Entrepreneurship & Innovation

Mohammad Anas Wahaj | 29 nov 2024

Social enterprises bring innovative solutions to social good issues through business-like methodologies. According to the report published in April 2024 by Schwab Foundation for Social Entrepreneurship in collaboration with Bertelsmann Foundation for World Economic Forum, 'The State of Social Enterprise: A Review of Global Data 2013-2023' [Contributors to the report: François Bonnici (Director, Schwab Foundation for Social Entrepreneurship & Head of Foundations, World Economic Forum, Switzerland); Veerle Klijn (Policy Lead, Global Alliance for Social Entrepreneurship, Schwab Foundation, Netherlands); Daniel Nowack (Head, Global Alliance for Social Entrepreneurship, Schwab Foundation, Switzerland); Tiffany Bennett (Research Manager, Euclid Network, Netherlands); Dan Gregory (Associate Director, Social Enterprise UK, United Kingdom)], provides a comprehensive synthesis of the global state of social enterprise, using data from more than 80 countries gathered between 2013 and 2023. It aims to inform policy-makers and business leaders about the underestimated contribution of social enterprise towards global GDP, employment and the Sustainable Development Goals. In the foreword of the report, Hilde Schwab (Chairperson and Co-Founder, Schwab Foundation for Social Entrepreneurship) and Brigitte Mohn (Member of the Executive Board, Bertelsmann Stiftung), say, 'As social enterprises gain momentum worldwide, the need for reliable data increases. Since 2013, a range of actors have been gathering data in more than 80 countries. Their insights reveal that social enterprises are a significant economic force driving positive outcomes worldwide...The report highlights the power of such data and calls on governments, international organizations and the social enterprise ecosystem to invest in and coordinate for a strong data infrastructure at a global level...Social enterprises are not merely catalysts of change; they embody a fundamental shift in how businesses can tackle societal problems on a global scale. At the same time, they prioritize benefits for employees, communities and the planet alongside financial returns. They are at the forefront of the transition towards a fair, sustainable and equitable economy - the stakeholder economy.' HIGHLIGHTS OF THE REPORT: The global data indicates that there are approximately 10 million social enterprises across the world, which means they comprise more than 3% of all businesses; Social enterprise accounts for around 2% of global GDP and 3% of all businesses; They generate around US$ 2 trillion in revenue each year; They create nearly 200 million jobs; They bridge the gender gap, with one in two social enterprises worldwide led by women, compared to one in five for conventional enterprises; They deliver against all the United Nations Sustainable Development Goals (SDGs), especially those focused on health and education, climate and jobs, thereby reducing poverty and inequality; According to Statista.com, Social enterprise is larger than the US$ 1.79 trillion apparel industry and almost twice the size of the US$ 1.01 trillion advertising industry; The study reveals gaps and challenges in social enterprise data. These challenges include the availability and quality of data, the comparability of the available data and the difficulty with quantifying social and environmental value creation; Barriers faced by social enterprises include - limited access to finance, lack of public awareness and recognition, lack of government support, inadequate legal and/or fiscal framework, limited access to procurement processes. The report concludes, 'Robust data on social enterprise is critical to inform policy-makers on the design of policies and the most effective allocation of resources.' Read on...

World Economic Forum: The State of Social Enterprise: A Review of Global Data 2013-2023
Authors: François Bonnici, Veerle Klijn, Daniel Nowack, Tiffany Bennett, Dan Gregory

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Mohammad Anas Wahaj | 29 oct 2024

Artifical Intelligence (AI) has the potential to transform the solutions for social issues such as poverty, healthcare, education and environment. Nonprofit accelerator Fast Forward, under its AI for Humanity initiative, is supporting startups to develop AI-based solutions for global issues. Kevin Barenblat, co-founder of Fast Forward, says, 'Apart from early tech nonprofits like Wikipedia, Khan Academy or Mozilla, it didn't feel like there were enough examples of people who were using tech to make the world better. So our vision for the AI for Humanity initiative is to support entrepreneurs who are building and using AI to make the world better.' Startups in the Fast Forward accelerator include those that are empowering scientists in low-income countries to cure neglected diseases, reducing backlogs in Indian courts to ensure fair and speedy trials, bridging the global digital divide by bringing online learning offline, addressing early childhood education disparities in India, and providing free, virtual mental health interventions to people who need them. AI's use also bring about ethical considerations. Mr. Barenblat says, 'We often see in the for-profit world that people build these cool tools and then they try to figure out what problem they solve. But in the nonprofit space, the entrepreneurs are typically fixated on the problem - be it education, health inequity, or the climate problem - and they're slotting in AI to make their solution better. Because they're using AI for a specific use case, they can set guardrails that are appropriate for the way that they're using the AI.' He mentions challenges that nonprofit tech startups face, 'Tech startup challenges include things like getting product-market fit right, competing for resources and funding, and usually they focus on marginalized customers who are not easy to reach. So I think AI helps, but at the end of the day, they're still trying to help humans.' Read on...

Triple Pundit: How a Tech Accelerator is Leveraging Artificial Intelligence for Good
Author: Abha Malpani Naismith

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Mohammad Anas Wahaj | 24 jun 2024

Stanford alum Abdul Aleem returned to Bihar (India) during COVID-19 and in 2021 co-founded BuiltX SDC (Sustainable Design & Construction). The startup is bringing an innovative concept in India's architecture, engineering, and construction (AEC) industry by exclusively working with nonprofits to fulfil their infrastructural needs. The organization provides low-cost high-quality sustainable and environmentally-friendly design and construction to nonprofits with focus on healthcare and education sector. Mr. Aleem says, 'BuiltX is more than just a construction organization; it's a movement towards sustainable and equitable infrastructure, Our core values of empathy, integrity, and innovation drive every project we undertake. We are dedicated to building a future where every child has access to quality education and every individual can receive world-class healthcare, regardless of their financial background.' Their partnership model utilizes Integrated Project Delivery mechanism that ensures a streamlined process from start to finish, managing every detail and allowing non-profit partners to focus on their mission and impact. One of their projects is Akhand Jyoti Eye Hospital (Bihar, India), the largest eye hospital in Eastern India. Read on...

Free Press Journal: Sustainable Design & Construction: Pioneering Infrastructure For Non-Profits In India
Author: NA

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Mohammad Anas Wahaj | 22 jun 2024

Jenifer Morgan, global editions editor at Stanford Social Innovation Review (SSIR), says, 'Social innovation isn't just a Western phenomenon.' Nicholas Jackson, Editor-in-Chief of SSIR, explains and cites expamples to put forward a point that local inovation at one place can become a change agent at other places with similar issues and challenges. He tells about SSIR's international partnerships and collaborations for spread of knowledge and social research. He says, 'I encourage you to read widely and to look for solutions and inspiration everywhere, even in unlikely places.' He cites SSIR article 'Who Knows Agroforestry Best?' (Authors: Evelyn R. Nimmo; André E. B. Lacerda; Leandro Bonfim; Joel Bothello), that provides example of Brazilian nonprofit organization CEDErva (Center for the Development and Education of Traditional Erva-Mate Systems) that promotes traditional practices for tending to - and harvesting - the land, as the conventional approaches to sustainable agriculture were not working. Learning from this, other countries such as Bolivia, Laos, Nicaragua, the Democratic Republic of the Congo etc, that are rapidly losing tree cover, can adopt and adapt the CEDErva approahcs to find solutions to their own challenges. Other social innovation examples include - A New Zealand social enterprize 'Take2' is offering job training during periods of incarceration and other paths to job security as a form of rehabilitation; A global team in Czech Republic has brought about a new life for old brick and other building materials, which are being turned into 'green concrete' and used in the development of sustainable architecture. Read on...

