Ecosysteem voor Sociaal Ondernemen Brussel – 24 juni, 2013

Vision: entrepreneurship for society Important challenges in society should be tackled in an entrepreneurial way aiming for shared value. That is combining economic added value with social impact. Ecological Ethical Community Demographics Poverty Health and Well-Being

What is a social enterprise? Two key characteristics: Mission-driven: the primary goal is to generate social value (impact) by mitigating a social problem or market failure and/or meeting a social need or challenge Market-oriented: pursue goals in an entrepreneurial manner, generating own revenues to sustain themselves Spectrum of organisations – Social and Profit motive combinations Non-profit with Income generating activities Social Enterprise Socially Responsible Company Company with CSR activities Pure non-profit Pure for-profit Social mission motive first Stakeholder accountability Profit-making motive first Shareholder accountability Amnesty International Boops & Burps Fit Class Tintelijn Rubies in the Rubble Eneco Colruyt Delhaize

Their needs Social Enterprise

The Ecosystem Social Enterprise Consultancy in sociale business innovatie Coaching & Research Kapitaliseert de groei van sociale ondernemingen (SE) Verlaagt drempel voor prof. coaching aan SE (verzekert de kost)

We can be a structural partner Opleiding en coaching medewerkers-bank over doelgroep sociale ondernemers Consultancy Research + kenniscentrum Cocreatie rond maatschappelijke thema’s: 2013-2014 armoede- platform Haalbaarheidsstudies Coaching jonge Sociale ondernemers Versterken eigen vermogen sociale ondernemer SIA Social Innovation Accelerator Verkleinen risico haalbaarheidsstudies Netwerk van ondernemingen die sociale innovatie willen stimuleren

We need structural partners Coaching & Research Hefboom:  Research: factor 5 (4 EUR public funding per 1 EUR privé)  Coaching: factor X (betere coaching en hogere instroom voor SIA en SI³ Fund) BU-plan  Opstartkost: investering van € 300.000 gedurende 3 jaar  Vanaf 2016 moet kost kunnen gedragen worden door ECO-systeem Kapitaliseert de groei van sociale ondernemingen (SE) Committed Capital: 11,5 M EUR Target fund size : 15M EUR (2014) Target ROI: 4 à 7% SIA Social Innovation Accelerator Verlaagt drempel voor prof. coaching aan SE (verzekert de kost) Committed Capital: 400K EUR Target size: 1M EUR (2014) Opbrengst: 0% Bancaire partner

Deelname in het ecosysteem: mogelijkheden Financieel Commitment van 3 en 5 jaar Kapitaalsinvestering: 1,2M EUR Gift: 300K EUR Kapitaalsinvestering: 300K EUR Gift: 150K EUR Organisatie € Timing Investerings-horizon Rendement SI² Fund 1M EUR 2013 5 jaar 4 à 7% Social Innovation Accelerator 200K EUR 0% Innovation & Action Lab 3 x 100K EUR 2013 - 2015 NA Organisatie € Timing Investerings-horizon Rendement SI² Fund 250K EUR 2013 5 jaar 4 à 7% Social Innovation Accelerator 50K EUR 0% Innovation & Action Lab 3 x 50K EUR 2013 - 2015 NA

i-propeller vision & mission

i-propeller in a nutshell Team : Team of 17 persons and 5 different nationalities Specialised in service innovation, business model and strategy development Strong experience in open innovation methodologies Backgrounds in strategy, finance, marketing and change management Active for corporations & government Directors: Founders Toon Diegenant, Johan Moyersoen, Fried Roggen, Marieke Huysentruyt Investors Koenraad Debackere, Algemeen Beheerder KULeuven (KULeuven) Jan Lamers, Board Member Triodos Bank, voormalig CEO De Tijd (Triodos Invest) Barbara Roose, Senior Investment Manager GIMB / SRIB (BruStart) Piet Colruyt

i-propeller core focus = consultancy Reveal which social trends are most likely to impact your business. Assess your innovation potential. Define which new services should be designed to turn those trends into a business opportunity. Design a new service that is profitable for you and society. Strengthen your strategy with social business innovation. Design and build a network to stimulate social business innovation in your organization or ecosystem. Strengthen your internal capabilities to develop and implement social business innovations. Reveal and communicate the impact of your organization on society. Opportunity Scan Service design Strategy Network design Capacity building Impact reporting +60 clients in last 5 years

Investment fund for social enterprises SI² Fund is a social impact investment fund. The fund invests in social enterprises that apply entrepreneurial concepts to achieve social goals. SI² Fund aims for both a financial and social return from its investments. Social enterprises face a funding gap on account of limited appetite from traditional venture capital providers. SI² Fund adresses this gap. SI² Fund is uniquely positioned thanks to its partnership with i-propeller, a leading expert in social entrepreneurship. The Fund’s close tie-in with the incubation and coaching ecosystem of i-propeller provides strong support for deal flow . SI² Fund is an open-ended investment fund (exit possibilities after 5 years). The fund has closed an inaugural deal, is developing a promising pipeline and is open to new investors looking for measurable social impact combined with fair financial returns.

