Our purpose is to find and back innovative solutions to critical social issues in Ireland. We were created by Government to fill the gap on funding innovation in the non-profit sector. Just as innovation is important to economic growth, we believe that innovation is crucial to solving Ireland’s social problems.
Ireland has plenty of innovation, but we fail to spot it, back it, and spread it. Our purpose is to support the best non-profits, charities and social enterprises in Ireland so that they can grow and reach more people who will benefit from their crucial work.
Every Euro we raise is matched by a Euro from Government from the Department of Rural and Community Development via the Dormant Accounts Fund. Since our first year of operations in 2015, we’ve partnered with companies such as Google, Medtronic, Mason Hayes & Curran and IPB Insurance, as well as SME’s, trusts, families and individuals. Through the support of our partners, we’ve created ten funds to date, which address social issues relating to Tech For Good, Community Resilience, Social Enterprise Development, Education, Health, Mental Health and more. These funds have collectively provided grants and business supports to 31 social innovations in Ireland.
In 2013, the Government set a target for Social Innovation Fund Ireland to raise over €5 million in philanthropic funding. We’re delighted to have exceeded that target, by raising over €6 million.And we’re just getting started. The Programme for Government has committed to increasing the scale of SIFI matched funding to €50 million, creating a potential €100 million fund for social innovation. This has the potential to be transformative for Ireland.
Our mission is to provide growth capital and supports to the best social innovations in Ireland, enabling them to scale and maximize their impact.
Our vision is to create the world’s best eco-system for social innovation in Ireland.