European Social Innovation Competition, European Innovation Council, Frank Appeldoorn, Holger Westphely, Jakob Detering & others
European Innovation Council
2024
š Context and Publisher Information The "Finance your social innovation - Toolkit" was created by the European Innovation Council, which is a part of the European Commission. This toolkit aims to support early-stage social innovators in getting their projects off the ground. Released on March 20, 2024, it is designed to provide practical guidance and resources for individuals and organizations looking to implement social innovations across Europe. š” Overview of the Toolkit The newly launched funding toolkit is specifically tailored for early-stage social innovators and young start-ups. It guides users through essential steps such as laying the groundwork for their projects, accessing funding, and utilizing early-stage finance tools and providers. The toolkit also highlights specific funding opportunities available within the European Union, ensuring that innovators have comprehensive support as they develop their business models. š A Unique Structure What sets this funding toolkit apart is its structured approach, which is metaphorically mapped around the trajectory of a rocket, transitioning from conception and design to lift-off. This visual representation helps users understand the progression of their projects and the necessary steps to secure funding. The toolkit breaks down various funding avenues, making it easier for users to navigate the complex landscape of financing social innovations. š Practical Tools and Case Studies The toolkit is not just theoretical; it includes practical tools that users can implement to translate their ideas into actionable steps. Additionally, it features inspirational case studies from various EU Member States, showcasing successful social innovations and providing real-world examples of how funding has been utilized effectively. š©āš« Expert Contributions Throughout the toolkit, users will find valuable insights from respected experts in the field, including Frank Appeldoorn, Managing Partner at Arches Capital; Holger Westphely, Acting Head of CAF Venturesome; and Jakob Detering, Managing Director of Social Impact Award. Their contributions lend credibility and depth to the information provided, ensuring that users have access to quality advice and guidance on their journey toward social innovation. Overall, the "Finance your social innovation - Toolkit" represents a significant resource for individuals and organizations focused on sustainable housing and social impact initiatives, offering practical support in accessing funding and advancing their projects.
European Innovation Council
Finance your social innovation ā New funding toolkit released
A new funding toolkit from the European Social Innovation Competition, run by the European Commission, with support from the European Innovation Council, has just been released to help early stage social innovators get their projects off the ground.
The free toolkit takes interested innovators through all steps, from laying the groundwork, how to access funding, early-stage finance tools and providers, specific EU funding opportunities and all the way through to next steps once funding is acquired. The toolkit is mapped around the trajectory of a rocket, from conception and design through to lift-off. It provides simple steps for social innovators and early-stage startups to follow, and breaks down the various avenues of funding available to them. This new funding toolkit is different to others as it focuses specifically on the early-stage social innovators and young start-ups, enabling those still formulating business models and plans to benefit from information and guidance. Within the toolkit users will find information and guidance, specific tools for users to put theory into practice, and inspirational case studies from across EU Member States. Expert contributions from respected individuals such as Frank Appeldoorn, Managing Partner at Arches Capital, Holger Westphely, Acting Head of CAF Venturesome and Jakob Detering, Managing Director of Social Impact Award, are also available throughout the toolkit.