Another successful year for ForSE 2009

Another successful conference on Social Entrepreneurship was held on October 23rd, this time at Babson College in Boston’s Wellesley suburb. Details on the conference and photos were posted in a local e-magazine, Lokvani.com and are reproduced for those who could not attend. For details go to
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

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: 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 [...]

Responding to Clayton Christensen’s article on Government’s potential role in Social Innovation

I do believe there is an appropriate role for government to play in encouraging growth in social innovation. The single most critical issue for a young, startup social entrepreneur is the lack of a well structured ecosystem to encourage social innovation. The government can be a transparent facilitator and address these issues and then get out of the way and let the market work its way.

Some thoughts on Clayton Christensens article on Social Innovation

Clayton Christensen recently opined in The Huffington Post about the role the White House Office of Social Innovation could play. He suggests “Bottom up ” initiatives are needed. However I think the real issue is not “bottom up” initiatives but a complete lack of a supporting social ecosystem to encourage radical innovation and nurture young social entrepreneurs.

The Blue Sweater a book by Acumen Fund founder Jacqueline Novogratz

I had gotten a copy of Acumen Fund founder, Jacqueline Novogratz’s, book “The Blue Sweater” a couple of months ago and had kept promising myself that I would read it. Once I started reading I was hooked. Before I knew it I had plowed through the entire volume. This is an extraordinary and powerful book.

Obama’s effort to address Social Innovation

A new White House Office of Social Innovation has been created with Sonal Shah, most recently heading Google.org’s global development programs tapped to head it. Its focus is on identifying innovation in the social sector, providing funds to innovative startups and promoting volunteerism.

Models for Early Stage Funding

The term Social Entrepreneur provides a broad umbrella that covers a number of different types of organizations – ranging from non-profits, to socially focused businesses (as defined by Yunus) to for-profits that have solutions that address a social issue in a major way. Depending on the type of organization the approach to early stage funding will differ.