Social ventures represent a new type of organization that aim to create sustainable

social value, such as promoting the well-being of communities and their existence

is based on developing solutions to tackle complex social problems. Developing a

suitable business model for a social venture is crucial because the right model with

a sustainable value offering in its core can support the venture and direct it toward

self-sustainability and competitiveness. Research on social venture business models

has been so far limited and particularly innovation in business models needs more

inquiry. Through an in-depth case study, we aim to extend the understanding how

business models of social ventures can meet these goals and how the business model

elements interact with each other. The study findings indicate that opportunity

recognition which is followed by innovative resource mobilization and integration can

turn into a well-functioning business-model that serves the desired ends, creating

social value and help to achieve self-sustainability. Furthermore, establishing the

right interconnections between the business model elements was found to support

the development of an efficient social venture business model.