The Beyond Capital project aims to reduce the risk of failure for social economy startups. The project supports social entrepreneurs and early-stage managers in developing robust financial planning and provides them with all the tools needed to create an effective financial function. Additionally, the project disseminates in-depth knowledge of both traditional and innovative financial and banking instruments that address the specific needs of social enterprises and nonprofit organizations.
Goals
- Reduce the risk of failure for newly established social economy enterprises, the economy that works for people.
- Provide advanced financial training for social entrepreneurs and managers working in social enterprises, cooperatives, and nonprofit organizations, combining the knowledge needed for business management with financial skills.
- Disseminate advanced knowledge on funding opportunities and promote sustainable financing options for social enterprises.
- Promote a sense of initiative and entrepreneurial culture, understood as the ability to act innovatively and proactively, especially in financial planning and management.
Results
- Support the social economy ecosystem by providing a research report titled “Multi-Method, Iterative, and User-Centered Needs Assessment for the Next Generation of Social Enterprises.”
- Encourage and enhance social entrepreneurs’ existing knowledge in financial skills and sustainable financing tools and resources.
- Promote and enhance proactive attitudes and approaches in implementing the financial function within early-stage social enterprises.
- Provide early-stage entrepreneurs and managers with advanced financial and budgeting know-how to make their social enterprises more sustainable and high-performing.
- Provide assistance and support materials to early-stage entrepreneurs and managers to build a strong financial function and make their social businesses more sustainable and high-performing.
- Transfer solid knowledge, share insights, experiences, methodologies, metrics, and practical perspectives on social and sustainable finance for trainers, teachers, mentors, coaches, and educators, providing the “Open Guide for VET Providers.”
