Live the Dream is New Zealand’s programme to develop young social entrepreneurs and their ventures. We’re currently in the process of evolving LTD from a 9-month intensive to a part-time 9-month programme.
KEY DATES FOR 2018
THREE LOCATIONS TO CHOOSE FROM
This summer, three 9-week programmes will run in parallel – Auckland, Wellington, and Christchurch. When you apply, let us know your preferred location.
What is social entrepreneurship and enterprise?
Social entrepreneurs are society’s change agents; pioneering innovations that benefit humanity. A social entrepreneur is someone who recognises a social problem and uses entrepreneurial principles to organise, create, and manage a venture that creates social change. Social entrepreneurs are to complex social and environmental problems what entrepreneurs are to traditional business.
An intrapreneur is an entrepreneur inside a larger organisation – often an employee within a company, who is assigned to work on a special idea or project, and they are instructed to develop the project like an entrepreneur would. Intrapreneurs often have the resources and capabilities of the firm at their disposal.
Social enterprises are ventures that use a business model to create social and environmental value. Social enterprises generate income through trading products or services, and the majority of any revenues are reinvested back in to their core mission.
A GROWING SECTOR
Internationally, the social entrepreneurship and enterprise movement is growing and young people are playing a critical role. Millennials are more likely than any generation before them to make purchasing and work decisions on the basis of ethics or social good – so the appetite for products and services that do good is increasingly rapidly. The social impact investment market is expected to reach $1 trillion dollars by 2020, and high performing social enterprises will be a key vehicle for that investment.
Social enterprise is starting to gain momentum in New Zealand, with the government recognising the growth of the sector internationally and announcing its first official position and support towards developing the sector in 2014. In 2015, two representatives from New Zealand – Guy Ryan of Inspiring Stories, and Alex Hannant of the Akina Foundation – attended the Social Enterprise World Forum (SEWF)) in Milan, and co-presented a successful bid for New Zealand to host the World Forum. The SEWF will be hosted in New Zealand in October 2017 in Christchurch, which is being led by the Akina Foundation with support from a range of partners.
WHY ARE WE DOING THIS?
- Our economic, environmental and social challenges are unprecedented.
- In New Zealand we have some fantastic structures set up to support high-growth commercial enterprise, but big gaps in supporting entrepreneurship for social and environmental impact.
- There is a time in a person’s life, especially when we’re under 30, when our ability to take risk is significant: we don’t have a family or a mortgage, but we do have big ambition, optimism, and drive.
- Every summer young people have time on their hands and Universities have space, which makes it the perfect environment for an accelerator.
- Social entrepreneurship and enterprise are proven and powerful ways to deliver transformational change in response to entrenched social and environmental problems.