SOCIAL ENTREPRENEURSHIP IS AN INNOVATIVE BUSINESS THAT CHANGES SOCIETY

Abstract

Social entrepreneurship, although a fairly new type of activity, is already taking hold in the global economy. Its popularity is only growing, and with the outbreak of a full-scale war in Ukraine, even more people have become interested in this type of activity. In today’s environment, social entrepreneurship positions itself as a form of business that improves lives and helps people with disabilities, internally displaced persons, socially vulnerable groups; cares about the environment; preserves nature and rationally allocates resources. Despite the fact that social entrepreneurship does not exclude profit from its activities, its main goal is still social. Social entrepreneurship plays an important role in improving the quality of social life. It influences the level of social development of the country and reduces unemployment. Social projects are an important part of every country’s successful and sustainable development. However, this type of business, like any other, requires funding. The article presents possible sources of fundraising: crowdfunding, charities, business angels, grants, philanthropists, fundraising. Particular attention is paid to such methods as grants and fundraising, as the authors believe that they are the most modern and relevant in the times in which the study is being conducted.