Originally published: May 25, 2017
A new study from the Mowat Centre in Toronto suggests that a basic income program could encourage people to take the leap and start their own socially conscious businesses.
The study involved surveying and interviewing members of the Centre for Social Innovation, which has sites in Toronto. It indicated that a basic income could give a leg up to people with a bright idea but limited resources to get it off the ground.
"Given our research, we think that a basic income could de-risk social entrepreneurship for people. We think that it could encourage more people from marginalized communities to try social entrepreneurship as a career," said Michael Crawford Urban, a policy associate at the Mowat Centre and co-author of the report.