On CK Prahalad and his impact on social entrepreneurship

I, like many others, was saddened to hear of the untimely passing away of Prof. C. K. Prahalad. His career spanned over three decades during which time he introduced several innovative business ideas that quickly became mainstream. Perhaps his most widely influential work was his last book on “The Fortune at the Bottom of the Pyramid” where he outlined his take on how corporations could profitably service the very large market that consists of the bottommost economic strata. You can read more at
http://blog.ambientengines.com

Assured Labor – creating a mobile marketplace for jobs in emerging markets

In the fall of 2007, a group of young potential entrepreneurs struggled with a problem facing over half the developing world. As developing economies grew and provided new jobs, the infrastructure to communicate and broadcast the potential opportunities for employment was unable to keep up. The influx of migrant workers into urbanized centers provided a rich pool of available talent but the mechanisms for disseminating job needs were still rooted in the 19th century. The team seized on this opportunity to leverage the almost ubiquitous presence of cell phones in the developing world to provide a communications and matchmaking platform for employment. By providing an easy to use mobile platform connecting jobseekers with job opportunities, Assured Labor is providing a frictionless job placement approach that benefits employers and employees alike. Assured Labor is a prime example of the new wave of social entrepreneur bringing a for-profit business model to address some of the challenges facing the poor in developing countries. Read the complete post at
http://blog.ambientengines.com

Grameen and Continuum partner to address talent gap in microfinance

Last week I had the opportunity to attend a panel discussion at Continuum, the design consultancy, on “Building Leadership in the Microfinace Sector”. The presentation and discussion centered around some very preliminary findings based on an initial field trip and set the stage for more detailed field research to be conducted later this year. I have outlined some of their observations at the meeting and my reaction to what I heard. Read the details at http://blog.ambientengines.com

World’s largest Business plan competition looks to help social entrepreneurs

To help jumpstart job growth in Massachusetts, a unique public/private partnership, Masschallenge.org, was launched earlier this year that hopes to attract hundreds if not thousands of interested entrepreneurs to Massachusetts by unveiling what it claims is the world’s largest business plan competition. It hopes to change the way business plans are run by providing the winning teams with $1 million in seed funding in six different categories. With these incentives from MassChallenge and the support of the Massachusetts Government, the many entries the “Social Development and Non-profit” category will attract could help create the next new growth cluster in the state. Read my comments on this at http://blog.ambientengines.com

Sustainable Business Models for Social Ventures

A new breed of ventures has begun innovating revenue models to build greater capacity and sustain operations. These approaches leverage the power of markets and have discovered the sustainable power of partnering with their customers to meet their social needs. More details at
http://blog.ambientengines.com

Valuing Social Enterprises

As a number of young entrepreneurs launch their social enterprises, one of the areas they all struggle with is attracting socially conscious investors. A challenge for all is how to evaluate a social focused business on metrics other than strict return on investment. More details at http://blog.ambientengines.com

ForSE 2009 Agenda Details

ForSE 2009: Forum for Social Entrepreneurs promises to continue the tradition of interactive and engaging forums that we have produced in the past. In-depth discussion with a panel of practitioners and experts in four parallel panels. Dissect the daily workings of a social entrepreneur and help brainstorm solutions. Refine your pitch and wow a panel of judges during the Pitching session. More agenda details at http://blog.ambientengines.com

ForSE 2009 Pitch Contest – Pitching SE: How Good Leaders Sell Smart Ideas

For the first time ForSE 2009: Forum for Social Entrepreneurs, will have a pitch contest for aspiring social entrepreneurs. If you have an idea with significant social impact, here is your chance to pitch it and to wow a panel of expert judges and win a prize. Send in a short summary of your idea to pitch@tie-se.org

ForSE 2009: Forum for Social Entrepreneurs on Oct 23 at Babson College

Our annual conference on Social Entrepreneurship – ForSE 2009: Forum for Social Entrepreneurs will be held on Friday October 23. This time we are working together with Babson College’s Net Impact Undergrad organization to host it at Olin Hall on Babson College’s lovely Wellesley campus.

Why we need Social Investors

The latest Time Magazine has a great article about social entrepreneur Reed Paget and his startup Belu that has grown from $13,000 in 2004 to nearly $4 million in 2008 while providing water in corn based bottles that can be composted and redeploying its profits to projects that bring clean water to deserving regions of [...]