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Published in:
2021 | OriginalPaper | Chapter
Social Enterprises: Investment in a Sustainable Social Development with Added Value
Author : Markus Zeilinger
Published in: Theories of Change
Publisher: Springer International Publishing
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Abstract
When setting up the first Social Entrepreneurship Venture Capital Funds in Austria, the institutional investor fair-finance had to find a suitable vehicle for this new form of investment in social enterprises. A valid exit strategy via a social bond ensures the fund is suitable for long-term investors. The declared aim of this initiative, launched jointly with the SME & industry stakeholder group “Senat der Wirtschaft”, is to increase the number of social entrepreneurs and thus also the number of social business cases in Austria and Germany. Investors placing social impact above profit maximisation are to be given the opportunity to invest meaningfully in companies offering a solution for overcoming social challenges—and in return receive a socially sustainable yield.