Explain your idea in details:
Although social entrepreneurship has been increasingly gaining momentum, determining the actual size of the social capital market is challenging. Solving the worlds problems can get expensive and it is important to have resources and connections that you can rely on throughout the life of your social efforts. Social entrepreneurship is an exciting field that is discovering new ways of making our world a better place every year. Now more than ever we are finally reaching new levels where public interest, profitability, funding sources, and most importantly, impact seamlessly align. With that being said, welcome to Pioneer Connect, a consulting enterprise that specializes in financial management and the public relations of social entrepreneurial connections. Our business model is unique because we are targeting two unique populations. The first group will contain social innovators that have sustainable and impactful business models. These entrepreneurs have the avenues to create meaningful social impact, but do not have the revenues to do so. How can such an innovative and sustainable field rely on such an unsustainable strategy to gain initial funding? The second group we are targeting contains corporations with Corporate Social Responsibility and corporations in need of positive public relations. Many Corporations have sparked scandal that has damaged their image causing them to lose revenue and tarnish their reputation. These corporations have the financial means to make an impact; however they do not have the proper channels to funnel their money into a sustainable and meaningful venture. Historically, funds from individual donors, personal relationships, and large foundations provided the means to fund social ventures. The geographic locations of these issues are occurring nationally. We plan to partner corporations and social ventures that not only align in their missions, but in their locations. How is it that an entity that has figured out how
Expected impact of your idea on sustainable development
Our solution to financing someone who just created a sustainable business, is to connect social entrepreneurs to corporations fulfilling CSR or in need of creating positive publicity. We are creating a socially responsible consulting firm that works in the mutual interest of social entrepreneurs and Idea Number: 2 Member Type: Undergraduate Chapter or School: Florida State University Track: Mid-stage (Big ideas with a business plan) Team Fiorella Riccobono corporations alike. We are going to bridge the gap between sustainable and impactful businesses who struggle financially to companies who have the means to make said impact but do not know where to invest their CSR funds. The scale of these issues will be determined on a case-by-case assessment of how much financial aid a social enterprise needs and how much money a corporation is willing to invest. An example of a solution stemming from the unique relationship between social enterprises and corporations includes the hypothetical impact that our firm would have made on the BP company during the 2010 oil spill crisis. Even today, the media and the rest of the world look back on this crisis, which has hit BP with labels of ignorance and carelessness in regards to the environment. Had BP come to our firm, we would have been able to pair them with a social enterprise that strives to better the environment, and just needs funding to jumpstart their mission. Particularly the Gulf Coast, which was the body of water heavily affected by the oil spill. In summation, organizations would have received a benefit from our services, in which BP would receive better press for working with this social enterprise, and the social enterprise would have received ample funding for their high-impact projects. In order to minimize risk and ensure satisfactory
Plans for implementation and sustainability
Our definition of success is being able to see systemic change within the communities we create partnerships. We will measure the success by tracking how many partnerships we have created and then tracking their progress. We will also track our success by how many clients we are taking on because it proves that we are changing the norm and mentality of how corporate social responsibility is measured. Our revenue will help us hire high performers in the field and keep our organization relevant. We will measure our success annually by evaluating the norms changing and systemic change of the clients we have taken on. We will ask for a report of their success before and after they became part of pioneer connect and quantify the data to measure change and projected change. The percentage will vary by project, however we expect each social enterprise to have at least 45% growth within the first year and we expect our corporations revenues to increase by 2% by our positive public relations campaigns. In the specific cities these things are occurring in, we will measure how the city is affected by the statistic before and after these social enterprises received the money to be more impactful. Our niche enterprise would be classified into the hybrid industry, as we work with both non-profits and for-profit organizations. As stated in Brooks Chapter 4, it is imperative to identify and describe why our enterprise is such an authentic opportunity. With our enterprise being classified in a niche industry, our competition is vastly reduced and we are able to stand out to bigger companies that we would like to work with in future endeavors. As we are starting out, it is more than likely that we will have an abundance of non-profit organizations working with us,
Hi! My name is Fiorella Riccobono and I am a rising junior at Florida State University. I am majoring in finance, economics, and social entrepreneurship. I am currently 20 years old and am motivated by systematic change for society. I was awarded the social entrepreneurship award in 2015 and have had publications on the subject.