SocialFinanceLab joins in to build a strong impact venture movement in Germany
Social Entrepreneurship is on the agenda of the financial sector and of the political parties in Germany: The movement is gaining speed in the months leading to the German general election. This is one of the main messages of the recent conference of the Social Entrepreneurship Network Deutschland e.V. (SEND) “Strengthening Financing for Social Entrepreneurship”. It offered excellent insights into the current status of financial opportunities for social entrepreneurs, as well as their challenges, successes, and future in Germany.
There is certainly a lot going on- from efforts to raise awareness of the economic role of social enterprise to the work being done to lighten the load on start-ups that may not have the capacity to manage the bureaucracy of measuring impact while also making measurable strides toward social goals on the side of the financial institutions. There are conversations underway to explore the best business model options for social entrepreneurs and how to gain public and political attention on such issues. In all, there is a lot of energy and enthusiasm coming from the social enterprise community and its supporters in the realm of financing.
Domhan Vision’s Iris and Britta, as the project leads of the SocialFinanceLab Project (SFL), shared the aims and concept of SocialFinanceLab at the event’s virtual Marketplace, where participants from the SEND conference joined in to learn about the upcoming SocialFinanceLab platform and to provide perspective and insights to make it better: (future) social entrepreneurs will be able to up their skills through practical examples, easy to digest learning elements and the possibility to get connected to other social entrepreneurs and experts. The SocialFinanceLab’s team is now certainly one step closer to “unwrapping social finance to build impact ventures”!