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Newsletter - July 2011
We would like to share with you some of the highlights of the past two months which include the active participation of more than 50 social entrepreneurs at four regional World Economic Forum meetings (Latin America, Africa and Europe and Central Asia, East Asia), the selection of 14 new social entrepreneurs as “Social Entrepreneurs of the Year”, the final report from the Global Agenda Council on Social Innovation and the launch of the Social Investment Manual. The manual, a product of the social investment task force, has been in high demand and we hope it will help social entrepreneurs navigate smoother through the process of raising capital from an investor. As we continue to build on this manual, comments and questions are very welcome.
You will also find information on our upcoming activities, including the Annual Meeting of New Champions or “Summer Davos” in Dalian, People’s Republic of China, 14-16 September. “New Champions” are five communities of the World Economic Forum: the Technology Pioneers, the Global Growth Companies, the Young Global Leaders, the Young Scientists and, of course, the Social Entrepreneurs.
We will let you discover more below.
Warm regards,
Mirjam Schöning and the Schwab Foundation Team
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| REGIONAL EVENTS |
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World Economic Forum on Latin America
Rio de Janeiro, Brazil 27-29 April 2011
Nineteen social entrepreneurs took part in the World Economic Forum on Latin America in Rio de Janeiro. Prior to the start of the meeting, several Schwab social entrepreneurs participated in two landmark private events: the Latin American Roundtable on Entrepreneurship Education and the Sustainability Summit.
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The Schwab Foundation team also visited the mobile hospital of Projecto CIES, Brazil Social Entrepreneur of the Year 2010, while it was serving a community in a favela in Rio de Janeiro.
During the Opening Plenary, five individuals received the Social Entrepreneur of the Year Latin America award:
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Roberto Kikawa, Projecto CIES, Brazil
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Francesco Piazessi, Echale a Tu Casa, Mexico
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Tomas Recart, Enseña Chile, Chile
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Claudia Valladares, Banca Comunitaria Banesco, Venezuela
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Felipe Vergara, Lumni, Colombia
On Friday 29 April, Schwab Social Entrepreneurs taking part in the meeting had the opportunity to hold a private off-the-record meeting with President Fernández of the Dominican Republic. During this time, President Fernández and the social entrepreneurs discussed how social innovation can be an engine for growth and create sustainable solutions to Latin America's most pressing problems.
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World Economic Forum on Africa
Cape Town, South Africa 5-7 May 2011
Three individuals received the Social Entrepreneur of the Year award during the opening plenary of the 2011 World Economic Forum on Africa in the presence of President Jacob Zuma of South Africa:
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Aleke Dondo, Juhudi &Kilimo, Kenya
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Juliana Rotich, Ushahidi, Kenya
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Olivia van Rooyen, The Kuyasa Fund, South Africa
Following the opening plenary, the Schwab Foundation and its partners hosted a reception to toast the three social entrepreneurs who were awarded as well as celebrate the other social entrepreneurs participating in the meeting from Kenya, Tanzania, South Africa, United Kingdom and the United States.
During the World Economic Forum meeting, Schwab Social Entrepreneurs were panellists in the official programme, in particular on unlocking growth through “Small and Medium Enterprises” and “Impact Investing”. As well, the Schwab Foundation hosted an IdeasLab, during which three Schwab Fellows presented an innovative idea and creatively problem-solved the challenges of it with a cross-sector audience.
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World Economic Forum on Europe and Central Asia
Vienna, Austria 8-9 June 2011
Five social entrepreneurs were awarded the title of Social Entrepreneur of the Year during the 2011 World Economic Forum on Europe and Central Asia. The Social Entrepreneur of the Year awards were conferred by Hilde Schwab,
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Co-Founder and Chairperson of the Schwab Foundation for Social Entrepreneurship, following the opening plenary of the meeting
Related Blog Posts:
“A Unique Opportunity” by Jürgen Griesbeck
“Our first World Economic Forum” by Sue Riddlestone and Pooran Desai
Winners joined a group of leading social entrepreneurs from across the European continent who were active participants providing insights on sustainability and social innovation in the discussions under the meeting’s theme “Expanding the Frontiers of Innovation”. A dedicated session “Ecosystems for Social Innovation” brought together civil society and the public and private sectors to share experiences and explore potential opportunities to strengthen and replicate successful models throughout Europe and Central Asia.
