The Name of the Project

Collaborate for Impact - Development of Social Entrepreneurship And Social Investments Towards Economic And Social Cohesion in the Eastern Partnership.

Project Description

The project aims to contribute to the development of a more favorable social entrepreneurship ecosystem in the EaP region. This will be done through raising awareness, promotion of social innovation and relevant exchanges with various policy and decision-making stakeholders that will ultimately lead to increasing the number of social investors, social entrepreneurs, and collaboration across the region. As a result, the project activities will support social enterprises to scale up their social impact.

The development of social entrepreneurship in Georgia will be promoted using Venture Philanthropy and Impact Investing approaches.

Project Goal

To contribute to the development of a more favorable social entrepreneurship ecosystem in the EaP region.

Project Objectives 

There are planned to be achieved the following objectives in Georgia:

• To promote Venture Philanthropy and Social Impact Investment;
• To support development of social innovations.

Project Outcomes

• Legal environment for Venture Philanthropy and Social Impact Investments will be studied;
• Awareness of corporate sector on Venture Philanthropy and Social Impact Investments will be increased;
• Impact Investing practices will be piloted – an Impact Fund will be established which will support at least 5 active social enterprises. Selected social enterprises will receive long-term, tailored financial and technical support aiming at scaling up impact and improvement of financial sustainability.
• In frames of the Social Innovation component of the project at least 4 startup social enterprises will be established.

Project Duration

60 Month (September, 2020 - August, 2025)

Project Donor

European Commission's Directorate-General for Neighbourhood and Enlargement Negotiations (DG NEAR)

Project Budget 

EUR 505,000