Stanford Social Innovation Review: Social Innovation Isn't Just a Western Phenomenon
Author: Nicholas Jackson

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Mohammad Anas Wahaj | 28 dec 2023

Social entrepreneurs leverage technology and innovation to solve societal issues and are often for-profit ventures. Bill Drayton founded Ashoka in 1980 and is considered as the 'father of social entrepreneurship'. Social entrepreneurship ecosystem is growing through socially responsible investing, conscious sonsumerism, corporate social responsibility (CSR), environment concerns, responsible governance etc. Following is the list of 10 most successful social entrepreneurs - (1) Bill Drayton, founder and CEO of Ashoka, is a pioneer of social entrepreneurship and also serves as chair of the board for Get America Working! and Youth Venture. (2) Rachel Brathen, yoga teacher, author of 'Yoga Girl' and founder of yoga studio called Island Yoga Aruba in Caribbean and oneOeight.tv, provides health, yoga and meditation services and is one of the top social media influencers in fitness. (3) Shiza Shahid, co-founder and promoter of Malala Fund, manages operations and efforts of Mala Yousafzai that focus on gender equality, women empowerment and girl education. (4) Blake Mycoskie is the founder of TOMS Shoes that donates one pair of shoes for every one sold by their organization and raises awareness on issues like global poverty and health. TOMS has donated 100 million pairs of shoes as of 2020. (5) Scott Harrison founded Charity: Water in 2006 that works on providing clean water to people in developing nations and funds projects like building wells and sanitation facilities. He is the author of the book 'Thirst: A Story of Redemption, Compassion, and a Mission to Bring Clean Water to the World.' (6) Muhammad Yunus founded Grameen Bank in 1983 and popularized the concepts of microfinance and microcredit. He was awarded Nobel Prize in 2006. Grameen Bank provides funding to villagers to bring them out of poverty and as of May 2022, 90% of its about nine million borrowers are women. (7) Jeffrey Hollender is a consultant, speaker, activist for CSR and author of several books including 'How to Make the World a Better Place'. He is co-founder and CEO of Hollender Sustainable Brands and former CEO and co-founder of Seventh Generation, a popular business for natural products. (8) Xavier Helgesen, Christopher 'Kreece' Fuchs, and Jeff Kurtzman are co-founders of Better World Books , an online bookstore that funds global literacy. (9) Marc Koska introduced a non-reusable, inexpensive syringe that can be used in underfunded clinics. He founded SafePoint Trust in 2006, which delivered four billion safe injections in 40 countries via his auto-disable syringes. (10) Sanjit 'Bunker' Roy founded Barefoot College in 1972, that is a solar-powered college for the poor. Read on...

Investopedia: The 10 Most Successful Social Entrepreneurs
Authors: Shoshanna Delventhal, David Kindness, Jiwon Ma

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Mohammad Anas Wahaj | 30 may 2023

Collaborations between philanthropic community (nonprofits, NGOs, social enterprises etc) and science & technology leaders and organizations can help solve some pressing problems that world is facing like hunger, poverty, disceases, climate change etc. Here are four ways this collaboration is trying to bring necessary change - (1) Fighting 'Legacy' Diseases in Low- and Middle-Income Countries: Example - Bill and Melinda Gates Medical Research Institute (Gates MRI) recently partnered with Calibr, a division of Scripps Research, to study and potentially commercialize a compound that may improve upon current TB treatments. (2) Recruiting Gamers to Advance Medicine: Example - Scientists at Dotmatics, an R&D software development firm that partners with research universities like MIT and the University of Oxford, worked with gaming companies to develop an online video game that recruited thousands of willing 'citizen scientists' to analyze cellular-level changes in patients with COVID-19 and other diseases of the immune system. This took just days instead of weeks and provided reams of data that will be used to make softwares work even faster in future. (3) Growing Sustainable Food Solutions: Example - Good Food Institute (GFI) in partnership with alternative protein developers like Fishtown Seafood and UPSIDE Foods and many others, is working to commercialize and scale cultivated or plant-based meat products and as a result reduce global greenhouse emissions related to agricultural activities and meat production. (4) Electrifying Transportation in Latin America: Example - The Green Climate Fund, a major funder of low-carbon solutions, is partnering with local governments and other stakeholders across Latin America in a large-scale effort to speed the region's transition to EVs (Electric Vehicles). Read on...

Forbes: 4 Ways Technology And Philanthropy Are Supporting Innovation
Author: Serenity Gibbons

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Mohammad Anas Wahaj | 29 apr 2023

Even though India is on a development and growth path, but there are areas that require special attention particularly the social issues like poverty, unemployment, gender inequality, and environmental degradation. According to the Lancet study 'Progress on Sustainable Development Goal (SDG) indicators in 707 districts of India: A quantitative mid-line assessment using the National Family Health Surveys, 2016 and 2021' (Authors: S.V. Subramanian of Harvard University, Mayanka Ambade of Laxmi Mittal and Family South Asia Institute India, Akhil Kumar of Harvard University, Hyejun Chi of Korea University, William Joe of Institute of Economic Growth India, Sunil Rajpal of Korea University, Rockli Kim of Korea University), India is not on-target for 19 of the 33 SDGs indicators. The critical off-target indicators include access to basic services, wasting and overweight children, anaemia, child marriage, partner violence, tobacco use, and modern contraceptive use. For these indicators, more than 75% of the districts were off-target. Because of a worsening trend observed between 2016 and 2021, and assuming no course correction occurs, many districts will never meet the targets on the SDGs even well after 2030. Abhishek Dubey, founder and CEO of Muskaan Dreams, suggests that India needs more social impact entrepreneurs to make a positive difference in society. Social entrepreneurs are capable to put their talent and energy for social causes that they value along with generating revenue and profits. The are well suited to contribute effectively to India's growth story for following reasons - (1) Tackling social problems at scale (2) Promoting inclusive growth (3) Solving environmental challenges (4) Innovating for social impact (5) Bridging the gap between the public and private sectors (6) Creating sustainable ventures. Read on...

Forbes: Why India needs more social entrepreneurs
Author: Abhishek Dubey

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Mohammad Anas Wahaj | 30 nov 2022

Asian Impact Leaders Network (AILN), launched by Asian Venture Philanthropy Network (AVPN) in partnership with Rockefeller Foundation, intends to highlight the efforts and contributions of Asia's social leaders (social innovators, investors and policy makers). As G20 was recently hosted in Indonesia and next turn would be of India in 2023, Asian social impact leaders too require a place at global stage providing solutions to world problems. Tamara Abed, AILN member and MD of BRAC, is one such exemplary leader making an impact through Bangladesh Rural Advancement Committee (BRAC), world's largest NGO. It was founded in 1972 by Fazle Hasan Abed with a mission to empower people and communities in situations of poverty, illiteracy, disease and social injustice. BRAC launched its social enterprise Aarong in 1978 that sells products made by women and other artisans in rural areas and has become an upmarket fashion brand. BRAC Enterprises now has 10 social enterprises in its portfolio, ranging from agriculture and farming to retail and craft making. Ms. Abed started her career with Aarong in 2002 after graduating from Columbia Business School and working for a short period in investmenet banking in New York. She says, 'My hope is that with all of the things the world is going through, there's a collective realisation amongst leaders that more of the same isn't going to take us to the future, that we really need to rethink, re-strategise and re-prioritise, and redo allocations in our budgets for what's important to people - like health and education for example.' Talking about the value of AILN, she says, 'I'm excited about the Asian Impact Leaders Network because it's a good place to network with impact leaders in the region, and see what kind of opportunities and collaborations are possible. It opens up doors and it's also good to know what others are doing. It gives ideas for what can be done. It's a great way to meet, interact, network and collaborate and look at possible opportunities to collaborate.' Read on...

Pioneers Post: The Asian Impact Leaders profiles: Tamara Abed
Author: Laura Joffre

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Mohammad Anas Wahaj | 21 sep 2022

Technology startups have different sets of thought and work processes that differentiate them from the ways of traditional corporations. They often work with tight budgets and keep a high focus on fulfilling customer needs. They work with an out-of-the-box solution approach. Many times nonprofits work in the same environment and face similar challenges. 15 Forbes Nonprofit Council members suggest ways through which nonprofits can adopt 'tech startup mentality' to better serve their communities - (1) Dominic Kalms, B Generous: Have an agile mindset. (2) Kimberly Lewis, Goodwill Industries of East Texas, Inc.: Do your due diligence. (3) Gloria Horsley, Open to Hope: Assess the user experience. (4) Jennifer Hill, Refugee Protection International: Be ready to wear multiple hats. (5) Christopher Dipnarine, 4MyCiTy Inc: Create a flexible work environment. (6) Deidre Lind, Mayor's Fund for Los Angeles: Prioritize your staff's needs. (7) Sepideh Nasiri, Women Of MENA In Technology: Pay your staff well. (8) Jono Anzalone, The Climate Initiative: Embrace failure. (9) Pablo Listingart, ComIT: Understand how society is being impacted. (10) Jennifer Thompson, National Association of Social Workers New Jersey/Delaware: Take risks. (11) Albert L. Reyes, Buckner International: Lean on your team's rookiness. (12) Victoria Burkhart, The More Than Giving Company: Make technological investments after careful thought. (13) Jesse Bethke Gomez, Metropolitan Center for Independent Living: Commit to lifelong learning. (14) Betsy Chapin Taylor, FAHP, Accordant: Let go of past traditions. (15) Jose Luis Castro, Vital Strategies: Be adaptable. Read on...

