Washington, DC June 23, 2016 – Silicon Valley is known everywhere as a center of innovation, investment and success. Entrepreneurs from around the world flock there to pitch their ideas and found companies. But where do social entrepreneurs go? What makes a successful social enterprise ecosystem? And which city is poised to become the Silicon Valley of impact?
Halcyon Incubator, together with Capital One, is answering these questions with the publication of the inaugural Social Enterprise Ecosystems Report, a first-of-its-kind study, directly from the voices of social entrepreneurs in the United States.
In its first year, the report finds that Washington, D.C. is currently the best city for social entrepreneurs, claiming pole position to become the Silicon Valley of impact.
About The Report
The report ranks U.S. cities on their receptivity to social entrepreneurial activity using actual feedback from this community and public data. “At a time when this country must solve so many pressing challenges, we need to understand what makes a good ecosystem for social entrepreneurs so that all sectors within a city can work together to better catalyze promising solutions,” says Kate Goodall, COO of S&R Foundation, which runs the Halcyon Incubator.
By examining the responses to a national survey of this community, Halcyon identified four pillars that define social enterprise ecosystems. Using this framework, the report analyzes public data to rank the best cities in the U.S. for social entrepreneurship.
The best cities in the United States for social entrepreneurship:
- Washington D.C.
- San Francisco
Most importantly, the Social Enterprise Ecosystem Report results are part of an interactive tool for social entrepreneurs. Entrepreneurs can go to SocEntCity.org and rank the four ecosystem pillars based on personal preference to receive a tailored match for their venture and provide more data to further the results of this study.
About Halcyon Incubator: Halcyon Incubator, a program of S&R Foundation, is committed to solving 21st century challenges throughout the nation and world by helping social entrepreneurs transform audacious ideas into scalable and sustainable ventures. Learn more at www.halcyonincubator.org.
About S&R Foundation: S&R Foundation is a 501(c)(3) non-profit organization created in 2000 to support talented individuals with great potential and high aspirations in the arts, sciences and social entrepreneurship, especially those who are furthering international cultural collaboration. Learn more at www.sandr.org