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Social enterprises, along with “traditional” SMEs, startups, and Non-Profit Associations (NPAs), often struggle to figure out which funding and financing opportunities are available to them. The absence of a comprehensive, up-to-date database for all opportunities in the Baltic region contributes to this challenge. Addressing this need, the IBESI project has created the “Alternative Finance Roadmap”, which consolidates the most relevant funding sources for Baltic social entrepreneurs.

The main goal of the roadmap is to provide a quick overview of key funding and financing instruments accessible to social enterprises in the Baltic countries. Encompassing public and private sources, it outlines various instrument types: grants (including venture philanthropy), debt and equity capital, crowdfunding and Social Impact Bonds. As of autumn 2023, this roadmap compiles currently available information on diverse opportunities. It is a practical list of available finance sources that brings together existing knowledge in the field.


This roadmap has been produced within the project: “Integrated Baltic Ecosystem for Social Innovation” (IBESI) funded by the European Union. The project consortium includes Baltic Innovation Agency, Social Enterprise Estonia, Katalista Ventures and Reach for Change. Views and opinions expressed are, however, those of the authors only and do not necessarily reflect those of the European Union or the European Innovation Council and SMEs Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for them.



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Alternative Finance Roadmap: Guide to Navigating Funding Opportunities for Baltic Social Enterprises

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