The European social economy will receive € 20 million from Google

 

The European social economy will receive € 20 million from Google

The European social economy will receive € 20 million from Google

Social workers in Europe face a number of challenges, including chronic work stress and difficulties opening their own businesses.

Because of this, Google.org, the philanthropic arm of the US technological giant, has decided to allocate 20 million euros to support social entrepreneurs in Europe.

According to a recent study published by ChangemakerXchange and The Possibilists and co-funded by Google.org, only one in five young social entrepreneurs can make a living from their work and over 60% have experienced symptoms of burnout, the psycho-emotional stress associated with the context. professional. The support for this area, by Google.org, passes through the Social Innovation Fund. Among the realities supported by Google.org there is also our local Colory, a creative space for second generation Italians.

Of the allocated funds, 13 million euros will be used to strengthen local social economy ecosystems across Europe and 7 to support Inco, a group aimed at developing sustainable business ideas. Google.org allocates an additional million euros to Fund 05, to foster social entrepreneurship in Slovenia. "It is estimated that in Europe there are about 2.8 million social enterprises that employ 13.6 million people and contribute to a more inclusive, resilient and sustainable economy" writes Google "however, the pandemic has exacerbated some of the issues that these entrepreneurs face, including existing inequalities and access to resources ". Google's initiative.