This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.
This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.
Press Release – New York, NY, April 7, 2017 – New York based investment and holding company Magna that operates across multiple platforms ranging from global equities (Magna:equities), early stage private initiatives (Magna:ventures) and entertainment production and financing (Magna:entertainment) has now launched the Magna:initiative, a charitable arm of the company simply seeking to foster future generations of impactful entrepreneurship through the support of creative development and exploration at an early age; providing more children an opportunity to create music, play in bands and explore their own creativity. Something needed now more than ever as federal funding for the arts continues to decline.
“At Magna, we strongly believe a foundation of creativity, collaboration and the quest to inspire are at the core of any successful entrepreneur,” noted Magna Founder & CEO Josh Sason, who himself was a touring musician before founding the global investment firm at 22 he still leads. “In our view, there’s no better way to foster the development of these traits than through music; and specifically the experience that comes with playing in bands and creating the music that you love,” he concluded.
Starting strong out of the gate, the Magna:initiative has already partnered with two leading entrepreneurial educational institutions, BerkleeICE and Hofstra University, Sason’s alma mater, to solidify the Initiative’s thesis and create momentum to drive opportunities forward supporting the connection between the arts and successful entrepreneurs.
The collaboration between BerkleeICE and Magna will result in a thoroughly researched white paper that will substantiate the fact that music studies and a pursuit of music in the developmental years contributes to a higher propensity for impactful entrepreneurship later in life; something Sason firmly believes rings true about himself.
At Hofstra, the Magna:initiative has underwritten a new program within the university’s school of entrepreneurship focused around what the future of music and record labels could look like. This will once again allow students with a passion for music to see more clearly the connection between creativity and future business opportunity.
Sason’s goal for the Initiative is to “give back in a meaningful way.” Through the giving of money, time, energy and expertise, the Magna:initiative will first and foremost provide more children the opportunity to learn and create music that they enjoy in a collaborative manner with the foresight of how it contributes to greater opportunities in the future. In addition to the universities mentioned, benefactors may include the likes of the Grammy’s Foundation and Little Kids Rock. Beyond music, Sason will use the Initiative as the central vehicle for all of his philanthropic pursuits, which include active participation in Defy Ventures, The Jack Brewer Foundation and Charity:Water.
Throughout Magna’s tenure, the company’s open-minded approach to new ideas and unconventional opportunities has enabled its redefinition of the meaning of smart, meaningful investing – a sentiment that will carry over to the Magna:initiative in its pursuit towards harnessing creative instinct and habits to inspire the impactful entrepreneurs of tomorrow.
As part of the Forbes Under 30 Summit EMEA’s Service Day, Forbes 30 Under 30 honorees from all over the world engaged with Palestinian tech entrepreneurs to help accelerate the Palestinian entrepreneurial scene
Press Release – RAWABI, APRIL 6, 2017 – On April 5, 2017, Forbes led a conclave of some of the world’s top young entrepreneurs to Rawabi, a brand-new city designed to become a hub for Palestinian entrepreneurs, to meet local tech founders under the mission of fostering business collaboration in order to help advance co-existence. The excursion into Rawabi was part of Forbes Under 30 Summit EMEA’s “Service Day,” a program in partnership with The Pratt Foundation designed to give back to the local community.
“The city of Rawabi is a massively ambitious and optimistic project,” said Randall Lane, Forbes magazine Editor and creator of the Forbes Under 30 franchise. “Our goal with Service Day was to start a dialogue between top young international entrepreneurs and Palestinian tech entrepreneurs and leave this region better than we found it.”
More than 50 entrepreneurs and game-changers from 20 different countries heard presentations from a group of 60 Palestinian tech entrepreneurs, ranging from the founders of NIMD and Baskalet to Mashvisor and Asal Technologies. The discussion between the two groups revolved around possible partnerships to accelerate the Palestinian entrepreneur scene and culminated in a lunch under a Bedouin tent overlooking the entire valley.
Rawabi was the vision of Bashar Masri who, with the continued support of the international community, created a unique city with world-class infrastructure and a tech hub.
