Ontario Trillium Foundation Future Fund building infrastructures for
TORONTO, June 24, 2013 /CNW/ -
The Ontario Trillium Foundation (OTF) announced initiatives today that
will help the province's young social entrepreneurs get their ideas off
The Foundation is investing in seven community organizations and
collaboratives through the Youth Social Entrepreneurship Future Fund
program. The projects will build infrastructures that will help young
social entrepreneurs by building networks, creating access to online
resources and receiving stronger support from economic development
officers. Projects include:
A social enterprise acceleration program in Waterloo Region that will be
piloted in three Ontario locations
Developing curriculum to engage would-be entrepreneurs and train 45
economic development officers to support First Nations social
entrepreneurs in Northern Ontario
A youth-driven online platform will be created to connect more than 400
young social entrepreneurs and link them to access to capital
OTF Future Fund is intentionally focused on building and strengthening
the supports systems and infrastructures for social enterprises instead
of funding the social enterprises directly. These supports will impact
a large and diverse group of young social entrepreneurs across Ontario.
"Our government is proud to provide opportunities for Ontario's youth to
achieve their goals and succeed. Our support for the Future Fund will
help aspiring entrepreneurs connect, learn and access resources that
will take their ideas for social betterment and turn them into action.
Supporting our youth is another way we can help boost economic growth
for our province while preparing the next generation of social leaders
who will shape Ontario's future."
— Michael Chan, Minister of Tourism, Culture and Sport
"Ontario is a global leader in social enterprise and our youth are at
the forefront of the movement. The Future Fund will link youth
entrepreneurs with the skills and mentor support to turn their social
enterprise ideas into viable businesses. These youth aren't satisfied
with just making a profit -- they want to make an impact in their
communities. When youth social entrepreneurs are equipped with the
support needed to succeed, our economy prospers and we build a fairer
society for all Ontarians."
— Dr. Eric Hoskins, Minister of Economic Development, Trade and
"Social enterprises represent a big growth opportunity in the
not-for-profit sector right now. Our research told us that where the
Foundation's investments could be most useful was in helping to build
the networks and supports that would make it easier for youth to get
their business ideas for social change into play."
— Dev Sainani, Chair, Ontario Trillium Foundation
RECIPIENTS OF THE FUTURE FUND SUPPORTING YOUTH SOCIAL ENTREPRENEURSHIP
Social entrepreneurs work in an entrepreneurial manner, but for public
or social benefit. Social enterprises are revenue-generating businesses
with two goals: to achieve social, cultural, community economic or
environmental outcomes; and, to earn revenue.1
OTF will be working closely with the seven recipient teams over the next
three years, using a 'high engagement' model.
All seven initiatives have individual or complementary components that
contribute to strengthening the social enterprise infrastructure system
as a whole.
OTF introduced the Future Fund program in 2007 as part of its commitment
to invest in Ontario's future. The 2012-2013 Future Fund supports
projects that create significant and sustainable change in a specific
area, using distinct and innovative approaches. The Youth Social
Entrepreneurship investments announced today build on 2011-2012 Future Fund grants, which focused on supporting youth economic opportunities.
A leading grant maker in Canada, the Ontario Trillium Foundation
strengthens the capacity of the voluntary sector through investments in
community-based initiatives. An agency of the Government of Ontario,
OTF builds healthy and vibrant communities.
Read more about the grant recipients and the Future Fund
View additional OTF grants supporting youth social entrepreneurship
Learn more about the Ontario Trillium Foundation
Follow CEO Andrea Cohen on Twitter
Cet avis est disponible en français
1 http://www.the-sse.org/schools/11/ontario/108/sse-o-q-a#What is a social entrepreneur? ;
SOURCE: Ontario Trillium Foundation
For further information:
Ontario Trillium Foundation
416 963 7918
416 819-6798 (mobile)