Dualis

Through the fund, Dualis intended to invest and own various social businesses that would offer employment to populations removed from the work world, such as youth at risk, people with disabilities, young adults at risk, single mothers and Arab women. After engaging with the Israeli Ministry of Justice, the regulator of corporations, Dualis was leg... ally recognized as a not-for-profit. That meant Dualis could raise funds from philanthropy also- social businesses' natural partners. Under the initial plan, Dualis owned the social enterprises it invested in. Profit made circled back to the business, ensuring financial sustainability. Social businesses have one significant pain point: the resources needed to maintain the social aspect of the business. For instance, a restaurant employing youth at risk. Due to their circumstances, youth at risk need social support to usher them into employment. The restaurant would need to hire a social worker and show patience and leniency while the youth get accustomed to the work environment. All while managing a business with clients, timelines and budgets. The initial plan didn't pan out as expected. Dualis adjusted its model and pivoted to an investment-only model, which minimized the risk and helped to diversify the investment portfolio. During this time, Dualis maintained the proliferation of Social enterprises in academia, media, and government ministries. Dualis is an Israeli registered associationRead More