“In 2007, we began with a vision to build Rawabi into a city that would create a better life for our people and also serve as a tech destination for the business community,” said Bashar Masri, Founder of Rawabi. “By bringing in groups like the Forbes 30 Under 30 honorees, we hope to foster partnerships between Palestinian tech entrepreneurs and our international peers. We can help and learn from each other and together further the common cause of the betterment of society.”
Forbes’ “Service Day” in Rawabi was a collaboration between Forbes and The Portland Trust, which promotes co-existence and stability between Israelis and Palestinians through economic development.
“Rawabi serves as an example of a tremendous impact investment with significant benefits on Palestinian society,” said Sir Ronald Cohen, Founder of The Portland Trust. “If you want to have impact, you need scale. If you think big, there’s that much more you can achieve. By bringing groups like the Forbes 30 Under 30 honorees together with Palestinian entrepreneurs, we hope to encourage talented business minds to think big together.”
For the Forbes Under 30 Summit EMEA, held in Tel Aviv and Jerusalem, April 2-6, Forbes convened more than 700 of the world’s most influential young entrepreneurs from the U.S., Europe and Israel, as culled from Forbes’ 30 Under 30 lists. At the summit, Forbes featured panels, interviews, performances, product demos and keynote addresses, showcasing the most cutting-edge innovators and disruptors, and provided mentorship from successful business leaders. To view the agenda and full speaker line-up, please visit: www.forbesconferences.com/event/2017-forbes-under-30-summit-jerusalem-tel-aviv/.
Partners and Sponsors of the 2017 Forbes Under 30 Summit EMEA
The 2017 Forbes Under 30 Summit EMEA was presented in partnership with the Charles and Lynn Schusterman Family Foundation, The Pratt Foundation and The Paul E. Singer Foundation. Content partners included Start-Up Nation Central and REALITY Israel. The Presenting Sponsors for the summit were Lokai and LABS. Gett was the official Transportation Partner.
About Forbes Media
Forbes Media is a global media, branding and technology company with a focus on news and information about business, investing, technology, entrepreneurship, leadership and affluent lifestyles. The company publishes Forbes and Forbes Asia magazines as well as Forbes.com. The Forbes brand today reaches more than 94 million people worldwide with its business message each month through its magazines and 38 licensed local editions around the globe, websites, TV, conferences, research, social and mobile platforms. Forbes Media’s brand extensions include conferences, real estate, education, financial services and technology license agreements.
About Charles and Lynn Schusterman Family Foundation
The Charles and Lynn Schusterman Family Foundation is a global organization that seeks to ignite the passion and unleash the power in young people to create positive change. Schusterman pursues its mission by working collaboratively with others to support and operate high-quality education, identity development, leadership training and service programs designed to help young people cultivate their growth as individuals and as leaders. Schusterman’s work emphasizes efforts to improve public education in the United States and strengthen the global Jewish community and Israel. Visit www.schusterman.org and follow us on Twitter and Facebook.
About The Paul E. Singer Foundation
The mission of The Paul E. Singer Foundation is to support innovative and effective organizations that work to strengthen our American democracy and democracies around the world. The Foundation work to date has focused on supporting research and scholars in the areas of free-market economics, the rule of law, U.S. national security, and the future of Israel, as well as LGBT equality efforts and health-care delivery innovation. For additional information, please visit thepesfoundation.org.
About The Pratt Foundation
The Pratt Foundation is an Australian-based grant-maker which funds philanthropic projects internationally, with a focus on Australia, Israel, Asia and the United States. Its priorities include food and water security, environmental sustainability, innovation and social entrepreneurship, mental health, Aboriginal education, medical research, family welfare, inter-faith dialogue, and the arts.
About REALITY Israel
REALITY Israel is a transformative leadership development journey through Israel for global changemakers on a mission to repair the world. It is designed to encourage participants to explore the values that drive their commitment to social change and to give them the tools to apply what they learn to their work. REALITY is an initiative of the Charles and Lynn Schusterman Family Foundation.
