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The Social Innovation Fund (SIF) - funded by Scottish Government and the European Social Fund - adopts a ‘public venture capital’ model to support socially innovative organisations. This article critically explores the use of public venture capital programmes to fund and grow the social economy through the case study of Heavy Sound Community Interest Company. We conclude that, while SIF funding helped Heavy Sound to scale-up an effective intervention in the short term, further significant scaling might undermine the project’s success and long-term sustainability was not assured. We call for further research into the long-term consequences of public venture capital programmes coming to an end, including coordinated evaluation of the SIF.
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The Social Innovation Fund (SIF) - funded by Scottish Government and the European Social Fund - adopts a ‘public venture capital’ model to support socially innovative organisations. This article critically explores the use of public venture capital programmes to fund and grow the social economy through the case study of Heavy Sound Community Interest Company. We conclude that, while SIF funding helped Heavy Sound to scale-up an effective intervention in the short term, further significant scaling might undermine the project’s success and long-term sustainability was not assured. We call for further research into the long-term consequences of public venture capital programmes coming to an end, including coordinated evaluation of the SIF.
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The term ‘social innovation’ has come to gather all manner of meanings from policymakers and politicians across the political spectrum. But while actors may unproblematically unite around a broad perspective of social innovation as bringing about (positive) social change, we rarely see evidence of a shared vision for the kind of social change that social innovation ought to bring about. Taking inspiration from methods that recognise the utopian thinking inherent in the social innovation concept, we draw upon Erik Olin Wright’s concept of ‘real utopias’ to investigate the moral underpinnings inherent in the public statements of Ashoka, one of the most prominent social innovation actors operating in the world today. We seek to animate discussion on the moral principles that guide social innovation discourse through examining the problems that Ashoka is trying to solve through social innovation, the world they are striving to create, and the strategies they propose to realise their vision.
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The term ‘social innovation’ has come to gather all manner of meanings from policymakers and politicians across the political spectrum. But while actors may unproblematically unite around a broad perspective of social innovation as bringing about (positive) social change, we rarely see evidence of a shared vision for the kind of social change that social innovation ought to bring about. Taking inspiration from methods that recognise the utopian thinking inherent in the social innovation concept, we draw upon Erik Olin Wright’s concept of ‘real utopias’ to investigate the moral underpinnings inherent in the public statements of Ashoka, one of the most prominent social innovation actors operating in the world today. We seek to animate discussion on the moral principles that guide social innovation discourse through examining the problems that Ashoka is trying to solve through social innovation, the world they are striving to create, and the strategies they propose to realise their vision.
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Sujet
- Changement (1)
- Innovation sociale (2)
- Réservé UdeM (2)
- Scaling-up (2)
- UK (2)
- Utopie (2)
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- Article de revue (4)
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