
Social Enterprise Business Model – Define your business idea with social impact
Are you a social entrepreneur with an idea that could disrupt the market with its social impact, but you struggle to define its full business potential via the traditional models and tools for strategy development?
Take a look at Social Enterprise Model Canvas (SEMC), a type of Business Model Canvas template used by social innovators that are funded and supported by the SoTecIn Factory EUR 3.3M funding & support Programmes. Read the project deliverable for in-depth explanation.
How is Social Enterprise Model Canvas used in SoTecIn Factory?
As part of circular business support provided to open call winners, social innovators participating in the project’s programmes are offered a combination of joint workshops and one to one mentoring on business modeling (provided by project partners bwcon, Impact Hub and CNR), which integrates social and environmental impact considerations, identify revenue streams, assess financial viability, and create a roadmap for sustainable growth of their tech-driven, circular solutions.
Screenshot from January 2024 Business Modelling workshop
for Programme 1 social innovators.
In particular, SoTecIn Factory utilises its deliverable D2.3 “Report on Business Models” (led by project partner bwcon) as the guidance tool for selected tech-savvy innovators to be more successful in solving industrial challenges (see Challenge Owners), based on selected Missions, with their solution’s social and sustainable approach, but to also better demonstrate the potential of their solution for other equivalent problems on the market and thus secure their existence.
As a result, SEMC is explained and recommended in this deliverable, after careful examination of different existing business models by the project consortium, as the most effective Business Model Canvas template to use for the development of their circular business ideas (as well as a step in their co-development and the Phase 2 pre-market technological demonstration of the Programme).
NOTE: The SEMC model is based on the findings of Sergio Sparviero (2019), who further developed the classic Business Model Canvas by Osterwalder and Pigneur (2010) for social enterprises.
How can you apply Social Enterprise Model Canvas on your solution?
If you are aiming for the similar goals as our social innovators, we invite you to read this deliverable to learn more about SEMC and how to apply it on your business idea, since D2.3 lays out this particular business model canvas with all of its building blocks, some inherited from the traditional BMC, others redefined to fit the analysis and terminology of social entrepreneurship and lastly, five new building blocks which are specifically added to address crucial features and needs of the social entrepreneurs.
The building blocks of Social Enterprise Model Canvas