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University of Essex

Social Venture Academy

Introduction

The Entrepreneurship and Innovation Group (EIG) of Essex Business School has developed a unique new initiative, the Social Venture Academy (SVA), under the auspices of the Higher Education Innovation Fund (HEIF)  scheme. This innovative initiative will aim to establish a creative platform for the generation, consolidation and realisation of new ideas for social enterprises, and social capital in the community of students, citizens and organisations engaged in productive social and economic change. 

What is SVA?

SVA will support the creation and growth of innovative social and community enterprises by University of Essex in partnership with community groups in Essex, and 'The Big Issue' one of UKs largest and successful social enterprises. This development will take two forms:

  • the establishment of new social enterprises by students; and
  • the promotion and enhancement of existing socialenterprises with students working alongside champions, managers, employees, and volunteers of these enterprises.

How will SVA work?

There will be 3 stages in the SVA initiative:

Stage 1:  EIG will host an 'awareness raising' event in the new year to invite all students with an interest in SE development. All participants will be asked to prepare outline social enterprise plans  with a view to obtaining specific forms of support. The outline proposals will be prepared and submitted by participants in between Stages 1 and 2. Click here for stage 1 event.

Stage 2:  All shortlisted proposals will be presented to a panel of University staff and other organisational representatives at the end of March 2010. Participants from a final shortlist will be mentored and coached with a view to pitching their proposals to a panel of reviewers at the third and final stage. Click here for stage 2 event.

Stage 3: pitching the ideas to potential funders and other sources of support by the final list of participants towards the end of October 2010. Considerable counselling and mentoring surgeries will be provided, by EIG. Click here for stage 3 event.