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The Social Enterprise Development Fund 2019

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Application Deadline- 25th of January 2019

The Social Enterprise Development Fund is a €1.6 million fund which will be delivered over two years: 2018 – 2020. The fund was created by Social Innovation Fund Ireland (SIFI) in partnership with Local Authorities Ireland and funded by IPB Insurance and the Department of Rural and Community Development.

The Department of Rural and Community Development provides match funding for all philanthropic funds raised by Social Innovation Fund Ireland, through the Dormant Accounts Fund. IPB Insurance is an Irish owned general insurance company which protects and supports their local authority members and their communities across the length and breadth of Ireland.

The objective of the fund is to find and back social enterprises that add to the social and economic fabric of their community by way of social impact. The fund will provide critical support to the most innovative and high-impact social enterprises across Ireland, helping them to:

  • Increase their social impact
  • Increase their traded income
  • Create more jobs
  • Develop long-term, effective and sustainable social enterprises

Benefits:

Cash Grants

In 2019, the fund will support up to 16 Social Enterprises with cash grants and a place on the Accelerator Programme.

  • Two Social Enterprises will receive a cash grant of €50,000
  • Two Social Enterprises will receive a cash grant of €30,000
  • Two Social Enterprises will receive a cash grant of €20,000
  • Ten Social Enterprises will receive a cash grant of €10,000

A minimum of three winners will come from each of the Urban, Town and Rural categories. 

By joining the programme, organisations will also gain access to a peer network of the best social enterprises in Ireland.

The grants will be awarded to the best social enterprises in each of the following categories:

  • Best Social Enterprises Urban
  • Best Social Enterprises – Town
  • Best Social Enterprises – Rural

Further Investment 

At the end of the Accelerator Programme, all successful social enterprises will have the opportunity to pitch for a share of an additional €100,000.

This further investment will be granted to the social enterprises which demonstrate the greatest potential for future impact and growth

who can apply?

We are seeking applications from social enterprises that:

  • Have a clear social mission that addresses a critical social issue
  • Generate income from goods or services
  • Are already up and running
  • Reinvest any surplus into achieving their mission
  • Have a not-for-profit legal form
  • Are separate from Government and State Agencies
  • Have their main impact in the Republic of Ireland

The Social Enterprise Development Fund Criteria

The key criteria that applicants will need to demonstrate are:

  • How does the social enterprise impact on a critical social issue
    • Is innovative in an Irish context
    • Has the potential to scale or replicate in Ireland
    • Has the potential to create additional jobsHow the social enterprise is or has the potential to be a sustainable business generating traded income from goods or services
  • The Social Enterprise Development Fund has been streamlined in order to allow for a more efficient open-call for applications. This year the open-call comprises of two stages:

    Stage 1

    Applications are open from the 15th November until the 25th January. At this point, applicants are invited to complete a short application form. Based on this initial form, Social Innovation Fund Ireland will identify a shortlist of applicants who have met the basic minimum criteria.

    Stage 2

    Shortlisted applicants will be invited to complete a more detailed application form on request. The submission deadline for the second stage of the application is 28th February 2019.

    Interviews

    Finalists will be invited for an interview which will take place between the 1st and the 12th of April 2019.

    The applications will also be assessed on how well they demonstrate that the social enterprise:

How to apply to the fund

The Social Enterprise Development Fund has been streamlined in order to allow for a more efficient open-call for applications. This year the open-call comprises of two stages:

Stage 1

Applications are open from the 15th November until the 25th January. At this point, applicants are invited to complete a short application form. Based on this initial form, Social Innovation Fund Ireland will identify a shortlist of applicants who have met the basic minimum criteria.

Stage 2

Shortlisted applicants will be invited to complete a more detailed application form on request. The submission deadline for the second stage of the application is 28th February 2019.

Interviews

Finalists will be invited for an interview which will take place between the 1st and the 12th of April 2019.

 

For More Information:

Visit the Official Webpage of The Social Enterprise Development Fund 2019

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