June was a fun month, we met a lot of interesting people looking to do great things in the world and attended a number of fantastic events.
We recently conducted research in to consumers understanding of social enterprise. We found, while the majority of consumers (87%) state a preference for buying products or services from a business with a social conscience, four out of five people admit to uncertainty when it comes to identifying an organisation that has a positive impact in the community.
In march we showcased 10 social enterprise drinks companies 'doing good' in the world. A recent article in The National newspaper highlights one of the social enterprises, Ginerosity.
Last week Devonlive's article highlighted how community groups, charities and social enterprises benefited from Lottery funding.
A total of 189 projects across the South West will share a total of £5,075,689 raised by National Lottery players for good causes. The funding will support a diverse range of projects enabling people to improve their skills, meet new people, and strengthen their communities.
We were one of the organisations who benefited from the funding. Our new project Social Frontier....
At the start of May Iridescent Ideas embarked on a research trip to Scotland to visit two great examples of community owned hydro schemes and a tidal turbine manufacturer. The purpose of the trip was to understand how these ideas could be replicated in Plymouth, Britain's Ocean City.
Our founding director Gareth Hart talks to Natwest Bank about social investment, his journey when starting a social enterprise and the importance being 'investment ready'.
Gareth reflects on his decision to start his own social enterprise and the importance of getting good advice.
The article includes Finbarr Carter, student enterprise officer at the University of East Anglia, Askham, who is director of finance and business development at Infused Learning and Roger Moors, chief development officer of Social Investment Scotland
Five top tips to becoming an investment-ready social enterprise
1. State your cause and demonstrate how your enterprise makes a difference
2. Seek guidance from social enterprise support networks
3. Choose your investors wisely
4. Identify what you’re asking for from investors
5. Decide which investment opportunities are right for you
To read the article in full: CLICK
Great news from Cornwall where our recent client, Smile Together CIC, has won the Cornwall Business Award 2017 for ‘Employer of the Year’.
Smile Together is Cornwall and the Isles of Scilly's leading primary care dental provider with a range of NHS and Public Health Contracts.
We helped set up the new employee-owned structure - it is a community interest company limited by shares where all the shareholders are employees - and have advised on social impact reporting for the organization.
Congratulations to Paul and the team.
Full story here: http://www.cornwallbusinessawards.co.uk/winners/winners-2017.html.
Here at Iridescent Ideas we are excited how Tech can change the world for the better. This is why we created the Forerunner Prize.
A recent BBC articles look at female entrepreneurs using Tech for good and in particular video games. After 12 years making games for education and training, Jude Ower went on to create an international games platform with a social conscience - Playmob.
"After the 2010 Haiti earthquake, Zynga, the creator of Farmville, launched a campaign to raise funds for the victims by selling an in-game item, with a percentage of each purchase going to help the victims," she explains.
Read the full article: CLICK
Charities are the “lifeblood of society” and government should better support them, a House of Lords select committee has concluded.
Grant funding from government for the charity sector has declined from £6.1bn in 2003/04 to £2.8bn in 2013/14, according to estimates from the trade organisation the NCVO.
An article in Public Finance details the report from the House of Lords select committee and covers how charities are getting stifled by 'contract culture'. Charity innovation is being lost and smaller charities are losing out.
To find out more: CLICK