Concordia'S District 3 Launches Social-Impact Incubator Balsam

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If you've got an innovative idea about how to make the world a better place, you may want to check out a new incubator in Canada.

Concordia University's District 3 Innovation Hub has just launched Balsam Impact, a social impact incubator that will help social entrepreneurs get their ideas off the ground and into action, Quartz reports.

"Social entrepreneurs look at three layers: the economic model of the business, the impact on the environment, and the impact on society," says Julie Hamel, the new managing director of Balsam Impact.

"It's about solving issues and making a difference in the community."

Balsam Impact will focus on three key issues: aging, inclusive nations, and neurodivergent people, according to a press release.

Examples of what the incubator will be working on include "new housing models that will enable the people to age with dignity and remain in their homes," as well as opportunities for Indigenous peoples and immigrants seeking work.

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