Collaborative Entrepreneurship

As the field of social entrepreneurship has matured, social organizations and the community of the world’s leading social entrepreneurs have developed something that is far more powerful: collaborative entrepreneurship. This model goes beyond philanthropy and corporate social responsibility.
Widespread application of the model transforms industries to address basic human needs. It is an ecosystem of businesses and citizen sector organizations that leverages the critical strengths of each actor to transform markets and deliver essential products and services to low-income consumers. Some of these actors are considered hybrids—for-profit enterprises with social objectives—such as the Low-Profit Limited Liability Corporation (an L3C) which will provide the services and demonstrate how enterprises can create social change while remaining profitable.
The impact of collaborative entrepreneurship
This model goes beyond philanthropy and corporate social responsibility. By leveraging the core assets of CSOs and businesses, the ecosystem is inventing new paradigms by allowing both types of organizations to effectively work together. Widespread application of the model transforms industries to address basic human needs.
Investing in collaborative entrepreneurship has three extraordinary levels of impact:
# The 30 to 50 new entrepreneurs launched each year will each have huge and multiplying impacts. Five years after their start, 97 percent will be continuing full-time and 90 percent will have seen independent institutions copy their innovations.
# Each of these entrepreneurs will create hundreds—probably thousands—of other changemakers. They are role models. Their ideas disrupt the old ways. And, to succeed, they have to get local people to stand up and champion the entrepreneurs’ innovations locally. These local changemakers in turn become role models, disruptors, and local recruiters of yet more changemakers. This multiplication of changemakers goes to the heart of the most critical transformation of our time: from a world of elites into one where everyone is a contributing changemaker. As the pace of change accelerates, this is the only way solutions can outrun problems.
# Collaborative entrepreneurship will become the core process for the field of social entrepreneurship because it brings such great value to both the actors and the public good. It puts each subject area in full perspective and then carefully selects and entrepreneurs globally the very best ideas the field has produced.

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