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Development of social finance mechanisms

Question:What more can be done to cement Canada's place as a leader in social entrepreneurship?
on 10/24/2016 1477325144
Tags: investment  local 
The Government of Canada can better support the development of social finance tools. These tools, which include the Community Economic Development I .... Read more

The Government of Canada can better support the development of social finance tools. These tools, which include the Community Economic Development Investment Funds (CEDIFs) that exist in some Canadian provinces, enable individuals to invest in businesses that are locally-owned and socially-responsible.

 

Credit: Momentum Community Economic Development Society

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Create a culture of innovation by creating a culture of risk acceptance

Question:What more can be done to cement Canada's place as a leader in social entrepreneurship?
on 09/28/2016 1475078935
Innovation is an inexact science that attempts to navigate the many risks of trying something new. For innovations to flourish, innovators need to be .... Read more

Innovation is an inexact science that attempts to navigate the many risks of trying something new. For innovations to flourish, innovators need to be able to live with the constant risk of failure. If the risk or consequence of failure is seen as too great, many innovators may give up after their first attempt, or not try at all. The innovation ecosystem can do a number of things to help mitigate the risks of innovators. These include services provided through universities, such as introducing entrepreneurship and innovation in university curricula, and support programs for pre-commercial incubation activities within the university. Another key element is the creation of a culture of innovation, which is a culture of risk acceptance, where failure is seen as creating the learning and experiences that lead to success. Such a culture emerges largely from the tone set by the institutional actors in the innovation ecosystem—universities and governments. If these support institutions themselves are too risk averse, or are too punitive of failure, a true culture of innovation cannot flourish.

Federal innovation investment and programming should seek to balance diligence and risk management with acceptance of risk-taking and occasional failure.

Credit: Memorial University of Newfoundland

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a more inclusive stock market

Question:What more can be done to cement Canada's place as a leader in social entrepreneurship?
on 09/24/2016 1474743863
often gifted people with disabilities are restricted to what they can invest in because of the terms of the disability checks, which do not allow big .... Read more

often gifted people with disabilities are restricted to what they can invest in because of the terms of the disability checks, which do not allow big investments,but it also includes provincial for example in Ontario w/ odsp you can only do so much before the disability plan is voided,what we need the government to do is put measures in place including provincial governments , so everyone can be included in the economy

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Make it easier for Impact Investors to support nonprofit led social enterprise

Question:What more can be done to cement Canada's place as a leader in social entrepreneurship?
on 09/16/2016 1474051233
There is a lot of interest in impact investing in Canada.  The concept of doing well while doing good is a very attractive triple bottom line proposi .... Read more

There is a lot of interest in impact investing in Canada.  The concept of doing well while doing good is a very attractive triple bottom line proposition.  Impact investors can provide longer term patient capital and take returns that are based on a return on inspiration as well as financial yield.

Despite the interest and the curiosity in impact investing, many would be investors in social enterprise are reluctant to give up an expectation of high financial return from perceived high risk investments in social enterprises.  This is particularly problematic for nonprofit social enterprises where mission is balanced with financial return.

Policy makers would do well to find innovative ways to support impact investing in nonprofit led social enterprises.  Patient capital with modest financial return expectations invested in nonprofit led social enterprise will yield high benefits on social, environmental and reconciliation goals.  Thoughtful tax policy, creative leverage opportunities and creation of pooled funds that can absorb some of the due diligence and monitoring costs can result in less dependence on government and help build the world we want for our grandchildren.

Credit: New Market Funds; Vancity; Renewal Funds; Tides Canada

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Create Tailored Investment Funds

Question:What more can be done to cement Canada's place as a leader in social entrepreneurship?
on 08/24/2016 1472057641
Contribute to the capitalization of tailored investment funds such as the Co-operative Investment Fund proposed by Co-operatives and Mutuals Canada, t .... Read more

Contribute to the capitalization of tailored investment funds such as the Co-operative Investment Fund proposed by Co-operatives and Mutuals Canada, the non-profit social enterprise investment fund proposed by the Social Enterprise Council of Canada, and the social finance fund of funds proposed by the National Impact Investment Practitioners Table.

Credit: Canadian CED Network, Co-operatives and Mutuals Canada, Chantier de l'économie sociale, Social Enter

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Increase Small Business and Youth Grants for Long-Term Media Projects

Question:How can Canada become the best country in attracting and developing talent?
on 07/06/2016 1467829630
Since this section includes "creative society" as one of the qualifiers, I assume the Government of Canada must understand the benefit of arts and cul .... Read more

Since this section includes "creative society" as one of the qualifiers, I assume the Government of Canada must understand the benefit of arts and culture to society. How that sector can vitalize an economy, improve a community's competitive edge, make communities more attractive to investors and contribute to the development of a skilled workforce.The issue we have in Canada is that there is no incentive for a creative person, outside of national pride, to stay in Canada. Funding is more often than not geared towards established creatives and almost purely towards one-time projects. Small business and youth funding is directed almost exclusively to more secure and safer sectors.By encouraging investment in and funding actual businesses in the arts and culture sector the government of Canada would be making Canada a more attractive place to reside for everyone. On top of that a strong arts and culture sector attracts skilled workers of all stripes; from technically skilled workers to lawyers and investors.While there may be funding available in certain Canadian cities, there is also funding available in cultural centres like San Francisco and New York. If a young entrepreneur is seeking to start a business and are given the option of Ottawa or New York, they will often choose the latter at least in part because of the exciting culture that city has to offer.On top of that creativity is contagious. If a tech community is nestled against an enthused, vibrant arts community they will be more likely to take chances on innovation and gain the inspiration to think outside the box.

While we invest in the arts and culture sector currently it is largely on one-off projects. These projects don't give us the same economic benefit as long-term businesses. They do not attract investors or workers. They serve to highlight Canadian talent but won't create a self-sustaining community that generates revenue. Businesses such as production companies, galleries, publications, festivals, websites, increased funding for TV shows and other long-term projects should gain priority.When investors or workers choose to leave Canada or choose another country for investing, whether subconsciously or not, the choice often comes down to one word: boring. There is a clear cure for this; investment in businesses in arts and culture that have long-term potential.

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