Category Archives: social Innovation

Another successful year for ForSE 2009

Posted on November 5, 2009 | Leave a comment

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 below for those who could not attend. Continue reading →

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Posted in Conference, Education, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation, sustainable development

Tagged Babson college, Boston, Carol Cone, Conference, ecosystem, Leonard Schlesinger, microfinance, non-profit, Pamela Hawley, Philanthropy, Pitch contest, Rural Education, Social Business, Social Ecosystem, social entrepreneurship, Social Impact, social Innovation, Social Investment, sustainable development, venture philanthropy

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

Posted on October 22, 2009 | Leave a comment

To help jumpstart job growth in Massachusetts, a unique public/private partnership, Masschallenge.org, was launched earlier this year. By unveiling what it claims is the world’s largest business plan competition; the folks at MassChallenge are hoping to attract hundreds if not thousands of interested entrepreneurs. While most business plan competitions have been university based in the past, MassChallenge intends to go mainstream with entries accepted from all quarters. With the intent of raising serious money – a target of $25 Million for the first year – it hopes to change the way plans are run by providing the winning teams with $1 million in seed funding. It hopes to run six parallel competitions in the following areas:

Healthcare, and Life Sciences
IT, Software, and Gaming
Clean Technology and Energy
Social Development and Non-profit
Open Category, Seed Stage
Open Category, Expansion Stage

The one on Social Development and Non-profit caught my eye as it is along the lines of what we have been discussing on this blog. As I had said in some of my earlier posts, early stage social innovators sorely need a jumpstart as they face a tougher time raising funds than a for-profit. More importantly, Massachusetts has grown to be a focal point for social innovation attracting the best and brightest to the exciting programs offered in all the leading universities. Coupled with the incentives from MassChallenge and the Massachusetts Government, we have the opportunity to create a new growth cluster in the state. We have an opportunity to retain the top talent attracted to the programs in the area and to channel them to building the next generation of innovative social enterprises here in Boston.

I recently wrote a more detailed article for the MassChallenge.org blog that outlines this and am excerpting it below. Continue reading →

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Posted in Investment, non-profit, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation, sustainable development, Venture Capital, venture philanthropy

Tagged Boston, business plan competition, ecosystem, Massachusetts, MassChallenge, Masschallenge.org, non-profit, Philanthropy, Social Business, Social Ecosystem, social entrepreneurship, Social Impact, social Innovation, Social Investment, Sustainable ventures, venture philanthropy

Sustainable Business Models for Social Ventures

Posted on October 17, 2009 | Leave a comment

Panel Description for ForSE 2009

In decades past, many non-profits have achieved only temporary success and limited scale due to dependence on grants and donations. A new breed of ventures has begun innovating revenue models to build greater capacity and sustain operations. These approaches leverage the power of markets to meet social needs. Whether they’re building a socially responsible brand of clothing, providing renewable energy solutions, or bringing banking to the poor, these organizations have discovered the sustainable power of partnering with their customers.

Hear from a panel of innovative organizations that are thinking outside the box in terms of building sustainable models. Click here to register.

Panelists

Matthew Kochka, Farm Manager, Revision Urban Farm
Jodi Rosenbaum Tillinger, Founder More than Words
John Freele, Founder and Owner, New England Rain Barrel

Moderator

Prof Nitin Joglekar, School of Management, Boston University

Equal Exchange – Special In-depth Case Study and solutions brainstorming

Case Presenter: Rodney North, The Answer Man, Equal Exchange

Moderator: Gaurav Rohtagi, Principal, Continuum

Equal Exchange, the Massachusetts-based employee-owned worker co-operative best known for introducing Fair Trade coffee to American grocery stores in that late ‘80s.

Equal Exchange has over 100 employees in 6 states and $35 million in annual revenue. They’ve recently won six different awards for their environmentally and socially responsible business practices including the Social Innovation Award from the Financial Times newspaper and the World’s Most Democratic Workplace award from WorldBlu.

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Posted in Conference, non-profit, Rural Development, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation, sustainable development

Tagged Babson college, Boston, Conference, ecosystem, Equal Exchange, Food Supply, ForSE, More than Words, New England Rain Barrel, non-profit, Revision Urban Farm, Rural Development, Service, Social Ecosystem, Social Entrepreneur, social entrepreneurship, Social Impact, social Innovation, Social Investment, sustainability, sustainable development, Sustainable ventures

Valuing Social Enterprises

Posted on October 16, 2009 | Leave a comment

Panel Description for ForSE 2009

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. A number of innovative organizations have tackled this problem from different perspectives, developing alternate metrics, scorecards and criteria that weigh the benefits from an investment beyond cold dollars and cents. The panelists, all significant actors in this arena, either invest or provide access to social investors and will highlight several interesting approaches that funders use in evaluating social investments.

Panelists

Susan Musinsky,Director,Social Innovation Forum
Shruti Sehra, Mgr Portfolio team,New Profit
Miguel Granier, Founder, Invested Development

Moderator

Prof. John Whitman, Professor, Babson College

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Posted in Conference, creative capitalism, Investment, non-profit, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation, sustainable development, venture philanthropy

Tagged Babson college, Conference, ForSE, New Profit, Philanthropy, Social Business, Social Ecosystem, Social Entrepreneur, social entrepreneurship, Social Impact, social Innovation, social Innovation forum, Social Investment, Sustainable ventures, venture philanthropy

Using cell phones to change the world

Posted on October 16, 2009 | Leave a comment

Jhonatan Rotberg, was sent to MIT by Telmex, one of Latin America’s largest telcos, and teaches NextLab where he tries to bring cellular technology to the other 90 percent of the world. One of the labs startups, CelEdu, offers cellphone-based games and quizzes to teach basic literacy skills in India. Ranjani Saigal from the TIE Social Entrepreneurs Group helped connect CelEdu students to Tara Aakshar. You can see some of their work in progress at the CelEdu site

A great article in the Boston Globe highlights the many ideas that have spun out of this lab. Some excerpts below – click here for the entire article.

In NextLab, Rotberg challenged students by asking, “Can you make a cellphone change the world?’’ And students have responded, creating nearly two dozen projects and three start-up ventures that have been working with communities in developing countries like India, Vietnam, and Mexico.

Dinube, a NextLab spinoff that was tested in Mexico last summer, provides payment services to people who don’t have access to traditional banks. “One of the powerful things about cellphones in Mexico is that there is a 75 percent penetration rate,’’ said Jonathan Hayes, a cofounder of Dinube. “But only 25 percent of the population has a bank account. So a cellphone-based system can fill a huge, important gap.’’

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Posted in BOP, bottom of the pyramid, Information Technology, international development, mobile technology, Poverty, Rural Development, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation