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Happy Holidays from the Center

Tuesday, Dec. 6, 2011

On behalf of the Center, we wish happy and healthy holidays to all of our GSBI alums, Tech laureates, partners, mentors, advisory board members, supporters, and other friends.

Last year, we set an audacious goal to promote the use of science and technology to benefit the lives of 1 billion impoverished people around our planet by 2020. The Center sharpened its focus in 2011 on three social benefit programs that enable progress towards this vision: entrepreneurship, through our signature Global Social Benefit Incubator™; innovation, including the rapidly evolving frugal innovation initiative; and social capital. According to the United Nations, the global population reached 7 billion at the end of October this year. Fully 4 billion, or 57%, are living in poverty at the “base of the pyramid.” Andy Lieberman’s article in the San Jose Mercury News captures well the power and potential of social entrepreneurship and innovation to solve the pressing needs of the global poor.

 
Our sector focus on off-grid, sustainable energy continued, enabling a successful launch of our Energy Map, which has won praise from numerous impact investors, foundations, and development agencies for its deep and thorough characterization of technology solutions and business models to meet the needs of the 1.5 billion people living without electricity and nearly 3 billion using wood fires or unsafe traditional stoves for cooking. Based on practical knowledge from GSBI applicants, we’ve started to explore “contextual” factors, such as government policies, that facilitate or inhibit adoption of appropriate technology solutions and business model innovations for off-grid, sustainable energy, including speaking at the OECD’s Better Innovation Policies for Better Lives Forum. Because our knowledge continues to deepen, we plan to continue the energy sector focus, particularly relevant given the UN’s declaration of 2012 as the Year of Sustainable Energy for All.
 
Our amazing 2011 GSBI Class included 11 social enterprises focused on off-grid energy, the highest number and percentage ever. We also made significant progress towards gender equality with 8 women entrepreneurs of 18 total, again the highest number and percentage. In concert with the rapid emergence of social entrepreneurship in Africa, 6 of this year’s class serve communities there, with the remainder including Cambodia, Guatemala, Haiti, India, Mexico, the Philippines, Slovakia, and Thailand.
 
With the enormous caveat that there are many forms of social benefit and no universal metric for assessing impact, analysis revealed that our 140 GSBI alums have collectively impacted the lives of 74 million people. Our strategy to positively impact the lives of 1 billion by 2020 is simple: help more social entrepreneurs help more people.
 
GSBI program extensions in development include GSBI Online and the GSBI Network. GSBI Online could potentially train hundreds or thousands of social entrepreneurs all over the world through proven core modules of our program. The GSBI Network leverages the International Association of Jesuit Business Schools to foster the development of GSBI-like programs that help social entrepreneurs build sustainable and scalable ventures. Towards this end, we have hosted a first working group at Santa Clara and have executed Memoranda of Understanding with Ateneo de Manila in the Philippines; the CK Prahalad Centre in Chennai, India; ESADE in Spain; and XLRI in Jamshedpur, India.
 
We also introduced substantial “capacity development” training for the 2011 Tech laureates, helping them craft succinct elevator pitches, create 2-page innovation profiles useful for fundraising, and explore different sources of capital. We continue to manage the nominations, applications, and judging processes, and are pleased that the 2012 categories include Sustainable Energy and Young Innovators, the latter of particular interest given our blossoming partnership with The Spirit of Innovation Awards.
 
A common need for all social entrepreneurs and innovators is access to appropriate forms of capital. Compared to the well-developed VC ecosystem, impact capital is poorly coordinated, creating higher costs for both investors and entrepreneurs. Under the leadership of John Kohler, we launched our Coordinating Impact Capital report in July, and with an in-depth workshop hosted by World Bank in early November.
 
Santa Clara University’s leadership in frugal innovation continues with an expanding portfolio of courses and practical projects that link social entrepreneurs to students and faculty, supported by the generosity of the Jeff and Karen Miller Faculty Fellowships in Frugal Innovation.
 
The endowed Willem P. Roelandts and Maria Constantino-Roelandts Grant Programfunds faculty and students from all departments and majors to research, develop, or apply science and technology for social benefit, broadly conceived.
 
The newly funded Global Social Benefit Fellowship Program will afford high potential juniors from all disciplines a comprehensive practical social justice experience conceived in memory of Fr. Paul Locatelli. 
 
Together, these programs provide the Santa Clara community unique opportunities to create a more just, humane, and sustainable world in accord with our Jesuit tradition. In 2012, our signature Global Social Benefit Incubator will enter its 10th year. In many ways, it is the “center of the Center” and we hope that you’ll join us in celebrating the accomplishments of these incredible social entrepreneurs who are changing the world and creating significant impact. We invite you to consider a gift to the Center to help us accelerate progress towards positively impacting the lives of 1 billion by 2020.

Thane Kreiner is the Executive Director of the Center for Science, Technology, and Society at Santa Clara University
 

 

Tags: GSBI, Impact Capital, social entrepreneurs

 


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