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News Archive for May, 2015

On Setbacks

Posted by on May 18, 2015

On SetbacksOvercoming setbacks

This week was one of the most exciting weeks of the year here in SEI. After going through all 182 applications to our Awards Programme we selected the top 50 applicants who we will be bringing through to Social Entrepreneurs Bootcamp.

There is something magical about this stage of the selection process. We only get to see a snapshot of the projects, but the energy jumps off the page. The passion is infectious and the potential of each of these social entrepreneurs to make a difference in Ireland is huge.

So we’re looking forward to meeting the top 50 at the end of the month.

Unfortunately, for every social entrepreneur that we are bringing to Bootcamp, we had to turn away nearly 3 others. And that’s really hard. It’s hard for us to have to turn away people who are doing genuinely amazing things around the country. And no matter how much we stress that what they are doing is incredible, it is hard for them not to take this decision as rejection.

And so for any of the unsuccessful applicants out there, I’d urge you not to take this as too much of a setback. While our support can be really helpful, there are other ways to build your project. This is a time to roll up your sleeves and hopefully prove us wrong. We don’t have the monopoly on good ideas, and you don’t need to be chosen by us to develop a great idea and have a big impact in Ireland.

And there will always be setbacks if you’re an entrepreneur. The key thing is how you overcome them. Many of our Award Winners in the past few years had applied to us a number of times before they were successful. They took the learnings from the application process (we strive to give every applicant feedback at each stage of the process) and they worked even harder to develop their projects, so the next year they were that bit stronger.

So to all of you who were unsuccessful this year…keep in touch with us, keep the passion alive and hopefully this time next year we’ll be seeing you again with an even better project, even greater impact and even more ambition.

In the meantime, good luck!

6 interesting SEI application trends in 2015

Posted by on May 7, 2015

6 interesting SEI application trends in 2015

We say this a lot but…this is our favourite time of year! It’s true. Application season is an exciting time for the Social Entrepreneurs Ireland team. It provides all of us with the opportunity to see for ourselves what’s happening at the grassroots level in communities around Ireland. As our 2015 applicants wait to hear if they have made it onto the shortlist for this year’s Social Entrepreneurs Bootcamp, we wanted to take the opportunity to analyse some of the interesting trends from this year’s application process.

       

1. Social entrepreneurship leads on equality

The social entrepreneurship sector continues to outperform its more traditional commercial sibling when it comes to gender balance in start-ups. 55% of applicants to this year’s Awards were female entrepreneurs – that’s around 20% higher than the numbers associated with Ireland’s for-profit start-up space.

       

2. This social entrepreneurship thing is catching on!

With 27 out of the 32 counties submitting applications in 2015, social entrepreneurship is no longer confined to urban areas like Dublin, Belfast and Cork. While the capital still accounts for a large chunk of applications, it’s now significantly outnumbered by the rest of the island. Places like Galway, Limerick and Northern Ireland continue to account for more and more submissions every year.

2015 Geographic Spread

      
      

3. The social enterprise identity crisis.

This year we asked applicants to tell us if they considered their project to be a social enterprise, a charity, or if they even knew yet! The results were surprisingly one sided. 75% of all applicants to this year’s programme identified their project as a social enterprise, compared with just 15% for charities. While 3 out of every 4 might consider themselves a social enterprise, only 55% of applicants state that revenue generation is their main source of income, meaning that a lot of those social enterprises are still heavily reliant on fundraising.

      

4. Never do today what you can put off till the very last minute.

Despite having a 4 week window for submitting applications, the vast majority of the applications we received in 2015 were submitted in the last 48 hours. 82% of all applications were submitted in the last two days, with 74% coming in during the last 24 hours! If you’re struggling to understand what that looks like…

      Submission Rate Graph
     

5. No wonder these start-ups are hard to manage!

With the average age of the projects applying to our Awards Programme standing at just 2.8 years old – it’s no surprise they’re a lot of work! Have you tried reasoning with a 3 year old lately?

       

6. What’s good for communities is good for the economy.

Aside from the social impact generated by the projects in the communities they operate in, the start-ups that apply to our Awards Programme are also playing a crucial economic role themselves. The average turnover of an organisation applying to our 2015 Awards Programme was €135,385, and for that they typically employed 8 people in either full-time or part-time roles. However, they do still rely heavily on the generosity of others, with a typical project utilising around 35 volunteers on average as well.

        
       

While all of these numbers provide an interesting insight into the world of social entrepreneurship in Ireland, they don’t go nearly far enough in describing the true nature of the impact social entrepreneurs have on our society. We look forward to meeting some of these incredible individuals as our selection process progresses, and we can’t wait to introduce you to the ones that will become Social Entrepreneurs Ireland Awardees this October!

Until then, watch this space…

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