Space for Humanity (S4H) is developing a unique Ambassador program with a foundational focus on the United Nations Sustainable Development Goals (UN SDG’s). Our applicants will identify which UN SDG they are most passionate about, and then develop a social impact plan around that issue. Our plan is to work alongside each ambassador in the development of a nonprofit or for-profit social enterprise.
The social enterprise model appeared in the late 1970’s with origins in the UK—the idea was to provide an alternative to traditional models of private business and public enterprise. Ideally, an entity would be held accountable in creating social wealth, maintaining financial viability, and operating in an environmentally responsible manner. One of the ways in which S4H plans to support our ambassadors is by creating an incubator and accelerator program where ambassadors will have access to resources, mentoring, strategy, and support during the timeline from ideas/concepts to implementation and launch of social impact ventures.
The Rockefeller Foundation coined the term “Impact investing” in 2007. In this case, the idea is that investments would be placed in the hands of startups that look to drive both profit and a sustainable revenue model while also providing social, economic, or environmental good as key components of the organization's basic operations. This intention can be actualized in the form of behaviors such as reinvestment of profits into community-based efforts or revenue models to create sustainable funding as a nonprofit.
There are numerous emerging models for developing social impact. One excellent example that is working well on a large scale is Acumen Fund—a nonprofit impact investment fund contributing to social enterprises that serve low-income communities in developing countries. Over the past 15 years, Acumen has invested $120m in these types of enterprises to increase social and economic impact. Acumen focuses on companies working on one or more of five portfolio areas—namely water, healthcare, housing, energy, and agriculture. In addition to the investment of financial capital, the organization also contributes to human and knowledge capital through development in key business areas including strategy, planning and performance management.
Space for Humanity is developing a simple model to provide grants between USD $15,000 and USD $25,000 to each Ambassador. We will work alongside the Ambassador to navigate strategic partnerships through the creation of a nonprofit or for-profit venture, impacting their local, regional, national or international communities. We believe that with basic financial investment and support for developing organizational structure, reporting, human capital, and a vision for change, our Ambassadors will maximize impact in their communities. In this way, we will provide a practical approach to our goal of “bringing the Overview Effect down to Earth” by sending a diverse group of people into space, where they will be given “the gift of perspective.”
You can participate in making this extraordinary adventure happen by contributing to our current campaign. We are developing a leadership training program that will equip our Social Impact Ambassadors to transform their communities and beyond. Join us now!