Forbes: 15 Simple Ways To Adopt A 'Tech Startup Mentality' In Your Nonprofit Organization
Author: NA

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Mohammad Anas Wahaj | 25 jun 2022

Social entrepreneurship provides opportunity to do business along with social good. There are some qualities that are inherent to being a social entrepreneur - (1) Think Outside Of The Box: Creativity and teamwork to find solutions to complex social problem. (2) Build A Leadership Tribe: Nurturing leadership and continuously learning, growing and adapting to evolving social issues. (3) Use Your Personality: Good temperament and relatable personality is essential for success as social entrepreneur. (4) Fight Through The Tough Times: Persistence and winning temperament will help overcome hurdles and pushbacks. Diplomatic approach with excellent communication can help lead and convince both those support and oppose. (5) Keep That Passion: Internal spark and continuous passion is necessary to reach the goals. Prioritize passion for selective tasks can help channelize energy in the right direction for sustained success. Read on...

Entrepreneur: Social Entrepreneurship Qualities to Harness
Author: Baptiste Monnet

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Mohammad Anas Wahaj | 22 feb 2022

Social entrepreneurship can fill the gap in India's healthcare infrastructure and delivery through the combination of innovation and the spirit to do social good. Maanoj Shah, co-founder of Mission ICU, provides how social enterprises can be boon to India's healthcare infrastructure, particularly in the underserved rural and remote areas, and bring positive change through entrepreneurial spirit and the commitment to serve the community. Pandemic induced crisis highlighted the importance of social and community based efforts in healthcare system. The need is to consolidate these scattered and individual efforts through developing social enterprises. Mr. Shah suggests following ways in which social entrepreneurship could uplift India's healthcare infrastructure - (1) Devise solutions based on detailed research: Use of technology and digital solutions at the grassroots level; Conducting thorough studies to find out gaps in healthcare delivery to rural communities; Create awareness regarding hygiene and health. (2) A focus on long-term, sustainable impact on healthcare infrastructure: Social enterprises with their commitment to service to society can bring long-term sustainable impact by channeling capital and resources where healthcare facililities are scarce; Committed healthcare personnel can be deployed in rural areas and make healthcare accessible and affordable. (3) Collaborations with local partners: Working with local social service organizations and communities is essential for successful implementation of healthcare projects; By this collaboration it will be easier for social entrepreneurs to identify and understand local needs and find opportunities and create tailored solutions; Partnerships are a necessity where the resources are scarce and help efficiently utilized them for better outcomes. (4) Bridge administrative gaps to complement the public health system: Government schemes can only be successful when implemented effectively and efficiently and that's where social enterprises can contribute significantly; Social enterprises with innovative and creative focus can bridge the implementation gap and work to strengthen public healthcare system. Read on...

IndiaInfoline: How social entrepreneurship can play a role in augmenting India's healthcare infrastructure?
Author: Maanoj Shah

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Mohammad Anas Wahaj | 23 oct 2021

India's changing socio-economic scenario is urging corporates, entrepreneurs and individuals to focus on solving social problems and creating a positive social impact in lives of those who are at the bottom of the pyramid, a concept that was first propagated by C. K. Prahalad and Stuart L. Hart in their article 'The Fortune at the Bottom of the Pyramid' (Strategy+Business, 2002). It proposed that companies should innovate and also focus on the needs of those at the bottom of the pyramid. By doing so they will not only expand their markets but will also serve the marginalized communites and uplift their socio-economic conditions. According to the article 'Budget 2014: Tapping the aspirational class of India' (Shuchi Bansal; Mint, 11 Jul 2014), while presenting the budget in 2014 Late Mr. Arun Jaitley, the then Finance Minister, referred to aspirational Indians and what he called the 'neo middle class'. He said, 'India unhesitatingly desires to grow...those who have got an opportunity to emerge from the difficult challenges have become aspirational. They now want to be part of the neo middle class.' In the same article, a research study by Quantum Consumer Consulting, finds that 34% of these strata are aged between 10 and 25 years and aspires for a better life. Ravi Narayan, CEO at T-Hub, explains how this aspirational class can be an opportunity for social entrepreneurs to focus on and make a real difference in the innovation ecosystem. He says, 'It is about time social changemakers start tapping into India's aspirational class, who are tomorrow's neo-middle class. Understanding this under-served stratum is key to unlocking the potential of the Indian economy.' He provides examples of organizations from India's impact ecosystem that are making a difference. According to Mr. Narayan, 'India's strong digital infrastructure has been a gamechanger for those who want to leverage the power of technology to create a social impact on a larger scale. The growing smartphone penetration and high-speed internet connectivity in rural areas have empowered social entrepreneurs and innovators to create new models for change to accelerate social impact.' EdTech, AgriTech, healthcare and microcredit finance are critical areas where social entrepreneurs and incubators are offering inclusive and sustainable solutions to ensure the upward mobility of the marginalized class. Mentioning the best practices in social innovation in India's context, Mr. Narayan says, 'Speaking from experience, I am convinced that social innovation in the Indian context is not clearly defined by an evidence-based approach. Perhaps therein lies one of its bigger challenges. Social entrepreneurs working to create an impact on the scale have to contend with operational challenges, such as a lack of market access, besides inadequate investor connect and mentoring opportunities. Also, technologically and in terms of scale, it is difficult to solve problems in this sector as the risk factor is high for social entrepreneurs. Besides, the educated class with its worldview isn't contributing enough to the growth of this sector. Such pain points highlight the need for open innovation to solve India's most complex social problems.' He also says that maximizing inclusion is key and this cannot be attained by merely leveraging technology. There has to be a larger objective of creating a holistic inclusive social impact ecosystem. A fragmented innovation ecosystem cannot thrive in the absence of a comprehensive social innovation policy. He concludes, 'I believe that social innovators - be it individuals, social incubators, governments, corporates, academia, or startups - who put people first will help create new and exciting markets and facilitate a synergistic innovation ecosystem.' Read on...

Entrepreneur: How to Address the Yawning Gap in India's Social Impact Sector
Author: Ravi Narayan

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Mohammad Anas Wahaj | 28 may 2021

COVID-19's recent second wave in India has brought about a healthcare crisis that has never been seen before. The situation is so difficult that it requires all the possible efforts by government, private sector, social organizations, individuals etc and even then they generally fall short considering the large population size, infrastructural deficiencies and systemic inefficiencies. But in this grim scenario the spirit of social entrepreneurship is trying to bring a ray of hope and their contribution is making life of many, particularly vulnerable communities, a little easier in these hard times. Social entrepreneurs have been effective due to their on-the-ground presence and their ability to act as first responders in support of vulnerable communities. Following are the six social enterprises from the Schwab Foundation's community of social innovators that are working to save lives during current COVID-19 crisis in India - (1) Goonj NGO (Providing resources to the most vulnerable): Distributed more than 8800 tons of rations and other essential items, provided more than 362000 meals, sourced 225000 kgs of vegetables from farmers, reached out to more than 380000 families (about 1.5 million people) and produced more than 800000 face masks and more than 1200000 cloth sanitary pads. (2) SEWA - Self-Employed Women's Association (Helping women in the informal economy): Provides support to self-employed women and on behalf of its 1.7 million women workers in 18 states of India, urged the government to declare income support to all the families of the informal economy workers to tide over this crisis, issue a circular to all the states to declare a compensatory package of Rs 5000 per month to all registered workers, provide a free public distribution system for ration supply as long as the crisis lasts, and offer six months amortization on repayment of all loans.(3) Aajeevika Bureau (Providing resources to migrants): Provided relief to stranded migrant workers, daily wagers and their households to see them through this period of distress. Relief included emergency food distribution, cash transfers, health care and help to workers in distress. They also provided travel assistance to migrants attempting to return home and also facilitated the transition of those who returned to their villages. (4) Glocal Healthcare (Providing healthcare to people in remote areas): Recently launched a free telemedicine consultation for COVID-19 screenings. This can be accessed both from phone line as well as from websites and apps. The goal is to prevent panic; ensure correct screening, triage and treatment before conditions become too serious; and prevent the health infrastructure from collapsing. (5) Jan Sahas (Supporting migrant families, survivors of sexual violence and frontline workers): Within 100 days of the COVID-19 lockdown, Jan Sahas drew support from more than 30 philanthropic and private sector donors (resulted in more than US$ 2 million) and worked with 42 nonprofits across 19 states in India to address the needs of more than 1040000 migrant families, 1237 survivors of sexual violence, 12480 frontline health workers and state actors through immediate relief support. (6) Mann Deshi (Providing women with access to finance): During COVID-19 it had been working non-stop to provide relief - including providing food packages, masks and PPE kits. It also partnered with a district government to build a 300-bed COVID-19 hospital by refurbishing an old unused rural hospital and turning it into a free dedicated COVID-19 hospital. It is also working with the district administration 24/7 to provide oxygen beds, ventilators, Remdisvir and Tocilizumab to critical stage patients. Read on...

