Social Enterprise

Mohammad Anas Wahaj | 27 nov 2017

EDIT (The Expo for Design, Innovation & Technology), the 10 day event held in Toronto (Canada) showcased art, installations and projects, focused on innovation and design to build a sustainable future for the world. It included talks from David Suzuki, Ian Campeau (A Tribe Called Red), among others. Here are 5 selected ideas and innovations - (1) Prosperity For All: Curated by Canadian designer Bruce Mau, the main exhibit juxtaposed Paolo Pellegrin's photos of devastation throughout world, with people and inventions that are helping to combat issues such as famine, refugee crisis, smog and more. It highlighted Smog Free Project (Dutch artist and innovator Daan Roosegaarde's smog free bike that works to purify the air around you while you ride), The Ocean Cleanup (Boyan Slat's creation that intend to remove 50% of the trash found in Great Pacific Garbage patch in just 5 years) and many more. (2) Art With Purpose: Dennis Kavelman, an artist and tech investor, collaborated with the Digital Futures team at OCAD University (Canada) to create a piece of work inspired by Andy Warhol. Expiry Dates works in two phases - It compiles answers from an online questionnaire, measuring your life expectancy against a myriad of points such as your fitness level, whether you smoke, if you're married and more. Then you sit for a self-portrait, which you attach to a QR Code with all your data. In a few minutes your heartbeat appears on the big screen, taken from a reading from your eye, and then your portrait appears along with your predicted date of expiry. Another piece of the installation, titled That's Not Very Many, uses a magnetized digital board to break down those days in months. (3) The New Housing: Living sustainably means looking at where we live and providing affordable housing for all. Exhibit included Mickey Mouse's Home of the Future that was a fully functional shipping container created by students at OCAD. The One House Many Nations home was created by grassroots organization Idle No More, that seeks to provide affordable housing based on traditional indigenous ideas, and consists of two modules that link together, one dubbed shelter and the other service, that can be pieced together based on the family or individual's needs as well as the landscape in which they live. (4) The Future Of Fashion: Fashion Takes Action's Design Forward award was given to a sustainable fashion label Peggy Sue Collection (founded by Peggy Sue Deaven-Smiltnieks), a line of eco-friendly cotton and denim. (5) Waste No More: Keeping in mind the concept of feeding many with minimal impact, Waterfarmers created an on-site aquaponics exhibit to show how fish waste can be used to fertilizer food. The idea is to utilize water that is housing fish to then fertilize plants, providing protein and vegetables in a sustainable manner. Read on...

CBC.ca: 5 design innovations that just might change the world
Author: Michelle Bilodeau

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Mohammad Anas Wahaj | 25 oct 2017

Social enterprises are businesses driven by the purpose to do social good and work for the uplifment and betterment of society. Business corporations too are creating similar impact through their corporate social responsibility (CSR) initiatives and often partner with social enterprises. The concept of doing good while making money is becoming mainstream. According to a survey by Rappler, '90% of millennials today value purpose as highly as salary and career progression in choosing their place of work. They prioritize impactful businesses that are sustainable and responsible in conducting their operations.' Thomas Graham, founder of MAD (Make A Difference) Travel and author of 'The Genius of the Poor', explains how a community of social entrepreneurs, 'Gawad Kalinga (GK) Enchanted Farm' in Bulacan (Near Manila, Philippines), is making a difference in the local community and market, what for-profit businesses can learn from their way of working, and provides an example of a growing social enterprise that is part of the system. Even Jean-Philippe Courtois, President of Microsoft International, visited the GK Enchanted Farm, a 42-hectare farm-village-university, not only to give back but also to meet the entrepreneurs there and learn more about how their values-driven approach has been able to make an impression in the market. Mr. Graham says, 'The greater goal of the farm, however, is not to convince everyone to become a social entrepreneur, but to demonstrate that doing business in the spirit of 'walang iwanan' (no one gets left behind) can be beneficial to everyone, no matter how big or small a business is.' Explaining the working model of a social enterprise in the GK farm, 'Plush and Play' (founded by a Frenchman Fabien Courteille), Mr. Graham says, 'Instead of conducting a more conventional business approach, which might involve extensive market research and a strict business model, followed by the importing of skills from elsewhere, Courteille instead spent his time living in the GK village, discovering the aspirations and talents of the community - in this case, sewing - and building a business plan out through unleashing the potential he saw before him.' Mr. Courteille comments, 'I did not choose an industry, but a beneficiary.' There are lessons that are to be learned from the working and progress of social enterprises. Mr. Graham says, 'Of course, 'Plush and Play' still has a long way to go before its volume of sales can compete with other mainstream brands in the Philippines, but there are lessons we can take from Courteille progress thus far. As consumers become increasingly patriotic and socially/environmentally conscious, having a great and authentic story to tell can set you apart, even in the most congested of markets. In this sense, doing good really does make good business sense.' He further explains, 'There are over 40 different social enterprises all at varying stages of growth and development, but what is to learn from them is valuable to any business: hard work, resilience, ingenuity, creativity, innovation, sustainability and taking care of one's employees and environment.' Read on...

