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News – Page 4 – Better Incubation
Better Incubation is a project by LIAISE

EVPA new publication : Navigating Impact Measurement and Management

A new report from EVPA “Navigating impact measurement and management – How to integrate impact throughout the investment journey” demonstrates how impact measurement and management is deeply embedded into the DNA of investing for impact and how it drives decision-making throughout the whole investment journey, from the definition of investment strategy to the exit.

This report summarises the main elements to be taken into account to measure and manage impact throughout the investment strategy and the investment process, linking each phase to the relevant steps of the EVPA five-step framework.

To clarify how the EVPA five-step process and other IMM initiatives are linked and complement each other, this publication also refers to different principles or standards throughout the investment journey, such as the Dimensions of impact of the Impact Management Project, the Operating Principles of Impact Management, the Principles of Social Value and the SDG Impact Standards.

This report is part of the research project “Navigating impact measurement”, and will be coupled with other research materials, such as a short publication mapping IMM initiatives, a series of case studies, and a series of articles on burning topics.

The report can be downloaded here : EVPA_Navigating_IMM_report_2021.pdf

Better Incubation Communities of Practice for Seniors / Monica Moldovan: Supporting Seniors’ Entrepreneurship

Monica Moldovan is an expert and entrepreneur  participating in one of the five Communities of Practice created under the Better Incubation programme.

Seniors are one of the most vulnerable groups in our societies, who face various obstacles if they wish to return on the job market. A self-employment is one of the feasible options for many of them to stay active after retirement, therefore the practical solutions available to them are important to overcome existing barriers. Monica founded The care Hub, a platform envisioned to connect families in need of trustworthy caregivers with independent, older caregivers.

In The Care Hub, they choose to actively recruit and support older caregivers to work independently, thus strengthening their entrepreneurial initiatives and assisting with market reintegration. From legal to accounting to training to sales and marketing – the platform provides all types of support necessary for senior entrepreneurs to succeed.

So far, Monica and the Care Hub have enabled more than fifty people to work independently and supplied 11,500 hours of care to the community. In this process, they are tackling two issues at the same time: building caring communities for all ages and supporting seniors’ entrepreneurship.

Impact Hub had invited Monica to discuss her work in supporting seniors’ entrepreneurship.


Q: Monica, how would you describe yourself in a few words?

A: I am a dreamer, a humanitarian and a pioneer

 

 Q: What is your purpose, professionally and personally?

A:  My purpose is to make the world around us fairer for everyone.

Professionally, I do it by building more caring communities for all ages, through The Care Hub – a platform that connects families who need help caring for a loved one with older, already vetted and experienced caregivers and nurses. We provide dignified, paid work opportunities for older people and nurses who have experience in caring for others because we believe their wisdom and life experiences are valuable and can be shared with the wider community.

Personally, I enjoy supporting community projects that improve livelihoods. One of my dearest projects is ROVINHUD Wine Show, which is a unique event organized by a group of disability self-advocates from Ceva de Spus Association. They gather world-renowned Masters of Wine, wineries and wine connoisseurs for a weekend of tasting exquisite local and international wines while donating the proceeds to support the advocacy efforts of people with disabilities. We’re looking forward to organizing a safe 2021 edition between Nov 5-7 2021, in Timișoara – and would love to welcome new guests!

 

Q: Please, keep up the beautiful work! Now, let’s dive into your mission. Can you tell us more about The Care Hub? What’s its story?

A: The Care Hub is a tribute to my grandmother, with whom I was very close.

She lived by herself in her old age, in a small village in Romania, tending to her garden well into her 70s. She taught me that old people are not only wise but also active for many years after retirement. She enjoyed her independence and having to move to my aunt’s place during the last years of her life was difficult for her. For the following 15 years, I wondered how I could help people to grow old in the comfort of their own homes. I was also working abroad at that time and started worrying about my parents’ old age and how I could be there for them, even from abroad or when I’m busy with work. Finally, 5 years ago I connected the dots – why not help families support ageing parents to live independently by connecting them with nurses, older caregivers, or retirees from the community, who could help the elderly with their day-to-day life? That’s how The Care Hub was born.

 

 

Q: Your story shows the importance of paying attention to the people around us and their needs to better understand how we can strengthen our communities. Considering your whole journey with the Care Hub, what are the milestones you are most proud of?

A: The most touching achievement of The Care Hub and the best compliment to what we do was when one of our first caregiver partners, a retired lady of 67, told us cheekily that she likes working with us because we will never ask her to retire!