World Economic Forum: 6 ways social entrepreneurs are saving lives during India's COVID-19 crisis
Author: Pavitra Raja

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Mohammad Anas Wahaj | 26 may 2021

Social entrepreneurs are impacting the world by doing good in various fields. Here is the list of 40 social entrepreneurs that stood out and are to be followed in 2021 - (1) Ruben Harris (Founder of Career Karma): Career Karma is a member of Y Combinator's 2019 class and since then has been helping people that want to become software engineers by matching them with the right coding bootcamp and supporting them throughout their careers. (2) Robert Luo (Founder of Mi Terro): Mi Terro is a biotechnology company that reengineers leftover milk into sustainable fibers that can replace plastic in the fashion, medical and packaging industries. (3) Tiila Abbitt (Founder of Aether Beauty): Aether Beauty is a cosmetics and beauty products company with focus on clean organic cosmetics and sustainable packaging promoting zero waste concept. (4) Bonnie Gringer (Founder of Sharethelovely): Sharethelovely is reimagining wedding shopping through a multi-sided resale marketplace providing consumers and the bridal industry sustainable products and services for fairytale weddings at a fraction of the cost. Through an online concierge resale model with an offline 'try-before-you-buy” shopping option, it is bridging the online and offline shopping experience critical to brides. (5) Topaz Smith (Founder of EN-NOBLE): EN-NOBLE, by using an international network of independent travel suppliers, offers customers the opportunity to experience local cultures, safe in the knowledge that their money is also strengthening those communities: the company pledges 1% of its revenue will be be reinvested with local partners. (6) Quinn Fitzgerald and Sara Dickhaus de Zarraga (Founders of Flare): Flare makes beautifully designed, modern safety jewelry that empowers wearers to get out of uncomfortable situations at the push of a button. Each piece of jewelry has a hidden button that triggers text messages and GPS tracking to friends, a pre-recorded call to your phone, or even connecting with the police. (7) Brendan Brazier and Mark McTavish (Founders of Pulp Culture): Pulp Culture is a healthy alcohol brand that blends alcoholic beverages that use 100% raw, fresh juices that naturally ferment over three months. Called 'wild fermentation', the result is a zero-additive, zero-sugar, bone-dry beverage with 6 billion naturally-occurring probiotics, B vitamins, and 4.9% ABV. (8) Dinesh Tadpalli (Founder of incrEDIBLE): incrEDIBLE is the first company to mass-produce edible cutlery and help alleviate waste from 100 million plastic utensils used every day in America. (9) Alexandre Koiransky (Founder of FAIR): FAIR is a spirit brand on a mission to support farmers in developing economies for the last decade. When you buy Fairtrade certified spirits, it makes sure that workers who grow the crops are paid a fair price. Fairtrade standards promote direct and meaningful impact within key Sustainable Development Goals (SDGs) areas. (10) Shireen Jaffer (Founder of Edvo): Edvo is a venture-backed startup in Los Angeles that empowers people with the tools to think better and live better. It provide the tools for a life full of meaningful learning, critical thinking, and better results. (11) Maya Mutalik (Founder of Hope Sews): Hope Sews is an impact-driven fashion brand that creates contemporary clothing made from artisanal fabrics from around the world and provides women entrepreneurs in developing communities with the resources they need to grow their businesses. (12) Garik Himebaugh (Eco-Stylist): Eco-Stylist is an online marketplace for eco-conscious and ethically made men's clothing. Everything at Eco-Stylist is eco-friendly, socially responsible, and ethically sourced. At Eco-Stylist all ethical and sustainable brands are first researched with Remake’s sustainable brand criteria. (13) Laura Alexander and Liza Moiseeva (Founder of Brightly): The Brightly platform focuses on brand + product recommendations, actionable + research content, and authentic community connections to empower people to make a difference for the planet. (14) Abdullah Choudhry (Co-founder of Arbor): Arbor is a platform that brings conscious information to consumers at the forefront of purchasing. Arbor helps users patronize companies that align with their values. (15) David Simnick and Daniel Doll (Founders of Soapbox): Soapbox is a company whose mission is to empower customers with the ability to change the world through everyday, quality purchases. For every product sold, the company gives back through bar soaps, health, and hygiene initiatives in communities both domestically and around the globe. (16) Julia Pennington and Allison Lange (Founder of Hera The Dog Vodka): Hera The Dog Vodka is crafted from 100% organic wheat non-GMO distilled 7 times slow-filtered using gravity through walnut husk carbon distilled. The founders have devised a more sustainable way to raise funds for animals in need and to help these driven, boots on the ground rescue organizations. When they formed the benefit corporation, Animal Spirits, they also created the Animal Spirits Foundation as a separate non-profit entity. A percentage of the funds raised through the sale of Animal Spirits’ products will be donated to the Animal Spirits Foundation to help support rescue groups, sanctuaries and individuals needing help with their four-legged family member through financial grants. (17) Spencer Arnold and Tim Hollinger (Founders of Bathing Culture): Bathing Culture is designed for the adventurous, the design-driven, and the sustainably-minded. Featuring everything that bathing ritual needs, the collection is highlighted by its hero product, the Mind and Body Wash - an organic, biodegradable, all-purpose and concentrated soap. They use plastic bottles made from 100% pre-existing recycled material. (18) Adila Coker (Founder of The Good Tee & Source My Garment): 'Source My Garment' is an essential book written on how to responsibly offshore manufacturing. The Good Tee's mission is to make it easier for any size brand to sell responsibly made products. The Good Tee is a collection of sustainable basics which are a blank canvas for brands to print on. The Good Tee champions responsible manufacturing - slower production schedules, ethical working conditions, and fair deals for all. It has a Fairtrade certification. (19) Kathy Hannun (Co-founder of Dandelion Energy): Dandelion Energy is the largest residential geothermal company in the US. Dandelion transitions homeowners from fossil-fueled to geothermal heating and cooling using their custom geothermal drilling suite and Dandelion Air heat pump. (20) Paul Shapiro (Founder of Better Meat Co.): The Better Meat Co. is creating the future of food sustainability through technology and cellular agriculture. He is the author of the national bestseller 'Clean Meat: How Growing Meat Without Animals Will Revolutionize Dinner and the World'. (21) Dr. Lydiah Kemunto Bosire (Founder of 8B Education Investments): 8B Education Investments is a fin-tech company that aims to facilitate affordable financing to African students in leading global universities. (22) Jonny Crowder (Founder of Cope Notes): Cope Notes sends daily mental health support via text message to the subscriber in order to help train their brain to combat negativity, stress, anxiety, anger, and doubt. All the texts are written by peer support advocates, so these are people with lived experience with hardship or trauma, illness, and loss. (23) Chami Akmeemana (Founder of Blockchain Learning Group and Convergence): Convergence has successfully deployed several blockchain projects in the developing world to connect individuals to simple human rights and create new businesses in areas never thought possible. (24) Priya Prakash (Founder of HealthSetGo): HealthSetGo integrates technology and health care to empower parents, schools, and governments to make data-driven decisions to improve the health and lives of children. (25) Roberto Milk (Co-founder of NOVICA): NOVICA is a marketplace for artisans and features the work of more than 20000 artisans for sale, improving the economic prospects of artists in some of the world's most remote areas. Showcasing their products on NOVICA, offers artisans fair prices, no binding contracts and the freedom to make a success of their craft by building a sustainable business. NOVICA also gives artisans access to no interest microcredit loans that help build their businesses. NOVICA has empowered global artisans through greater access to international customers, freedom to set their own prices, and the ability to focus on their craft, creating a visible and profound impact on the communities around them. (26) Ryan Shearman (Co-founder of Aether Diamonds): Aether is a public benefit corporation that extracts harmful CO2 from the atmosphere and transforms it into valuable raw materials and consumer products. (27) Lucy Ashman (Founder of Tierra & Lava): Tierra & Lava produces skincare products using only purest form of ingredients (aka just whole plants and minerals). It now offers over 70 natural products with no fillers and only natural preservatives. (28) Matt McPheely (Partner of Chapel): Chapel is a 43000 sq ft office, event, and restaurant space in the heart of a mill village community with a mission of changing the way real estate projects are financed, built, and operated, as a force for good in the neighborhoods. Working with the community is the focus and will include job training, investment into local entrepreneurs, providing a safe space for kids, and offering our flex space as a resource for the neighborhood. (29) Chad Hickey (Founder of Givsly): Givsly is a for-purpose company built around the belief that as the world around us evolves, so should our options to create social impact. Givsly turns business meetings into opportunities to support the favorite nonprofits. Givsly platform introduces a portfolio of ways for professionals to give back, while doing business. (30) Ian Rosenberger (Founder First Mile and Day Owl): First Mile has redirected over 96 Million plastic bottles from landfills and the ocean and transformed them into consumer goods for global brands trying to find value in authenticity, transparency, and responsibility. Day Owl is a direct-to-consumer brand that has created a backpack out of First Mile materials that the team feels will prepare everyone to take on the world. (31) Yasmin Grigaliunas (Co-founder of World's Biggest Garage Sale): World's Biggest Garage Sale is activating the circular economy and resource recovery of dormant goods for good, powered by purpose to provide meaningful employment and pathways for disadvantaged youth. (32) Christian Shearer (Co-founder of Regen Network): Regen Network is an ecological agreements platform working to accelerate the adoption of Regenerative Agriculture. The platform is serving to align economics with ecology to drive regenerative land management. (33) Reese Fernandez-Ruiz (Co-founder of Rags2Riches): Rags2Riches's (R2R) focus is on community sourcing, community-based weaving, and sustainable market access. In addition to providing a sustainable livelihood for partner community artisans, R2R has also co-developed an artisan academy, a savings and micro-insurance program, and opportunities for full-time employment. (34) Margaret Andriassian (Founder of Life Originelle): Life Originelle is a shopping platform where women can shop from beautiful small businesses, and support a cause, all in one transaction. As an impact based shopping website, Life Originelle donates 10% of their proceeds from each order to their cause of the season. Read on...

