Meet the next network participating in the Pathfinder Pilot!

In 2022, Common Approach began looking for networks of social purpose organizations (SPOs) to participate in its next pilot program, the Pathfinder Pilot. The Pathfinder Pilot is housed at Social Innovation Canada and is funded by the Government of Canada’s Investment Readiness Program, the Northpine Foundation, and the Ontario Trillium Foundation.

A sign post indicating multiple paths of a forest path. The goal of the Pathfinder Pilot is to see how the adoption of all four Common Approach Standards alters the process and outcomes of impact measurement for these SPOs, both individually and within their impact measurement network.

We are excited to announce that the Newfoundland and Labrador Social Enterprise and Innovation Coalition, convened by the Centre for Social Enterprise (Memorial University), is the next network joining the pilot.

The Coalition was formed to promote the development of a well-articulated and robust social finance ecosystem in Newfoundland and Labrador. Specifically, the network aims to increase social finance awareness and investment readiness, strengthen SPOs through capacity building and impact measurement, and develop a social innovation network.

The Newfoundland and Labrador Social Enterprise and Innovation Coalition joins the Community Lending Network and the Network for Optimizing Food Impact in the Pathfinder Pilot.

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The Newfoundland and Labrador Social Enterprise & Innovation Coalition convened around a shared mission to build community prosperity by enabling thriving social purpose organizations in the region.

By promoting social innovation and developing the social finance ecosystem in the province, we’ll help to increase awareness of the community’s potential, scale their impact, and tell new success stories. The Pathfinder Pilot provides the opportunity to develop a framework for improved data collection and sharing, which will help better develop social finance and capacity-building strategies, assess investment readiness, engage public and private investors, and leverage resources.

Mariana Jimenez Ojeda

Social finance and impact investment project co-ordinator, Centre for Social Enterprise - Memorial University of Newfoundland

Published June 26, 2023

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