Next Monday I will be back in D.C. to facilitate a discussion with the Corporation for National and Community Service at the Accelerating Social Entrepreneurship Conference. The session will focus on how the social innovation fund that was called for in the Serve America Act should be structured. While the funds have not yet been appropriated, it is great to see the Corporation actively seeking feedback and input. I have heard they will also be doing a listening tour around the country over the coming months to help them shape their plans for the Serve America Act, including this fund.
In the paper I wrote with the Aspen Institute, I proposed one possible approach: to draw from among the best practices of two existing models. The first is one that the federal Small Business Administration has used. It’s the Small Business Investment Company, which matches privately raised funds two to one with public funds to spur private-sector innovation. The other is venture philanthropy and social venture capital, which use the principles of venture capital to invest in and support nonprofit and for-profit social-entrepreneurial organizations, respectively.
What are your ideas? If you comment here by Monday I will bring them to the discussion…

