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Wednesday, Jul. 20, 2011
In this Xconomy piece, our Executive Director, Thane Kreiner argues “yes”. Based on the work featured in our recently released report Coordinating Impact Capital, A New Approach to Investing in Small and Growing Businesses he argues that a more “venture capital” type approach to funding social entrepreneurs would increase efficiency for both the entrepreneur (whose time is best spent building their enterprise rather than fundraising) and the investors (who struggle with issues like investing in companies located half a world away).
The study, which the Center for Science, Technology, and Society undertook with generous support from the Aspen Network of Development Entrepreneurs, asked 45 impact investors over six months to share with us their investment methods, profit expectations, geographic focus, due-diligence practices, and other factors. Our goal was to unearth some knowledge that could catalyze a more coordinated, venture-capital-style system for social-venture startups.
To learn more about the study, Coordinating Impact Capital, A New Approach to Investing in Small and Growing Businesses attend the unveiling of the study: July 26 from 4 to 6:30 p.m. at Santa Clara University’s Arts & Sciences Building, Wiegand Room, 500 El Camino Real, Santa Clara, Calif. 95053. Register here
Friday, Jun. 10, 2011
Mother Earth (GSBI Alumni '08) announced the launch of its in house brand of healthy, organic, chemical-free range of food products named EARTH FOOD. This initiative is launched in association with Sahaja Samrudha, Karnataka’s first farmer producer company. EARTH FOOD launches today, June 10, at the Mother Earth Store, Domlur, Bangalore. In addition, Mother Earth offers fashionable choices in garments and accessories that are natural and stylish as well as sustainable and fair for gifts and home décor that keep India’s green hand skills alive.
Find out more about Mother Earth: http://motherearth.co.in/earthhome
Thursday, Apr. 21, 2011
For two weeks, we spent early mornings and late evenings interviewing them: the 43 GSBI 2011 finalists, chosen from a pool of more than 162 qualified applicants, all of whom spent three months completing mentored learning exercises as part of the GSBI application process. Going through this for the first time, I was intimidated by the sheer volume of time required to prepare for and conduct the interviews in addition to my “day job”, requiring 16-hour works days. But all of that was nothing compared to the compelling stories we heard from these amazing 43 social entrepreneurs, connecting by Skype from five continents.
I love the definition of ‘social entrepreneur’ used in the awards ceremony program at this year’s Skoll World Forum: 1) society’s change agents; 2) creators of innovations that disrupt the status quo and transform our world for the better. By the way, the Skoll World Forum was amazing in many dimensions: intellectual, emotional, spiritual; check out the videos of the sessions. Each of the women and men we interviewed—and there were more women than ever this year, an encouraging indicator of change in and of itself, but more on that later—each of these agents had a palpable passion for effecting social change by disrupting one of the wrongs afflicting the poor people of our planet with an innovation. Whether an innovation in technology, business model, or ecosystem, or some permutation of thereof, we had the honor of listening to each of them explain her or his vision for changing the world.
For this alone, each deserved to of win one of our 20 positions for the remaining five months of the 2011 GSBI program. Our collective task was to choose those who would benefit most by participating in the next three months of virtual learning, each individually matched with two Silicon Valley executives, then a two-week intensive in-residence program in August.
This year’s GSBI class was announced on April 13, 2011. Eight are women, the highest number and percentage ever. Eight are working in Africa, again the highest number and percentage ever, and also an encouraging trend. Six are from Asia, including India; two each are from Latin America and Haiti; and one each is from Europe or working globally. Twelve are working to provide clean energy to some of the 1.4B “off the grid” people, once more the highest number and percentage ever 45% offer a product, 40% offer a service, and 15% offer both to the poor communities they intend to transform for the better.
All of the 2011 GSBI class will present their business plans on August 18, the culmination of their work during the in-residence portion of the program. The presentations will be here on the Santa Clara University campus, with immediate feedback from a panel. Imagine a live, ‘best-of’ version of The Planet’s got Talent for helping the poor (but with genuinely helpful feedback), mark your calendars, and come hear how this amazing class will change the world.
Tuesday, Sep. 7, 2010
Friday, Aug. 27, 2010
The Center for Science Technology and Society was recently highlighted in an article on the Leavey School of Business published by The Association to Advance Collegiate Schools of Business. It focused on the Global Social Benefit Incubator (GSBI) and its work with entrepreneurs who work to serve communities in the bottom 4 billion people as well as some of CSTS' other social impact programs including The Tech Awards and the Social Enterprise Innovation Network (SEIN).
The article talked about CSTS' effort to assist in the development of graduate and undergraduate courses for the new core curriculum, and the faculty and student grant program. It then went on to discuss the work of the Center for Innovation and Entrepreneurship (CIE), the Entrepreneur Leadership Program, and CIE's new California Program for Entrepreneurship (CAPE).
To read the full text of the article visit: http://www.aacsb.edu/resources/innovation/spotlights/santa-clara.pdf