Social business in Ukraine

In Ukraine the quantity of charities and public organizations is growing a few last years. These organizations do not bring money themselves, but attract them through donations or grants. However, they increasingly need self-financing.

Such organizations do not earn money themselves, but they attract money through donations or grants. However, even they increasingly have the need for self-financing.

Social entrepreneurship (SE) is a new business model that is a hybrid between non-profit organizations and classic business. The activity of such entrepreneurs is aimed at solving socio-economic and environmental problems. And the main difference between a joint venture and a regular business is that their first priority is social mission or value, and profits can be partly directed to social goals. At the same time, social entrepreneurship contributes to the development of society through the introduction of innovations, stimulates self-development and teaches helping itself and the environment.

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