Social Innovation Fund Ireland

Rethink Ireland, formerly Social Innovation Fund Ireland, is a venture philanthropy organization that provides funding and support to social innovations and social enterprises across Ireland. Their primary goal is to address critical social issues and drive positive change in areas such as education, health, social enterprise, equality, and green transition. They operate by identifying promising social innovations, providing them with financial support (grants), and offering non-financial assistance such as capacity building and access to networks. Rethink Ireland aims to scale impactful solutions and create systemic change by working in partnership with government, philanthropic organizations, and the private sector. Their investment strategy involves running specific funds targeting different social issues. These funds are designed to support organizations at various stages of development, from early-stage pilot projects to established social enterprises seeking to expand their reach. Rethink Ireland focuses on identifying ventures with the potential for significant social impact and scalability. They also prioritize projects that demonstrate innovation and a commitment to evidence-based practices. The organization emphasizes collaboration and partnership, working closely with its funders and investees to achieve shared goals. They actively seek to build a community of social innovators and create a supportive ecosystem for social change. Rethink Ireland also conducts research and advocacy to promote social innovation and influence policy. Rethink Ireland measures its impact through various metrics, including the number of people reached, the social and economic value created, and the extent to which its investees have achieved their goals. They are committed to transparency and accountability, regularly reporting on their performance and sharing lessons learned.