Investment Criteria SI2 Fund will consider early and development stage ventures with the following characteristics: Creating social impact by tackling challenges in one or more of six trends: demography, community, poverty, environment, health and well being, ethical goods and services Social impact generation as an integrated and measurable part of the business model Clear plan to attain financial viability and generate a fair return for investors based on a solid business plan and model Strong and committed management team Good deal structure with exit potential

SI² Fund team Board of Directors Fund Management Investment Committee Maximum 9 members: up to 6 investor representatives + one i-propeller + two independent directors Piet Colruyt, Impact Capital (cornerstone investor) Johan Moyersoen, i-propeller Stefan Yee, AS Partners, PE group Elinor de Pret Marij Colruyt Steven Serneels Michaël Bremans, ex-president Ecover Group: Independent director Corporate governance Strategy definition Final decisions on investments over 500K Fund Management Target: 3 FTEs dedicated + i-propeller support Fried Roggen (i-propeller), Fund Manager Bart Van Aelst, Investment Adviser Jennifer Marzullo (i-propeller), market strategy Stefan Yee, supporting Fund Management Laurent Ledoux, supporting Fund Strategy Daily operations Prepare, execute and implement investment strategy Investment Committee Fund Manager + investor representatives + independent director(s) Fried Roggen Piet Colruyt Stefan Yee Independent: Michaël Bremans Investment review Final decisions on investments up to 500K External Auditor VMB represented by Alain Bolssens Review of accounts Determine intrinsic value (semi-annual)

Target Fund Size EUR 15,0m (11,5m committed to date) Investment size Up to EUR 500K, or maximum 10% of the fund Co-investments with others possible Significant minority stakes (majority if req’d) Geographic focus Focus on Belgium & neighboring countries Investment stage Focus on early stage (non-seed) and development stage Investment horizon 5-7 years Investment instruments Equity & equity-linked Investment approach Pro-active role, with Board representation Term Open ended, but aimed at exit possibilities after 5 years Investor exit Dividend, capital decrease, recap, intra-shareholder sale

Conclusion Why Invest? Investment opportunity: bridge a funding gap by addressing an unmet need Do more with money: measurable social impact combined with fair financial returns Be intelligently pioneering: first fund of its kind for its region, but backed with a strong ecosystem of partners to ensure success Be part of a new sustainability trend that will shape and benefit future generations

Coaching & research A not for profit organisation (v.z.w. / a.s.b.l.) Focus Coaching services for social enterprises Research about social enterprises and how to create social impact in an entrepreneurial way Leadership Loïc Van Cutsem, general manager An i-propeller spin-off The founders of Innovation & Action Lab asbl are the partners of i-propeller i-propeller is strongly inspired by social enterprises and their talent to find solutions with a strong social impact and a sound business model Since the start of i-propeller, the company allocated 15% of its time to free incubation & coaching services for social enterprises The company initiated various research projects on social entrepreneurship and innovation what has allowed to strengthen its knowledge and methodologies The goal of spinning off the incubation services and research activities into a separate structure, is to allocate more dedicate focus and an ambitious growth model for the incubation & coaching and research activities.

Coaching: increasing the speed to market The Innovation & Action Lab offers services to meet the needs of the social entrepreneurs taking into account prior work completed, business acumen of entrepreneur and desired professional advice Level of Support Social Innovation Scan Social Innovation Business Assessment Social Innovation Coaching Low Medium High More than 100 social entrepreneurs have been coached by i-propeller prior to launching the lab as a separate structure.

Research: action oriented The Lab is a nexus of academic, private sector, public sector and civil society collaboration. Gathering intelligence on: social entrepreneurs (access to data on over 2000 SEs) how to create social impact in an entrepreneurial way Initiating fresh academic research projects since 2008 with leading business schools and network organisations of social entrepreneurs and social innovation in general.

SIA Social Innovation Accelerator

Verlaagt de drempel tot professionele coaching SIA Social Innovation Accelerator Verlaagt de drempel tot professionele coaching CVBA opgericht: februari 2013 Kapitalisatie: 22K EUR Eigen Vermogen bij oprichting 400K EUR trekkingsrecht op renteloze lening Doelstelling EV: 1M in 2014 Leden van de CVBA Oprichters: personen vanuit de bedrijven die het initiatief namen voor de Sociale Innovatiefabriek Toekomstige leden: organisaties en personen die de club willen vervoegen en haar doelstellingen onderschrijven Doel Verzekeringsfonds: de kost van coaching traject voor sociale ondernemers wordt verzekerd Inspireren: bedrijven en personen inspireren over sociale business innovatie Van waar komen de voorstellen tot verzekeren van coaching trajecten Vanuit het Innovation & Action Lab Overige actoren die binnen de criteria van SIA willen werken Vanuit de sociale innovatiefabriek

