EcoVolve

Evolutionizing Ecosystems for Social Enterprises in CEE Region

Project summary

Within the EcoVolve project (Full project name: EcoVolve: Evolutionizing Ecosystems for Social Enterprises in the CEE Region, Project number: 101188814) funded by the European Union the consortium partners are  IFUA Nonprofit Partner, SIMPACT, Erste Social Finance, Erste Group Bank and Impact Europe. Our goal is to develop innovative financial instruments and capacity-building programmes for Social Enterprises and Impact Startups – businesses that create positive social or environmental impact.

EcoVolve strives to address the needs of early-stage social finance markets in selected Central and Eastern European (CEE) countries: Austria, Croatia, Czechia, Hungary, Romania, Serbia, and Slovakia. We are working to build a more supportive ecosystem by addressing both the supply side (through the development of new impact-linked financing tools and the setup of an impact fund) and the demand side (through tailored capacity-building programmes for social enterprises).

New innovative financing structures tailored to the needs of young social finance markets, encompassing impact-linked financial instruments and provision through newly established impact fund (supply side) and related capacity-building services for social enterprises (SEs) (demand side) will be developed.

What will be the major outcomes of EcoVolve?

  • Impact-linked financing for social enterprises
  • A new impact fund structure
  • A practical, hands-on capacity-building programme rolled out across more countries in the region.

Deliverables

  • D1: Project Definition Plan (SEN)
  • D4: Communication strategy (PU)

Support & Partners

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the granting authority can be held responsible for them.