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This post, on initial activities of SFIP’s collaboration with Story of Place Institute on the IN Santa Fe (Impact Network Santa Fe) impact investing project, originally appeared on the Santa Fe Startup Weekend blog:

“Social entrepreneurs recognize social problems and use entrepreneurial principles to organize, create and manage a venture to achieve social change. To be one takes courage, a keen mind and a big heart. —It’s no easy gig.”   – Octavious Murphy

Have an idea for something that could really benefit the well being of our community—or the world? Bring it to Santa Fe Startup Weekend!

At this year’s Santa Fe Startup Weekend, participants will get an introduction to thinking more broadly about the kind of social impact their emerging businesses can have.

IN Santa Fe (Impact Network Santa Fe) is championing the idea of “place sourced, impact investing,” to all current entrepreneurs and potential investors. IN Santa Fe’s design combines doing financially well with doing social good. Through the growing network being formed by IN Santa Fe Directors David Breecker and Nicholas Mang, emerging social enterprises can be aligned with potential impact investors to leverage social, environmental, and economic benefits within the communities they thrive in.

What’s different this year?

In addition to basic business coaching that all Startup Weekend events provide, social enterprise coaches will also be made available at Santa Fe Startup Weekend this year to help interested entrepreneurs in developing their “social impact plan” as an integrated part of their overall business concept. When participants get together to explore the value of their potential startups, they will be evaluated for more than just the bottom line. Judges this year will also evaluate those that are looking at overall impact on the society or group in which the venture seeks to market its product or service.

Through this year’s social entrepreneurship experiment, participants will not only get free mentorship, they have a chance to be chosen as a member of the IN Santa Fe “Social Entrepreneur Challenge,” to further learn about building their enterprise with free working space, startup support and connection to a growing network of local impact investors.

So to all those entrepreneurs who want to make a big difference in your community:  bring your ideas to Startup Weekend and join experts in the art and science of the business of doing good. Register here!

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