Social Innovation Fund: Seeking Applications for Social Enterprise Development Fund 2019

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Deadline: 25 January 2019

Social Innovation Fund is seeking applications for its Social Enterprise Development Fund 2019 with an aim to find and back social enterprises that add to the social and economic fabric of their community by way of social impact.

Social enterprises are organisations whose mission is to have a positive effect on society. They generate revenue through their products or services and reinvest their profits back into their social mission. Social enterprises are innovating every day by inventing and developing solutions to Ireland’s most pressing social issues. They are creating jobs, tackling disadvantage and supporting community development.

Objectives

The fund will provide critical support to the most innovative and high-impact social enterprises across Ireland, helping them to:

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

Grant Information

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.

Eligibility Criteria

The Social Enterprise Development Fund is 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 key criteria that applicants will need to demonstrate are:
- How does the social enterprise impact on a critical social issue
- How the social enterprise is or has the potential to be a sustainable business generating traded income from goods or services
The applications will also be assessed on how well they demonstrate that the social enterprise:
- Is innovative in an Irish context
- Has the potential to scale or replicate in Ireland
- Has the potential to create additional jobs