We are very proud of each of the 11,500+ hours of care delivered to 180 families in Timișoara, and are extremely grateful to the community of 55+ caregivers – many of them retired -, who invest time, effort and love in caring for older people.

In addition, most recently, we joined the #activeageing research community under the Active Assisted Living Programme as coordinators of the HEROES Project. The project aims to make recruitment of caregivers fast, reliable and cost-efficient to meet the care needs in local communities. To reach this objective, we combine the experience of retirees and nurses with the advantages of digital technology to create an age-inclusive recruitment platform. We are working alongside brilliant research partners from Austria and Switzerland – academic research centres on ageing, self-advocacy groups for older adults, user-testing organizations, etc. – and are grateful for the collaborative learning environment we share.

 

Q: Thank you for sharing your achievements with us! When you think of all the steps The Care Hub has taken to get to where it is now and all the adversities the elderly face in their journey to remain professionally and independently active, what do you consider to be the biggest challenges for seniors’ entrepreneurship? How can businesses and the community as a whole support them in this journey? 

A: Having spoken to many seniors in the past years, we see the collective mindset as the biggest challenge to senior entrepreneurship. Unfortunately, few (if any) associate the words ‘entrepreneurship’ with ‘seniors’. The world of entrepreneurship would be fairer (and perhaps more successful) if we chose to be inclusive of people of all ages. I believe that incubators can promote age-inclusive entrepreneurship by supporting older people in the areas they might find difficult – with legal matters, taxes, and technology. Businesses can promote senior entrepreneurship by developing age-inclusive products, co-created with seniors. As a society, we can work on improving the labour frameworks to allow for working arrangements that suit the preferences of older adults – did you know, for example, that many retirees prefer infrequent work arrangements that allow them to prioritize family commitments? Finally, each one of us can support seniors’ entrepreneurship by consciously choosing an empowering narrative regarding old age – one that speaks of wisdom, experience and active choices in life.

 

Q: Reflecting on the future, what are The Care Hub plans for the upcoming year?

A: Our dream is to build caring communities for all ages, city by city. In 2022, we hope to do so in 5 other Romanian cities and, hopefully, to find like-minded partners in the CEE that could replicate our model in their communities.

 

Q: At this point, you are certainly aware that entrepreneurship requires, among other things, a good deal of courage. What does the word ‘courage’ mean to you?

A: Courage is when you are afraid, but yet you keep going. Entrepreneurship is about exploring the unknown and this comes with accepting that, at times, we will be afraid of what we don’t know.     

 

Q: Last but not least, what was your key takeaway from the first Community of Practice (CoP) session?

A: As the founder of a social enterprise that is supporting seniors’ entrepreneurship and active ageing, I struggle at times to find the right support. I’ve been reaching out to friends, professional contacts and the local community to ensure that we’re getting the right advice. I joined the CoP intending to belong to a community of like-minded individuals working towards a shared goal and building on each others’ strengths, hoping that the journey ahead will feel less lonely. My key takeaway from the first CoP session was inspiration: I felt inspired by how each story of the participants was different, yet they were all united by a common belief that change is possible.

 

Follow Monica and her relevant work with The Care Hub.

 

Author of this post: Impact Hub 

Collection of Best Practices in Inclusive Entrepreneurship Support Programmes published

Better Incubation: Collection of Best Practices in Inclusive Entrepreneurship Support Programmes features 10 case studies from Impact Hub, EBN and other partner organisations to showcase different programmatic approaches on how to support vulnerable entrepreneurs.

The document took inspiration from the work carried out by the Better Incubation Communities of practice through the process of collecting the best practices, tools and resources related to each of the five target groups – women, migrants and refugees, youth, seniors and people with disabilities.

Our aspiration is to offer some practical insights for business support organisations, NGOs, local/national policymakers, funders and other stakeholders, to be applied in the design and implementation of inclusive incubation and support programmes, strategies and policies.

Collection of Best Practices in Inclusive Entrepreneurship

 

 

 

We are seeking: Contractor for the video production of 10 inclusive incubation pilots

EBN on behalf of the Better Incubation project consortium is looking for a contractor to design and produce 10 short videos which will be used to increase awareness and understanding on inclusive incubation of vulnerable entrepreneurs.

The videos should be featuring 10 piloting programmes related to incubation support provided for entrepreneurs from marginalised groups implemented by EBN and IHUB members involved in the Better Incubation Project.

