GSVC Southeast Asia is coming back. If you have an entrepreneurial start-up idea which not only offer financial returns, but also provide measurable social or environmental benefits and look for free professional mentoring service, apply to our Early Mentoring Round within 4 Nov 12.
Markus Dietrich's insight:
ASEI is partnering with GSVC South East Asia for the Philippines and encourages social enterprises in the country to apply.
We are excited to share with you our first report detailing the accomplishments of entrepreneurs and organizations who have found innovative, profitable ways to improve people’s lives, bring affordable services to low-income communities, and create financial inclusion while providing investors with a commercial return. This report includes many examples of organizations that are demonstrating it is possible to successfully achieve it all. We hope you find this report informative and inspiring, and we encourage you to share it with others. Click here to download the report.
Markus Dietrich, founder and director of the Asian Social Enterprise Incubation (ASEI) and author of the ADB-sponsored Study on Inclusive Business in the Philippines, visited the SERDEF yesterday, December 14, to exchange views and information on how small and medium enterprises could adopt inclusive business practices.
Inclusive business (IB) involves targeting the low-income groups and making them active participants in the company’s chain of activities, as employees, suppliers, contractors and service providers.
Mr. Dietrich met with SERDEF president Paterno V. Viloria, Trustee and Technical Adviser Serenidad F. Lavador and Media Consultant Myrna R. Co.
Mr.Dietrich’s scoping (preliminary) study on inclusive business in the Philippines was presented in the recent ADB Regional Forum on the subject.
Targeted towards aspiring social entrepreneurs aged 26 and below across all nationalities, Singapore International Foundation (SIF) is currently accepting applications for its Young Social Entrepreneurs (YSE) Programme.
New York TimesIn New Brand of Philanthropy, Nonprofits Invest in For-ProfitsNew York TimesIMPACT INVESTING A private school in Hyderabad, India, is financed by a company set up by Gray Ghost Ventures.
Markus Dietrich's insight:
Philanthropy is taking its cues from Wall Street and Silicon Valley. The language of finance is so common that it is sometimes hard to tell the difference between an investment conference and a fund-raiser. Grants are referred to as investments, and public-private partnerships as innovations. Money used to buy vans, computers and buildings is called growth capital.
“It’s not just the language that is changing,” said Antony Bugg-Levine, chief executive of the Nonprofit Finance Fund. “The actual distinction between the two sectors, for-profit and nonprofit, is starting to collapse.”
Aurora Social Enterprise is a Taiwanese social enterprise organized as a farmer's cooperative. It is run by a social worker and a businessman - their dual perspectives have shaped both investment and programming in the ...
Immediately after graduating from Fordham University, Ryan Aguas returned to Manila, and along with Enzo Pinga and Illian Pascual, founded Bahay Kubo Organics, a social entrepreneurship venture designed to combat the local scarcity of reliable and affordable sources of food for low-income communities. Ryan and his team have innovated aquaponic farming techniques that incorporates both aquaculture and hydroponics to develop a sustainable ecosystem for assorted plants and fish, local staples
The Schwab Foundation for Social Entrepreneurship, the Huffington Post and Student Reporter have teamed up to invite ten students to form a virtual team starting 1st of February 2013 for six months to contribute to Huffington Post’s Social Entrepreneurship section.
Social enterprises are getting bigger, they’re growing more slowly than last year and they still receive eight times as much income in grants and donations as they generate in profits. Those are the three key messages from this RBS SE100 index.
The SE100 is a list of the top 100 fasted growing established social enterprises – those that have been trading for three years or more – with separate awards for those organisations that are best at demonstrating social impact and newcomers trading for less than three years. It’s generated from a self-selecting but pretty big, in depth, sample of UK social enterprises, carried out behalf of Matter & Co, formerly publishers of Social Enterprise magazine, now running new social innovation website, Pioneers Post.
Inside Inclusive Business Inside Inclusive Business: Each edition of the 'Inside Inclusive Business' series explores one aspect of inclusive business.… (Publications Inside Inclusive Business http://t.co/1dTbjlZ0...)...
Clearly, including the poor to take part in the benefits of growth has long been an elusive ideal. However, today’s “inclusive growth” advocates see the poor as active contributors as much as beneficiaries in the growth process. The concept has moreover been refined into “doable” programs that private businesses can adopt, with government providing conducive fiscal and regulatory framework.
It is, thus, business-government sector-labor partnership in action.
From where I sit, another way to look at it is this: An integration by business of its social responsibilities—usually regarded as something extraneous to the business—into the core of its operations.
Jollibee Corp. is exemplary of a business actively pursuing the inclusive-growth ideal.
The fast-food giant sources its meat, vegetables and other supplies from rural farmers and livestock raisers and keeps its meals affordable to the man on the street.
Small businesses can take the same high road to growth.
Here are examples of small to medium-scale entrepreneurs who have, wittingly or unwittingly, adopted inclusive business practices.
Figaro Coffee Corp. sources the barako coffee it is known for from what used to be marginal farmers in Cavite.
Heritage Arts and Crafts, a company engaged in piña weaving and piña products production in Aklan, solved its raw material problem in much the same way Figaro managers tackled theirs.
Sr. Pedro, a lechon-manok chain that originated in Cagayan de Oro and has expanded to Metro Manila, contracts out its supply of chicken to small farmers.
