Imagine a spectrum in which you have mainstream commercial businesses at one end and charities at the other: social enterprises sit between the two.
A social enterprise is a business that applies commercial strategies to maximize improvements in financial, social and environmental well-being—this may include maximizing social impact alongside profits for external shareholders.
This purpose, once agreed, is enshrined in a clause in the Articles of Association of the business where each of the Founders and the University has the power of veto over changing it.
There are many forms that a social enterprise can take and OUI can work together with you to find the best form which fits your project. Contact us to find out more.