Locations: Austria, Belgium, Bulgaria, Germany, Italy, Portugal, Spain, UK  (some changes might occur)

Assignment period: December 2021 – March 2022

Languages required: English and local languages

Application deadline: 30 November 2021

 

Please see Terms of Reference for more information –>  LIAISE Videos ToR

 

For further information please contact Michaela Lednova : michaela.lednova@ebn.eu

How to make social enterprise support system and social finance more inclusive? EVPA Annual Conference, 9 November

In its November Annual conference, European Venture Philanthropy Association (EVPA) will bring together speakers from European Commission, philanthropic and social finance sector to discuss how to make social enterprise support system and social finance more inclusive. The session is inspired by the activities and lessons learned from the Better Incubation Project, where EVPA participates as  project partner contributing to ecosystemic change of incubation ecosystem ensuring the perspective of social impact and related investors are taken into consideration.

Among other things, discussions will cover specific approaches which could be adopted by the social enterprise support system to ensure that vulnerable groups don’t face barriers when accessing support programmes or finance.

More information about the session  All Aboard! – EVPA Impact Month 2021

More information about the EVPA conference Programme – EVPA Impact Month 2021

CoP project ’50+ Getting Started. Boost your Project’  presented at the EMES International Research Conference

Centro de Empresas e Innovación de Aragón (CEEI ARAGON) based in Zaragoza, one of the EBN members participating in the Better Incubation Community of Practice for Senior entrepreneurs presented Better Incubation project to the international audience at the 8th EMES International Research Conference on Social Enterprise, held in Zaragoza, Spain in October 4-8, 2021.

In her presentation, Concepción Ramos, Project Manager at CEEI ARAGON, also featured their inclusive incubation pilot ’50+ Getting Started. Boost your Project’. Starting early September, the pilot will be implemented through mid-January next year. The three best entrepreneurial business ideas of senior entrepreneurs with innovative spirit will be selected and will receive incubation support directly at the CEEI ARAGON.

The importance of this pilot lies in boosting entrepreneurship and innovation in the rural environment, largely suffering from a lack of job opportunities and de-population. As she stated the inclusive entrepreneurship can facilitate creation of jobs and create opportunities for self-development and economic autonomy of under-represented groups, including seniors and women living in the rural areas.

The EMES Conference offered a unique possibility to present the project to the large audience of local and international stakeholders of academic and non-academic background, working in social innovation, social entrepreneurship and solidarity sectors.

 

More information about the EMES Conference can be found here.

EVPA Impact Month 2021 – Annual Conference, November 8th

In November, our partner EVPA will be hosting the EVPA Impact Month, a series of events aiming to explore how investing for impact can be a driving force for social recovery and transformation.

The heart of Impact Month is the EVPA Annual Conference on 9 November – taking place online and giving a platform for the impact community to learn, share and connect across the globe. The session How to make social enterprise support system more inclusive? will highlight the Better Incubation project and explore how to best support social enterprises to become investment ready and to connect them with social finance.

You can expect thought-provoking and inspirational speakers and discussions, interactive workshops, knowledge exchange, networking opportunities, and a space to share your learnings and perspectives with fellow practitioners.

In a context of social, environmental and economic challenges exacerbated by the Covid-19 pandemic, investing for impact is emerging as an effective strategy to achieve long-lasting social change. We must not go back to business as usual, which is what has led to many current crises, from climate change to widespread poverty and inequalities. Instead of building back—even if it is “better”—let us be more ambitious and aim for societal recovery and transformation!

 

 

The second issue of the Better Incubation Project Newsletter published

The #2 Newsletter gives insights on the key takeaways on the panel related to inclusive incubation held during the recent 2021 EBN Congress, and provides an overview of project progress, covering June – September 2021. Besides, you will find there the interviews with the two inspirational social entrepreneurs who are part of our project Communities of Practice.  Finally, we are happy to share with our project plans for upcoming months.

You can download it here and subscribe.

Better Incubation Communities of Practice for Women / Gabriela Matouskova : Supporting social entrepreneurs’ wellbeing for social change

Continuing our interviews presenting social innovation experts and inspirational entrepreneurs collaborating with us in the Better Incubation project, we thought this would be a great opportunity to introduce Gabriela Matouskova, a social entrepreneur passionate about wellbeing and using business as a force for good.

Gabriela is the CEO of Hope 4 The Community, the social enterprise providing organisations with affordable, face-to-face and digital products and services to empower people to manage their wellbeing, and the founder of Grow Consult, the social enterprise consultancy helping small and micro social enterprises to achieve their potential and create change.

She has joined the Better Incubation international Community of Practice for women, where she shares her hands-on experience with the incubation practitioners so that practical and real challenges of female entrepreneurs are reflected in the process of business incubation.

