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There are two strands to OBSEA. They are:
Social Entrepreneurship - Social entrepreneurship is about using proven business techniques and approaches to address social and environmental problems and where profit is used to help to solve the issues. This is aimed at individuals in the main who wish to work on their project and get it off the ground.
Social Innovation - Social innovation is about finding radical new ideas, practical solutions and relationships to effectively address social needs and problems. This element is aimed at small interdisciplinary teams who want to work together to develop an innovative project for social good.
We have two levels of Awards:
Try It Awards – support and up to £500 of funding
Do It Awards – support and up to £5,000 of funding
Each award is different and is tailored to the different stages in a changemaker's journey.
Try It Awards – offer small amounts of funding of up to £500, for individuals or small groups to try out their ideas. This might mean finding out if their idea is viable, learning more about what is needed and trying the project on a small scale first.
The Award provides an opportunity for individuals and small groups not yet used to managing large sums of money or planning larger projects to take the first steps towards starting their own project and gaining the skills needed to run it. The funding enables individuals to progress at their own pace with the right support to develop the entrepreneurial or critical thinking skills they will require to, in some cases, take on larger projects or to pursue a career in social enterprise.
Do It Awards – are for up to £5,000, with an average Award size of £3,000 allowing individuals or small groups to grow an entrepreneurial or innovative idea. Do It Awards are for individuals and small groups that are confident their project will work and have the basic skills to do it. Award Winners who have completed Try It Awards may now feel confident enough and have honed their ideas to be able to develop their project.
Other people may come straight in at this level as they demonstrate they have the energy and skills to take forward an idea that has some project planning already in place.
You can only receive the same level of Award, for the same project, once. However, you can apply for a higher level of Award, e.g. you can progress from a Try It Award to a Do It Award, showing that with the right support and funding you can move your project on. You can also apply for a second award of the same level for a different project.
Your Do It application does not have to be for the same project as a previous Award. You can apply with a different project as long as it meets the criteria of that Award.
Before you receive an Award payment you will be required to sign a terms and conditions document which sets out your responsibilities.
We expect you to use the Award for the purpose that it was made and behave responsibly. We will ask you to give us an update from time to time and sessions will be held to monitor your progress and give you advice.
We do ask that you help us to publicise this programme and events are held from time to time that we invite you to attend and participate in.
We require that you produce an impact report one year after you receive the award which records the progress of your project and what you personally learned from this process.