The concepts of social enterprise and social entrepreneurship are making amazing breakthroughs in EU countries and the United States. Until recently, the debates on both sides of the Atlantic have taken place in parallel trajectories with few connections among them. In the first part of the paper, we describe the European and US historical landscapes in which those concepts took root. In the second part, we analyse how the various conceptualizations have evolved. This analysis paves the way for the third part, in which we highlight the conceptual convergences and divergences among regions as well as within the US and European landscapes.

Purpose -Twelve years ago, the concept of social enterprise was rarely discussed in Europe, however it is now making significant breakthroughs in European Union (EU) countries. Within this context, the purpose of this paper is to synthesize major evolutions experienced by social enterprises across Europe and the key challenges they are facing; and specific members of the EMES European Research Network provide a more in-depth update as to current trends and debates in their respective countries Design/methodology/approach -This paper is based on a comparative analysis of the different institutions (legal frameworks, public policies, supporting structures, public procurement policies . . .) which support the development of social enterprises in the different EU countries. To delimit the field, the paper relies on the "ideal-type" social enterprise as defined by the EMES network: "Social enterprises are not-for-profit private organizations providing goods or services directly related to their explicit aim to benefit the community. They rely on a collective dynamics involving various types of stakeholders in their governing bodies, they place a high value on their autonomy and they bear economic risks linked to their activity". Findings -It was found that although the concept of social enterprise itself has not gained the same recognition in all EU countries (and is even still poorly understood in several of them), the reality is that growth and social enterprise are being experienced in most EU countries. Originality/value -If the concept of social enterprise is on the public agenda of several EU countries, the understanding as well as the institutions to support their development vary from one country to the other. This paper provides a comparative analysis of this heterogeneous but rich landscape.

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Over the last 15 years, the concept of social enterprise has been raising an increasing interest in various regions of the world. In the present paper, we describe, first, the European historical landscapes in which the concept of social enterprise took root. In the second part, we analyze the various public policies introduced in several European countries. In the third part, we analyse the logics of financing of social enterprises. Based on the EMES conception of social enterprise, we underline the ''hybridization'' of their resources. European social enterprises indeed, most often, combine income from sales with public subsidies linked to their social mission and private donations and/or volunteering. This clearly contrasts with a strong US tendency to define social enterprises as non-profit organizations more oriented towards the market and developing ''earned income strategies'' as a response to decreasing public subsidies and to the limits of private grants from foundations.