We are also looking forward to seeing Gabriela at 2021 EBN Congress as one of the speakers in the session ‘Beyond mainstream incubation: Supporting social and inclusive entrepreneurship  for social impact’ on 15th September.

 Q : Gabriela, you have been engaged in social /inclusive entrepreneurship projects for more than 20 years. If you were to write a book about yourself, how would you name it?

 G : The Big Social. I feel too young to have a memoir so it would cover stories of other social entrepreneurs and their businesses. All of it – the good, the bad – there is so much to learn from others.

Q : Looking back in time, what inspired you to become interested and passionate about social entrepreneurship? Do you still feel the same way?

G: Absolutely yes! I left a steady job in 2019 to make the leap into running our social enterprise. And I haven’t looked back, not once. I hope I will never stop feeling this way. What inspired me? The people. Seeing the impact. And the passion, commitment, resilience and drive for change. You can say, I have found my tribe.

Q : You have worked with a wide range of social enterprises and social innovators from different countries, can you share with us your experience. What was the most inspiring social enterprise or entrepreneur you have worked with?

G : I have been privileged to meet and visit many social entrepreneurs around the world. Whether they were running a women’s cooperative in Egypt or producing mangrove fruit chips in Indonesia, they all had one thing in common – passion to change things for the better.

The one entrepreneur that personally inspired me is Karen Lynch. When I met Karen, she was a CEO of Belu, an innovative social enterprise and the UK’s most ethical water brand. Belu was started with the simple idea that there was a better way to do business by reducing environmental impact and using all profits to fund clean water projects. Belu passed over £5 million of profits to WaterAid.

I was “matched” with Karen through a Human Lending Library – a session organised by Expert Impact –matching successful entrepreneurs with social enterprises for free advice and mentoring. Karen is a champion of profit with purpose, the circular economy and of collaboration for positive progress.

We spent an hour together, going through the business details, and me explaining that I was thinking about leaving my job to try to grow Hope For The Community CIC. Karen asked lots of clear and direct questions – she is great like that! And then just said “what is stopping you?”.

Sometimes you just need that bit of encouragement from someone who has done it.

I left my role and joined our social enterprise few months later. And despite the pandemic, 18 months on, we are supporting thousands more people to manage their health and wellbeing, have grown in size and made profits to be re-invested in our community.

Q : On the other hand, as the coach and mentor, you have a first-hand understanding about the challenges and constraints social enterprises face. These barriers are even more accentuated in the case of vulnerable groups in our societies, such as migrants, women or youth. What advice would you give to any aspiring female entrepreneur reading this?

G : The fact is, working to achieve something is always hard. Few years back I was a migrant, single mother, working full time whilst studying for a part-time university degree. I couldn’t have even imagined then, where I am now.

Arthur Ashe, the American tennis player, put it best when he shared his thoughts about taking on challenges: “Start where you are, use what you have, do what you can”.

  • There’s never the perfect time to start
  • Be clear about the social issue you are trying to solve
  • Know the root cause
  • Build on your strengths
  • Find a mentor or coach
  • You can do anything, but not everything
  • Ask for forgiveness, not for permission

There will always be mountains behind mountains, so remember to be kind to yourself.

Q : During our Community of practice meetings, a courage of female entrepreneurs to become a leader and role model has emerged as one of the desired prerequisite to encourage other women to embark on their entrepreneurial path.  I would be very curious to understand qualities a woman needs to become a successful business leader who can engage others in solving social issues?

G: I feel that choice of language is very important for inclusivity.

Setting “pre-requisites” can create barriers. “Success” is a subjective measure.

For me the key qualities are purpose, empathy, compassion and resilience. Both as personal attributes and the values to build your business on.

Authenticity and clear values will make you and your organisation one that people want to work for and work with.

Q : When looking at your profile, along with your practical connection with social innovation and social entrepreneurship, you have also worked for Coventry University Social Enterprise (CUSE). Could you share with us more about this experience? 

G : It is exciting to see that CUSE is also a member of EBN network of business support organisations participating in the Better Incubation programme.  CUSE is where I learned first-hand about social entrepreneurship. I spent three years working there, part of a great team.

CUSE is the only UK example of a social enterprise set up by a university to promote social entrepreneurship and innovation. I feel it represents the civic role that universities should have in their community. Working with students, staff and general public to realise their entrepreneurial potential and to create social value.

My role centred on income generation, business development and impact management. As a migrant to UK, I was excited to be part of the team securing funding for MiFriendly Cities, a regional project supporting refugee and migrant entrepreneurs to start mission driven businesses.