CauseArtist: 40 Social Entrepreneurs to Watch for in 2021
Author: NA

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Mohammad Anas Wahaj | 31 dec 2020

Social enterprises have been part of the Indian social sector ecosystem for a long time, albeit not in the theoretically and legally defined framework that exists now. According to the study, 'The State of Social Enterprise in Bangladesh, Ghana, India and Pakistan' (British Council, 2016), led by Emily Darko, Director of Research at Social Enterprise UK (SEUK), there are roughly 2 million social enterprises operating in India. The study based on a survey of 258 social enterprises found a young social enterprise scene with 57% being 5 years old or younger. Moreover, these social enterprises work in many sectors - skills development (53%); education (30%); agriculture/fisheries/dairy (28%); financial services (26%); energy and clean technology (26%). From the surveyed social enterprises, 80% reinvest to further social or environmental goals, and they have supported a total of 150 million beneficiaries over their lifetime. The report found a total of 39 central government policies relevant to social enterprise and entrepreneurship. A notable policy with a specific mention of social enterprises was the 'National Skill and Entrepreneurship Policy' announced on 15 July 2015 by the Ministry of Skills and Entrepreneurship. The policy includes a section on social enterprises that aims to foster social entrepreneurship and grassroots innovation. The research study, 'Social Enterprises in the Indian Context: Conceptualizing through Qualitative Lens' (Journal of Global Entrepreneurship Research, Springer Open, 15 jan 2018) (Authors: Subhanjan Sengupta of Birla Institute of Management Technology, Arunaditya Sahay of Birla Institute of Management Technology), researches the meaning of the 'social enterprise' construct in the Indian context, and develops a conceptual framework that represents the construct. The purpose of this empirical study is to develop orientation needed for aspiring social entrepreneurs and social entrepreneurship researchers to familiarize with 'social enterprise' phenomenon in India. Authors explains, 'India is a country with socio-economic and cultural diversity, and a very high population. The country offers no legal definition for social enterprises. The ecosystem of social entrepreneurship in India is created by different organizations and universities/institutes advocating, promoting, and supporting social enterprises. Multiple stakeholders such as these have formulated their own meaning of social entrepreneurship in India; their work being influenced by the social, economic, and cultural diversity across the geographical length and breadth of the country, and the regulatory frameworks of the state and central governments...The key constructs that emerged to be clustering together to form the concept of social entrepreneurship in the Indian context are social value creation, market orientation, social entrepreneur, and balanced impact.' Recently, an India focused book on social enterpreneurship, 'Social Entrepreneurship in India: Quarter Idealism and a Pound of Pragmatism', is authored by Madhukar Shukla who is a Professor of Strategic Management at XLRI Jamshedpur. The book documents rise of the social innovation movement in India, along with profiles and roadmaps. ON COVID-19 - Prof. Shukla says, 'The pandemic, and the subsequent abrupt lockdown, create an unprecedented humanitarian crisis which has still not ended...In many ways, it was also a watershed event in the civil society and social entrepreneurial space - particularly for many social entrepreneurs, who, with reference to the typology in my book, I would describe as 'Public Goods Providers'. For instance, many of the established social ventures...which were already working in the space of relief and with migrant informal sector workers, spurred up their efforts to meet this challenge. There were also many other innovative initiatives from other ventures. At a smaller and localised level, there were many initiatives taken by individuals, citizen groups, and small organizations such as helping the migrants in their journey back home, providing basic subsistence necessities like rations and sanitary pads to marginalised communities, and so on. Why I used the term 'watershed' is because what I see is that many of these efforts, which started as a response to a crisis, also brought in new talent in the sector, and many are now evolving as viable and sustainable social ventures.' ON ROLE OF ACADEMICS - Prof. Shukla says, 'Academics can and does play a useful role in the social entrepreneurship field by identifying and documenting trends, principles, and models from practice. These can help the entrepreneurs to make more informed decisions.' ON SCALING UP CHALLENGES - Prof. Shukla says, 'When organizations scale-up and try to replicate the model which has succeeded in one place, they have to deal with a new set of problems and challenges. They need to consider and plan for three critical challenges...One, scaling up into other locations also increases the complexity of operations...Secondly, scaling up would also need hiring new talent to manage increasingly complex operations of the venture...Lastly, there is the danger of 'mission drift'.' ON DIGITAL TECHNOLOGY - Prof. Shukla says, 'Over the last decade or so, with the increasing affordability of and access to digital technology, it has become a part of the models that are used by many social entrepreneurs. In my experience, three important ways in which it helps creating social change are Access, Aggregation, and Democratisation.' Read on...

YourStory: From start to scale: Tips for social enterprises from Madhukar Shukla, Author of 'Social Entrepreneurship in India'
Authors: Madanmohan Rao, Suman Singh

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Mohammad Anas Wahaj | 18 oct 2020

Small women-run farm collectives became a success story of self-sufficiency during COVID-19 lockdown in Tamil Nadu (India). These informal groups have been facilitated by a grassroots nonprofit 'Women's Collective' that encourages poor women, who neither own land nor are able to lease land on their own, to come together and lease land collectively to grow food. In the IndiaSpend article dated 09 sep 2019, author Shreya Raman states, 'In a country (India) where 73.2% of rural women workers are engaged in agriculture, women own only 12.8% of land holdings.' Sheelu Francis, co-founder of Women's Collective, says, 'We began with five collective farms in 2010, with the intention of helping landless single or widowed women achieve food security. With collective farming, we ensure nutrition and food security for landless women at the household level.' There are now 89 collective farms with a total of 695 members spread across Tamil Nadu. Each collective has 5-10 members. Women's Collective is responsible for training and providing agricultural know-how. Farmers utilize organic farm methods and avoid chemical fertilizers. The size of the plot determines the choice of crops the women farmers will grow. Landlord usually gets 1/3 of the harvest as rent while the members distribute the rest among themselves. Read on...

The Guardian: Fruits of shared labour: The Indian women joining forces for food security
Author: Anne Pinto-Rodrigues

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Mohammad Anas Wahaj | 29 aug 2020

COVID-19 pandemic has affected art and culture sector, and significantly impacted talent associated with it. Audrey Azoulay, Director General of UNESCO in her message on World Art Day (15 April 2020), celebrated on the birthday of Leonardo da Vinci, said, 'Bringing people together, inspiring, soothing and sharing: these are the powers of art, the importance of which has been made emphatically obvious during the COVID-19 pandemic.' The art community is adapting to the new challenges and finding innovative solutions to keep the spirit alive. The program, 'Arts and Culture Education Change-Up', a collaboration between South Korea's Ministry of Culture, Sports and Tourism, the Korea Culture and Arts Education Service and the Seokyeong University Arts Education Center, has come up with something positive during the pandemic. The program teaches and supports creative people who are interested in social entrepreneurial projects in the field of arts and culture education. Han Jeong-seop, professor and dean of the Seokyeong University Arts Education Center, says, 'If it were not for COVID-19, we might not have brought those international guest speakers or have participants from Jeju Island due to geographical factors...We wanted to showcase how overseas cultural social enterprises play a role in resolving social problems between the public and private sector.' The participants in the online interaction included representatives from STEPS (Canada-based charitable public art organization that develops one-of-a-kind public art plans, installations and engagement strategies that foster vibrant communities), and Starcatchers (Scotland-based art organization specializing in creating performances and exploring creative activities for babies, toddlers and young children up to the age of five and the adults who care for them). Anjuli Solanki, program director of the STEPS Initiative, says, 'Applying our multidisciplinary expertise, we strive to develop a strong contextual understanding of the neighborhoods and sites we are working in for all our projects. Our goal is to create iconic public works that attract widespread attention by transforming underutilized public spaces.' Bebhinn Jennings, program manager at STEPS, says, 'The pandemic has highlighted our need to connect, to be inspired and to contribute to our communities. As such, art and public art in particular are increasingly important as they offer numerous entry points for engagement. Public art can both beautify a space, and ignite dialogues around important issues such has climate change, public health and systemic inequalities - all conversations that have been active throughout the pandemic.' Rhona Matheson, chief executive of Starcatchers, says, 'We know we are not going to be able to tour any of our productions until at least spring 2021 so our focus is on providing a range of activities that parents or childcare settings can share with very young children. Retaining a connection with audiences has been very important and making the offers through our online activities has been essential. Similarly, being able to retain connection with the families who participate in our community engagement programs has been very important - this has been a means to offer support to young families who experience social and rural isolation and have been negatively impacted by COVID-19.' Lee In-kyung, an art instructor at an alternative school on Jeju Island, says, 'If it were not operated online, it would be very difficult and time-consuming for me to participate in a training program held in Seoul. Now I can communicate with other social entrepreneurs while on Jeju...We made environmental picture books and tried junk art, campaigning for environment. I realized that students could learn better through empirical art education.' She developed such experiences into an idea for a social enterprise, aiming to support teenagers to cultivate creativity, problem-solving skills and empathic abilities. Kim Soo-jung, CEO of Open Your Arts and in the second year of Change-Up program, says, 'I wanted to provide sustainable art education for socially disadvantaged children, but it was impossible to solve the problem as a volunteer. So I came up with this art educational kit developed in collaboration with artists...Their (Starcatchers and STEPS) business model is not based nor suitable for online, but it was interesting to see the possibility of online platforms, transcending physical or regional limitations.' Read on...