About Start-Up Nation Central
Start-Up Nation Central connects companies and countries to the people and technologies in Israel that can solve their most pressing challenges. Start-Up Nation Central provides international clients with their first tangible point of connection to the Israeli innovation ecosystem while offering the largest and most up-to-date platfor and connectivity to more than 6,000 Israeli companies across multiple industries and domains.
Lokai is a socially responsible lifestyle brand that represents the importance of finding balance along life’s journey. Steven Izen founded the company in 2013, on the heels of a deeply emotional and transformative experience. Realizing that life is a cycle of highs and lows, he grew to appreciate the importance of remaining both humble and hopeful. The company infuses its trademark bracelets with elements sourced from the highest and lowest points on Earth – water from Mt. Everest and mud from the Dead Sea. The Lokai lifestyle is devoted to finding balance, sharing success during life’s peaks and gaining perspective during lows. Lokai supports this message by donating 10% of net profits to various charitable organizations. Since launching, Lokai is sold in over 160 countries. Please visit www.lokai.com for more information. www.Instagram.com/livelokai. www.Twitter.com/livelokai . www.Facebook.com/iivelokai.
LABS is a Market Tech company that is being established and which will compete in the co-working market, offering large facilities at attractive locations in select cities around the world. A new facility will be opened in London in June, followed by two additional facilities opening in Tel Aviv. Facilities are planned in Paris and Berlin in 2018 and possibly in the U.S.
Gett (previously GetTaxi) is a global on-demand mobility company. #1 in Europe, Gett operates in 100+ cities, including NYC, London, Moscow and Tel Aviv. With >6k corporate clients worldwide, Gett for Business is the leading B2B player globally. Founded in 2010, Gett is disrupting on-demand transportation, goods and services, and changing the way people move around and Gett things. With >$500M in revenues, Gett continues to grow 3X YoY. Gett raised $640 million in venture funding and was selected by FORBES as a one of the top 15 explosively growing companies.
“We have arrived at an era of making profit with purpose,” said Sir Ronald Cohen, the “father of social business,” at the Forbes Under 30 Summit EMEA
Press Release – April 3, 2017 – Tel Aviv, Israel – Sir Ronald Cohen, Co-Founder of Apax Partners and Chairman of the Global Social Impact Investment Steering Group and The Portland Trust, said today at the Forbes Under 30 Summit EMEA that “we arrived at the idea of profits with purpose” during his “Fireside chat” with Forbes’ Editor, Randall Lane.
“What attracted me to venture capital was that I always had my eyes fixed on change,” said Cohen to room of entrepreneurs. “In the case of impact investing today, we’re in an era of defining change. Today the world has already shifted, but most people haven’t noticed it, from measuring risk and return, to measuring risk, return and impact. Life has to be more about just making money. It has to be possible to improve people’s lives and to improve the planet, at the same time as making money.”
Cohen pointed out how investing can have far reaching impact even on issues where governments struggle. “Governments are saying come and show me new ways that we can tackle social issues more effectively. Innovation comes from young entrepreneurs.”
Finally, he concluded by providing the young innovators his one and only key to success. “Start young, think big, stick with it – do those 3 things and you’ll be very successful.”
The Under 30 Summit EMEA convenes the greatest young entrepreneurs and game-changers from America, Europe, the Middle East and Africa to foster world-changing ideas and collaborations. Host cities, Tel Aviv and Jerusalem, serve as a perfect backdrop: they are the most entrepreneurial places on the planet, with more startups per capita than Silicon Valley.
Polaris defines 25 types of modern slavery, breaking down previous frameworks
Press Release – WASHINGTON, D.C. (March 29, 2017)—Polaris, a leader in the global fight to eradicate modern slavery and help survivors restore their freedom, released a new report today, The Typology of Modern Slavery, that breaks down instances of sex and labor trafficking into 25 distinct categories, detailing the unique trafficker profile, recruitment tactics, victim profile, and method of control for each different subset of modern slavery.
The report is based off the largest data set on human trafficking ever publicly compiled and analyzed in the United States. It restructures previously conceived frameworks around sex and labor trafficking, offering a new, more effective look at the causes and potential solutions to modern slavery in the U.S.
