COVID Response Alliance for Social Entrepreneurs

The COVID-19 crisis has had devastating effects on communities everywhere. Recognizing the vital role social entrepreneurs play in ensuring a sustainable and inclusive recovery, the Alliance calls on all actors to stand by social entrepreneurs in this time of need and provides concrete guidance on what each can do.

Social entrepreneurs play an important role on the frontlines of the crisis and in the recovery. The Alliance's COVID-19 Action Agenda Leaders on the Front Line: Why Social Entrepreneurs Are Needed Now More than Ever offers 5 response principles and 5 concrete actions supporting intermediaries, impact investors, corporations, funders and philanthropists and government institutions can take in support of entrepreneurs.

Social entrepreneurs play a critical role in serving the most marginalized members of our global society. Their work has never been more important as we respond to COVID-19. We call on leaders across the public, private, and social sectors to invest in these first responders now.

—Dr. Raj Panjabi, Founder & CEO Last Mile Health

1 |Supporting Intermediaries

We call on supporting intermediaries to provide fitting support to social entrepreneurs and the communities they serve & surface the needs and priorities of social entrepreneurs on the ground

1 - Be customer & community-driven
2 - Lean in & adjust
3 - Share insights & best practices
4 - Establish smart partnerships
5 - Take an ecosystem approach

2 | (Impact) Investors

We call on Impact Investors to adapt their investment priorities & provide flexible capital and must-have technical assistance:

1 - Revisit processes and terms
2 - Be a conduit to grant capital
3 - Expand technical assistance
4 - Collaborate & Co-Invest
5 - Plan for the long term

3 | Corporations

We call on Corporations to stand with social entrepreneurs within their supply chains and the broader ecosystem, fulfill their agreements and extend their support to build a more inclusive & resilient economy:

1- Honour existing relationships
2 - Forge new partnerships
3 - Facilitate capital connections
4 - Invest in capacity building
5 - Deepen & widen your footprint

4 | Funders and Philanthropists

We call on Funders and Philanthropists to expand and expedite their support to social entrepreneurs as well as intermediaries, taking risks reflective of today's unprecedented times:

1 - Expand your support
2 - Expedite your support
3 - Take greater risks
4 - Collaborate & blend
5 - Innovate & and experiment

5 | Government Institutions

We call on Government institutions to recognize social entrepreneurs as a driving force in safeguarding jobs and pioneering a green & equitable society - and to support back them accordingly:

1 - Protect crucial community organizations & jobs
2- Allocate & Fast track funding
3 - Back existing intermediaries
4 - Remove red tape
5 - Usher a new economic reality