Training and know-how on social economy
Need help to start a social economy enterprise?
We provide know-how and consultancy on legal steps and documentation required for the establishment and management of social enterprises for public institutions, private organizations and individuals.
Let's have a chat about putting your ideas into action!
Ongoing social economy activity
Through ”Progressio - a project in support of the social economy” we provided EU-funded grants also know as ”minimis aid” for the establishment of social enterprises.
The project is initiated by the Association "Institute for Social Policies" in partnership with the Ruhama Foundation and IPA S.A. SMIS Code 2014+: 127419. Project co-financed from the European Social Fund through the Human Capital Operational Program 2014-2020.
Placing economy at the service of communities
The social economy brings together two concepts that are traditionally opposed. The innovation lays in doing business with a social mission.
Socio-economic empowerment combines classic business approaches with social actions to bridge the gap between local economic prosperity and communities' social needs.
Social economy entities
authorized protected units
minimum 30% employees and 50% of the working time are attributed to people with disabilitie
social insertion enterprises
30% of employees to be from vulnerable groups
90% of profit reinvested
In Romania, social economy enterprises are defined by Law no. 219/2015 on the social economy
The triple bottomline of social economy
The fundamental principle of the social economy is working for the common good.
This is why social economy enterprises follow an innovative and hybrid organisational model.
It's visionary from conception because of the triple bottom line, which is focusing its impact on people, the environment, and the local economy.
How to measure impact?
Measuring the impact of the social economy could enable a new form of “entrepreneurial philanthropy”, attracting new investors and markets for solving social problems.
Though largely undocumented and undervalued social value is crucial to the functioning of a society and it's often created by civic society.
Economic value is about deriving a return on investment and a benefit from sold goods or services.
Through social economy, we are now able to distinguish value innovatively, understanding how mutual benefit empowers communities while generating income as well as lowering public service costs in a number of ways.
Typologies of social enterprises
Based on their focus on sociality, innovation and market orientation, social enterprises can take various forms
integrated = economic activity produces social results
reinterpreted = an existing non-profit increases its income through economic activity
complementary = income from commercial activity subsidizes including the social mission of the related non-profit organization