FAQ

What are the Social Enterprise Awards?

The Social Enterprise Awards are the only national awards for Australian social enterprise.

The aim of the Awards is to increase awareness of the role and diversity of social enterprises in Australia by creating a long term, high profile event.

The Awards are run by Social Traders and will be awarded annually. The inaugural awards were presented on 28 May 2013.

The 2014 Awards applications open on Tuesday 11 February until Friday 28 March.

 

 

 

What social enterprise activity do the Awards cover?

In 2014 6  awards will be presented:

  1. Australian Social Enterprise of the Year – Small employing less than 25 people effective full time (EFT)
  2. Australian Social Enterprise of the Year – Large employing 25 or more people effective full time (EFT)
  3. One to Watch Award
  4. Social Investment Award
  5. Social Enterprise Innovation Award
  6. ‘Buy Social’ Award

See Question 4 for awards criteria.

How is social enterprise defined?

For the Social Enterprises Awards categories you must meet the following criteria to be eligible for the award:
• Be led by an economic, social, cultural, or environmental mission consistent with a public or community benefit
• Trade* to fulfil your mission
• Reinvest the over 50% of your profit/surplus in the fulfilment of your mission
• Be incorporated and/or trading in Australia; and
• Derive a substantial* portion of your income from trade

*50% or more for ventures that are more than five years from start-up or
25% or more for ventures that are less than five years from start-up.

*Trade includes revenue from: membership, sponsorship, sales of products and services and income from competitively awarded contracts from government.

Trade does not include: Grants, donations or loans.

If you are in doubt about whether your government funds constitute trade look at the GST component. If the contract does not include GST it is likely to be a grant.

What are the Award categories and criteria for 2014?

Each category is targeted at social enterprises in different stages of their business cycle. Please see eligibility for each award below:

Australian Social Enterprise of the Year Small – employing less than 25 people effective full time (EFT)

  • Excellent vision and strategic direction
  • Strong leadership, management and governance of the organisation
  • A demonstrable impact that is well articulated and measured
  • A sustainable and proven business model
  • Good awareness of the organisation and its mission
  • Contribution to the development of the sector beyond their own organisation
  • Applicants will be required to provide three years of audited financial accounts for the Social Enterprise if they are shortlisted

Australian Social Enterprise of the Year Large – employing 25 or more people effective full time (EFT)

  • Excellent vision and strategic direction
  • Strong leadership, management and governance of the organisation
  • A demonstrable impact that is well articulated and measured
  • A sustainable and proven business model
  • Good awareness of the organisation and its mission
  • Contribution to the development of the sector beyond their own organisation
  • Applicants will be required to provide three years of audited financial accounts for the Social Enterprise if they are shortlisted

One to Watch Award - A social enterprise that has been operating less than 3 years that articulate their future vision and how they are going to achieve it showing growth in their model.

  • A clear vision for the social enterprise
  • A creative approach to problem-solving
  • Illustrate a clear market for your product or service.
  • Excellence in impact, design or growth since inception
  • Clear roadmap to a sustainable business model
  • Strong leadership, management and governance of the organisation
  • Potential for future success
  • Applicants will be required to provide three years of financial data ( projections/ accounts)  for the Social Enterprise if they are shortlisted

Social Investment Award

This is the award to enter if you have been part of a great investment (open to investor or investee) that has helped a social enterprise to start or grow. Examples of the investment might include; equity raising, crowdsourcing, debt and philanthropic funds or a mix of investment types.

  • Explain the investment from both investor and investee perspective
  • Describe the innovation in the investment that has allowed something to happen that couldn’t have been done otherwise.
  • Show how well the investment terms aligned with the business model and mission of the enterprise.
  • Articulate the existing / potential impact for the community, social enterprise or sector
  • Describe and explain the risk element of the investment
  • Evidence of, or clear potential for, investor return both social and financial.
  • Applicants will be required to provide three years of financial data ( projections/ accounts)  for the social enterprise if they are shortlisted

Social Enterprise Innovation Award - This social enterprise has been operating for at least one year. The enterprise shows ‘innovation’ that is a new and improved model or service not just a novel one.

