Social Entrepreneurship

The act of creating, organizing and managing an income-earning venture to serve an explicit social purpose. The primary mission of a socially entrepreneurial organization is to create value that benefits the health and well-being of individuals, society, or the natural environment, rather than to create wealth for shareholders. Social entrepreneurs draw upon principles and best practices developed in both the traditional business and non-profit worlds. Venture philanthropists and social venture funds are often sources of financial support for social entrepreneurs.