Articoli taggati con ‘social finance’
Exploring the emerging model of social enterprise capital markets
The ways through which a social enterprise gets funding have undergone major changes in recent years. An innovative entrepreneurship vision, based on issues which are different from the traditional return on capital principle, has been brought to light asking for logical criteria not diffused in the current financial systems. In the traditional model of social enterprises, the spread of Social Venture Capital’s practices represents a breaking point. This article analyzes the theoretical and practical criteria of the Italian fund “Oltre Venture”. Such a fund combines capital, skills and entrepreneurial innovation in order to achieve more efficient and effective results, by using Venture Philanthropy principles.
The rise of the unconventional approaches
The complexity of the contemporary world, combined with the social needs of increasing portions of population, puts on the table new issues to address. In a context characterised by high degrees of competitiveness and few stocks of monetary and natural resources, enterprises and cultural organisations, in particular, have to face a growing number of challenges in order to survive. The global society’s state of art points out a huge variety of common weaknesses and structural threats that makes hard to imagine a better future. The current scenario speaks about museums at risk – considering, for example, the case of Detroit Institute of Arts which is very close to sell off its artworks to pay for a city’s general debt -; culture budget cuts from local authorities, which means that arts companies could lose their funding completely; downsizing plans, as it is happening to Bloomberg where the brand of cultural journalism is being shut down or to Australia’s major classical music magazine that may close; crisis in the humanities and social sciences, seen as “luxuries” or “a waste of time” and beaten by scientific faculties.