VIEW THE REPORT HERE: www.polarisproject.org/typology
In The Typology of Modern Slavery, Polaris’s research team proposes a classification system that identifies 25 distinct types of human trafficking in the United States, including:
“One of the primary challenges to ending modern slavery has been the lack of data to understand the problem,” said Bradley Myles, CEO of Polaris. “The Typology of Modern Slavery offers a new map to understand how human trafficking manifests throughout the country.”
“Perpetrators of human trafficking often operate in the shadows, making it a challenge to interrupt the systems that support them,” said Colorado Attorney General Cynthia H. Coffman. “This report provides a comprehensive look at the typology of modern slavery that will help prosecutors protect victims and pursue criminals.”
“These are the tools that survivors and advocates need to revolutionize a movement and put an end to modern slavery,” said Rebecca Bender, survivor advocate and CEO/Founder of the Rebecca Bender Initiative. “With a better understanding, we will have a better chance to help people fight these systems of control and oppression.”
“Polaris analyzed more than 32,000 cases of human trafficking to develop a classification system that identifies 25 types of modern slavery,” said Jennifer Penrose, Data Analysis Director at Polaris. “From escort services to traveling sales crews, the ways humans are exploited differ greatly, as do ways to combat the problem.”
The report relies on data gathered from Polaris-operated hotlines between December 2007 and December 2016. During that time period, Polaris received reports of 32,208 cases of potential human trafficking and 10,085 potential cases of labor exploitation. The Typology report offers the next step in creating a world without slavery. Polaris invites survivors, practitioners, and experts in the field to help refine this classification system and make it even more accurate and robust by contributing cases, data, and firsthand experiences beyond those included in the report.
Funding for the Typology report was provided through a grant from Google, a longtime partner to Polaris and supporter of anti-human trafficking work throughout the world. On Monday, Polaris was awarded the 2017 Skoll Award for Social Entrepreneurship from the Skoll Foundation, which recognizes organizations that disrupt the status quo, drive sustainable large-scale change, and are poised to create an even greater impact in the world.
Successful Trials Could Lead The Way To A Cure Within 5 Years
Press Release – APOPO, the non-profit social enterprise which trains rats to detect hidden landmines and tuberculosis in sputum samples, is today adding man-flu detection to its list of specialist services.
After 10 years of scientific research, and a successful 6-month field trial, APOPO is set to launch the first low-cost, high-impact solution to a modern day health crisis. The man-flu virus – an aggressive mutation of the common cold – is feared across the world for its ability to render healthy men helpless, hopeless and hapless. Common symptoms include lethargy, apathy, and an involuntary craving for endless sympathy.
APOPO’s extensive laboratory research on patients living with man-flu, discovered the virus produces a unique ‘scent signature’ that’s undetectable to humans, but which can be identified quickly and easily by a specially trained African giant pouched rat.
Charlie Richter, APOPO’s US Director, commented “The Man-Flu Detection Rat (MFDR) is the culmination of years of research and represents the cutting-edge of scent detection technology. Manflu costs the global economy billions in lost revenue and man-hours annually, and we’re convinced our MFDRs can play a crucial role in helping bring the virus under control. Early detection could point the way to a cure that will alleviate the suffering, not just of men with the virus, but also their families, friends, neighbours, the postman, milkman and anyone else subject to their barrage of self-pity.”
Haylee Ellis, Behavioural Researcher at APOPO, added “It turns out men were right all along. When they get the flu, their immune system goes into overdrive, which explains why their symptoms are much more severe than women’s. Our rats are capable of detecting this immunological hyperactivity, and reliably indicating almost exclusively over samples obtained from males.”
Listen for Good 2017 Request for Proposals Posted
Press Release – Shared Insight is excited to announce that it is offering up to 75 Listen for Good (L4G) grants in 2017.
The goal of L4G is to help nonprofit organizations—across issue areas, populations served, geographies and budget levels—build the practice of high-quality feedback loops with those they serve. The L4G methodology is simple, yet systematic and rigorous. In order to engage more funders in supporting beneficiary feedback efforts and using the data to inform their work, L4G is structured as a co-funding opportunity.