BusinessMirror: Big businesses could learn from social enterprises
Author: Thomas Graham

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Mohammad Anas Wahaj | 22 oct 2017

Handling failures effectively is an important aspect of learning from the process of doing. When it comes to social entrepreneurship, understanding the dynamics of failure may be more complex then for-profit entrepreneruship. While pursuing social goals for the betterment of the world, it might be harder to reconcile and recuperate when one fails. Keep the following things in mind when one recovers from failure in the social sector - (1) You raised awareness: Understand the value of spreading a good idea and message. It can be a satisfaction in itself. (2) You learned what not to do: Lessons learned from the failed project can lay the foundation for success in future projects. (3) Your leadership will be refined: Leading a social impact organization is very challenging. Skills get honed and further developed during the process. Failure can bring humility, ownership, accountability and resiliency - the traits of an influential leader that can embark on the tough journey of bringing social change and serving others. Read on...

Forbes: 3 Ways Social Entrepreneurs Can Think About Failure Differently
Author: Tori Utley

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Mohammad Anas Wahaj | 23 aug 2017

Rapid pace of innovation is the defining feature of the current era. According to the World Economic Forum, 'The speed of current breakthroughs has no historical precedent.' Financing industry now have innovative lending platforms, both for-profit and nonprofit, for small businesses. But there are concerns regarding many products as they may trap small businesses in a cycle of debt. Gina Harman, CEO (U.S. Network, Accion), explains the challenges that nonprofit lenders face due to rapid innovation happening in the industry and shares insights from the conversation between industry experts - Kate Mirkin (Salesforce.org, Salesforce's nonprofit social enterprise); Prashant Reddy (DemystData); Patrick Davis (CRF, Community Reinvestment Fund); Shaolee Sen (Accion). Myth 1 - The only barrier to scale is the absence of technology: Technology investments get wasted if there are no capable people to deploy it internally and manage the necessary changes in business processes. Challenges are even more when multiple organizations are involved in the project. Establishing and maintaining discipline is essential. Right technology with right data is required to maximize its utility. Myth 2 - For nonprofit organizations, passion to serve more people outweighs fear of change: Nonprofits must overcome lack of investment in talent, knowledge and resources required to drive technological innovation. Nonprofit organizations in business lending industry must consider change necessary to better serve their stakeholders. Collaborative approach to manage technological change must be adopted between the organization and the key stakeholders. Myth 3 - Only organizations with large technology budgets can innovate: Small investments in incremental improvements can add real value to organizations. Even effective data utilization can bring transformative changes at low cost. Within the social impact and mission-driven space, an approach with shared purpose and collective interests can help organizations collaborate and pool resources to implement and utilize costly technological innovations to provide value to the group. Read on...

