Social Entrepreneurship Communities can provide support to entrepreneurs launching new ventures. In today’s economic landscape it is challenging for aspiring founders to find the support they need without giving up large amounts of equity to find partners. A social entrepreneurship community can leverage a community’s pooled resources to provide capital and support to founders in a more organic way.
Community Examples
- Accelerator program to fund a number of entrepreneurs each year
- Hackathon Community to reward developers for building innovative projects
- Entrepreneur in residence Community to provide a deep level of support and education to teams with the most potential
Token Use
The Token in a Social Entrepreneurship Community can provide access to a range of opportunities within a certain community. The token can be used as voting power to determine what types of ventures get financial support, and to decide how support is provided to projects. The token can also be used to reward contributors after projects are successfully launched. Depending on the level of involvement the Community wishes to have in its prospective companies, the token could also be utilized to provide granular decision making for a company’s roadmap.
Projects
What are some examples of projects that could be proposed within the Community to enhance the value of the community?
- Start-up project from an inspiring entrepreneur
- Mentorship Program
- Real estate to provide locations for the aspiring entrepreneurs to work from
Votes
What can the community decide on together to ensure the best possible experience for everyone involved?
- What sector of the economy should be focused on
- Decide on the criteria requirements for prospective projects
- Determine the requirements back to the Community for each venture that is supported
Tasks
What are the things that need to be accomplished for the community to thrive that can be taken on by members?
- Event planning
- Reviewing Business Plans
- Project support on niche topics
Conclusions
Social Entrepreneurship Communities on Native can be a catalyst for entrepreneurship and connect founders to a network of support. The members in the Community play a fundamental role in deciding the vision for the Community and the types of projects that will be funded. This process could provide a more meaningful opportunity for experienced business people to participate and be rewarded for supporting projects they care about.
