Blog & News. |
 This case study from Belgium has been provided by the Belgian partner in the BASET project – Creative District, illustrating an insightful example of a non-profit organisation, which has managed to overcome the challenges in the social impact ecosystem by implementing an innovative business model, proving systematic growth. Moreover, while scaling up with a very fast rate, it has boosted its positive social impact. CREATIVE DISTRICT 2014-2019 Creative District was established in Belgium in 2014 as a non-profit association to promote entrepreneurs in the sector of CCI (Creative and Cultural Industries). In order to provide them with an adequate workspace, Creative District started its journey by identifying and occupying unused spaces. The first experience proved to be very profitable from the point of view of the real estate owner: the completely empty building in which Creative District operated, benefited from its presence, its management and its dynamics to find new tenants and increase its price per square meter. Over the years, Creative District has specialized in the revitalization of vacant spaces. From promoting entrepreneurs in the CCI sector, Creative District has set the mission of revitalizing vacant spaces by implementing projects with societal values and local anchorage, related to the creative industries, to revive them and re-create an economic activity. Thus, the benefits have evolved significantly according to the expertise developed by Creative District. In parallel, more and more property owners have realised the novel business model of Creative District for the revitalization of their spaces, whether in consultancy, management, or activity creation.
Over time, the organisation has proved that this continuous support to entrepreneurs and providing them with workspaces and experimental grounds for their project is a win-win for the various stakeholders in the ecosystem. Hence, more spaces can be revitalized leading to more positive and diversified impact. The evolution of Creative District's services from 2017 has not only required a change of the business plan, but also of the branding and marketing. Consequently, in 2019 the organisation created two new legal forms to better manage and valorise each type of services. This pinpoints how crucial it is for an enterprise in the social ecosystem to be flexible, not only with their business model but also to be able to diversify in various ways. In conclusion, from the graphics above it is evident that over the years and during its development Creative District has gone through several transformational evolutions:
Author Partner @BASET Creative District |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
August 2019
Categories
All
|
The Boost Aid for Social Entrepreneurship through Training /BASET/ Project No. 2017-1-BG01-KA204-036360 has been co-funded by the Erasmus+ Programme of the European Union.
This website reflects the views only of the author, and the European Commission cannot be held responsible for any use which may be made of the information contained therein.
|
BASET |
© BASET 2017-2019. ALL RIGHTS RESERVED.
|
|
Translation of the website is available in the following languages:
|
|
|
|
RSS Feed