. Circular and sharing economy offers a range of possibilities and opportunities for social enterprises to discover and explore what can be created from waste, how logistics can have a less environmental impact and how the 5R’s (Refuse, Reduce, Reuse, Recycle, Rot) can be promoted, adapted and integrated as main practices in our daily lives, as mainstream practices. There is a need to strive from the “Take-make-use-waste” model to “take-make-use-reuse/repair/return/recycle” model and social enterprises have the flexibility to experiment in this transition by increasing the employability of certain social groups that contributes to social coherence, by raise awareness on these topics and present data and facts that people that are not familiar with the sector can relate with. For instance, investigate the environmental impact in terms of financial loss within the upcoming years for corporations.

To sum up, social enterprises cannot change the world alone, however, they can be the main actors in this transition and they need to create demand both to consumers and to providers/sellers/main actors in the current market. To achieve this successfully, they need to establish collaborations with stakeholders from the private, public and third sector, have a clear mission, engage people to their goal, explain the importance of what they do in ways that their target audience understands and have a great marketing strategy in place. National and international governments and organizations need to take some more steps forward and put in place besides financial indicators of growth (a great example is GDP), indicators of social growth. Sustainable Development Goals have achieved to have a common terminology around the globe for sustainable development and certain goals, but still, the call for action is at the discretion of the organization. Legal regulations, taxation and investment possibilities can promote initiatives that respond to climate change and environmental sustainability and offer incentives to social enterprises to increase their impact. COVID-19 world taught us that we can respond immediately and effectively for incidents that we consider as important. Let’s learn to act proactively, collaboratively, human-centred and with the responsibility to ourselves, live around us, our ancestors and our future generations.

©  2020 Sotsiaalsete Ettevõtete Võrgustik

This publication has been prepared within SENBS project No. 2020- 1-EE01-KA204-077999. The content of this publication is the sole responsibility of the project coordinator and may not always reflect the views of the European Commission or the National Agency.

GARAGE48 – From an idea to a prototype successful entrepreneur in 48 hours!

GARAGE48 – From an idea to a prototype successful entrepreneur in 48 hours!

Are the following Estonian entrepreneurs behind successful startups known to you? Taxify, Pipedrive, Fortumo, Weekdone and Mooncascade.

Garage48 hackathons are shaped around diverse focus points varying from theme-based ones with IT-skillset requirements (e.g. AgTech, Cyber Security, Female Entrepreneurship, VR&AR etc.) to makeathon events where the main focus is on creating physical objects instead of IT-based prototypes (e.g. Wood, Hardware & Arts series, Defence etc.). 

How can Garage48 and its hackathon boost your own social enterprise to be executed? [button link=”https://garage48.org/en” color=”blue” size=”small” stretch=”” type=”” shape=”” target=”_self” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” icon=”” icon_divider=”yes” icon_position=”left” modal=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ alignment=”left” class=”” id=””]Find more [/button]

 

[testimonials design=”classic” backgroundcolor=”#769dbf” textcolor=”#000000″ random=”” class=”” id=””]
[testimonial name=”” avatar=”none” image=”” image_border_radius=”” company=”” link=”” target=”_self”]European Enterprise Promotion Awards: “Encourage the Entrepreneur” winner for Garage48 Tourism Women’s Special[/testimonial]
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Finding money to start a social enteprise

Recently we came across a handy article by Alastair Wilson from the School for Social Entrepreneurs:

A lightbulb has blinked on in your brain and inspiration has hit – you know how you’re going to right that social injustice that you see. What’s more, your solution can earn money. You’re going to launch a social enterprise.

Now, where can you find some money to get your project off the ground?

Social enterprises are generally perceived to be a good thing. Not only do they provide employment and contribute tax revenue like any other business, but they also serve a socially useful purpose. So if you’ve got a good idea, there are numerous organisations that want to support you, including Her Majesty’s Government.

But first: think. Do you need to get money from someone else for the very early stages of your social enterprise? Lots of social entrepreneurs start their project while holding down a regular job. Think about using a little of your own money and asking for volunteers or work space you could use for free.

If you’ve considered your options and definitely need an injection of money to launch, read on.

Free money!

Our Lloyds Bank and Bank of Scotland Social Entrepreneurs Start Up Programme is a good place to start. Every year, we offer a free learning programme and grant funding to people with a great idea and the drive to make positive change.

UnLtd, the foundation for social entrepreneurs also offer ‘Try It’ and ‘Do It’ awards of £500 and £5,000 respectively. The first, as the name suggests, is money towards testing an idea that you might have. The second is for when you’re sure you want to go for it and start your business. Both amounts of money come with award managers who can offer advice. Given that UnLtd helped more than 500 social enterprises to start last year, they’re a solid organisation to have in your corner. If you’re reading this in Scotland, check out Firstport’s Start It and Build It awards, too.

Grants – free money that you don’t have to pay back – are available through many different charitable organisations. But very few specifically target budding social entrepreneurs. Instead, think about what your social enterprise is intended to do. Is your art initiative proving to be a springboard for people with mental health problems? Then the Henry Smith Charity might be willing to give you some money. Started a business that’s a boon to your local community? Give Power to Change a shout. We’ve listed as many organisations offering grants as we can here.

Continue to a full text here:

https://www.the-sse.org/resources/starting/finding-money-start-social-enterprise/

katapultaccelerator
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Katapult Accelerator: an accelerator for tech focused impact organizations

Are you looking for an accelerator to assist your business from startup phase? Have a look at the Norwegian accelerator: Katapult Accelerator.

“We believe in making a positive impact. We believe in technology as the key driver for change. We believe in the untapped talent of the world.

