Edmonton's Social Enterprise Fund

social enterprise fund Recently, a new organization here in Edmonton caught my eye: the Social Enterprise Fund (SEF). Today I met with Omar Yaqub, the organization’s Director of Operations, to find out more about it.

Eight years in the making, the Social Enterprise Fund recently got off the ground in February. A joint initiative of the Edmonton Community Foundation, the City of Edmonton, and the United Way of Alberta, SEF aims to become an $11 million fund with $21 million in loans in the next five years.

What’s a social enterprise? SEF defines it as “a hybrid that combines social intent & the for-profit business model.” Just as a traditional enterprise is concerned with return on investment (ROI), the social enterprise is concerned with social return on investment (SROI). What’s the difference? SROI aims to capture the social and environmental benefits of projects, whereas ROI typically does not. You can learn more about social enterprises at Wikipedia.

There are three main criteria that potential SEF clients must meet:

  • Social comes first.
  • Business thinking is integral.
  • Profits are reinvested into the mission.

SEF will sit down and talk with potential clients to ensure they meet these criteria. In fact, there are no application forms or deadlines – SEF takes a much more intimate approach, working with clients directly.

They key thing SEF can provide is a loan. The goal is to help non-profit organizations move away from grants. Examples of financial packages include:

  • Housing or mission related: up to $500,000, 1 year term
  • Building purchases: up to $250,000, 10 year term
  • Existing social enterprises: up to $150,000, 5 year term
  • New social enterprises: up to $50,000, 8 year term

While the terms can be very flexible, the loans are not forgivable. In addition to loans, SEF offers business expertise, educational seminars, and more. Organizations that SEF has worked with already include Flavour Budzzz and E4C’s Kids in the Hall Bistro. Other examples of social enterprises include Habitat for Humanity’s ReStores, and Earth Water.

The Social Enterprise Fund is the first of its kind in Alberta, though the concept is actually quite common in other parts of the world. In fact, there’s even a Social Enterprise Alliance. Next April they’ll host the tenth annual Social Enterprise Summit in New Orleans. We’re clearly a bit behind here in Alberta, but I’m really glad to see something like this launch in Edmonton. It’s a great program for our community.

You can learn more about the Social Enterprise Fund at their website, which includes a 14 minute video overview of the program. If you have an idea for a social enterprise, make sure you call or email them!

UPDATE: Turns out SEF isn’t really the first of its kind in Alberta. Just found Social Venture Partners Calgary via Sharon. It started in November 2000. Their model seems to have a greater focus on philanthropy.

UPDATE2: Also via Sharon, there’s a free workshop on SROI taking place on June 26th at MacEwan. Download the information sheet (PDF) here. You’ll need to RSVP if you want to attend.

Why July 2008 will be the greatest month ever

Is there any doubt that July is going to be the greatest month ever?

July 2008 will be the greatest month ever!

July 1: A brand new, 6000-square-foot Apple Store opens in West Edmonton Mall.
July 11: The iPhone 3G goes on sale in 22 countries, including Canada.
July 18: The movie I am most looking forward to this year is released: The Dark Knight

Oh yeah. July FTW!

The power cable is holding us back

power I spent some time over the weekend chatting with my friend Eric Warnke, who owns and operates the Third on Whyte Internet cafe here in Edmonton. We talked about a bunch of things, but mostly about wireless mesh networks. I’ve been writing about “wireless everywhere” for over five years now (since Imagine Cup 2003 to be exact), and Eric is one of those guys who is actually making it happen.

Eric has been experimenting with both the Meraki and Open Mesh technologies recently. There are others available as well, and we briefly brainstormed about creating our own little devices. The technology for extending 802.11g wireless is actually surprisingly simple and mature. And on the horizon of course, is WiMax and a host of other emerging technologies.

The problem with all of them, is power.

Even if the hardware becomes extremely energy efficient, each part still requires at least a little bit of power. The obvious solution for a mesh network with nodes located outdoors is to use solar panels, except that Edmonton’s climate is very unfriendly to such an idea (and don’t forget that solar panels are still relatively inefficient). That leaves us with either batteries or a power cable.

