Great article about Cyclefreo in the Fremantle Gazette. There is some good detail about Social Enterprise and the advantages to the community and Fremantle as a whole.
You can read the article “Brisbane, Melbourne & ‘Freo’, 3 models for bike-sharing” here and below is some more information about Openforum.com.au
Open Forum is an independent, non-profit, collaborative think-tank built around an interactive discussion website hosted and moderated by Global Access Partners (GAP). It provides a platform for focused dialogue on Australian public policy and social issues.
Open Forum is registration-based and enables participants to make connections, share their opinions and concerns, test their ideas, raise and discuss specific topics, suggest solutions and ultimately contribute to policy development and economic outcomes for government and business, as well as the democratic process in general.
Below is a short video by Muhammad Yunus on the theory behind the social business model (also known as social enterprise) and some examples of how it can be utilised to solve social issues.
Cyclefreo is adopting a social business model where in the profits that are generated by the business are invested back into the business and into the social objectives of the business. Clearly defining these social objectives will be part of coming posts as Cyclefreo develops.
Muhammad Yunus releases his new book this month which details how to create a social business.
We will be talking about Cyclefreo’s business structure in detail over the coming months as it will be an important part of the overall business planning and development and could ultimately come down to the overall viability of using a social business structure.
Cyclefreo has entered the TACSI – BOLD IDEAS, BETTER LIVES CHALLENGE which aims to:
With the Bold Ideas, Better Lives Challenge we want to give you the chance to turn your big idea into big impact. So we’re putting our money (and our networks) where our mouth is and offering you the opportunity to make your idea a reality.
We’re offering a range of capacity building partnerships and we’ve got up to $1 million to invest in your ideas – we’re committed to supporting up to 10 projects that show the best and brightest ideas in social innovation across Australia.
We will upload our full entry to this blog shortly for comment but in the future we will be posting a range of videos to YouTube in relation to the development of this project.
Our YouTube Channel is http://www.youtube.com/user/cyclefreo
Please let us know what you think of the multi-media presentation as we plan on entering a number of challenges with this brave plan and the better our entry the better the chance of success.