SOCIAL BUSINESSES

Social Businesses always combine significant income generation with positive social impact.

For Artemisia, a Social Business offers a new business model that is capable of questioning market truisms by creating new opportunities for more people from all socioeconomic backgrounds. Microcredit is one such example, which has demonstrated that, contrary to popular belief, poor people can repay loans. As of today, it has helped over 130 million people work their way out of poverty.

INNOVATION
Any of the below:

A new product or service

An existing product/service for a new target group

A new service/production/distribution process

A new governance model

POTENCIAL SCALE
Any of the below:

Expand to new markets and investors

Replicate methodologies and fundamentals

Influence other people, organizations and public policy

SOCIAL IMPACT INTEGRATED WITH FINANCIAL VIABILITY

The core product, service and/or process directly contributes to solving social problems

The social businesses generate sufficient income to both cover existing operations and contribute to future growth