Slide 1 The Young Foundation 2011

The Young Foundation

Anna Smee

Director of Ventures

The Young Foundation

The Young Foundation brings together insight, innovation and entrepreneurship to meet social needs.

We develop and support new ideas turning them into sustainable organisations.

Slide 3 The Young Foundation 2011

Policy maker shaped UK welfare state

Sociologist and writer - coined term ‘meritocracy’, pioneer of thinking about ageing & family

Social entrepreneur – initiator of over 60 organisations and ‘probably the world’s most successful entrepreneur of social enterprises’ Prof. Daniel Bell

''Few people have made such a contribution to our society in so many different areas,'' Prime Minister Tony Blair said in tribute. ''He was that rare combination -- not just a great thinker but a great doer.'‘ New York Times, January 2002

Michael Young (1915 – 2002)

Slide 4 The Young Foundation 2011

Today the Young Foundation works across the UK (and beyond) to effect social change• Independent non-profit organisation without an

endowment

• Bringing together insight, innovation and entrepreneurship to address social needs

• Based in the UK with a truly international perspective. We have outposts in the US, France and Australia, as well as projects in Africa and Asia.

• Three core complimentary focus areasResearch (Director - Will Norman)Advisory (Director - Nicola Bacon)Ventures (Director – Anna Smee)

“Westminster's institutes, centres and networks spend so much time in greater Whitehall that their wonkish plans interest few outside its borders. The Young Foundation, however, is set apart – both intellectually and geographically. Housed deep in the East End, in wonderful buildings shared with community organisations, it embodies the twin passions of the man who inspired it – researching social ills, and then doing something about them.”

The Guardian Editorial 2009

The Young Foundation

http://www.socialinnovationexchange.org/

• Earned income model sustaining the programme • Increases Young Foundation reach through local partners

• Brings ideas and partners together securing income and feeds pipeline for both organisations

Social Entrepreneur in Residence (SEiR) model,

embedding The Young Foundation in local partner organisations:

Slide 8 The Young Foundation 2011

Our SEiR Partnership

• Accelerate the adoption and diffusion of scalable and sustainable innovative social ventures

• Our focus is the field of health & social care:

- Homelessness- Older People- Learning Disability and - Mental Health

• Geography covers both West and East midlands

Slide 9 The Young Foundation 2011

The Process BREAKFAST ROUNDTABLE: Exploring enablers and barriers to social innovation in housing and

health (20 attendees)

PARTNERSHIP LAUNCH EVENT: Diffusion & Adoption of Innovation in Health & Social Care (80+ attendees)

SOCIAL INNOVATION LONGLIST: (75+ ideas)

New ideas that meet unmet needs

SOCIAL INNOVATION SHORTLIST: (15-20 ideas)

MH & YF SELECT 4

IDEAS

Our joint criteria: Credible partnerships demonstrating social impact; innovation; sustainability and scalability

Slide 10 The Young Foundation 2011

Selection of Ventures/ Partnerships 1. 15-20 potential

partnerships presented to MH/ YF of which 4 will be selected for in-depth support over a 18+ month period

Covering:• Homelessness• Learning

Disabilities• Mental Health• Older People

End to end innovation

•Invite application and scouting•Idea generation / ideation methods

•Prototyping workshops•Research and catalysing exercises

•Reports, modelling and analysis•In depth knowledge of social needs (user / community engagement)

•Service design•Pre-investment supportConcept

Design

•Venture support to sustainability•Stage-gated investment•Fundraising and commissioning support

•Financial modelling•Metrics and impact measurement•Return on Investment (ROI) reporting

•Partnership building •Access to pro-bono support (e.g Legal)

Venturing •Sustainable ventures with replicable / scalable model

•Key Operational team in place

•Earned income(order book) eg at least one major commission

•Follow-on investment from third parties (where needed)

•Relationship support with other SVI or customer baseMainstream

ventures

The Young Foundation supports social ventures from concept development to mainstreaming.

Methods

Slide 13 The Young Foundation 2011

Contact Details

Eleanor CappellSocial Entrepreneur in Residence (SEiR) at Midland HeartE: eleanor.cappell@youngfoundation.orgT: 0845 850 1020 ext. 6248M: 07956 317 236