Huffington Post: 3 Innovation Myths that Nonprofit Lenders Should Abandon
Author: Gina Harman

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Mohammad Anas Wahaj | 17 jun 2017

Innovation Showcase (ISHOW) by American Society of Mechanical Engineers (ASME) is a hardware competition for socially minded projects. The purpose is to create awareness that hardware engineers too play a role in social innovation. K. Keith Roe, President of ASME, says, 'Our research showed a tremendous lack of support for hardware innovators seeking to enter global markets and make a societal impact.' Paul Scott, ASME ISHOW Director, says, 'From South America to West Africa to Southeast Asia, there are many talented folks that are changing paradigms with their work.' Currently, ASME ISHOW is held in US, Kenya and India. This year's American competition will be held on 22 June 2017. According to ISHOW website (thisishardware.org), 10 American finalists alongwith their projects are - (1) Hahna Alexander (SmartBoots: Self-charging work boots that collect status and location data and provide workforces in hazardous environments with actionable insights); (2) Jonathan Cedar (BioLite HomeStove: An ultra-clean cookstove that reduces smoke emissions by 90% and biomass fuel consumption by 50% compared to traditional open fire cooking, while also co-generating electricity from the flame to charge mobile phones and lights); (3) Matthew Chun (RevX: A transfemoral rotator that restores dignity to low-income amputees by enabling them to sit cross legged, dress themselves, get back to work, and more); (4) Shivang Dave (QuickSee: PlenOptika developed the QuickSee to disrupt the barriers to eyeglass prescriptions for billions of people worldwide so that they can get the eyeglasses they need); (5) Alexandra Grigore (Simprints: With a novel fingerprinting system, Simprints aims to create a world where lack of identity is never the reason why anyone is denied basic services in healthcare, education and finance); (6) Mary McCulloch (Voz Box: Millions of people, right now, are nonverbal. Current devices are too expensive and uncustomizable. The Voz Box is an innovative speech generation device that has customizable sensors and is affordable); (7) Erica Schwarz (Kaleyedos Imaging Device (KID): A revolutionary infant retinal imager that will empower neonatal intensive care units (NICUs) worldwide to decrease the incidence of visual impairment and blindness due to infant retinal disease); (8) Kenji Tabery (VeggieNest: Smart home gardening systems, and aims to address the growing market need for access to organic, affordable, and nutritious produce that enable global consumers to be food secure); (9) Team Sixth Sense (Team Sixth Sense: We have designed a system of sensor to attach to lower-limb prosthetics that works with NeoSensory's current technology to provide realtime vibrotactile feedback); (10) Quang Truong (EV 8 Cooler: Evaptainers creates low-cost mobile refrigerators that run on water. These are perfect for low income families who live off grid or cannot afford a conventional refrigerator). Read on...

Technical.ly DC: 10 engineers will showcase hardware's role in social innovation
Author: Nia Dickens

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Mohammad Anas Wahaj | 27 feb 2017

'healthymagination Mother and Child Program', a collaborative effort of GE and Santa Clara University's Miller Center for Social Entrepreneurship, provides mentorship and training aimed at improving and accelerating maternal and/or child health outcomes in Africa. The program was designed to help the social entrepreneurs acquire business fundamentals, improve their strategic thought processes and articulate a business plan that demonstrates impact, growth and long-term financial sustainability. According to Robert Wells, Executive Director of healthymagination, 'GE believes there is much for social enterprises and large businesses to learn from each other. As the center of the ecosystem, social entrepreneurs are key to building Africa's sustainable future.' First cohort of 14 social entrepreneurs that have completed the program are ready to present their social enterprises to a group of potential investors and supporters. Jay Ireland, President & CEO of GE Africa, says, 'This group of people are helping solve some of Africa's biggest health challenges through their initiatives aimed at improving mother and child care. This is another great example of the strong entrepreneurial spirit in Africa.' According to Thane Kreiner, ED of Miller Center for Social Entrepreneurship, 'Addressing the global health challenges of women and children living in sub-standard conditions or facing high-risk pregnancies demands all the determination, diligence and creative solutions we can muster.' Following are the social entrepreneurs and their respective social enterprises - Daphne Ngunjiri, Kenya (AccessAfya.com); Habib Anwar and Zubaida Bai, Kenya (ayzh.com); Tyler Nelson, Rwanda (HealthBuilders.org); Pratap Kumar, Kenya (Health-E-Net.org); Steve Alred Adudans, Kenya (HewaTele.org); Stefanie Weiland, Uganda, Burundi and DRC (LNInternational.org); Julius Mbeya and Ash Lauren Rogers, Kenya (LwalaCommunityAlliance.org); Brian Iredale, Uganda (NurtureAfrica.ie); Segun Ebitanmi, Nigeria (Outreach Medical Services); Cobby Amoah, Ghana (Peach Health); Olufemi Sunmonu, Nigeria (ThePurpleSource.com); Yohans Emiru, Ethiopia (HelloDoctorEthiopia.com); Natalie Angell-Besseling, Uganda (ShantiUganda.org); Anne Gildea, Kenya (VillageHopeCore.org). Read on...