To participate in L4G, a nonprofit must be nominated by a current funder (existing or new). If the nonprofit(s) a funder nominates is selected to participate, the nominating funder will contribute $15,000 of the $45,000 grant total for each nonprofit selected. Grantees will receive a grant of $45,000 over two years: $30,000 paid the first year and $15,000 the second year. Shared Insight will accept proposals from funder-nominated nonprofits through May 26, 2017.
In addition, Shared Insight will hold two informational webinars for potential nominating funders:
New Core Funders Join Fund for Shared Insight
Since July 2014, Shared Insight core funders have pooled financial and other resources to make grants to improve philanthropy. The initiative is delighted to announce four new core funders have joined this collaborative effort: the Einhorn Family Charitable Trust, the Bill & Melinda Gates Foundation, The James Irvine Foundation, and The Rockefeller Foundation.
The original core funders of Shared Insight are the David and Lucile Packard Foundation, the Ford Foundation, the Gordon and Betty Moore Foundation, The JPB Foundation, Liquidnet, the Rita Allen Foundation, the William and Flora Hewlett Foundation, and the W.K. Kellogg Foundation.
Omidyar Network Supports Shared Insight
Shared Insight is also delighted to welcome the Omidyar Network as its newest funding partner, supporting its efforts to improve philanthropy through a one-year grant. With this latest additional funder, there are now 39 funding organizations participating in Shared Insight either as core funders, additional funders, or Listen for Good co-funders.
Travelers can enjoy two unique experiences on one voyage — the rich history and culture of Cuba’s second largest city and Amber Cove on the northern coast of the Dominican Republic, one of the Caribbean’s newest destinations
Press Release – MIAMI, March 30, 2017 – Fathom, one of Carnival Corporation’s (NYSE/LSE: CCL; NYSE: CUK) 10 global cruise brands, offers one of the travel industry’s most unique experiences – a “Cultures of the Caribbean” cruise that visits the charming Cuban city of Santiago de Cuba and then travels to Amber Cove on the northern coast of the Dominican Republic for the Fathom brand’s highly rated social impact activities.
Fathom’s Adonia departs from PortMiami on April 9, April 23 and May 7, and the voyage takes travelers to two beautiful and memorable destinations.
The first port of call is Santiago de Cuba, the country’s second-largest city, giving travelers a look at its colorful traditions, ranging from historic sceneries to remarkable memorials and a rare collection of cannons. Known for its legendary music scene and electric culture influenced by African, French and Spanish tradition and a bustling vibe, Santiago de Cuba is carving out a niche for itself as an “Alternative Cuba.” With an energy considered by many equal to or even exceeding Havana, travelers will quickly understand the difference between the two cities as they walk through the colorful streets populated with unique street vendors and a vibrant community.
Some of the key highlights of this Cuban gem include San Juan Hill, the site of a pivotal battle during the Spanish–American War; Castillo de San Pedro de la Roca, a stone fortress perching high atop Bahía de Santiago de Cuba that took over 60 years to complete; and Cementerio de Santa Ifigenia, the final resting place of famed Cuban hero José Martí – the 19th century poet and political theorist – as he remains a figure central to Cuba’s national identity.
“One of my favorite things about Santiago de Cuba is witnessing the rare beauty and charm of the city — the people have great energy, the sights are captivating and the vibe is super cool. We want our travelers to walk away with lifelong memories, and Santiago de Cuba delivers,” said Tara Russell, president of Fathom and global impact lead for Carnival Corporation. “With Fathom’s people-to-people experiences, travelers have the opportunity to engage with the Cuban people and discover the sights and sounds of this magnetic country. The challenge won’t be falling in love with Cuba; the challenge will be not wanting to leave.”
After the visit to Santiago de Cuba, travelers head to Amber Cove in the Dominican Republic where they can be part of a bigger story while coming alongside new Dominican friends and communities. While there, travelers can participate in unforgettable impact activities alongside local residents and be a part of creating powerful and sustainable change.
Specific impact activities include building water filters for Dominican homes; helping a women’s cooperative produce artisan chocolates; improving homes and common areas in impoverished communities; assisting arts and crafts entrepreneurs; participating in community English-language retention activities; and supporting reforestation efforts.