The main problem with batteries at the moment is that they need to be quite large if you want them to last for any reasonable about of time. Think of a laptop battery or the battery for an electric drill – each is about four times the size of the wireless components, and probably ten times the weight. Then there’s the problem of replacing the batteries when they die, or changing them when they need recharging.

So we’re stuck with the power cable. Despite all the technological progress we’ve made over the last 100 years, we’re still tethered by the power cable.

The first two chapters of Nicholas Carr’s book The Big Switch provide an extremely engaging history of Henry Burden, Thomas Edison, Samuel Insull, and the other individuals who were instrumental in making electricity the utility it is today. I like this part in particular:

Unlike lesser inventors, Edison didn’t just create individual products; he created entire systems. He first imagined the whole, then he built the necessary pieces, making sure they all fit together seamlessly.

Of course, Edison’s DC system eventually lost out to the superior AC. Still, I can’t help but think that we desperately need a modern day Edison. Just as Edison re-imagined urban gaslight systems, we need someone to re-imagine the modern electrical system.

Is wireless energy transfer the answer? I’m not sure. Maybe it’s better to start with a question – how can we eliminate the need for contact? Or at least make that contact less restrictive? For instance, instead of connecting a wireless node to a cable inside a lamppost, why can’t I just stick the node on the lamppost itself? That would be a good first step.

We need “power everywhere” before we’ll ever get to “wireless everywhere”. Unfortunately, batteries, solar panels, and other technologies aren’t getting us any closer to that reality at the moment. Surely there must be something else then?

Edmonton International Airport launches new brand

eia - we'll move you The Edmonton International Airport’s (EIA) new “we’ll move you” brand actually launched earlier this month on May 8th, but I didn’t see a commercial for it until this week. I haven’t had to fly anywhere either, so I’m not sure if the new brand is prominently displayed at the airport itself or not.

The new brand is meant to bring awareness to the fact that EIA is growing:

The new brand and airport expansion program reflect EIA’s shift from a small, regional airport to a medium-sized international airport serving Northwestern Canada. EIA is Canada’s fastest-growing major airport for two years in a row and now serves over six million passengers annually, a nearly 50 per cent increase in just three years.

The “we’ll move you” philosophy also underpins the $1.1-billion expansion program and current initiatives to incorporate industry-leading technologies, including common-use, self-serve check-in kiosks, Pay & Go parking stations, the expedited customs clearance program NEXUS and a host of others.

The expansion is expected to be completely by 2012 and should enable EIA to service nine million passengers annually. A key aspect to the expansion is a brand new control tower. Our airport is finally getting some food outlets too, including another Tim Horton’s and two Starbucks.

In addition to the branding, they’ve got a new URL: http://www.flyeia.com. It simply redirects to http://www.edmontonairports.com. Reminds me of Edmonton Transit’s http://www.takeets.com address, which I find far easier to remember than anything else.

I like the new logo and colors. Fresh and bright, the new design definitely makes EIA feel more modern than the old navy blue and red.

You can learn more about the changes happening at EIA here.

Recap: DemoCampEdmonton2

Tonight was Edmonton’s second DemoCamp – an opportunity for local startups and entrepreneurs to show the community what they’ve been working on. The venue and overall vibe of the event tonight was a bit different than the first DemoCamp, but I think it’s safe to say that DemoCampEdmonton2 was a success.

Again, we had six demos:

  1. Boris Djordjevic from Frontier Solutions
  2. Jack Newton from Clio
  3. Bruce Johnson and Scott Montgomerie from Zigtag
  4. Scott Winder from Boreal Systems
  5. Toby Spendiff from nForm
  6. Patrick Lor showed us a.viary.com

Frontier makes a product called SiteGears that helps companies bring products to market by integrating with businesses at all levels of the product lifecycle. Clio is a practice management service targeted at small law firms. Zigtag is in the social bookmarking space, and see themselves as the “future of search” in the long-run. Boreal Systems make an operations management application for companies in the energy industry. nForm makes a SharePoint add-on called Midori that helps small teams manage projects. And last but not least, a.viary is bringing the power of Photoshop to the web.

