This small-scale fund recognises the current funding environment and a desire from community organisations to find more sustainable means of funding.
An identified barrier for community organisations developing social enterprises is a lack of time or capacity to develop their concept. Our intent with this fund is to act as seed funding to get small-scale enterprise up and running.
Its release aligns with the Social Enterprise World Forum taking place in Christchurch in September 2017.
We will provide ‘Catalyst Grants’ for existing Rātā Foundation funded organisations, to help develop ‘more enterprising’ thinking and build on the skills needed. This funding support is considered outside an organisation’s business as usual funding
To be considered for a ‘catalyst grant’ organisations will need to demonstrate:
- Current funding from Rātā Foundation
- Willingness to diversify income streams
- Ability to demonstrate social outcomes
- Ability to demonstrate financial and business capability
- Willingness to work with a support organisation e.g. Akina, Community Mentors, Social Enterprise Institute, or Ministry of Awesome
- Market opportunity, which may include social procurement opportunities
Grants are likely to be in the range of $5,000 to $15,000.
Given the small scale of the fund, the specialised nature of projects, and recognition of enterprise carrying risk for organisations, this is not an open application process. Projects may be identified through existing networks, or you are welcome to discuss potential opportunities with Kate Sclater, Programme Manager.