Other languages of instruction: Catalan, Spanish,
By the end of the course, students should be able to:
- Understand the concepts of social economy, social entrepreneurship and social business
- Identify the actors of social entrepreneurship ecosystem
- Understand, identify and analyze a social need
- Understand the concept of social innovation
- Understanding the importance of social impact evaluation
- Identify the instruments to finance social projects
- Understand the differences in financial management of social businesses
- Understand, identify and analyze different social investment tools
- Identify the actors of social finance ecosystem, both at national and international level
- Understand the challenges or the sector
Topic 1. Social entrepreneurship and fundamental concepts of social economy and third social sector.
- Introduction to the concept of social entrepreneurship and its fit in the third social sector (NGO) and the social economy.
- The ecosystem of non-profit organizations and social entrepreneurship in Catalonia, Spain and Europe. The actors that are part of the ecosystem of social entrepreneurship in Catalonia, Spain and Europe.
- Gender equality in the Third Sector.
Case study 1: “The values in the Social and Solidarity Economy: The case of the cooperative Biciclot”.
Topic 2. Social business model: social needs and business opportunities
- The concept of social need. Social needs as a base for business opportunities. The analysis of needs and the generation of solutions.
- The generation of their own social business models. Working in groups, identifying a social need. Develop an idea of social business. Transform it into a social business model.
- Social Innovation. The concept. The good practices of social innovation around the world. Social innovation against social enterprises.
Case study 2: “Esclatec: research + development + innovation x inclusion”.
Topic 3. The social impact and the theory of change
- The measure of the social impact.
- Quantitative and qualitative measurement indicators.
- Measurement tools (SROI, IRIS ...).
- Theory of change.
Case study 3: “Social Forest: A company with a triple objective”.
Topic 4. Economic and legal framework of companies in the social economy
- Corporate legal forms for the creation of a social enterprise
- Elaboration of the economic-financial plan of a social project. Specific aspects of the cost analysis and the preparation of the budget.
- Analysis of the financial information of social enterprises (analysis techniques, use of management indicators, etc.)
Case study 5: “Magdas Hotel: from refugees to work in a multicultural environment”.
Topic 5. Introduction to social finance and financing tools
- Alternative financing instruments for social entrepreneurship projects.
- Public financing through subsidies, the role of banks, business angels and impact venture capital, and the negotiation process with investors, and the new social investment industry, such as crowdfunding, patronage and sponsorship.
Case study 4: “La Casa de Carlota: A company where diversity wins”.
Topic 6. Microcredits
- The concept of microcredit, statistics and evolution
- Main actors on the microcredit sector, both at international level and in Spain
- Social impact of microcredit
- Challenges or the microcredit sector
Topic 7. Crowdfunding
- The concept of crowdfunding, statistics and evolution
- Main actors of the crowdfunding sector
- Different types of crowdfunding: crowdlending, crowd equity, etc.
Topic 8. Risk capital and equity
- Tools of risk capital
- Main actors of the risk capital sector, both at international level and in Spain
- Evolution of the risk capital sector
- Challenges of social risk capital and equity investment
Topic 9. Alternative financing
- Tools of the alternative financing for social economy
- Main actors of the alternative financing
Topic 10. Challenges
- Challenges in social investment
- The tension between social impact and economic sustainability
- Social impact measurement. Social impact vs. Financial return
Evaluation systems and criteria
The evaluation of the achievement of the competences will be assessed taking into account the continuous work carried out by the student through the participation in the classes, the attendance at the conferences, and the preparation and presentation of study cases. Below we can find the different sections that will be evaluated and their weight in the final grade: - (50%) Final exam o It is necessary to obtain a minimum grade of 5 in the final exam in order to calculate the average grade with the continuous evaluation. - (30%) Preparation, delivery and oral presentation of case studies in groups: o Capacity to generate sustainable solutions to social needs. o Ability to identify and analyse business opportunities. o Flexibility and creativity in the application of acquired knowledge. o Writing communication skills. o Teamwork ability. o Oral communication skills. - (20%) Attendance to the sessions o Proactive attitude. o Ability to argue, reason and debate.