The Cultures of Caribbean itinerary includes:
Pricing for Fathom’s seven-day “Cultures of Caribbean” itinerary to the Dominican Republic and Santiago de Cuba start at $399. The price includes all meals on the ship and lunch in Santiago de Cuba, lunch during Dominican Republic impact activities, onboard experiences and select on-the-ground activities. Taxes, fees, port expenses, gratuities and Cuban visa excluded. The required Cuban travel visa is $75 per person and gratuities are estimated at $80.50 per person.
To reserve a spot on future sailings, travelers may call Fathom toll-free at 1-855-932-8466 or work with a travel professional. Learn more at www.Fathom.org.
About Fathom Travel
Fathom pioneered a new category of travel designed to give travelers meaningful, engaging experiences that take people deep into the heart of a destination, inviting rich human connections between travelers and local people. Fathom currently offers uniquely different round-trip voyages from Miami into the heart of two of the Caribbean’s most desired destinations – the Dominican Republic and Cuba – where travelers may explore the places and discover its people in unconventional ways and for longer amounts of time.
What sets Fathom apart is the deep human connections, along with the rich and playful onboard and onshore journey, that was created for travelers who want to engage deeply and experience new places in purposeful ways. Lighthearted localized and personal enrichment onboard activities are available for travelers of all ages, and prepare and inform them about the communities they will visit. Travelers will also find new ways to discover themselves through onboard activities such as “storytelling and curiosity workshops.”
On the ground, Fathom helps travelers disconnect from the usual, and connect with new people and places to explore the world in unexpected ways. For example, in the Dominican Republic travelers may spend time alongside locals participating in activities that support and amplify existing programs that matter to the local communities, including planting trees, making chocolate and creating water filters. In Cuba, travelers get an up-close and personal look at the rich fabric of Cuban society as they enjoy people to people connections with local artists, musicians, business owners and families in the cities of Havana, Cienfuegos and Santiago de Cuba.
Late in 2016, Fathom began expanding and evolving to better serve the broader audience of travelers that sail with Carnival Corporation annually. Beginning in November 2016, the Fathom experiences on the ground in the Dominican Republic were made available as experiential excursions in the Dominican Republic aboard six other Carnival Corporation brands that call on Amber Cove, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Holland America Line, Princess Cruises and P&O Cruises UK. Additionally, Fathom experiences will soon be offered onboard its sister brands, and in new and exciting ways in other parts of the world.
For more information about Fathom or to book a voyage, contact your travel professional, call Fathom toll-free at 1-855-932-8466 or visit www.Fathom.org.
Global Entrepreneurs Recognized for Work Benefiting Vulnerable Populations
Press Release – DENVER (March 29, 2017) – Eleanor Allen, CEO of Water For People, was honored today as a 2017 Schwab Foundation Social Entrepreneur of the Year. Allen, along with fifteen other international professionals, was chosen by the board of the Schwab Foundation for Social Entrepreneurship. The prestigious program acknowledges entrepreneurs’ innovative approaches and potential for impact in solving global social issues.
Allen and Water For People were selected for their ability to create lasting social change by shifting the systems that supply water and sanitation services to be more reliable. Through Water for People’s Everyone Forever impact model, the organization helps promote the development of high-quality drinking water and sanitation services, accessible to all, and sustained by strong communities, businesses, and governments.
To achieve this, Water For People partners with local leaders, governments and entrepreneurs to effectively build infrastructure, and create, own and operate their own water and sanitation utilities/service providers. This enables communities to be self-sufficient and accelerates their social progress. The organization currently works in nine countries.
With Allen at the helm, Water For People is working to solve one of the world’s most pervasive challenges, the global water crisis. More than 1.8 billion people around the world lack access to safe water and more than 2.4 billion people lack sanitation services; more than 840,000 people die each year from water-related diseases.
“It is an honor to be recognized by the Schwab Foundation and alongside inspiring social entrepreneurs who are working so hard to change the world we live in,” said Eleanor Allen, CEO of Water For People. “Water changes everything. In every community, water lays the foundation for health, education and economic prosperity. Those are the ingredients for social progress.”