CNBC: 14 social entrepreneurs to improve maternal & child health in Africa
Author: NA

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Mohammad Anas Wahaj | 15 nov 2016

One of the ways in which health systems, particularly in the resource-starved developing countries, can improve is by applying concepts that make social enterprises successful. Health systems serving the most vulnerable, bottom of the pyramid market, can learn from social enterprises that make challenging markets work better. Yasmin Madan, global marketing director at Population Services International (PSI), explains in an interview with Lizzie Cohen, that adapting the model of a social enterprise can ensure a more sustainable health system that continues beyond donor funding. She says, 'Any successful business has the consumer right at the center as its main audience and it generates value for the consumer as well as the market.' According to Ms. Madan, 'Social enterprises by addressing failures, by putting consumers at the center, by generating value, are strengthening health systems, or put simply - making markets work better.' Read on...

devex: The evolution of health systems - Service providers as social enterprise
Authors: Lizzie Cohen, Jacques Jimeno, Julie Espinosa

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Mohammad Anas Wahaj | 29 oct 2016

Conflicts and wars, apart from taking human lives, causing destruction and displacing ordinary people, also disturbs affected children's educational future and creates regional human resources imbalances. The ongoing Syrian Civil War has led to an estimated quarter-million young people getting deprived of college education. Gordon Brown, former Prime Minister of UK and currently UN Special Envoy for Global Education, explains collaborative role of charities, philanthropists and nonprofit foundations to overcome educational deprivation of displaced students. He advocates the need of realizing the potential of social enterprises to fill the gaps in global education. He says, 'With 260 million children not in school worldwide, education needs more champions to match the enthusiasm of advocates in, say, the global-health and environmental movements. There is more room for innovation in education than in any other international-development sector, especially as digital technologies and the Internet become more accessible even in the world's poorest regions.' He shares how Catalyst Trust for Universal Education, an education focused social entperise founded by former New York University President John Sexton, is helping out in global education efforts. Catalyst Trust participates in PEER (Platform for Education in Emergencies Response) project intended to connect college-ready Syrian refugees with refugee-ready colleges. Explaining the future of PEER project, he comments, 'In time, PEER will serve as a conduit to higher education for displaced students worldwide, and it will cater to all education levels, by providing web-based information, points of contact, and much-needed counseling and support.' He advocates support to social startups like Catalyst Trust, that are working on various aspects of education globally. He encourages education reformers to learn from pioneering work of Sir Ronald Cohen on social-impact investing. He cites some specific pilot projects that individuals and organizations can support to make a difference in education - help refugee students in their education; human-rights education to determine how school curricula can best cultivate inter-faith understanding; help the two million students who are blind or visually impaired, and whose educational needs have long been neglected. With new technology, we can now leapfrog the 150-year-old braille system and instantly render text into audio recordings, making all types of learning materials accessible to the visually impaired. Mr. Brown concludes, 'For anyone who cares about education, our task is clear: to furnish millions of poor people, especially in the remotest parts of the world, with the innovations they need to transform and improve their lives through learning. As the Catalyst Trust intends to show, a little social enterprise goes a long way.' Read on...