Social Entrepreneurs Private Event
Two main topics were discussed at a dedicated private event for social entrepreneurs, Schwab Foundation partners and special guests:
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“Social Entrepreneurs and Social Investment” – Johanna Mair, Professor at IESE Business School, presented the findings of the Global Agenda Council on Social Innovation, which focus on Impact Investing. Andreas Heinecke, Dialogue Social Enterprise, led the discussion.
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“Shaping Social Business Policy at the EU – Gregoire Scholler, Member of the Cabinet at the EU Commission, provided further information on the EU initiative on social innovation and requested the input of social entrepreneurs on different dimensions. Jacques Chapuis, Senior Partner at the Boston Consulting Group, led the discussion. Click here to read detailed minutes of the EU Workshop on Social Business and planned next steps.
"Effective innovation can solve some of Europe's long-term economic challenges" by Mel Young, Homeless WorldCup, United Kingdom – Read Blog
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World Economic Forum on East Asia
Jakarta, Indonesia 12-13 June
Twelve Social Entrepreneurs took part in the World Economic Forum on East Asia, representing diverse sectors, including education, agriculture, energy, community development, housing and infrastructure. At this year’s regional meeting in Jakarta, Social
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Entrepreneurs garnered an unprecedented total of 11 engagements as panellists in the official programme.
A Schwab Foundation private gathering preceded the official programme. Engaging in vibrant discussions on social investing, a future BoP marketplace of services/products for the poor, as well as a code of ethics for social businesses, Social Entrepreneurs also had a chance to network with some civil society leaders and Schwab Foundation guests.
During the World Economic Forum meeting, an exclusive, off-the-record “Meet the Leader” session gave a small group of Social Entrepreneurs, Young Global Leaders and Global Growth Companies the opportunity to meet with President Susilo Bambang Yudhoyono of Indonesia. The president shared his vision on sustainable, inclusive growth in Indonesia and answered questions on how the country’s role within ASEAN will continue to evolve under his leadership.
Read more about the meeting in Jakarta.
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| SCHWAB FOUNDATION ACTIVITIES |
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The Social Investment Manual
On Tuesday 31 May, during the Social Capital Markets (SoCap) conference in Amsterdam, the Schwab Foundation for Social Entrepreneurship task force launched its Social Investment Manual.
This manual is the first of its kind. It provides social investees a comprehensive yet easy to use guidebook on how to develop successful relationships with social investors. The guidebook presents an overview of the social investment landscape, offers concrete approaches to finding and approaching the right investors for social enterprises, as well as the best practices for having a successful due diligence process and for negotiating a mutually beneficial long-term social investment arrangement.
The manual, which was created with the research support of the Technical University of Munich (TUM) and with the support of a task force of 18 Schwab Fellow Social Entrepreneurs led by Andreas Heinecke, Schwab Fellow and Chief Executive Officer/Founder of Dialogue Social Enterprise,
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provides a valuable first step for many social enterprises to develop the informational know-how to position themselves best and to leverage opportunities for social investment that can increase the scale, scope and impact of their organizations.
During the first two days, the manual was downloaded about 1,000 times and the announcement of it was read by over 2,000 readers. The task force welcomes your comments to keep building this manual as a useful resource for social entrepreneurs. Please contact us to share your input (abigail.noble@schwabfound.org).
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The Global Agenda Council on Social Innovation
During the 2010-2011 term, the Global Agenda Council on Social Innovation focused on one of the most significant barriers to scale: access to capital.
Given the recent excitement on impact investing, the council tried to separate the hype from reality during a spring discussion series that explored a number of themes, including overall market potential, average deal flow size, return expectations, and trade-offs.
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The members of the Global Agenda Council on Social Innovation include leading Schwab Foundation Social Entrepreneurs, top academics in the field of social entrepreneurship and pioneers in impact investing with a decade or more of experience. The council’s objective is to align the impact investment and social enterprise communities on expectations, capabilities and returns by sharing experiences and exploring emerging issues and trends. The council’s findings can be read here. Do you have a reaction to the findings or a story to share, or would you like to get involved in this initiative? Please e-mail katherine.milligan@schwabfound.org.