Allen looks forward to the opportunity to collaborate with global leaders and further Water For People’s mission to ensure that every person has access to reliable and safe water and sanitation services for generations to come. This year’s Schwab Foundation Social Entrepreneur of the Year honorees join a prestigious network of more than 300 social entrepreneurs from 60 countries.
“Social entrepreneurs are crucial to the global conversation about inclusive growth; they are innovators who use market forces and business discipline to provide solutions for local problems and improve the lives of low-income and marginalized people,” said Katherine Milligan, Head of the Schwab Foundation.
According to the Schwab Foundation, a social entrepreneur is a leader, or organization, that achieves large scale, systemic and sustainable social change through a new invention, a different approach, a more rigorous application of known technologies or strategies, or a combination of these. Social progress is defined as the improvement of social, political and economic structures.
The Schwab Foundation for Social Entrepreneurship was founded in 1998 by Hilde and Klaus Schwab and is known as the sister organization of the World Economic Forum. Schwab Foundation Social Entrepreneurs are fully integrated into the events and initiatives of the World Economic Forum. They contribute to and benefit from peer-to-peer exchanges with other social entrepreneurs as well as interactions with leaders in business, government, civil society and the media.
To learn more about Water For People or the communities it works in, visit waterforpeople.org.
About Water For People
Founded in 1991, Denver, CO based Water For People is a global nonprofit working across 9 countries in Latin America, India, and Africa to achieve lasting quality water and sanitation services. Water For People brings together communities, local entrepreneurs, and governments, to build, operate and maintain their own reliable water and sanitation systems and services.
Currently working in 30 districts with 4 million people, Water For People is growing to deliver services to over 7 million people in 50 districts globally over the next 10 years. Water For People is also working at the national level in Rwanda, Uganda, Bolivia and Honduras. Learn more at WaterForPeople.org.
Press Release – Singapore — March 28th, 2017 — Durreen Shahnaz, Founder of Singapore-based Impact Enterprise IIX (Impact Investment Exchange) and the IIX Foundation, was selected as a 2017 Business for Peace Award Honoree for her commitment to promoting an evolved form of capitalism that values both financial returns and positive social and environmental impact. IIX, through its work over the last eight years, has effectively created a social capital market in Asia, connecting investment to development and unlocking millions of dollars for high-impact enterprises, resulting in impacting over eight million lives.
Durreen Shahnaz is no stranger to redefining the status quo. She was the first Bangladeshi woman to work on Wall Street and to graduate from the renowned Wharton School of Business. Shahnaz’s first entrepreneurial venture was in 1999 when she began an e-commerce company that connected rural artisans worldwide to an online global marketplace with oneNest. After growing and selling oneNest, she continued her pursuit of sustainable growth and equitable markets by founding IIX, the Impact Investment Exchange, and creating not only the world’s first social stock exchange but also a global ecosystem and various innovative financial structures and capital-raising platforms to support the growth of impact investing. Under Shahnaz’s leadership, IIX continues to be a pioneering force and leader in the impact investing space that pushes the boundaries of innovation when it comes to involving players from the private, public, and philanthropic sectors in solving today’s most pressing issues.
Shahnaz explains, “If we are going to achieve an equitable and peaceful society, it is imperative for us to have a financial system that is inclusive and works for all. Thus, crazy as it may have been, I committed myself eight years ago to revolutionizing capital markets to promote equal and sustainable growth worldwide. It was a ‘quixotic dream’ equivalent to boiling the ocean of financial change. Well, that quixotic dream is a reality now and that ocean is lukewarm, so we are definitely getting there!”
The 2017 Oslo Business for Peace Award highlights exceptional individuals who are able to ethically create economic value while generating value for society. Recipients are selected by a committee of Nobel Prize winners and past award recipients include Sir Richard Branson of Virgin (2014), Ratan Tata of Tata Group (2010), Mo Ibrahim of Mo Ibrahim Foundation (2009), and Paul Polman of Unilever (2015). This year, the four honorees, including Durreen Shahnaz, will be presented to the public and the media at an Award Ceremony on Tuesday 16 May, 2017 in Oslo City Hall, the same location as that of the Nobel Peace Prize ceremony.
