Concordia launches new social impact incubator: Balsam Impact


Concordia University’s District 3 Innovation Hub has launched a new social impact incubator called Balsam Impact. The name is inspired by the balsam fir tree, known for its resilience. The incubator’s objective is to provide coaching support and mentorship to nurture social entrepreneurs who will innovatively improve the society and the environment. “Social entrepreneurs look at three layers: the economic model of the business, the impact on the environment and the impact on society,” said Balsam’s Managing Director Julie Hamel. “It’s about solving issues and making a difference in the community.”