Developing Social Enterprise in Taiwan Prof. Joyce Yen Feng President Taiwan NPO Self-Regulation Alliance 2017/03/23 at Hong Kong
Social Enterprise Ecology Schools & Social Universities Enterprise Practitioners Metrics & Measurement Government Law & Policies Investment Consumer Capital Awareness & Support 2 Source: Jim Schorr's speech in the 2014 SEWF, Seoul.
Social Enterprise in Taiwan Social enterprise Incubators ex: 2014 Social Social and Schools Enterprise ex: SE Hub, enterprise Action Plan, I-Lab, Self universities Executive Yuan Social Regulation enterprise Angel Funds Consumers ex: SERT ex: SE Enlistment The amendment to 2015-on going The Company Act, (in discussion ) Ecosystem 3
Government Policy 2014 Social Enterprise Action Plan, R.O.C. Vision Create an ecosystem that nurtures innovation, start-ups, growth, and developments for social enterprise. Core Framework Goals Providing a friendly environment for social enterprises. ■ Networking social enterprises. ■ Improving the business model for social enterprises. ■ Strategies To create a reasonable legal environment for social enterprises. Deregulation To promote cross-sectional collaborations, and global Networking connections as well. To provide multiple fundings through angels, VCs, and credit Financing guarantee, etc. Incubation To build supporting system for social enterprises’ developments. 4
Process of Social Enterprise Enlistment TWNPOSA assists SEs to accomplish: ✖ Enlistment information ✖ Annual report Through on-site visits, impact TWNPOSA conducts on-site assessments, TWNPOSA assists visits, for SEs’ : advanced SEs to produce annual ✖ Background and motivation report with a focus on social impacts. ✖ Targeted social problem Not only the report shows the self- ✖ Social mission Recommended regulating spirit and transparency of a ✖ Business model SE, but also serves as a media for SE by MOEA ✖ Social impact to communicate with their ✖ Capacity and needs stakeholders. Individual application Online On-Site Committee Capacity Success Application Visit review Building Recommended by local Up to 2016, The consultant committee governments ✖ 70 small-scale SEs is consisted of ✖ 30 advanced SEs ✖ Scholars Recommended (with annual ✖ Entrepreneurs by other reports) ✖ NPO professionals ✖ 40 Ministry Ministries who are related to the endorsed development of social enlisted on the enterprise in Taiwan. platform. 5
Enlisted Social Enterprises in Taiwan 2016 (1/2) Categories These enlisted SEs could be grouped into 8 categories based on their targeted social problems ： 6
Enlisted Social Enterprises in Taiwan 2016 (2/2) Estimated Annual Employment Turnover (USD) 1USD ≒ 30TWD 7
Social Enterpise Enlistment Platform Annual Report 9
Social Enterprise Revolving Trust, 社會福祉及社會企業公益信託循環基金 Mission Social Enterprise Revolving Trust, SERT, was established by private sector to provide financial support in the form of investment to social enterprises in Taiwan. SERT focuses on social enterprises in different areas, and provides necessary assistance such as consulting or networking with an aim of inspiring innovation and collaboration. SERT expects to see investee social enterprises make great profit then contribute back to SERT, and share the experiences with other SEs, so that it becomes a sustainable cycle for social enterprise ecosystem. Focus SERT focuses on SE in agricultural innovation, employment, community development/culture reservation, fair trade, environment protection, health care, education, technology innovation, green energy and inter-generationals. The trustor, Christina Sung, former chairwoman of the Taipei Financial Center Corp, which owns Taipei 101, has devoted to the development of social enterprise and to share her own experiences on entrepreneurship with social entrepreneurs. Done deals by Dec 2016 1. 2. more in progress … 10
Governments Sponsored Program forSocial Entrepreneurs (1/2) Social Enterprise Hub Youth Start-up Hub ✖ The site of the premier’s official one-stop integrated services to residence formerly has become one of assist young entrepreneurs: the most important hub and co- ✖ one to one consultation working space for social entrepreneurs. services ✖ SE Hub hosts lectures for all kinds of ✖ startup guidance topics, such as: ✖ related workshops, lectures and activities enterprise management • information management • public relation • marketing strategy • business development • 11
Governments Sponsored Program forSocial Entrepreneurs (2/2) Social Enterprise Incubators In Taiwan, there are about 130 incubators in total and some of them focus on Social Enterprise. e.g.Innovation Incubation Center, Chang Jung Christian University( 長榮大學 ). ✖ Social Enterprise Ark promotes social innovation among social entrepreneurs. 12
NGO-Initiated Program for SocialEntrepreneurs Social Enterprise Insights ✖ The first Mandarin language social enterprise platform in Taiwan, which inspires, connects and supports social innovation and social enterprises in the Greater China Region. ✖ iLab is the first SE incubation program in Taiwan aiming at discovering and cultivating future changemakers. Epoch Foundation ✖ Garage+ aims to foster regional collaborations and build synergy through providing entrepreneurs with innovative technologies, capital and knowledge management skills. ✖ Garage+ provides the services of fund, mentor, international support, campus, recruiting and training.
