A new online application that will help the public to find out about and support social enterprises is being developed by the social entrepreneur networking site UnLtdWorld.
An application called UnLtdWorld Exchange will allow users to locate projects and offer them time, skills or funding. Users of UnLtdWorld, which has 9,000 members, will be able to search for projects that interest them, register their support and make donations. They will also be able to enter details of the types of project they want to set up or support and explain what skills or finance they have to offer.
The application, which is in the early stages of development, will then match them with other users who are looking for the kind of financial backing and resources they are offering. Tools will be added to the site later, allowing members to make financial investments in projects or even to set up loan agreements.
Alberto Nardelli, chief executive of UnLtdWorld, said it was a good time to be expanding social entrepreneur support networks. "Some people out there will have time on their hands and will be looking to do something different, something worthwhile, and also make a profit," he said. "I think the recession will make social entrepreneurship stronger."
A revamped version of UnLtdWorld itself will be launched on 5 May, including some new features.