The Korea Times: Social enterprise bridges art, community amid pandemic
Author: Kwon Mee-yoo

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Mohammad Anas Wahaj | 31 may 2020

During Covid-19 related lockdown many countries faced issues related to providing food to where it is needed the most. There were huge challenges in food distribution and logistics from farms to markets to homes. In many cases farmers had to dump their produce due to the broken supply chain. Moreover, farmers lacked the resources to transport their produce themselves as markets were unwilling to buy that at reasonable price. Amid all this, in Philippines, one social enterprise led by Cherrie Atilano has found a way to get food from farms to consumers and enabled farmers sell their produce that otherwise would have been wasted. Agrea, her social enterprise, in normal times intended to end rural poverty by helping farmers move from subsistence to small-scale commercial farming. But, during pandemic crisis farmers and the food distribution networks collapsed, so Ms. Atilano started #MoveFoodInitiative to overcome the produce dumping by farmers. She used her extensive network to appeal to private truck owners to help ship the food to consumers in towns, villages and the capital. In addition to moving fruits from farmers to families, the initiative is also donating food to community kitchens set up to feed frontline medical staff treating people with coronavirus. 'Movers', as the workers associated with the project are called, have created impromptu community fresh food markets at various locations. Ms. Atilano also plans to encourage the development of urban farms and says, 'It is time to learn how to produce food near to you. This is the new normal that we need to prepare for.' Dom Hernandez, COO of Philippine fast food chain Potato Corner, is another entrepreneur helping to get food from farms to urban consumers. He has set up a scheme to allow farmers in his home province of Benguet to sell directly to consumers through the use of social media and his family owned bus network. Read on...

World Economic Forum: This entrepreneur is helping farmers get food to consumers during lockdown
Author: Douglas Broom

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Mohammad Anas Wahaj | 28 mar 2020

According to the Global Entrepreneurship Monitor's (GEM) 2019-20 Global Report, more than 40% of entrepreneurs in 35 of 50 countries agree or strongly agree that their motivations to launch a business are to make a difference in the world. Fifty economies participated in the GEM 2019 Adult Population Survey (APS) and more than 150000 individuals took part in extended interviews as part of the research. Entrepreneurs are trying to blend profits with social good and environmental sustainability, giving rise to innovative business models. In 2006 a company called TOMS popularized social entrepreneurship with a 'One For One Model' to provide a free pair of shoes to someone in need for every pair purchased. Jake Strom, co-founder of TOMS, now invests in and consults companies that intend to incorporate social business models into their existing businesses. He termed this as 'Profit + Purpose Model' that encourages for-profit ventures with deeply woven social benefits. Following are key takeaways from this approach - (1) Create Evangelists, not Customers: Company's story is key branding element. Emphasize the social good aspect to inspire customers to become brand champions. It eventually becomes a competitive advantage. (2) Popular Perception Has Shifted: The idea that a for-profit business could do well and do good at the same time has become substantially acceptable. Profit + Purpose model will further grow in future. (3) Purpose-Driven Brands Can't Take Shortcuts: Effective business planning is essential. Do whatever is needed to provide best products and services and work to gain profits. Purpose would provide added motivation. (4) Think Long-Term: Balance the demands of Profit vs. Purpose. Making a sincere effort to put people, planet and long-term sustainability before short-term gains. (5) There is Never a Perfect Timing: The great idea to do good shouldn't wait. Start with whatever knowledge, resources and expertise is available. Keep learning, growing and evolving along the way. Scale-up when the concept is proven in the market. Read on...

Entrepreneur: 5 Takeaways From an Entrepreneur's Profit + Purpose Social Business Model
Author: Jared Polites

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Mohammad Anas Wahaj | 09 mar 2020

Empowering women and girls in rural India is a necessity that can't be ignored. Initiative taken by Gurdev Kaur Deol of Ludhiana (Punjab, India) is trying to achieve it by a self-help group (SHG). She is marketing their produce through Farmer Producer Organisations (FPOs) and making them self-reliant with sizeable income. There are other nonprofits that are transforming lives of women and their families by engaging in various ways. Ms. Kaur says, 'Initially, I formed SHGs involving 15 rural women...Later, I made 'Global Self-Help Group FPO' which is now engaged in production, manufacturing, processing and marketing of food processing items such as pickles, squash, honey besides staples. Currently, we have 300 farmers with 50% of them being women.' Deepika Sindhwani, president of NGO Mahila Kalyan Samiti, says, 'These rural women are talented and need guidance. We have formed 350 SHGs...We have imparted them training in phulkari, jute bags and food processing.' National Bank for Agriculture and Rural Development (NABARD) is also assisting through SHG Bank Linkage Programme by providing credit, skills and micro entrepreneurship development training. J. P. S. Bindra of NABARD says, 'During the past one decade, we have also started forming Farmer Producer Organisations (FPOs) to increase farmers' income. A few of our FPOs have successful women farmers.' Read on...

The Tribune: Self-help groups empowering rural women in Punjab
Author: Vijay C. Roy

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Mohammad Anas Wahaj | 25 dec 2019

Social enterprises can become an important pillar of Indian economy just like corporations and businesses. India has more than two million social enterprises that include nonprofits, for-profits and hybrid models. According to a McKinsey study, 'impact investors' in India poured a total of US$ 5.2 billion between 2010 and 2016, with substantial focus on sectors like financial inclusion and clean energy. A survey conducted by Brookings India found that 57% of the social enterprises identify access to debt and equity as a barrier to growth and sustainability. In the budget Indian government proposed a social stock exchange (SSE) to list social enterprises and voluntary organisations. Suresh K. Krishna, MD and CEO, and Geet Kalra, portfolio associate, at Yunus Social Business Fund, explain what benefits this social stock exchange will bring to the social enterprise ecosystem and suggest that careful planning is needed in designing it. They explain, 'SEBI (Securities and Exchange Board of India) set up its working committee on SSEs on September 19, however, many experts have already proposed distilling learnings from those of other countries. Some of these exchanges are either information sites, like in the case of the London Stock Exchange, or list nonprofit projects only. Canada's Social Venture Connexion (SVC) and Singapore's Impact Investment exchange are more advanced in terms of accreditation, valuation and monitoring, whereas the Brazilian model didn't use such valuations at all. While formulating a similar product for India, we need to have an extensive as well as 'cautious' approach. There is no consensus in the wider social impact community about what is and isn't a social enterprise, therefore the definition itself first needs more objectivity...Once we have a shared frame of reference in place, we can design impact valuation parameters for social enterprises based on social and environmental mission, target beneficiaries, service delivery, stakeholder involvement, and impact measurement.' SSE listing will provide visibility to social enterprises and assist in attracting funds in the form of private equity and debt. Listing debt products on the SSE would encourage banks, NBFCs (Non-Banking Financial Company) and other investors to participate in the growth of social enterprises and enhancing their impact. Moreover, SSE impact valuation will encourage development of more innovative financial products. SME exchanges operated by BSE and NSE can also provide valuable learning in effectively designing SSE. Mr. Krishna and Mr. Kalra suggest, 'For a social stock exchange to meet its intended objectives, we need to take measures such as: educating market participants about the valuation metrics weighing both on social and financial returns; amplifying the efforts of creating and supporting social businesses; bringing policy and regulatory reforms to support investors, and facilitating research and development for small social enterprises.' Read on...