“Impact Investing has been growing rapidly in recent years and I am honored to be recognized as an innovator at the forefront of this movement. I view this award as a celebration of both the progress we have made to date as well as an encouragement to continue to dedicate myself and IIX to this mission and impact 100 million lives by 2020 by changing finance and financing change for social and environmental good.” Shahnaz shares.
IIX is a Singapore-based impact enterprise that bridges the gap between finance and development, carving out third space for global social and environmental solutions by unlocking investment capital. As a pioneer of impact investing, IIX builds pathways to connect the Wall Streets of the world with the backstreets of underserved communities. IIX platforms and innovative financial products enable impact enterprises to accelerate their business and positive impact, while pushing the impact investing space from the margins to the mainstream. To date, the work of IIX has spanned 20 countries and continues to expand with the mission of improving 100 million lives by 2020.
About IIX Foundation
IIX Foundation focuses primarily on the program management of grant-funded projects. With IIX Foundation’s flagship program IIX ACTS, the foundation supports early and growth stage social enterprises to raise capital so that they can thrive, grow, and impact more lives. In addition, IIX Foundation creates opportunities for blended capital to leverage philanthropy funding to unlock investment capital.
Press Release – Tuesday, 28 March 2017 16:35: Elon Musk is one of four winners of this year’s Oslo Business for Peace Award. He is given the prize for his pioneer work within sustainable transportation. The Honourees will receive the award in a ceremony in Oslo City Hall on the 16th of May.
The three other winners are Durreen Shahnaz, Dr Harley Seyedin and Murad Al-Katib.
Durreen Shahnaz receives the award for her work in spearheading the transformation of the way financial and capital markets work, focusing on purpose and maximising impact. Her work in Impact Investment Exchange Asia (IIX), the world’s first stock exchange dedicated to social enterprises – which she founded in 2009, has positively impacted 10 million lives to date.
Dr Harley Seyedin is an Iranian immigrant to USA, who has spent his life building a multi-national electricity and low carbon infrastructure development business with great success in China and the Philippines. He has lived more than 20 years in China and for the past nine years he has held the position as president of the American Chamber of Commerce in South China.
Murad Al-Katib, son of Turkish immigrants to Canada, receives the Award for his entrepreneurship in leading the way in sustainable agriculture and contributing to feeding millions of refugee families in the Syrian crisis.
Elon Musk receives the Award for his leadership of the way forward in the automotive industry, and for his showcasing of business’ ability to help confront and solve the world’s most demanding and complex problems. The battery technology of Tesla has recently been successfully combined with solar energy in his company SolarCity, USA’s second largest provider of solar systems.
The full justification from the Award Committee can be read here.
The announcement of the 2017 Honourees was made by Secretary General John Danilovich of the International Chamber of Commerce (ICC) at an event in Oslo City Hall on the 28th of March, hosted by the governing mayor of Oslo, Raymond Johansen.
Committee of Nobel Laureates
An independent committee of five Nobel Laureates in peace and economics selects the Honourees from a pool of nominees put forward by the UN Development Program, UN Global Compact and the International Chamber of Commerce. The Award Committee members are Nobel laureates Ouided Bouchamaoui, Dr Shirin Ebadi, Leymah Gbowee, Finn Kydland and Michael Spence.
The four Honourees will receive the award in a ceremony in Oslo City Hall on the 16th of May, as part of the annual Business for Peace Summit. The theme for this year’s Summit is “Brundtland + 30 – Breakthrough Ideas for Futureproofing the Global Economy.” Dr Gro Harlem Brundtland herself will give the key note speech.
About the Business for Peace Foundation
The Oslo Business for Peace Award is granted by the Business for Peace Foundation. The Oslo based Foundation honour individual leaders who in an ethical and responsible way create value for business and society, and thereby help to build a peaceful and prosperous environment where all can thrive. The Foundation’s vision is that all business leaders have as their purpose to improve society — to be businessworthy.