Social Enterprises are entities that leverage the best practices of entrepreneurship to achieve social missions such as addressing climate change, enhancing human health, reducing extreme poverty, improving access to opportunity, helping under-served communities (such as the disabled, the formerly incarcerated), etc. Advance Social Innovation (ASI) is a nonprofit (a 501c3) dedicated to helping social enterprises succeed and become sustainable.In order to help social enterprises succeed, ASI has licensed an innovative mechanism invented by its strategic partner, Reframe It, Inc.--the CrowdDoing approach. CrowdDoing helps social enterprises address gaps in human capital and financial capital. It is designed to help social enterprises to scale and compete successfully alongside companies that have no or minimal social missions. It helps early-stage social enterprises address gaps in human capital by giving them affordable access to highly-skilled volunteers.

Only 8% of social enterprises are at growth-stage and beyond (with more than 100

employees). This creates a mismatch between the needs of social

enterprises and the behavior of impact investors. The vast majority of social

enterprises are at seed stage or venture stage. But impact investors direct

89% of their capital to post-venture, grow-stage social enterprises and large,

established, publicly-traded social enterprises. For-profit social

enterprises with high potential impact have had very limited access to

volunteers. Until now there has been no mechanism for individuals in the

general public to grant their own time to help change the world by increasing

the chances that fledgling social enterprises can bring transformative

social innovations to market. CrowdDoing was created to provide such a

mechanism. Studies show that in addition to raising less capital than their

traditional venture-backed startup peers, social enterprises have less access

to expertise relevant to their needs than their startup peers do.

http://www.advancesocialinnovation.org

• Bobby Fishkin
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