University Offered Programs for Students (1/2) POSTGRADUATE EDUCAtION School Program about Social Enterprise Some universities provide programs in social enterprise, e.g. ✖ Master Program in Social Enterprise, Fu Jen Catholic University( 輔仁大學 ) ✖ Master Program of Social Enterprise Management, Chinese Culture University( 中國文化大學 ) ✖ Master Program of Non-Profit and Social Enterprise, Shih Hsin University( 世新大學 ) ✖ Social Enterprise Innovation and Entrepreneurship program, Sun Yet-San University( 中山大學 ) 14
University Offered Programs for Students (2/2) Undergraduate education There are also programs with the The three primary objectives of D-School are: ideas of social enterprise within Establish an interdisciplinary learning • social innovation, e.g. environment Emphasize a hands-on approach ✖ Innovation and Entrepreneurship • Solve problems • Program, National Tsing Hua University( 清華大學 ) ✖ Program in Social Innovation Leadership, National Cheng-Chi University( 政治大學 ) ✖ Creativity and Entrepreneurship Program, National Taiwan University( 臺灣大學 ) ✖ D-School (The Stanley Wang D- School @ NTU 臺灣大學 ) Source:D-School@NTU 15
The Draft Amendments of The Company Act To react to the challenges arising from the transformation of industries, the emergence of micro e-commerce businesses, the increasing importance of stakeholders, aging society ,and environmental sustainability, amendments to the Company Act are considered to be necessary. A ‘Steering Committee of Company Act Reform’ ( 公司法全盤修正修法委員 會 ) was set up in February 2016 by a few devoted scholars with more than 70 participants from different fields. Draft amendments include: ✖ Widen application of ‘Closely - Held Company Limited by Shares’ ✖ Loosen capital control ✖ Strengthen corporate governance: with more than half of total number of directors, a board meeting can be called. ✖ Protect shareholders’ rights: with shareholders holding more than 50% of shares, a general meeting can be called. ✖ In response to the digital generation: videoconferencing counts ✖ Attract foreign investment: no more certificates of recognition nor branch office registration ✖ And more... 16
Proposed Amendments to The Company Act regarding SE A new chapter Adding social values Article 1 Profit with Purpose Business The term "company" as used in this Act ✖ Social purpose written in the denotes a corporate juristic person constituent documents of the business. organized and incorporated in accordance ✖ The duties of the directors and officers with this Act [for the purpose of profit must include furthering the social making.] impact purpose of the business and Article 23 require them to have regard for … [If the responsible person of a company stakeholder interests affected by the has, in the course of conducting the business. business operations, violated any provision ✖ Minimum transparency: a report of the of the applicable laws and/or regulations impact performance using a qualifying and thus caused damage to any other independent standard. person, he/she shall be liable, jointly and severally, for the damage to such other person.] With a new chapter of ‘Profit with Purpose Business’, it helps Profit making shouldn’t be the investors and consumers more only purpose of a company, while easily to identify a company with the interests of stakeholders social impacts. shall be taken into consideration. 17
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