Salay Handmade Paper was a social enterprise at the outset and is thus inherently oriented toward involving the poor in its core activities.
Arte Cana, a furniture company based in Metro Manila, makes it a point to pay its workers higher-than-market rates.
These cases—mostly drawn from the “Dreamers, Doers, Risk-takers” series of the Small Enterprises Research and Development Foundation (Serdef) and UP Institute for Small-Scale Industries (UP ISSI)—imply that going “inclusive” is win-win for all players.
Whatever worker empowerment results from these practices bounces back to the employers who made it possible and, thence, to the supportive government, and ultimately to the larger society.
The One brand already sells food and consumer goods ranging from bottled water and eggs to toilet paper and condoms. It uses the profits to fund related projects in developing countries, such as supplying clean water and chicken farming. It has businesses in Australia and the US as well the UK.
This blog post comes with a warning. I’ll advise you—as David Bornstein advised the audience—that Bill Drayton has a pretty good track record for predicting future trends in social entrepreneurship. Ignore these suggestions at your peril!
Following LGT Venture Philanthropy's successful launch of the Smiling World Accelerator Program (SWAP) across Southeast Asia in 2012, we are delighted to announce the new call for applications to the SWAP 2013 (www.lgtvp.com/swap), our tailored 9-24 month program for social entrepreneurs who seek to take their organizations to the next level of growth and impact.
The SWAP provides hands-on business consulting and customized financial support (up to USD 50’000 per organization) to outstanding, early-stage organizations with a high potential for scale and positive impact. In the Philippines, this program is being run in proud partnership with local incubator xchange. To further increase access to the right financial support, networks, and business know-how, LGT Venture Philanthropy supports suitable SWAP candidates with vetted local Smiling World Angel Investors (www.lgtvp.com/swai) for co-investment opportunities, links SWAP organizations to qualified mentors in the Smiling World Impact Mentorship network, and shares proprietary and best-in-class tools and documents from the Smiling World Resource Platform.
New banking programme for social enterprises in ChinaChannel News AsiaSHANGHAI: Social enterprises in China will now have more options in terms of financing with DBS China's new programme which provides funds and banking services tailored to their...
The government’s statistics units are working on ways to ensure that the country will attain full “inclusive growth.”The National Statistical Coordination Board and National Statistics Office will soon form a technical working group to enable the agencies to accurately measure growth that directly benefit the people.
According to Jose Ramon Albert, secretary general of the NSCB, the technical working group is a follow-through to the first dialogue between the NSCB and NSO, apart from other data users such as policy advisors, research centers, the academe and civil society groups.
“We need to have further engagements to see whether what we are doing is enough to help the government achieve inclusive growth,” Albert said in an interview.
Barlerin sees HP as just one company with a lot of leverage when it comes to the global conversation about volunteering and community impact. To be a part of this conversation, HP is involved with A Billion + Change, a national campaign to mobilize billions of dollars of pro bono and skills-based services from corporate America. HP Vice President and Deputy General Counsel David Bruscino will speak at the “Innovations in Corporate Service” thought leader summit in Palo Alto, a celebration of skills-based, pro bono volunteer programs. Companies pledging to A Billion + Change will come together to learn about the latest and greatest innovations in the world of service, the role of Millennial employees and collaborations between the public and the private sector.
A Billion + Change already has secured nearly $1.8 billion in corporate pledges and 12 million hours of time and talent to pro bono programs. If your company would like to sign on to A Billion + Change, go to www.abillionpluschange.org for more information.
On November 28 FYSE hosted an event “The State of Social Enterprises in China and Opportunities for Partnerships” in HOng Kong. Over 50 participants from foundations and companies, as well as social entrepreneurs ...
4 social enterprises awarded President's Challenge AwardChannel News AsiaThe Youth Social Enterprise of the Year went to Adrenalin Events and Education Pte Ltd, which specialises in events management and New Soon Huat Pte Ltd was named Social...
American psychologist Abraham Maslow observed: ”I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.” Translated to philanthropy: When you are a grant maker, every project looks like a potential grantee, and every project will treat you as a grant maker. The same applies to the investor-investee relationship.
However, philanthropy has more than one tool. Maybe it is time to rehabilitate grants as a key tool in the investor toolbox. They are not a “loser currency” but can be the precursor or companion of investments, for example as investment readiness grants, as loan guarantees, even as equity without dividends. Applied to the same organization or field, smart grants can leverage investments many times over, as long as they do not carry pointless restrictions, and are part of a larger plan creating other unrestricted, long term sources of income.
Both grant makers and investors have to learn new tricks and use new tools for connected, hybrid strategies (see this HBR thinking on combining giving and investing). The encouraging news is that helping social entrepreneurs grow is not dissimilar to many other growth challenges of ideas that started without immediately profitable markets but high social value – the history of business is full of them.
On November 11, the first Social Entrepreneurship and Social Venture Summit was held in Shanghai, China. Jointly organized by the Social Enterprise Research Centre (SERC), the Knowledge and Innovation Community, and the 21st Century Business Herald, the event attracted over 260 guests from corporations, NGOs, social enterprises, and academic institutions as well as investors, government officials, and over 20 mainstream media organizations.
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