Image via CrunchBase
Last year I had the opportunity to participate as a judge and mentor in the inaugural competition, MassChallenge. This is a serious business competition that has shown it can attract top quality concrete job creating ideas from round the world. Over 450 entries applied and 110 finalists were incubated for 3 months including free office space, introductions to VC, funders, customers and team resources. Sixteen finalists split $1 Million including $100,000 for the top finisher. Seeding Labs, profiled elsewhere on my blog, won $50,000 as the Social Impact finalist and also was offered free office space for another nine months.
If you have a venture and are looking to make it to the next level I strongly encourage you to apply to the 2011 accelerator. If you have any questions please reach out to the organizers at email@example.com or apply online at www.masschallenge.org/enter. Continue reading →
Posted in mobile technology, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation, Startup, Venture Capital, venture philanthropy
Tagged Barack Obama, Boston, business ideas, business plan competition, entrepreneurship, innovation, Massachusetts, MassChallenge, Social Business, Social Entrepreneur, social entrepreneurship, Social Impact, social Innovation, startup, Sustainable ventures
In 2009 we had the distinct honor of being one of the first locations where the Unreasonable Institute was announced when we had one of its original founders sign up as a judge for the Pitching SE contest at ForSE 2009. Following an incredible launch of this new format for jump-starting social enterprises in the summer of 2010, the Unreasonable Institute is in the process of selecting the final list of 25 potential attendees for the 2011 summer session.
This year there are several candidates that have strong ties to the TIE Social Entrepreneurs Group and ForSE. Some of them are:
- Zubaida Bai founder of AYZH, who presented her idea at ForSE 2009 in the Pitch contest. AYZH provides appropriately designed health and livelihood products to address rural women’s needs.
- Sana: Care Anywhere, presented last year at ForSE 2010 on the Technology panel about their mobile platform for delivering healthcare in developing countries
- EGG Energy also was one of the panelists in our Technology panel last year at ForSE describing their work on providing electricity to remote Africa by creating a service infrastructure that recharges and supplies batteries to their customers
- Deepak Ravindran, a fellow in the Startup Leadership Program from TiE Boston and founder of SMSGyan a mobile is also one of the finalists
You can help these and other entrepreneurs by helping them raise the $8000 it costs to attend the Unreasonable Institute. Continue reading →
I recently had the opportunity to host an amazing group of people visiting from India. The Sunadha dance troupe, part of the Samarathanam Trust for the Disabled based in Bangalore was visiting Boston. We had the opportunity to see them perform at the Sri Lakshmi Temple where the visually disabled dancers performed an amazingly choreographed set of dances.
Dancers from Sunadha troupe
Samrathanam was founded by Mahantesh, who is also visually disabled, to help provide opportunities for deserving, young, and talented children with disability of any form, or from marginalized economic backgrounds. Over the years they have built a school that provides education for over 600 disabled children and is designed to meet the needs of the physically challenged. Continue reading →
Posted in Education, Health, India, Information Technology, Schools, Social Ecosystem, Social Entrepreneur, social Innovation, Waste
Tagged Boston, Carroll Center, Education, Health, Helen Keller, India, Perkins School for the Blind, Samarthanam, Schools, Social Entrepreneur, Sustainable ventures, visually handicapped
Pitching SE- How Great Leaders Sell Smart Ideas
Pitching SE is your opportunity to refine your pitch, focus your ideas and wow a panel of seasoned judges. A panel of experienced non-profit and social investors will evaluate your pitch, and provide feedback and constructive advice.
You don’t need a business plan – just a business idea with significant social impact.
Your idea can be for a non-profit or for-profit or any combination.
It needs to be early stage/less than a year old – operations started after September 1, 2009.
How to apply
Applicants should be a registered attendee for ForSE 2010 and is required of all applicants, It is non-refundable if you are not selected. Applicants should mail the following information to firstname.lastname@example.org by 11.59 pm EST October 21, 2010.
- Name of organization.
- Names of team members.
- School affiliation (if applicable).
- A two page (1000 word) Executive Summary of the business idea.
- Brief bios (1-2 para) of team members. This will not be counted towards the 2 pg limitation. Continue reading →
Posted in Conference, non-profit, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation, Venture Capital, venture philanthropy
Tagged Boston, Conference, elevator pitch, ForSE 2010, Northeastern University, Pitch contest, Social Ecosystem, Social Enterprise, Social Entrepreneur, Social Impact, social Innovation, startup, Sustainable ventures
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. He was one of the first to identify ‘core competencies’ of a business and relate it to a company’s competitive advantage. His next book introduced the concept of ‘co-creation’ where corporations engaged their customers in creating joint value. It influenced many of the approaches used by companies in the 2000s to get their customers to co-design products.
Perhaps his most widely influential work was his last book on “The Fortune at the Bottom of the Pyramid: Eradicating Poverty through profits”. In it he outlined his take on how corporations could profitably service the very large market that consists of the bottommost economic strata. While the affluent tip of the global economic pyramid consists of less than 100 million people who make over $20,000 a year, there are over 2 to 2.5 Billion people who live on less than $2 a day. Yet these markets at the bottom of the economic pyramid also have needs and wants. By properly designing products and delivery mechanisms to satisfy this segment of the consumer population, he showed how companies could make money while helping this social segment.
His Bottom of the Pyramid or BOP approach quickly caught on and today a range of multinationals are focused on creating solutions that are targeting this market segment. Examples of these include Hindustan Lever, Godrej and GE Healthcare. His philosophy that even the poorest segment had a real market need and were a viable market has helped redirect corporate strategies and will have significant impact across the globe.
CK Prahalad has been honored for his work around the world including most recently being awarded the Padma Bhushan, one of the highest civilian honors, by the Indian Government. The world will miss this strategic thinker but his legacy will continue to improve the quality of life for millions subsisting at the bottom of the pyramid.
You can read an earlier piece I wrote about his work on my blog at “Designing for the bottom of the pyramid”.
Posted in BOP, bottom of the pyramid, creative capitalism, India, Poverty, Social Ecosystem, Social Entrepreneur, social Innovation
Tagged BOP, CK Prahalad, India, international development, Poverty, Social Business, Social Ecosystem, Social Entrepreneur, social entrepreneurship, Social Impact, Sustainable ventures