The Hindu: A social stock exchange will help in raising capital
Authors: Suresh K. Krishna, Geet Kalra

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Mohammad Anas Wahaj | 13 aug 2019

Social enterprises tackle societal and environmental issues utilizing business concepts for the larger interest of the society and reinvest profits back to sustain themselves. They support in building inclusive economy. According to the most recent statistics, there are around 5600 social enterprises in Scotland with an economic contribution of around £2 billion, ranging from community co-operatives to housing associations, enterprising charities and more. Duncan Thorp, policy and communications manager at Social Enterprise Scotland, explains how social enterprises are contributing to Scotland's economy and advocates collaborations between them and private sector for greater economic and social benefits. He explains why engaging social enterprises with private sector is win-win - 'Firstly, social failure is bad for business. Unemployment, homelessness, drug addiction and other issues negatively impact on businesses. People without work and opportunity don't have money to spend on goods and services. Social enterprises work at the frontline to solve these social problems. Private sector businesses should also engage with social enterprises because they bring real benefit in terms of opening up new markets and new business opportunities. Joint bids for public contracts and similar partnership working are options too. Businesses can contract social enterprises into their supply chains. This could be a catering contract, graphic design, meeting space hire or something else. It's also about private sector employees volunteering in social enterprises, in a skills exchange, for learning and personal development.' He advocates three key areas of partnership work - consumer demand, supply chains and contracting and procurement. He suggests that building mutually beneficial relationships between social enterprises and private sector businesses paves the way for knowledge exchange, positively influencing business culture and build an economy that benefits all. Read on...

The Scotsman: Social enterprise is good for business - Duncan Thorp
Author: Duncan Thorp

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Mohammad Anas Wahaj | 30 jun 2019

According to 'Annual Status of Education Report (Aser) 2017' by nonprofit Pratham, about 42% of rural youth between the ages of 14 and 18 were employed in January 2018, despite going to school. Among these, 79% were working in agriculture, while at the same time only 1.2% of the youth surveyed wanted to become farmers. India's rural population residing in about 600000 villages has not benefited substantially from economic growth and opportunities are limited, resulting in large migration of youth to urban areas in search for greener pastures. But, they are not well equipped in terms of education and skills, to compete in a challenging urban environment to avail better opportunities and respectable lifestyle. Education, coupled with skill development, is the key to bring them at par with their urban counterparts. Ashweetha Shetty, founder of Bodhi Tree Foundation, is trying to bridge this rural-urban divide by building confidence and self-esteem among young people living in rural areas. Explaining the work of her nonprofit, Ms. Shetty says, 'Our foundation works with rural youth between the ages of 17 and 23. We help them build life skills and enlighten them about opportunities. We achieve all this through intervention at our village centers. We have a residential program for girls, and we also work with district administrations on initiatives, particularly those which concern the children of sanitation workers. Most of the rural youth we help are usually first generation college goers. Bodhi Tree helps them to think about their future. These young kids have many inferiority complexes, and there is an information gap. We are trying to bridge that through our organization.' Regarding the life skills that her organization is trying to build, she says, 'We do self-development, self-awareness workshops, and provide exposure to opportunities - we help the children to discover what they want to do in life and understand their strengths and weaknesses. We enable them to develop themselves through public speaking and other skills. We also conduct workshops on resumé writing to help them achieve their goal.' Differentiating her nonprofit from skill building organizations, she says, 'Bodhi Tree is completely different from skill building organizations. We don't want to build a skill in someone and send the message that it's the only thing they can do. Skill building programs have no progression, no scope for dreaming. I feel it robs opportunities from the children. Children should have access to government jobs, schemes, internships - they should have knowledge and know what to do with it. I think that's the difference between us and skill building initiatives. Maybe our model is not working that well because we are not focused on one skill, but I think this is a conscious choice we have made where we don't tell people about what skills they can inculcate. Rather, we tell them what kind of dreams you should have, we make people realize their potential. For us, the immediate impact is more like standing up for yourself and going to college.' Read on...

Fair Observer: Helping India's Rural Youth Unlock Their Potential
Authors: Ankita Mukhopadhyay, Ashweetha Shetty

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Mohammad Anas Wahaj | 17 apr 2019

Gen Z is one of the most connected and socially aware generations to enter the workforce. But for the progress of businesses and society in the right direction, experienced leaders need to encourage young people to pursue social entrepreneurship. Seven members of Forbes Nonprofit Council provide following suggestions - (1) Rupert Scofield, FINCA International: Educate Youth About Market-Based Solutions. (2) Geetha Murali, Room to Read: Celebrate Social Impact Companies. (3) Tom Van Winkle, Hinsdale Humane Society: Befriend Socially Responsible Organizations. (4) Kimberly Lewis, Goodwill Industries of East Texas, Inc: Show Impact In Real Ways. (5) Gloria Horsley, Open to Hope: Describe The Value On Their Terms. (6) Steven Moore, M.J. Murdock Charitable Trust: Invest In Communities That Bring Entrepreneurs Together. (7) Kila Englebrook, Social Enterprise Alliance: Leverage Media And Entertainment. Read on...

Forbes: Seven Ways To Encourage Gen Z Professionals To Pursue Social Entrepreneurship
Author: NA

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Mohammad Anas Wahaj | 15 jan 2019

According to the recent report published by the British Council and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), 'Developing an Inclusive and Creative Economy: The state of social enterprise in Indonesia', millenials are leading a surge in the creation of business that are working to create positive social and environmental impact. More than 70% of a surveyed sample group mentions that the social enterprises started in the last two years and about 50% of the social entrepreneurs are aged between 25 and 34 years. The reports estimates that there are more than 342000 social enterprises in the region. In Indonesia more than 1/5th of social enterprises work in the creative industries, contrary to other countries in Aisa-Pacific region, such as the Philippines, Sri Lanka and India, where agriculture, education and health dominate. Ari Susanti, a senior program manager for the British Council in Indonesia, says, 'Many young people want to work in an area where they can make change, not just earn a salary.' According to the World Bank, Indonesia is an emerging middle-income country that, over the last 20 years, has seen growth in GDP at the same time as poverty has been cut in half. These conditions are enabling the growth of social enterprises. Armida Salsiah Alisjahbana, executive secretary of UNESCAP, says, 'UN body would support the development of social enterprise as a key means of building an inclusive and creative economy. Social enterprise is an opportunity for Indonesia...This report provides a solid evidence base to inform future policies and strategies.' These social enterprises mainly support and benefit local communities, women and young people. Moreover, they have also become a substantial source of employment - the number of full-time workers employed by social enterprises increased by 42% from 2016 to 2017. The rise in social enterprises is also proving good for gender equality - the social enterprise workforce is estimated to be made up of 69% women and is responsible for a 99% increase of full-time female employees in 2016-17. Government, corporations and universities have all come together to offer their support to social enterprises. Bambang P. S. Brodjonegoro, economist and the Minister of National Development Planning of Indonesia, wrote in the introduction of the report, 'The government aims to be an active partner of social entrepreneurs and is committed to continue building and nurturing the social entrepreneurship ecosystem.' Read on...

Pioneers Post: Millennials lead social enterprise surge in Indonesia
Author: Lee Mannion

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Mohammad Anas Wahaj | 23 oct 2018

Recent passing away of Microsoft's co-founder Paul Allen (b.21 jan 1953 - d.15 oct 2018) brings to the forefront his contributions, not only to technology and entrepreneurship, but also to education, arts, culture etc as part of his philanthropy. After leaving Microsoft's management in 1983, his philanthropic activities focused on the city of Seattle (US), his hometown. He endowed a separate school for computer science and engineering at the University of Washington. His investments in Seattle's South Lake Union locality has recast the city as an increasingly popular destination for young technologists. Some of his cherished contributions to the city's scene and skyline include artistic and athletic monuments to which he devoted a substantial portion of his wealth. He commissioned Frank Gehry to design a pop-culture museum. He also developed a children's center at the Seattle Public Library, funded an off-campus studio for the beloved public-radio station KEXP, and established a military-history museum outside the city. He was an ardent advocate of environmental protection, computational bioscience, and space exploration, donating millions of dollars to regional nonprofits. He invested in sports and acquired Seattle Seahawks at the time the team was planning to leave the city. In his memoir, 'Idea Man' (2011), responding to criticism that his philanthropy lacked focus, he wrote, 'At times, I cast my net too widely. But my choice of ventures wasn't arbitrary.' In 2000, the chairman of the architecture department at the University of Washington likened him to a modern Medici (an influential banking and political family of Florence, Italy). His contributions to entrepreneurship and technology are public knowledge. He recounted in his memoir regarding the initial mission of his venture with Bill Gates was, 'A computer on every desk and in every home.' Mr. Gates recently wrote, 'Paul foresaw that computers would change the world.' He influenced the technological innovations like point-and-click computing, word processing, and multi-button mouse. Mr. Allen attributed his entrepreneurial ambition and imagination to a wide-ranging autodidacticism and a natural passion for art and literature. Even though a technologist and part of a cut-throat and highly competitive industry, he understood that the products he designed were complements to preexisting lives, all of them rich and varied. He wrote in his memoir, 'That's a core element of my management philosophy. Find the best people and give them room to operate, as long as they can accept my periodic high-intensity kibitzing.' Read on...

