Fostering Social Business Through Venture Philanthropy

This paper explores the relationship between social business (SB) creation and venture philanthropy (VP). It defines VP as providing high-risk financial capital combined with technical and managerial expertise, aiming for both financial returns and social change. The study analyzes the characteristics, models, and mechanisms of the venture philanthropy industry, emphasizing that SBs vary in their pursuit of social innovation. It suggests that VP impacts SB growth capacity by influencing organizational and environmental factors.