A new wave of global entrepreneurs are setting up their businesses with the aim of making a positive impact on society, according to a new report from HSBC Private Banking. The Essence of Enterprise report found that the younger generation of entrepreneurs are leading this trend, with 24% of entrepreneurs aged under 35 motivated by social impact compared to 11% of those aged over 55. The report, now in its third year, is one of the largest, in-depth studies into the motivations and ambitions of entrepreneurs, researching the views of over 3,700 successful entrepreneurs in eleven countries. The report also found that this new generation of entrepreneurs is embracing angel investing, viewing it as a way to connect and collaborate with their peers.
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Our director, Gareth Hart, recently spoke at the national Lithuanian social enterprise conference: Socialinis verslas. The summit was attended by the Lithuanian Minister for Agriculture and the Vice Minister for Social Affairs along with senior representatives of other government departments and from the social enterprise community.
Impact for Growth - Iridescent Ideas is an approved expert provider
Impact for Growth is a new grants fund for charities and social enterprises. Grants of up to £50,000 can be awarded for organisations to work with impact experts to develop their impact management systems and processes.
Iridescent Ideas CIC is an approved provider to this fund. We would welcome working with organizations to help demonstrate and develop their social impact. The application process is as follows:
The deadline for this stage of the application process is 6th September.
If you have any questions please contact Gareth Hart at firstname.lastname@example.org
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
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