The New Yorker: The Rare Humanism Behind Paul Allen's Technological Vision
Author: Eren Orbey

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Mohammad Anas Wahaj | 30 sep 2018

People with business education and experience are now getting inclined towards social enterpreneurship and enterprises. They are realizing that business skills and expertise can be utilized to provide solutions to society's challenges. Prof. Patrick Adriel H. Aure of De La Salle University (Philippines) explains the importance of encouraging social entrepreneurship among business students and shares research and programs that he conducts at the university. The program, Lasallian Social Enterprise for Economic Development (LSEED), involves incubating student-led social enterprises that partner with marginalized local communities, while Social Enterprise Research Network (SERN) undertakes research and advocacy activities. Regarding one of the research conducted in relation to business students and social enterprises, Prof. Aure says, 'Our statistical analysis suggested there are two factors that consistently influence business students' intention to engage in social entrepreneurial activities - (1) Their perceived support from friends, family, and other organizations. (2) Their prior experience in socially-oriented activities such as volunteering.' Research findings suggest - Design social enterprise advocacy campaigns to target group participation and not encourage students individually; Schools may want to consider creating a pipeline of activities that enrich students' socially-oriented experiences. Read on...

The Manila Times: Encouraging social entrepreneurship among business students
Author: Patrick Adriel H. Aure

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Mohammad Anas Wahaj | 23 jun 2018

Food waste is a global concern and innovative solutions are needed to overcome it. Recent data from National Resources Defense Council found that the average American throws out 400 pounds of food a year, meaning that up to 40% of food grown on the farm bypasses the fork and ends up in a landfill. Globally, impact of food waste can be seen in terms of lost resources, wasted water (70% of fresh water is consumed in agriculture), increased levels of climate-change-producing gases, and diverted food that could contribute to alleviating hunger. According to the Food and Agriculture Organization of the United Nations (FAO) - It is estimated that annually over 60 trillion gallons of water are used to grow food that is ultimately wasted; Roughly 1/3 of the food produced for human consumption every year - approximately 1.3 billion tons - gets lost or wasted, representing nearly US$1 trillion. The cost of producing, harvesting, transporting, and disposing of this food isn't just financial - food waste accounts for about 8% of global climate pollution, more than the nations of India or Russia. According to one report, food waste throughout the US accounts for more than 60 million tons of waste, which translates into US$ 160 billion of produce and, according to the Environmental Protection Agency (EPA), represents over 21% of all waste in landfills. Adequate government policy alongwith solutions from for-profit and nonprofit sectors can successfully tackle this challenge. Sherri Welch, writing in Crain's Detroit, highlights two food-box subscription companies that sell produce and other food that retailers won't touch in the Detroit market. One is the Baltimore-based Hungry Harvest; the other is Toronto-based Flash Food. They are both for-profit companies. Denver's We Don't Waste is a nonprofit working on similar lines. Other nonprofits are working with hunger relief organizations and give their customers the option to buy a box of imperfect produce and donate it to a family in need. Phillip Knight, executive director of the Food Bank Council of Michigan, says, 'At this point, I think we are all working together to feed hungry neighbors, reduce waste and lessen the impact on the environment.' Other solutions include processing food waste as bioenergy. In the Pacific Northwest, Impact Bioenergy develops and manufactures bioenergy products that allow communities and commercial food waste generators to lessen their environmental footprint and conserve local soil resources while also reducing their waste disposal and energy costs. Policy approaches can also play an important role to shift the amount of food entering the waste stream. A May 2017 paper published by Harvard Law School's Food Law and Policy Clinic looks at the 2018 Farm Bill as a portal for changing the national conversation on food waste by integrating strategies and initiatives to support diversion efforts. Policy is a major focus on ReFed, one of the nation's leading nonprofits dedicated to addressing food waste. One of their initiatives in partnership with the Food Law and Policy Clinic is the US Food Waste Policy Finder, a tool that provides research on current food waste policy. Another promising approach is to incorporate the reuse of food that has been rejected by the conventional market into social enterprises. DC Central Kitchen is a job-training catering social enterprise that buys food seconds from farmers and uses that produce in the meals it serves to students in schools and catering event guests, even as the nonprofit also addresses the cycle of hunger. According to ReFed's 'Roadmap to Reduce US Food Waste by 20 Percent', an estimated 15000 permanent jobs could be created through policy initiatives alone. 'Wasted! The Story of Food Waste', a documentary produced by the late Anthony Bourdain, offer a glimpse of ways that nonprofits can expand their missions and collaborate with others to reduce food waste while improving the health and well-being of those in need. Read on...

Nonprofit Quarterly: For-Profit and Nonprofit Firms Devise Creative Ways to Reduce Food Waste
Author: Derrick Rhayn

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Mohammad Anas Wahaj | 31 may 2018

According to British Council's 2016 report, 'The State of Social Enterprise in Bangladesh, Ghana, India and Pakistan', there are more than two million social enterprises in India with 24% of them led by women. India is one of the fastest growing economy and it needs more social entrepreneurs to tackle socio-economic problems. Women have to enhance their participation. But, existing stereotypes alongwith lack of investor confidence are major hurdles in the way. According to the World Bank, labour force participation rate for women in India has fallen from 37% in 2004-05 to 27.2% in 2017, which is quite low in comparison to developed nations. Increasing participation of women in workforce is vital for balanced growth of the country. Archana Raj, Team Leader at Save The Children, says 'Despite these low indicators, it is worth mentioning that there are new generation women who have broken the barriers of societal norms and regressive mindsets to pave way to the new world of entrepreneurship. Over the past few years, it has been observed that more women are choosing this as a career over other options, making a mark in the start-up ecosystem. Nonetheless, the aim must be to reach higher, which can help the rest of the women of our country to rise beyond the barriers and choose for themselves.' Jamie Cid, a social entrepreneur and founder of MobiHires, says, 'I think that there is a great opportunity for women social entrepreneurs in India, especially mothers returning to the workplace, who develop products and services based on their experience and solve problems in their community. With platforms like Sheroes, Reboot, SheThePeople and Lean In India initiatives that support and invest in women social entrepreneurs, this is the right time to be one.' In one of the blog posts of World Bank, Monique Villa, CEO of Thomson Reuters Foundation and founder of TrustLaw and Trust Women, gives the example of Ajaita Shah who works in rural regions of India. Shah's organisation, Frontier Markets, sells and distributes products to rural households. The organisation calls itself a 'for-profit business with a social mission'. According to the Thomson Reuters Foundation, India ranks 35th among countries that are the best for women social entrepreneurs, with the US, Canada and the UK occupying the top three positions. Manju Yagnik, vice chairperson of Nahar Group and member of Indian Merchant Chamber, says, 'I personally do not believe in male-female classifications. I do not think capabilities and talent can be differentiated as per gender. Today's women do not seek sympathy. They want equal opportunities when it comes to decision-making in financial capabilities, which is still male-dominant. Thankfully, with the modern society promoting and striving for gender equality, the position of women is improving year after year. Women entrepreneurs in India are bringing revolution and growth in the public and private sectors. With the help of government initiatives, they will grow further.' Manisha Gupta, founder and director of Start Up!, says, 'Regardless of whether a woman is a social or business entrepreneur, she has to negotiate through an ecosystem that has been structured for men to succeed. Not only do we need more women social entrepreneurs but also an ecosystem where there are more women leaders at every level. We need them as coaches, investors, in finance, as leading incubators, etc to break the template.' Citing challenges women face, Ms. Raj comments, 'Pressures of social norms and societal biases force women to give up the job while tough competitive market further make their work challenging.' Ms. Yagnik feels the need for more women entrepreneurs in India. She says, 'Social entrepreneurship might be a great opportunity for Indian women professionals to break through the glass ceiling that typically exists in traditional corporate life.' Ms. Cid suggests social entrepreneurs to stay positive and focus on the bigger purpose and stay passionate about their goal. Explaining capabilities of women entrepreneurs, Ms. Gupta says, 'I always say that women social entrepreneurs use the 3Rs - resilience, relationship and resistance – to build and grow their ventures. They are masters of resilience, I have seen many women without any resources, standing on their own and building a business in rural regions. They also demonstrate strong capabilities of building connections and meaningful relationships with stakeholders which takes them far.' Read on...

SME Futures: Nascent social entrepreneurship sector in India is beginning to look at women leaders for growth
Author: Anushruti Singh

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