13. Note: Impact assessment is not SIA
Various definitions and
evolving terminologies…
be careful.
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14. ‘Social Impact Assessment (SIA) includes the
processes of analysing, monitoring and
managing the intended and unintended
social consequences, both positive and
negative, of planned interventions (policies,
programs, plans, projects) and any social
change processes invoked by those
interventions. Its primary purpose is to bring
about a more sustainable and equitable
biophysical and human environment.’
International Principles for SIA, 2003
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15. 1. Business potential (33%)
Market & Competition:
Business addresses a clearly-identified need and target customer
Business is clearly differentiated from its competitors (both direct and indirect)
Products/Services (Offering):
Solution is clearly defined with features and benefits
Offering holds substantial and lasting appeal to target
Financial Sustainability:
Business model is both financially feasible (value created is greater than costs incurred), fundable (attractive for future investors and donors), and scalable (replicable across regions, product categories, or
impact areas)
2. Social impact potential (33%)
Social Value Proposition
Business has a clearly-identified social value proposition that is supported by a well-articulated theory of change
Business generates social value above and beyond current state and/or next best available option
Quantification of Potential Social Impact
Potential Social Impact projections are based on reasonable assumptions and credible data
Plan has identified operational metrics (“social indicators”) that strongly relate to desired social outcomes
Plan recognizes potential unintended and/or negative consequences of the business
3. Likelihood of success (33%)
Implementation
Clearly defined vision and growth objectives
Roadmap for implementation, including necessary connections/partnerships, customer acquisition strategy and demonstrated proof of concept
Basic scenario planning to show adaptability in the face of hurdles or challenges
Clear and feasible plan for impact measurement and evaluation, including ongoing monitoring of unintended and/or negative consequences of the business
Organizational Fit
Social value proposition is central to the business model; impact scales as business scales
Business has a comparative advantage to existing players addressing the same need
Quality of management team
Relevant and diverse domain & industry experience, business track record, education, access to resources, strong relationship with advisers
Professional, persuasive and organized presentation
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16. Annual GSVC Social Impact
Assessment Award
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18. GSVC SIA Approach: Define
• “Theory of Change”
• What are your long-term objectives? How will
your intermediate steps help you get there?
• Similar to Vision and Mission …
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19. GSVC SIA Approach: Quantify
• “If you can’t measure it, it didn’t happen.”
• How to track non-measurable things… figure
something you can measure.
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20. GSVC SIA Approach: Track
• As rigorously and regularly as you track and
report finances.
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