Een organisatie van bedrijven voor bedrijven opgericht door managers SIA Social Innovation Accelerator Een organisatie van bedrijven voor bedrijven opgericht door managers Oprichters (personen) Jan van den Nieuwenhuijzen (CEO & lid van de RvB) Piet Colruyt (Voorzitter RvB) Renate Degrave (lid van de RvB) Geert Palmers Laurent Ledoux Christophe Degrez Hanne Van Waeyenberge Pieter Vandekerckhove Initiële leden (bedrijven) Tessenderlo Group Eneco België 3E Telenet Fifth Play (Niko Group) Joker Triodos Bank Urban Product PE Group Impact Capital City Live Blixt Zappware Shortcut – change designers

The Ecosystem leverages Other organisations, projects and cooperations have been set up thanks to the leadership and example set by the organisations in the ecosystem BENISI

BENISI SIA Social Enterprise Social Innovation Park Shanghai 2013 - 2016: 12M EUR 2013 - 2016: 1M EUR EC i-propeller EU consortium BENISI Social Innovation Park Shanghai Social Enterprise SIA Social Innovation Accelerator

Stimuleert sociaal ondernemerschap & sociale innovatie Een v.z.w. ‘Lichte Structuur’ met geoormerkte IWT middelen: meer dan 12M EUR voor acties in de periode 2013 – 2016 Doel Sociaal ondernemerschap en sociale innovatie ondersteunen om het hoofd te bieden aan belangrijke maatschappelijke uitdagingen in Vlaanderen. De fabriek dient te zorgen voor een doorbraak van sociale innovatie, complementair aan technologische innovatie, in Vlaanderen. Doelgroep  Sociale ondernemers, middenveld en bedrijven … die op zoek gaan naar nieuwe aanpakken om sociale impact te realiseren… hierbij ondersteund door kennisinstellingen en overheidspartners.

Initiatiefnemers: bedrijven en civil society Tessenderlo Group Eneco België 3E Fifth Play Joker Blixt Urban Product City-Live Triodos Bank Telenet Impact Capital PE Group i-propeller Zappware Shortcut – change designers Organisaties: ACW FOV BBLV Minderhedenforum (Forum voor Etnisch-culturele Minderheden) Gezinsbond VSGF (Soc. mutualiteiten en socio-culturele verenigingen) Netwerk Armoede (Netwerk van Verenigingen waar armen het woord nemen) Raad van Bestuur 1. Jan van den Nieuwenhuijzen (Social Innovation Accelerator) 4. Frederic Vanhauwaert (Netwerk Armoede) 7. Overheid 1 2. Vincent De Dobbeleer (Eneco) 5. Danny Jacobs (Bond Beter Leefmilieu) 8. Overheid 2 3. Hanne Van Waeyenberge (In der minne) 6. Ann Demeulemeester (Verenigde Verenigingen) 9. Overheid 3

Resultaatgerichte aanpak REACH: jaarlijks minstens 5.000 actoren bereiken ENGAGE: jaarlijks minstens 2.100 actoren laten participeren aan de activiteiten ACTION: jaarlijks 256 actoren aanzetten tot actie (individuele of collectieve) om tot een effectieve sociale innovatieve realisatie te komen NURTURE: jaarlijks 36 actoren begeleiden tot het realiseren van een haalbaarheidsstudie en 18 actoren om een effectief steunbaar innovatietraject op te zetten. Van bewustmaking tot concrete realisatie

China’s largest physical platform for Social Entrepreneurship and Social Innovation

China – Europe exchange of knowledge The Social Innovation Park in Shanghai (“The Nest”) aims to support, promote and incubate social enterprises and social innovation 23,000m² situated in Shanghai’s Huangpu District Operated by NPI, a local not-for-profit organization serving the development of the social sector in China. i-propeller has been supporting and learning from NPI since 2012 On-site workshops, lectures, joint projects and monthly on-line meetings, focus on: the ecosystem for social entrepreneurship (incl. creation of a Lab and an investment fund) designing the services and business model to support social entrepreneurship

Upscalling of 300 social innovations in Europe BENISI BENISI Upscalling of 300 social innovations in Europe

Access to Europe’s leading social enterprises & social innovations BENISI BENISI: Building European Network for Incubation of Social Innovation FP7 – Coordination and Support Action  (CSA) Budget : 1M Euro Duration: 36 months  (March 2013 – March 2016) Lead partner: i-propeller Pan-European consortium Approach: Reach across different types of social innovations Flexible framework allowing different types of scaling Development of a dedicated infrastructure for knowledge sharing Open network structure for diverse stakeholders to participate (SIAN)