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
An article in Third Sector looks at the Select Committee on Charities view on how public funding could be used on other forms of finance for the sector.
We would like to thank the Paul Hamlyn Foundation for funding an extremely exciting project that we have been developing over the last 6 months.
No one can deny these are trying times - Brexit, austerity, fake news and alternative facts – so it’s important to focus on the positive whenever possible. This month we have looked close to home and have chosen to shine a light on…
We were not aware of any Vodka social enterprises until we stumbled across an article in Foodbev Media.
The social enterprise supports the armed forces in the UK and has secured ‘the largest ever listing of its kind’ with supermarket Asda.
Heroes Drinks Company will stock its premium wheat grain vodka in 350 Asda stores and donate at least 20% of its profits to armed forces personnel.
Read more: CLICK
With increased market competition, sustainability is an issue for social enterprises in Hong Kong. A recent article explores the challenges in Hong Kong.