New Sei Presentation

College of Business Administration

Agenda Social Enterprise Institute Who is your favorite entrepreneur? What is SEI and what does SEI offer students? Domestic Programs International Programs Resources for student engagement & research

Social Entrepreneurship Social Enterprises Hybrid models, for-profit vs. non-profit models Playpump, Root Capital, Acumen Fund, Kickstart, Kiva and Nutriset

1

College of Business Administration

Who are some of your favorite social entrepreneurs?

2

College of Business Administration

Who are some of your favorite social entrepreneurs? “Business is about problem-solving, but it does not always have to be about maximizing profit. When I went into business, my interest was to figure out how to solve problems I see in front of me. That's why…I created Grameen Bank. So you can also have social objectives. Ask yourself these questions: Who are you? What kind of world do you want?” Muhammad Yunus

3

College of Business Administration

Another favorite entrepreneur “The Social Enterprise Institute at Northeastern University is grounded in the belief that business can be one of the most powerful weapons to alleviate poverty and empower people living in developing countries.” Dennis Shaughnessy

4

College of Business Administration

What is SEI and what does SEI offer students? Domestic Programs International Programs Resources for student engagement & research

5

College of Business Administration

What is SEI and what does SEI offer students? Domestic Programs Citizen Schools (urban engagement for middle school students) New urban micro-finance loan program for resettled refugees in the Boston area

6

College of Business Administration

What is SEI and what does SEI offer students? International Programs Field Study Programs (Dominican Republic, South Africa) New site locations include Northern India & the Himalayas as well as Central America Incorporate growing student interest in new emerging fields

7

College of Business Administration

Field Study Program Site Locations Summer 2010 Summer I 2010 Southeast Asia Program (new): May 3-30 (in progress) Dominican Republic Program: June 1-27 (village banking & rural micro-finance, research emphasis) Summer II 2010 Belize Program (new): June 29-July 25 (“green” or sustainable environmental development emphasis) South Africa Program: July 27-August 22 (urban entrepreneurs, consultation emphasis)

College of Business Administration

South Africa “Field” Study Program Summer 2008 NU students participated in a weekend of service to volunteer with orphans in the township of Gugulethu. The service project was in collaboration with another business NUTSiBA consulted with called Mhani Gingi, which means “creating wealth together” in Xhosa. Here, College of Arts and Sciences (CAS) middler Colette Kessler is featured with CBA Marketing junior Johanna Spittle and CBA Finance junior Katy Jerdee playing with several orphans from Gugulethu. Below, CAS middler Danielle Dobson stops to pose for a photo.

9

College of Business Administration

What is SEI and what does SEI offer students? Resources for student engagement & research Incubator program Grants for student research and co-ops (int’l and domestic)

10

College of Business Administration

Early Social Entrepreneurship Projects Microcredit program in a UNHCR refugee camp in Zambia

Microenterprise consulting program in the favelas of Rio deJaneiro A publishing start-up providing “peace” books for Nigerian schoolchildren A social networking site for newly diagnosed cancer patients in the greater Boston area A community outreach program to assist Boston public school graduates in closing the “unmet need” in financing a college education

Meheba Refugee Camp, Zambia 11

College of Business Administration

What is Social Entrepreneurship? An emerging discipline within entrepreneurship Fastest growing segment known as “social business”

Employing traditional entrepreneurship principles to address social problems such as poverty, disease, illiteracy and inadequate housing “Changing the world” through business

Includes both non-profit and for profit business models, and global and local enterprises and initiatives Leading business schools almost universally have SE programs: Harvard, MIT, Wharton, Stanford, Duke, Columbia, NYU

12

College of Business Administration

Social Enterprises using business solutions to end poverty Non Profit Organizations Kiva.org, Acumen Fund (non-profit venture fund)

For Profit Models Banco Compartamos, Nutriset

Hybrid Models For profit with a non-for profit in one Famous examples include Aravind Eye Care, FreePlay Energy, (where end user is not the same as the client), Grameen Bank

13

College of Business Administration

Videos Acumen Fund: http://www.youtube.com/watch?v=hGJMIMYIhl4 Kiva.org http://www.youtube.com/watch?v=MXk4GUGXNTQ Nutriset http://www.youtube.com/watch?v=6VSCMoRDp2c

14