Researching ways to finance new ideas in social innovation can be a timely process. Time that could be better spent developing a new product or concept can be lost to complex, and sometimes futile, searches for support.
To simplify things, the European Social Innovation Competition (ESIC) has released a new funding toolkit help make it easier for early stage innovators to ‘get their projects off the ground’. The initiative, backed by the European Innovation Council, is designed to pave the way for young pioneers to realise their vision.
“It aims to provide early-stage social innovators with tools, information and advice on what is needed (and why) to finance socially innovative ideas, projects or organisations,” the ESIC organisers said.
“The Funding Toolkit takes interested innovators through all steps, from laying the groundwork, how to access funding, early-stage finance tools and providers, specific EU funding opportunities and all the way through to next steps once funding is acquired. It is mapped around the trajectory of a rocket, from conception and design through to lift-off. It provides simple steps for social innovators and early-stage startups to follow, and breaks down the various avenues of funding available to them.”
View from Taiwan
Audrey Tang, Taiwan’s Digital Minister in charge of Social Innovation, was Marc Buckley’s guest earlier this year on the Inside Ideas podcast. Catch up with the episode now for more on social innovation, and check out some of the other Inside Ideas episodes for insight from leading pioneers in this field.