We are fuelled and inspired by our deep belief in exponential technology. We believe these technologies such as AI and Blockchain can help impact focused startups scale faster while solving real global problems. They are focused on 3 main domains:

  1. Environmental domains
  2. Societal domains
  3. Exponential technologies

What they offer:

  • 3-month fast paced, hands on program to help scale your business
  • Access to a global network of leading thematic mentors
  • Dedicated expertise to unleash potential of AI in your business
  • Investment into your company as part of the accelerator program
  • Access to further capital and investors to support your company

Why You Should Apply

  • Get $150K investment
  • Get a lot of help building your business
  • Access to a global network of leading thematic mentors
  • Dedicated expertise to unleash potential of AI in your business
  • Access to further capital and investors to support your company”
Trajectory for a social business
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Trajectory for a social business

The largest Russian bank Sberbank has opened the web-portal for entrepreneurs “Delovaja sreda” (Business environment).

It consists of a lot of business-related articles, educational materials and reports, both text and video.

For social start-ups, it will be useful to go through the describing of the trajectory of setting up the social business.

The best experts provide the step-by-step instruction for an entrepreneur:

  1. How to understand that you are an entrepreneur.
  2. How to find an idea
  3. How to develop a mission
  4. How to built a business-model
  5.  Where to get an assistance

The guide is published in Russian on the portal.

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Крупнейший российский банк – Сбербанк – открыл портал для предпринимателей “Деловая среда”.

На нем размещены статьи о бизнесе, образовательные материалы, отчеты – как тексты, так и видео.

Для социальных стартапов полезно изучить траекторию создания социального бизнеса.

Лучшие эксперты описали пошаговую инструкцию для предпринимателя:

  1. Как понять, что ты предприниматель
  2. Как найти идею
  3. Как выработать миссию
  4. Как разработать бизнес-модель
  5. К кому обратиться за помощью

Статья размещена на русском языке на портале.

Social Entrepreneurs Need To Be Futurists, Too

Social Entrepreneurs Need To Be Futurists, Too

we just came across an interesting article on Fast Company about a new type of social entrepreneurs that would like to share with you.

What if we tried to prevent future problems, instead of just solving the ones in front of us? This is the question asked.

Pick any social enterprise, and it’s almost always a reaction to the past. After a natural disaster or a new refugee crisis, designers build new shelters and experiment with new aid delivery systems. After the public school system had already failed children, social entrepreneurs started building new educational tools. A new book argues that social entrepreneurs need to spend more time thinking about the problems of the future—and less time stuck on “post-traumatic innovation.”

“What if social enterprise was also responsible for preemption?” writes designer Matt Manos in the manifesto at the center of the book, Toward a Preemptive Social Enterprise. “What if social entrepreneurs were also futurists?”

As a designer, Manos pioneered a unique pro bono model with his firm, Verynice. Half of the time, he works for standard paying clients. The other half of the time, his firm donates its work to the social sector. That split led him to start clearly seeing differences between traditional business and social enterprise.

“At times, what’s super obvious in the private sector has just never been mentioned in the social sector, and vice versa,” he says. “When you think about startup clients, a lot of the themes in this book are incredibly obvious to them—that it’s important to invest in future trends, to be thinking about strategic foresight. But when you look at social enterprise, it was launched in reaction or response to something that happened in the past.”

While large businesses like Google or Facebook or Autodesk pour money into R&D—and Elon Musk releases decade-long master plans—nonprofits and social enterprises rarely do the same thing. There are a few exceptions. Some new startup incubators are now focused on social issues, and programs like Singularity University’s accelerator attempt to look comprehensively at future issues. Anything trying to tackle climate change or resilience is, by necessity, focused partly on how the challenge will get worse later.

But the sector is generally more reactionary than preemptive, and that means we’re missing opportunities to get ahead of certain problems. In the simplest scenario, that might mean better preparing for likely natural disasters before they happen. But it also means considering problems that we haven’t yet faced.

“Artificial intelligence, to me, is just a mind-blowing gold mine of stuff that social entrepreneurs and nonprofits are rarely tackling,” says Manos. He gives the example of what may happen when more jobs are lost to automation—not just the issue of income, but how lives will change. “When jobs are automated, people will have more time on their hands. They’ll have more issues with drug abuse. They’ll have issues of self-worth and value, and that might lead to mental illness or suicide . . . that’s just one of many emerging issues.”

Even as social enterprises look at problems that are probably going to exist decades from now, Manos thinks there’s an opportunity to do a better job of considering future scenarios. “What is the future we’re trying to create by doing this work with the homeless today?” he says. “What does that actually mean, or what kind of future could that actually create?”

The book suggests that organizations should imagine ideal futures, and work backward from that ideal. That approach is also a way to deal with the fact that we can’t predict how the world will change. “We have entered a time in which we lack the capability to foresee what technological advancements and capabilities will take place in the next four years,” Manos writes. “So how do we, as designers, understand the future of markets, and the future of business design? We make it up.”

The book, a short collection of essays and tools, is an attempt to help social entrepreneurs start thinking as futurists. Manos’s small design firm also now has a futures wing to help clients do the same thing. “We’re constantly helping people launch new services and products, and there’s kind of this question of what it’s all for,” he says. “For me, the future is a great cause to invest in.”

The book is available for digital download on a pay-what-you-want basis; for $25, readers also get a printed edition.

Have something to say about this article? You can email us and let us know. If it’s interesting and thoughtful, we may publish your response.

Link to the article: https://www.fastcoexist.com/3062437/social-entrepreneurs-need-to-be-futurists-too