DemoCampEdmonton2

My “demo of the night” goes to Clio, with honorable mentions to both Boreal Systems and nForm. Clio’s app is very slick looking, and you can tell they’ve done their homework. They’re focusing on lawyers right now (Jack said that roughly half of the 1.2 million law firms in North America need something like Clio) but it’s easy to see how the app could be applied to other types of practices (like accounting). What I liked about Boreal was that although their app didn’t feel very modern at all, they had good reasons for doing everything they did (such as keeping the concept of a whiteboard schedule). And finally, nForm actually changed data live. They showed Midori actually working…that rocked!

Here’s more on DemoCampEdmonton2 and the participating companies:

  • My initial headcount was 61, but I suspect the final number was closer to 75 as people continued to trickle in all evening long.
  • Two demos used Windows XP, two used Windows Vista, and two used Mac OS X.
  • Clio, Zigtag, and a.viary are all hosted/SaaS solutions. Boreal Systems and Midori are both traditional host-it-yourself solutions. SiteGears is a combination of both.
  • SiteGears is primarily Java, Clio is Ruby on Rails, Zigtag is primarily Java, Boreal is almost finished migrating from PHP to Ruby, Midori is ASP.NET, and a.viary is Flash and Flex.
  • Again, we had a very diverse crowd. John Bristowe and Patrick Lor made it up from Calgary. James Matsuba, who won the Student Business Plan competition at this year’s VenturePrize, was in the crowd. Investors included Spencer Ord and Ken Gordon. Was great to see lots of new and familiar faces alike!

As I mentioned, the vibe was a bit different than the first DemoCamp which was held at the U of A. Choosing a bar as the venue makes for a more comfortable evening (with food and drinks) but it was a little harder to hear the presenters and questions. Another downside was the lack of free wifi, which kept me from liveblogging the event on Twitter.

One of the highlights of the evening was when Patrick Lor got up to present. Cam shared with everyone that Patrick was the driving force behind DemoCamp in both Calgary and Edmonton, so it was good for him to receive a round of applause as thanks from the Edmonton crowd.

Speaking of Calgary, Patrick mentioned that BarCampCalgary is happening on June 14th, so mark your calendars!

Thanks to everyone who came out tonight – see you at DemoCampEdmonton3! You can see some more photos of the event here. This post also appears at Techvibes.

UPDATE: For a more descriptive recap of the demos, check out Eric’s post.

Apocalypse Gaming Lounge in Edmonton

While walking to the City Market downtown today, Sharon and I happened upon Apocalypse Gaming Lounge, located on 107th street at 102nd avenue. The mirrored windows make it impossible to miss. Apocalypse opened on April 8th, after some construction and setup delays (according to their website). We decided to check it out.

Gaming machines

Apocalypse has thirty kick-ass looking computers for gaming, as well as a dedicated Xbox 360 Rock Band stage with two overhead flat screen televisions. They’ve also got a couple retro coin-op arcade machines. The decor is reminiscent of a restaurant like Moxie’s, with hardwood floors, black leather couches and exposed brick walls. You can see the full list of available games on their website.

They are open Sunday through Thursday from 10am to midnight, and Friday and Saturday from 10am to 2am. Rates are $6.50 per hour ($30 per day) for non-members, and $4.50 per hour if you decide to pay the $40 per year membership fee. There were no gamers in the lounge early this afternoon, but I suspect their clientele are more night owls than early risers. Here are some photos I took of Apocalypse.

Internet cafes are nothing new of course (a great one in Edmonton is 3rd on Whyte), but I haven’t seen many gaming lounges. I wonder if this is part of a growing trend? Are gaming lounges sprouting up in other cities? I think the concept is great, especially with games like Rock Band, but I wonder how feasible the business is. Apocalypse has 108 members in their Facebook Group though, so maybe there’s more demand than I thought.

David Beckham in Edmonton!

Tonight I went to Commonwealth Stadium with Megan to watch an exhibition Major League Soccer game between the Vancouver Whitecaps and the Los Angeles Galaxy. I hadn’t really been paying attention I guess, so didn’t realize the event was happening until Megan asked me last week if I wanted to go. I said yes, curious about how soccer would go over in Edmonton and of course, about David Beckham.

