Fostering social business through venture philanthropy: the role of financing in the process of new social business creation

This paper examines how venture philanthropy fosters social business creation. It discusses venture philanthropy as a model that combines financial capital with managerial expertise, aiming for both financial returns and social impact. The authors suggest that social businesses vary in their approach to social innovation and change. The study identifies key organizational and environmental factors influencing social business success, positioning venture philanthropy as a critical component affecting the growth potential of new social enterprises.