Download - Launchpad - Simon Tucker
Launchpad
Simon Tucker, Young Foundation
SIX Summer SchoolDonostia-San Sebastian, 29 July 2008
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The Launchpad model
An incubator turning ideas into new social ventures
Early stage
Intensive
Push and pull factors
• Supporting social entrepreneurs and proactively creating new ventures
• Backing social businesses, social enterprises, non‐profits or public institutions
• Environment shaping with policy makers
• Training and partnering with public sector managers and commissioners
• Contributing to publications on social innovation
• Providing funding, social capital and entrepreneurial expertise
• Acting as interim entrepreneurs or co-founders
History
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• 55 year legacy of Michael Young
• 3 years developing individual projects
• 1 year operating funds
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Current overview
• 16 ventures in portfolio• 15 team members• €5m total funds• Leveraging third party funding: €3m(confirmed); €10-15m
(expected) • Subject of 5 year, €325k, evaluation
Launchpad portfolio
Source: xxx 5
Arrival
Asylum Justice
Enternships
Kidsof.com
School of Everything
Social Health Network
Active Community Living
Faking It
Living Life to the FullStudio Schools
Teach Next
Teach Too
Asylum Justice
SI CampActive Community Living
Kidsof.com
Living Life to the Full
Social Health Network
Arrival
Enternships
Faking It
School of Everything
Studio Schools
Teach Next
ArrivalAsylum Justice
Studio Schools
Enternships
Living Life to the Full
School of Everything
Active Community Living
Faking It
Kidsof.com
Social Health Network
Teach Too
SI Camp
Active Community Living
Faking It
Asylum Justice
Studio Schools
Teach Next
Teach Too
Arrival
Enternships
Kidsof.com
School of Everything
SI Camp
Living Life to the Full
SI Camp
Teach Too
Social Health Network
Concept
Proof of concept
Pilot
Social businessSocial EnterpriseCharity/ public body
Not yet known
Teach Next
Healthy Incentives
PlanMyCare
PlanMyCare
Healthy Incentives
Healthy Incentives
PlanMyCare
PlanMyCare
Healthy Incentives
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• Research
• Scouting
• Reacting to social entrepreneurs
• ‘Social Entrepreneur in Residence’
Our approach: pre-investment
Understanding needs & opportunities
Finding and generating ideas
• Ideation
• Scouting
• Calls for ideas around themes
• Applications through website
• Joint venturing
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• Structured screening overseen by investment committee
• 2 stages of support⁻ Stage 1: ~ €20-40k seed⁻ Stage 2: ~ €100-130k pilot
• Variety of financial instruments
• Co-founder, first investor status
Our approach: investment and support
Support
• Entrepreneurial coaching (or interim entrepreurs)
• Brokering additional funding
• Networking, partnering, policy
• Business planning
• Technical advice (legal, branding)
Investment