Innovation and Social Enterprise

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Post on 29-Jun-2015

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Presentation for Social Enterprise Wales conference about how innovation can help social enterprises grow and sustain in difficult times.

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<ul><li> 1. Innovation: supporting the growth of social enterprise Nick Temple Director, Business &amp; Enterprise</li></ul> <p> 2. Social Enterprise in the UK a closer look THE GOOD NEWS 29% of all social enterprises are three years old or younger 15% social enterprise leaders are BAME; 38% are women 91% of leadership teams have at least one woman 38% are based in the 20% most deprived areas (12% for normal SMEs) 52% actively employ people disadvantaged from the labour market Outstripping SMEs for growth in turnover (38% to 29%) 56% developed a new product or service in the last year 49% have some trade with the private sector 11% export or licence their product / service abroad BARRIERS / CHALLENGES Procurement policy (for 34% working with pub. sector) Access to (appropriate) finance - primary barrier Marketing / awareness - two sides of same coin Social impact measurement Wide variations by geography, scale, markets (largest are most likely to experience growth) 3. Social Enterprise in the UK a closer look THE GOOD NEWS 29% of all social enterprises are three years old or younger 15% social enterprise leaders are BAME; 38% are women 91% of leadership teams have at least one woman 38% are based in the 20% most deprived areas (12% for normal SMEs) 52% actively employ people disadvantaged from the labour market Outstripping SMEs for growth in turnover (38% to 29%) 56% developed a new product or service in the last year 49% have some trade with the private sector 11% export or licence their product / service abroad BARRIERS / CHALLENGES Procurement policy (for 34% working with pub. sector) Access to (appropriate) finance - primary barrier Marketing / awareness - two sides of same coin Social impact measurement Wide variations by geography, scale, markets (largest are most likely to experience growth) 4. 56% developed a new product or service in the last year 43% is the equivalent rate in mainstream / traditional SMEs 5. What prompts innovation? Unmet customer needsDifferentiationPoor performance Income diversification Cost &amp; efficiency savingsMarket opportunity New ideas &amp; insights New technology Intractable social problems 6. What prompts innovation? Unmet customer needsDifferentiationPoor performance Income diversification Cost &amp; efficiency savingsMarket opportunity New ideas &amp; insights New technology Intractable social problems 7. What prompts innovation? Unmet customer needsDifferentiationPoor performance Income diversification Cost &amp; efficiency savingsMarket opportunity New ideas &amp; insights New technology Intractable social problems 8. What prompts innovation? Unmet customer needsDifferentiation Market opportunityPoor performanceNew ideas &amp; insightsIncome diversificationNew technologyCost &amp; efficiency savingsIntractable social problems 9. 6 commandments of innovation:growth 10. 1. Innovation isnt an idea - its the implementation of an idea 11. 2. Stay open - to learning, to partners, to networks, to opportunity 12. 3. Innovation is a collaborative activity 13. 4. Make time for it - in plans, in diaries, in to-do lists look up! 14. 5. Dont ignore the big stuff 15. 6. Keep it on mission, and scaling impact 16. JOIN: www.socialenterprise.org.uk @SocialEnt_UK@nicktemple1nick.temple@socialenterprise.org.uk</p>