Social Enterprise Typology Breaks Down Traditional Boundaries Between Nonprofit and Private Sectors

We are entering a new era of social enterprises. Virtue Ventures currently defines a social enterprise as "any business venture created for a social purpose--mitigating/reducing a social problem or a market failure--and to generate social value while operating with the financial discipline, innovation and determination of a private sector business". Virtue Ventures was founded in 2000 by Kim Alter to share ideas on social entrepreneurship and focus on social impact and value along with profit. Resources available on the site include an extensive "Social Enterprise Typology" for download, video interviews on the topic, and links to various online publications. Virtue Ventures offers a variety services to social enterprises as well as providing information on how enterprises can have a greater social impact.

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