Project Syndicate: Education Needs Social Enterprise
Author: Gordon Brown

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Mohammad Anas Wahaj | 30 sep 2016

According to the first experts' poll conducted by Thomson Reuters Foundation (poll2016.trust.org), in partnership with Deutsche Bank, the Global Social Entrepreneurship Network (GSEN) and UnLtd, the top nations for social entrepreneurs are - (1) United States (2) Canada (3) United Kingdom (4) Singapore (5) Israel (6) Chile (7) South Korea (8) Hong Kong (9) Malaysia (10) France. The poll included survey of about 900 social enterprise experts (social entrepreneurs, academics, investors, policy-makers and support networks) in the world's 45 biggest economies. 85% of the experts said the number of social entrepreneurs finding ways of combining business with social purpose was growing although there is little data tracking the sector. According to Natalia Oberti Noguera, founder of Pipeline Angels (US), 'If someone's interested in financial return on investment, that's not a good fit. We're about so much more. We're about doing good, we're about doing well.' Nearly 60% of the experts surveyed cited three major challenges in the growing sector - people do not know what social entrepreneurs do, which makes raising funds difficult and selling to governments is an uphill struggle. Anne Katrine Heje Larsen, founder and CEO of KPH (Denmark), says, 'There are still too many people who view social entrepreneurs as a bunch of hash-fuming utopian people in knitted sweaters. They couldn't be more wrong.' According to Ayşe Sabuncu, co-founder of Impact Hub Istanbulin (Turkey), 'People do not understand social entrepreneurs create money making businesses like any other business, and they question the philosophy of it if the entrepreneur ends up making profit.' Andy Carnahan, a Swedish social entrepreneur, says, 'A greater understanding of how for-profit businesses can be a driving force for social good would help. We need this (awareness)...among the public who don't realize how much good can be done by a for-profit business that has a social good built into its business model.' Poll found that India, Philippines and South Korea are among those where social entrepreneurs were finding it easiest to access investment. According to Prashanth Venkataramana of Essmart Global, 'A lot of people see India as an opportunity overseas, especially in America.' Bank of America's 2016 survey found that 85% of millennials were interested in having a social impact through investment. It also found that women were more interested in impact investing than men. Peetachai 'Neil' Dejkraisak of Siam Organic (Thailand) says, 'World-class social enterprises are run by women in Asia. They do a really good job balancing the social and financial objectives.' Rosemary Addis, chair of Impact Investing Australia, says, 'Individual enterprises are finding a niche and finding they can engage the market and sell their products or services. But as a sector, the concept of social enterprise and purpose-driven business has not yet got mainstream awareness. That's a job ahead to educate the public.' Read on...

Huffington Post: U.S. Is Best Country For Social Entrepreneurs - Poll
Authors: Pietro Lombardi, Ellen Wulfhorst, Pauline Askin, Nita Bhalla, Alisa Tang, Belinda Goldsmith

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Mohammad Anas Wahaj | 23 jun 2016

According to the survey by U.S. Trust (a subsidiary of Bank of America), of 684 high net worth (HNW) individuals, all with investable assets of US$ 3 million or more, there is increasing interest and activity in social impact investing, particularly among women, Millennials and Gen Xers. The survey also found the 7 out of 10 HNW Americans have more confidence in the private sector to solve social and environmental problems than the public or nonprofit sector. Moreover, another 6 in 10 believe that private capital invested in social and public programs can produce superior outcomes, all while ownership and interest in impact investing climb. Jackie VanderBrug, Managing Director of U.S. Trust, says, 'Understanding how and why individuals make impact investments is an increasingly important component of nonprofit management. I think that nonprofit executives that look at impact investing as a trend to be welcomed and embraced are going to be the ones ahead of the curve. Impact investing is not going away. It's fundamentally changing how investments are being made by individuals and fund managers. Understanding that and what it means to your donor base, constituency and board members is an important part of a nonprofit executive's job.' The survey report also finds that, environmental protection and sustainability is the issue that matters most to HNW investors, followed by healthcare equality and access; disease prevention, treatment and cure; access to education; and assistance for veterans. Ms. VanderBrug further adds, 'This is not about confusing philanthropy. Our clients are extremely philanthropic and we don't think that that should stop. My experience is that most individuals who are interested in impact investing are also very philanthropic. They understand that all sectors of the economy need to work.' Read on...

The NonProfit Times: Big Donors Losing Faith In Charity To Solve Problems
Author: Andy Segedin

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