David Beckham

He didn’t score a goal, but he was awarded an assist. The Galaxy ended up losing 2-1, but it could have been far worse if not for their keeper. Vancouver was clearly the stronger team tonight. For more on the game, check out CBC.

Every time Beckham touched the ball, the crowd would cheer! It was kind of funny and kind of annoying all at the same time. At one point everyone started doing the wave. Megan and I couldn’t help but think, “this isn’t a hockey game!” For the most part though everyone seemed to be having a good time (despite the intermittent rain), and very few left after Beckham was replaced in the 75th minute.

While walking to the LRT station after the game, we ran into the crowd of people waiting to catch a glimpse of Beckham getting on the bus to leave the stadium. We hung around for a while and eventually saw him emerge, but the photos didn’t turn out so well. He signed a few autographs, but disappeared rather quickly.

In the end, I’d say that soccer is more enjoyable on television (keeping in mind that I’ve never been to a game in say, Europe). I eagerly await the World Cup, for instance! Bringing the exhibition game to Edmonton probably had the desired effect though – to capitalize on Beckham’s popularity as a way to introduce more people to MLS.

Here are my pictures from the game.

comingzune in Edmonton on May 16th

The iPod still has a lock on the market for portable media players, but at least Microsoft is doing some interesting marketing. Over the weekend I was notified about the comingzune parties happening in seven Canadian cities (it seems Montreal was a late addition).

comingzune

The Edmonton event takes place on Friday night at 9pm at The Artery, which Sharon tells me is an up and coming venue in our city. Here’s the map of the location.

I love the band name – The Wicked Awesomes! Never heard of them before though. They are five local guys, apparently influenced by devo. Take from that, what you will.

EdmontonTweetup1 was a success!

edmontontweetup Today we held the first ever tweetup in Edmonton (a meetup for Twitter users) and I think it’s safe to say that it was a success! We met downtown at three bananas cafe in Churchill Square at around noon. I wasn’t sure how many people would come, and was a little worried when I received a bunch of “sorry, can’t make it” messages this morning. In the end though, the attendance was much better than I could have expected, considering Twitter is still fairly niche. We had 17 people, including myself. You can see the full list of attendees on our wiki page.

Some of us took photos, Greg took some video, and Ian even did a podcast! You can find links to everything on the wiki (please add to the list).

EdmontonTweetup

We didn’t have a formal agenda, but that didn’t matter much. As I suspected, everyone found things to chat about. Connections were made and everyone seemed to be having a good time! There was some Twitter-related talk, mainly around apps and how people use Twitter. I talked about the “track” feature and also hashtags. It seems that most people have really gotten into Twitter in just the last few months.

Three Bananas was a great venue, very bright with reliable wifi. Today was a lovely day too, which made it even better.

I think we’ll probably have another tweetup, I’m just not sure when. You can help us plan it by contributing to the wiki page for EdmontonTweetup2.

Thanks to everyone who came – it was great to meet you! And to everyone who wanted to come but couldn’t, we’ll see you at the next one!

Volunteer for one of Edmonton's great festivals

volunteer edmonton Despite another setback for our neighbors to the south this week, summer is definitely on the way and that means lots and lots of festivals here in Edmonton. With over 30 established festivals each year, it’s no surprise that we’re Canada’s Festival City. It should also be no surprise that running 30 festivals requires a lot of time and effort, largely from volunteers:

The estimated number of volunteers required by Edmonton’s festivals is about 5,000 people! Our festivals are a source of community pride and an important element in the quality of life for Edmontonians in the summer – and beyond!

To help attract new volunteers, Volunteer Edmonton is co-hosting a Festival Volunteer Fair next week:

This recruitment event will showcase multiple festivals and will provide members of the community with a “one stop festival volunteer shopping experience”.  We have confirmed that 15 diverse and exciting festivals will be on site, highlighting the volunteer opportunities they have to offer.

I think there are actually over 20 festivals now participating, including the Edmonton International Fringe Festival, A Taste of Edmonton, The Works Art & Design Festival, and the International Street Performers Festival.

The recruitment event takes place on Wednesday, May 14th from 3pm to 7pm at the TransAlta Arts Barns. Here’s a map of the location, and for more information you can call 211 or visit the Volunteer Edmonton site.

Check it out and pass it on!