After years of not starting businesses because they cost too much to register, and not being able to finance my research, I have decided to create a new type of finance called Socially Responsible Funding.

Based on the theme Borrow Locally, Finance Globally, the idea is to fund Social Enterprises in sensitive areas like research, Low-income housing, Green Product Development, and so on, that just aren't getting enough funding because of the current VenCap model, and its insistence on short term gains.

Here in Canada we have a government that is busy trying to offload social programs onto NGO's, without paying the full bill, expecting the charitable sector to somehow step to the plate and make up the difference. Problem being that there isn't enough capacity in the charitable sector to meet the demand.

Instead what I think we need to do is build a different financial/funding structure that favors Social Enterprise and uses MoneyMarket techniques to fund it.

I was stumped how to do this, until I began to realize just what the crash was all about. The U.S. government had created a monster because it was trying to finance it's housing needs using a new technique called securitization to generate new forms of financial vehicles.

It had been too effective, and not careful enough about the nature of the new vehicles it created, and so destroyed the viability of Banks the world over, by destroying the credibility of Mortgage backed securities.

But before it did that, it managed to mobilize funds from nearly every country in the world! To finance a housing bubble of all things.

What, I wondered if we could mobilize even a portion of those funds for social enterprises? We would have to be careful, not to let it get out of hand, but we could use securitization to custom design financial vehicles that met the needs of the social entrepeneur, while also being salable on the open market.

What do you think, would it fly?