{"id":47825,"date":"2023-10-20T15:55:25","date_gmt":"2023-10-20T15:55:25","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/social-enterprise-incubator-was-only-a-matter-of-time-for-geoff-gourley-startupsmart\/"},"modified":"2023-10-20T15:55:25","modified_gmt":"2023-10-20T15:55:25","slug":"social-enterprise-incubator-was-only-a-matter-of-time-for-geoff-gourley-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/social-enterprise-incubator-was-only-a-matter-of-time-for-geoff-gourley-startupsmart\/","title":{"rendered":"Social enterprise incubator was only a matter of time for Geoff Gourley – StartupSmart"},"content":{"rendered":"
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A new social enterprise incubator in Melbourne will address a \u201cdesperate need\u201d for financial support for socially conscious entrepreneurs, founder and impact investor Geoff Gourley says.<\/p>\n

Gourley first conceived the idea for One10 nearly seven years ago but it was \u201cbefore it\u2019s time\u201d.<\/p>\n

After launching a $100 million Impact Investment Fund in June this year, Gourley says he\u2019s been inundated with calls from social entrepreneurs who need his help.<\/p>\n

\u201cPeople have started coming out of the woodwork saying, \u2018help us build capacity\u2019,\u201d he tells StartupSmart<\/i>.<\/p>\n

\u201cThere are a lot of passionate social entrepreneurs who know the time is now, but they don\u2019t know where to get the support from.\u201d<\/p>\n

In need of assistance<\/h3>\n

He says while initiatives like Social Traders and the School for Social Entrepreneurs are helping budding businesspeople turn their ideas into business plans, many are struggling to take their product to market.<\/p>\n

One10 will provide successful pitchers with consultation and capital as well as offering co-working spaces in Melbourne, Brisbane, Sydney, Gold Coast and Perth.<\/p>\n

Gourley says the offices will enable chosen startups to communicate with each another, as well as putting them in close proximity to other important services.<\/p>\n

\u201cIf you want some legal advice, you walk down the hallways and the experts are there,\u201d he says.<\/p>\n

\u201cIf there\u2019s something you want to know about social enterprise, ask me.<\/p>\n

\u201cI want to be in there helping them like a CEO on call.\u201d<\/p>\n

Praise for government<\/h3>\n

Victoria\u2019s minister for small business, innovation and trade Philip Dalidakis launched One10 on Friday and says organisations like Gourley\u2019s play an important role in the startup scene.<\/p>\n

\u201cProviding local startups, social entrepreneurs and not-for-profits access to industry experts, networks and investment opportunities will help to address the important social and environmental issues in our Victorian communities,\u201d Dalidakis says.<\/p>\n

Gourley praised the minister\u2019s commitment to the sector.<\/p>\n

\u201cHe sees it can provide some good societal solutions that help reduce some of the financial burden for government,\u201d Gourley says.<\/p>\n

\u201cIf you can help them be more financially stable, then they\u2019re not putting their hand out when there\u2019s a decline in philanthropic donations.\u201d<\/p>\n

\n

Make the change<\/b><\/h3>\n

Gourley sees One10 as a way of increasing the amount of good he can do.<\/p>\n

\u201cI can make impact myself, but that\u2019s limited.<\/p>\n

\u201cImagine if I can impact positively 1000 business who are all out there doing good.\u201d<\/p>\n

One area he thinks the business community can enact change is the environment, and he says if the climate summit in Paris fails to reach a meaningful resolution, it\u2019s corporates who should take the lead.<\/p>\n

\u201cBusiness is the saviour because it can make money from cutting carbon emissions,\u201d says Gourley.<\/p>\n

He says businesses are already making significant contributions to carbon reductions, numbers which could be higher than estimated, but are difficult to track.<\/p>\n

In Victoria, recent government stability means the energy sector is \u201cbooming\u201d, he says.<\/p>\n

\u201cThat stimulates investment and spending, and business owners take confidence.\u201d<\/p>\n

He notes several companies doing impressive work in the area, including BuildingIQ, whose software manages office temperature based on live Bureau of Meteorology data, and carbonTRACK, a company backed by Gourley that allows people to monitor their own household\u2019s emissions.<\/p>\n

Pulling their weight<\/h3>\n

But the middle-tier businesses can still do more to reduce their carbon footprint, Gourley says.<\/p>\n

He says the top end of town, concerned with their reputation, are already being conscientious.<\/p>\n

And while it shouldn\u2019t be all about the bottom line, financial incentive is the best way to engage these businesses on topic of sustainability.<\/p>\n

\u201cMoney comes first, and then the environmental conversation comes second,\u201d he says.<\/p>\n<\/p><\/div>\n

Do you know more on this story or have a tip of your own? Raising capital or launching a startup? Let us know. Follow StartupSmart on<\/i> Facebook<\/i>,<\/i> Twitter<\/i>, and<\/i> LinkedIn<\/i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

A new social enterprise incubator in Melbourne will address a \u201cdesperate need\u201d for financial support for socially conscious entrepreneurs, founder<\/p>\n","protected":false},"author":1,"featured_media":58330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,20,22,18,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47825"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47825"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58330"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}