In addition, the foundation also serves as one of the largest and most active supporters of social entrepreneurship today. They have awarded over 250 million dollars to over 81 organizations. This money is so important to the well being of a social enterprise because one of the biggest problems for social entrepreneurs is how to receive funding for business activities. What differentiates social entrepreneurship from the traditional economic model is a focus on the social mission, which makes investing less attractive because there is almost no chance to receive profit from the investment and no guarantee that you as an investor will receive your initial money back.
Funding is especially important to social entrepreneurs because without it, they cannot scale their enterprise to a size that is notable. With scale comes more funding, greater ease of penetration, and reputation that can ultimately lead to a more efficient social enterprise. This is why it is so important that organizations like the Skoll Foundation are so active in the social sector. They represent a primary resource for the sustainability and start-up of so many social entrepreneurs.
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