Transforming lives and communities through social entrepreneurship

Keston Perry Founder, KUMBA Consulting Group/ New Maroons Media

JCI Seminar SeriesThursday September 12, 2013

Kelvin ‘DJ Focus’ Doe in Sierra Leone

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Creativity

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Entrepreneurship defined

• 3 dimensions of entrepreneurship • Create value (generate profit or social benefit)

• Implement an original idea or incrementally significant idea

• Coordination of resources (social, financial and human)

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Rights Reserved.

Entrepreneurship / Innovation nexus

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Qualities of a social entrepreneur

• Ambitious: tackle major social issues; social vision ; – Organisational forms: Innovative nonprofits, Social-purpose ventures, hybrid

organizations that mix elements of non-profit and for-profit organizations.

• Mission driven: Generating social value —not wealth—is the central criterion of a successful social entrepreneur.– promoting systemic social change.

• Strategic: opportunities to improve systems, create solutions and invent new approaches that create social value.

• Resourceful: limited access to capital and traditional market support systems.

• Results oriented: produce measurable returns. These results transform existing realities, open up new pathways for the marginalized and disadvantaged, and unlock society’s potential to effect social change.

(Martin & Osberg, 2007)

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Challenges

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Challenges • Learning and Physical

Disability• Crime / Juvenile Delinquency • Poverty / vagrancy • Illiteracy• Cultural disengagement • Digital Divide • Lifestyle diseases • Governance / People

participation • Unemployment • Family dysfunction

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Social Enterprise Cases

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Financing • Social Entrepreneurship Program

– MIF/IADB

• Ministry of Labour, Small and micro-enterprise Development

• Ministry of Community Development

• Corporate Social Responsibility initiative – e.g. Repsol

• International Support – Canadian High Commission, British Council © 2013 KUMBA Consulting Group. All

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Community Involvement

• Support system / network• Community-driven and

owned • Listening, learning and

action Strategic and long-term

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Sustainability • The ability to endure into the

future through effectively catalysing networks, resources and creating long term positively impact on the community.

• Funding model – trading or selling a product; donations; contracting services

• Reinvestment © 2013 KUMBA Consulting Group. All

Rights Reserved.

Thank You

kumba.consulting@gmail.com

www.thenewmaroons.com

@kestontnt

© 2013 KUMBA Consulting Group. All Rights Reserved.