I enjoyed supporting other entrepreneurs, but felt I wanted to be closer to the “action”. My work with university academics to extend the impact of their research on society through sustainable social enterprise models led me to my current role as CEO at Hope For The Community CIC, Coventry University’s first research social enterprise spin-out.

We have a strong partnership. The University are our research and evaluation partner, continuously strengthening the evidence base of our wellbeing programmes.

Q : When it comes to inclusive incubation what would be three effective approaches you would recommend to be embraced by the business incubators to unleash the potential of social or marginalised entrepreneurs?

G : Business incubators work with aspiring entrepreneurs from all walks of life. Here are my top three tips:

  1. Business incubators should be open to co-producing their programmes. And remember that co-production doesn’t end after few workshops – it must be ongoing. Make co-production an essential part of the way you design, evaluate and manage impact of your programmes.
  2. It’s important to keep the incubation programmes simple, flexible and culturally relevant. The complex eligibility criteria can create barriers for many. As can certain modes of delivery. Ask and listen to entrepreneurs you support and be flexible.
  3. Finally don’t forget to support wellbeing support . Burnout is a widespread issue amongst entrepreneurs, especially at the start-up stage. The pandemic has exacerbated health inequalities. Research has shown that women and people from ethnic minorities were disproportionately affected by COVID-19. What can you do? Partner with an organisation that can provide wellbeing support independently or include range of self-care tools and offer plenty of opportunities for peer-support on your incubation programmes. And don’t forget to give your staff the skills and confidence to do this! Encourage entrepreneurs to invest in building “healthy” culture in their business. This will pay dividends for them personally and their organisation in the long-term.    

Follow Gabriela work on Twitter and LinkedIn

Author of this post: EBN

EVPA Financing for Social Impact Online Course – 12, 14, 19, 21 October

The online training on tailored financing for social impact is the perfect match for all those interested in deepening their understanding of the strategies that investors for impact use to design financial instrument(s) and support social purpose organisations (SPOs) in the best way to create more impact.

A new module focusses on hybrid financial instruments and mechanisms (e.g. Social Impact Bonds). You will learn from seasoned EVPA members and their real-life cases how you can improve your financing strategy.

Register by September 12 2021 here

 

Inclusive Incubation featured at 2021 EBN Congress

EBN will be hosting its Congress Emergent Futures, virtually on the 14-15 September 2021. The Congress will explore how entrepreneurial innovators and their support actors can build back more resilient ecosystems, supporting the transition to a new digital, green and fair golden age.

Inspired by the Better Incubation project, the panel Future Entrepreneurial Innovators – Supporting inclusive entrepreneurship for great impact  held 15 September, 15:30 – 16:45  CET, will convene a mix of speakers, each of them representing a key part of the incubation process.

We are grateful to have a remarkable group of panellists for this session: Karel Vanderpoorten, Policy Officer at DG GROW, European Commission, Mariama Njie-Ceesay, Social Enterprise Programme Manager at the Coventry University Social Enterprise CIC  and the member of the EBN, Tomas Vila Luz, Policy Analyst from MAZE Accelerator and Gabriela Matouskova, CEO from Hope for Community and social entrepreneur.

They will discuss how to bring incubation and business support services closer to the whole society to promote entrepreneurship and self-employment as means to create jobs, develop skills and give unemployed and vulnerable people an opportunity to fully participate in the society and economy.

As the business intermediaries such as EU|BICs are well-positioned to address these challenges by embracing social and inclusive entrepreneurship due to their regional functions and strong connections with public institutions, the ultimate objective of the panel is to provide insights into opportunities and challenges which could be faced by the business support organisations in their process of incubating entrepreneurs from vulnerable groups, and introduce a range of options on how these challenges could be addressed.

EVPA/Social Value UK : Social Impact Measurement and Management Online Course starting 14 September 2021

Are you interested in taking part in a dynamic and interactive training on measuring and managing social impact?

Are you eager to learn more about how to maximise your impact?

 

This training is a great opportunity to fully immerse into measuring & managing the impact you generate!

It is a comprehensive online training consisting of self-paced preparation learning, online live sessions and homework assignments. The course has been developed and will be delivered together by European Venture Philanthropy Association (EVPA) and Social Value UK. The interactive live sessions will take place on 14, 16, 21, 23 September 2021; each from 09:00-12:00 CEST (Brussels time).

If you want more information or to register consult EVPA website. Places are limited, make sure to book yours as soon as possible but at the latest until 29 August.

 

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