SIFI Launch

 

Social Innovation Fund Ireland, a non-profit organisation catalysed by the Government in order to establish a fund of significant size and impact to aid the development of social innovation in Ireland, was officially launched yesterday by An Taoiseach, Enda Kenny T.D. in Dublin.
The organisation aims to provide growth capital and support to the best social innovations in Ireland and in doing so to enable those groups to maximise their impact.

In December 2015, Social Innovation Fund Ireland opened the inaugural Animate Programme, Ireland’s first ‘non-profit accelerator’. The Animate Programme supports early stage innovations, projects and organisations to get to the next stage of their development.
The award consists of a package of financial and non-financial supports that target growth.
A grant of up to €10,000 supplements the non-financial support, which includes: growth planning supports from a business consultant; a mentor; technical supports; and access to Social Innovation Fund Ireland’s networks.
Since launching, the programme has received over 55 high quality applications.

To mark this unique and forward thinking initiative, the Taoiseach presented the first winners of the Animate Awards to:
CarebrightReCreateSave a Selfie and Thriftify 

Speaking at the official launch, An Taoiseach, Enda Kenny T.D., said:  “Social innovation also has an important role to play in shaping the future of Ireland to be a country that is not only economically prosperous but that is a more inclusive and fairer society to live in. It is a vehicle for creating solutions for critical social issues… Through the growth and development of Social Innovation Fund Ireland there is a potential for transformative impact on critical social issues, such as unemployment, poverty and health which currently face Ireland. I wish to congratulate all the winners of the inaugural Animate Awards, the high standard and quality of entrants highlights the dedication and commitment the Irish people have for social innovation and funding.”

Deirdre Mortell, Social Innovation Fund Ireland CEO, concluded: “The Government’s challenge fund of €5 million to Social Innovation Fund Ireland means that for every Euro of funds donated, we can match it with a Euro from Government, enabling us to double the impact of our donations. These four projects illustrate the power and impact of philanthropy when it partners with Government, creating 80 jobs while meeting local social needs. Today we are calling out our intention to raise a Growth Fund. We are ready. Are you ready?”