Social Entrepreneurship, as discussed in October 16’s class, is a social venture to tackle some sort of a social problem by using entrepreneurial concepts. A social entrepreneur is ambitious, mission driven, strategic, resourceful, and results oriented.

This article discusses the initiative program called RBS Inspiring Enterprise, this fund supports youth, women, and social entrepreneurs. There is a 1.5million euro funding pot that will mostly be distributed equally within 100,000 people aged thirteen to thirty. In my opinion, this is a bad idea, I believe that social entrepreneurs should take initiatives, rather than being given support packages. Social Entrepreneurs should start from nothing in order to fully understand social hardships that the world faces. This funding may give opportunities to young people who isn’t serious about being a social entrepreneur, but rather just doing it for the money. I believe that this 1.5million pot should go to fewer individuals or small enterprises that have proven to be a successful in being social entrepreneurs.

http://www.socialenterpriselive.com/section/news/money/20121016/%C2%A315m-the-bank-social-enterprises-inspire-young-entrepreneurs