Organizations that seek profit along with maximizing social and environment well-being use commercial strategies for social good. Such organizations, termed social enterprises, can develop innovative solutions to provide affordable quality health care to the poor. However, health social enterprises operate in challenging markets, and require financial and technical support before they can attract the financing and partnerships they need to get to scale.
SHOPS Plus works to support social enterprises by:
- Designing and implementing the Health Enterprise Fund
- Awarding flexible grant capital to remove the risk of developing and testing of new models
- Providing tailored technical assistance to small and medium-sized enterprises
- Assessing the landscape of partners and the types of support available to enterprises (the “ecosystem”)
- Building relationships across the public and private sectors to identify pathways to scale
- Conducting research and helping enterprises use data to inform and adjust their strategies
- Helping enterprises strengthen their business models for increased sustainability
Example of our work
In India, SHOPS Plus is launching the Health Enterprise Fund to identify and support market-based solutions to increase access to reproductive, maternal, newborn, child, and adolescent health products and services for underserved populations. SHOPS Plus will provide a combination of grant capital and technical assistance to social enterprises, working with them to validate their business models and connect into the broader health system. Through the fund, SHOPS Plus will strengthen these models for improving health in India and prepare them for scale.