  • A significant innovation in achieving its mission.  Examples of significant innovations may include: product or service offering, business model or partnership creation.
  • Clear vision and strategic direction for the social enterprise
  • A demonstrable impact that is well measured and articulated
  • Strong leadership, management and governance of the organisation
  • Highly successful or potential for future success, in the judges’ view
  • Applicants will be required to provide three years of financial data ( projections/ accounts)  for the Social Enterprise if they are shortlisted

‘Buy Social’ Award

Any social enterprise, public sector body or private sector organisation that has demonstrably made efforts within its own organisation and remit to create more opportunities to buy from social enterprises.

This could be a local authority implementing a council-wide social procurement policy, a company changing its procurement processes, or a not for profit seeking to support Social Enterprises through buying social.

  • Must be able to demonstrate purchase or procurement from a social enterprise
  • Able to articulate the steps taken to improve the buying environment for social enterprises
  • Explain their key aims and objectives in trying to ‘buy social’ in their work
  • Explain the technical and cultural challenges that had to be overcome and how they did that. Articulate any progress on spend / impact to date
  • Explain the benefits to your organisation through buying Social.

How can businesses enter the Awards?

All applications must be submitted online via the application portal.

Applications will be open from Tuesday 11 February to 28 March.

Applicants will be required to address different criteria depending on their category. The following is an outline of the criteria:

  • Tell us your story – (800 words maximum or 3 minute video or 4 PowerPoint Slides)
  • Explain why your enterprise should win the award?
  • Provide limited financials for your Social Enterprise including; Trading Income, Non trading income, Total Income, Profit/surplus & Profit/surplus reinvested in the mission.

 

When will the 2014 Awards be open for entries?

Applications will be open on Tuesday 11 February 2014.

If you would like to apply in 2014 please sign up to our mailing list so we can let you know our timeline for next year.

When will they close?

Friday 28 March 2014.

How are the Awards decided?

There will be two rounds of judging for the Awards.

Finalists will be announced late April.

Judges will meet in May to decided the winners.

All judging will be based on the award category criteria.

The Awards ceremony will be held in Melbourne in  June 2014.

When will the Awards be presented?

The Awards will be presented at a ceremony in Melbourne in June 2014.

What do we receive if we win an Award? Will there be a prize?

The prizes for the 2014 Social Enterprise Awards are as follows:
Social Enterprise of the Year – small
$5000
Social Enterprise of the Year – large
$5000
‘One-to-Watch’ Award
$5000
Social Investment Award
Flights, accommodation and ticket for an international conference for one person
(Conference to be determined. 2013 winners received a ticket to the Skoll World Forum in Oxford, England)
Note: While there will be two trophies given for this award, one for the investor and one for the investee, only the investee will receive the prize.
Social Enterprise Innovation Award
Flights, accommodation and ticket for an international conference for one person
(Conference to be determined. 2013 winners received a ticket to the Skoll World Forum in Oxford, England)
‘Buy Social’ Award
The honour and recognition of this great Award

What documentation is required for the Award application?

We are simplifying the award application in 2014 and you will need to:

  • Tell us your story – (800 words maximum or 3 minute video or 4 PowerPoint Slides)
  • Explain why your enterprise should win the award?
  • Provide limited financials for your Social Enterprise including; Trading Income, Non trading income, Total Income, Profit/surplus & Profit/surplus reinvested in the mission.

The application process will differ slightly for each category and we estimate you will need to write 1,500 words in total.

 

Is there any cost for entering the Awards?

No, entry to the Awards is free.

Can we apply for more than one category?

Yes, you can apply for as many categories as you are eligible for. Use the same Account for all applications and submit each application as a new assessment.

What if my organisation is short listed and needs to travel to Melbourne?

The SE Awards will provide limited funding assistance to ensure short listed organisations from interstate are able to attend the Awards events.

Can my organisation be an Award sponsor?

There are still sponsorship opportunities available for the Awards. Benefits of being an award sponsor range from placement across Awards communications to being able to present an Award to the winning enterprise on presentation night.

For more information please contact mark dot daniels [at] socialtraders dot com dot au

Who are Social Traders?

Social Traders is a specialist social enterprise development organisation established in 2008. Based in Melbourne, Social Traders aims to support the growth of social enterprise in Australia.

Their work involves increasing knowledge of social enterprise, building the trading capability and investment readiness of start-up and early stage enterprises along with growing the market for social enterprise products and services.

Social Traders runs social enterprise tours and workshops, conducts capacity building programs and offers a range of tailored tools and resources.

key dates

  • Shortlist announced at the end of April
  • June 12 - Master-class and Awards presentation night

connect with us

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