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The Social Entrepreneurs' Blog
Stories, issues, challenges from the ground; Schwab Social Entrepreneurs share their thoughts through the new Schwab Foundation Social Entrepreneurs’ blog. Over 18,000 views since September 2010 and this number keeps growing.
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Nominations and Open Selection Processes
The Schwab Foundation team is constantly searching for leading social entrepreneurs in Africa, Asia, Europe, Latin America, the Middle East and North Africa, and North America.Do you know a great social entrepreneur? Simply send us (info@schwabfound.org) his/her name, a short description and possibly a website address, and we will take it from there. More information can be found below:
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Welcome to Our New Strategic Community Partners
In addition to our current Strategic Partners – the Boston Consulting Group, Ernst & Young, Hewlett-Packard, Intel Corporation – we are happy to announce new partnerships with Agility, Credit Suisse, GDF SUEZ and Siemens.
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| RESOURCES FOR SOCIAL ENTREPRENEURS |
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Getting Ready for Investments
Shujog primarily helps social enterprises in Asia to strengthen their organization with the explicit end-goal of raising impact investment.
Through research, training, market ready assessments, strategic consulting and third-party technical expertise, Shujog provides social entrepreneurs with the tools, knowledge and systems required to raise commercial capital to magnify their impact. Shujog can help social enterprises identify sources of funding to help offset the cost of these services.
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For more information, please e-mail info@asiaiix.com, or see http://www.asiaiix.com/shujog.
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Social Entrepreneur Scholarship Application SOCAP11
SOCAP is an organization dedicated to the flow of capital towards social good. Their event series connects leading global innovators to build this market at the intersection of money and meaning.
SOCAP11 will provide full scholarships to 50 of our most promising social entrepreneur applicants from around the globe.
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Scholarship includes:
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Full access to conference valued at $1,295
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Online & on-site acknowledgement
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Ability to connect with 1,500+ attendees, including fellow entrepreneurs, investors, foundations and more
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Chance at having your organization featured in SOCAP11's Innovation Showcase
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A voice on the SOCAP11 blog and exposure opportunities through their media partners
Application Deadline is 15 July. Apply here.
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International Competition "European Social Innovation for Naples: Naples 2.0"
In the minds of people, Naples is internationally known for two things: its garbage problem and the Camorra, a “shadow big society” which, together with the absence of state, has created a stalemate that seems impossible to overcome.
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The aim of the competition is simple: to show that social innovation can provide new solutions for society by solving six concrete challenges identified by organizers and local organizations in Naples.
More information.
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| UPCOMING EVENTS |
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Annual Meeting of the New Champions 2011
Dalian, People’s Republic of China 14-16 September
The Annual Meeting of the New Champions, the “Summer Davos”, is the foremost global business gathering in Asia. Introduced in 2007 in close collaboration with the People’s Republic of China and with the personal support of Premier Wen Jiabao, last year’s Meeting in Tianjin convened 1,300 participants, including over 400 CEOs from Forum Partner and Member companies together with up-and-coming leaders from business, politics, science and technology from 80 countries.
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Summit on the Global Agenda 2011
Abu Dhabi, United Arab Emirates 10-11 October
The Summit on the Global Agenda is an annual global brainstorming that brings together members of the World Economic Forum’s Network of Global Agenda Councils. The councils address over 60 issues, including Social Innovation, and comprise the most relevant experts from academia, business, civil society and government.
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Over 700 members of Global Agenda Councils, including many social entrepreneurs, will convene in Abu Dhabi in October to engage in interactive workshops and provide comprehensive insight into the global, regional and industry agendas.
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World Economic Forum on the Middle East
Dead Sea, Jordan 21-23 October 2011
The World Economic Forum on the Middle East comes at a critical time in the region and will gather 1,000 leaders in Jordan for two and a half days of meaningful dialogue on issues such as youth unemployment, economic competitiveness, and the role of international actors in supporting the
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regional transition. Please e-mail katherine.milligan@schwabfound.org if your organization is based outside of the MENA region but you would like to receive an invitation to the Middle East meeting.
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India Economic Summit
Mumbai, India 13-14 November 2011
We will precede the official programme on 12 November with our annual gala event celebrating the Social Entrepreneur of the Year in India. Please e-mail vivian.gee@schwabfound.org if you are outside of India but would like to receive an invitation to the India Economic Summit.
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