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The Regional Social Enterprise Knowledge & Partnership Symposium: Social Enterprise for a Sustainable Future in Asia, held on the 15th and 16th of November has come to a spectacular close. I would like to give thanks to all co-organizing partners, namely the Thai Social Enterprise Office, the British Council, K r u n g t h e p T u r a k i j n e w s p a p e r, a n d ChangeFusion Institute. I believe that Symposium will generate the essential momentum that will drive the growth of social enterprise sector in Asia, especially in Thailand. Apart from being a platform where hundreds of social entrepreneurs and industry professionals convened to share their ideas and experiences, the Symposium is also a birthplace for Social Enterprise Network Asia, which is a network that positions itself to be the main driving force for the growth of social enterprise and social innovation in Asia.
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
For the second issue of CHANGE Magazine, we would like to share everyone the insightful topics which were openly shared and healthy debated at the Symposium, as well as the direction of social enterprise in Thailand and in other countries across Asia. We hope that this issue of CHANGE Magazine would inspire, and spread the message of a sustainable future through social enterprise from the Symposium to everyone, both within Asia and Thailand.
Ideas Thailand: 5 top-voted winners from Thailand first policy crowd-sourcing initiative 25 November 2010 Ideas Thailand Project has formally come to a close on 25th November 2010 with the winners of the project having been announced. After undergoing through a rigorous selection process, 3,000 ideas were shortlisted into 20 ideas for people to vote for their favorite ideas. Selected based on the number of votes from an online poll and regular mail voting, 5 top-voted ideas have now been provided with a research funding of 100,000 baht and various support from the Thai government to implement these ideas. This has been the first time in the history of the Royal Thai Government where a policy crowd-sourcing initiative has been launched, giving the chance for any individual to submit their ideal solutions and dream projects to the government, both online and offline. For more information, please visit: http://pm.go.th/ ideasforthailand/
o5 COVER STORY: o9 CHANGE CASE 13 17 19 21
CHANGE INSIGHT CHANGE INSPIRE CHANGE PEOPLE TESTIMONIAL
Future 100 Award: Celebrating the UK’s Leading Young Social Entrepreneur 19 November 2010 The prestigious Future 100 Awards have been announced under the exciting ‘Social Enterprise Day 2010’ event. Celebrated at the British Library, in the UK, the award aims to raise the profile of young social entrepreneurs aged 18-35, who demonstrates an outstanding flair for entrepreneurship and innovation skill. The Future 100 was organized by ‘Striding Out’, a social enterprise established to inspire and vigorously support social entrepreneurs in the UK. For more information about the 100 winners, pleaser visit: http://www.future100.co.uk/
4 Application to GSVC South East Asia Round for 2010-2011 is now open! The Global Social Venture Competition (GSVC) is now opened for the South East Asian participants who have a strong, innovative business idea for social and environmental impact. GSVC is the first competition to promote graduate-student entrepreneurs, initiated by University of California, Berkeley in 1999. Since 2007, Thammasat University has been the first university in South East Asia that has partnered in hosting the competition. The First Finnish Social Enterprise Conference; 24-25th November 2010 The first Finnish social enterprise conference was held on 24-25th November 2010. With the aim to generating inspiration for participants start social enterprise by showing the best practices and social innovation, the event-cum-exhibition showcased many special sessions with the keynote speakers from the UK and Finland such as Barry Roberts of Turning Point and Nigel Lowthro of Hill Holt Wood. For more information, www.socialbusinessint.com/ please visit:
For more information, please visit: www.gsvc-sea.org/ index.html
Seventh Annual Conference on Social Entrepreneurship This two-day conference held on 3-5th November 2010 was an assembly of leaders in social entrepreneurship such as social entrepreneurs, investors and philanthropists, scholars, educators, and thought leaders. The event featured discussions of concept and themes in social entrepreneurship research by the scholars in the field and the measurement of social impact, which has become an essential business benchmark for mature social entrepreneurship. For more information, please visit: http:// w4.stern.nyu.edu/
AKI opened the new house. The Asian Knowledge Institute (AKI) celebrated its brand-new city campus at the Interchange Building on Sukhumvit Road. Established in 2009, the institute aims to produce the next generation Asian business leaders and is focused on building an extensive network throughout Asia. Apirak Kosayodhin, the Founder and President of the University Committee, gave short yet inspirational speech on the rising of Asia, having said that, “This current era belongs to the Asian. Every trend has centralized to the region. It is time for Asia to hold the wheel of fortune and sustainable practice as its core.” Also launched at the event is AKI’s latest curriculum, the ‘Executive Program in Asian Business Leadership’, which is currently accepting applications and will commence in 2011. For more information, please visit: www.akiedu.org/
Asia’s Sustainable Growth !
“The rise of social enterprises and social entrepreneurship is significant in terms of not only filling the gap of governmental and market failure, but also empowering the people’s dignity and ingenuity to change our society for the better.” Buddhist Saicho, a well-known monk in Japanese history, mentioned "If you Light Up A Small Corner of Society, You are the Treasure of Society." “This is the starting point of our conversation. May your passion and efforts connect with other individuals and become a synergetic stream to change the world!!”
Hideyuki Inoue Founder and President Social Venture Partners Tokyo Helping the poor while achieving financial returns, making a living from protecting environment, being a profitable enterprise and contributing to the society at the same time, these are just some of the reasons for that social entrepreneurs has given for starting their social enterprise. Although profit making and contributing to society seem to be in totally different world, in reality it has already been proven that both concepts can go along together. The concept is referred to as the “triple bottom line”. Conceptually, it suggests that there are 3 criteria in implementing sustainable management, which consists of social responsibility, environmental friendliness, and financial viability. Although not yet mainstream, it is unarguable that nowadays many businesses nowadays are more likely to be required to integrate aspects of the concept of the triple bottom line into its fundamental analysis. In other words, sustainability has become an important component for consideration for any business. Therefore, it is foreseeable that social business and social enterprise are becoming the next big trend in the private sector. According to the data provided by the Office of the Third Sector in the UK, there are 62,000 social enterprises which produces 45 billion US dollars in turnover; that amount is equal to 1 percent of the country’s GDP. These enterprises are not only creating immeasurable amounts of social impacts for the country, they are in essence becoming a significant contributor to the economy.
The fact implies that the social sector nowadays no longer solely need to rely on grants, since with a clear revenue generation models, social enterprise can become self-sufficient and less dependent on donors. Quickly glancing across Asia, India and Bangladesh have long been regarded as the two most advanced countries in term of social innovation. They have been home to many world-renowed social enterprises. For instance, Grameen Bank is one of the most globally recognized micro-finance institution, founded by Professor Muhammad Yunus. Principle to the foundation of Grameen Bank is that by providing small loans, also known as micro-finance loan, the poor are given an opportunity to own a small business that would allow them to establish creditworthiness and financial selfsufficiency. As a result, social problems resulting from poverty would be reduce through financial empowerment. Furthermore, apart from micro-financing, Professor Yunus is also an ardent supporter of the concept of social business and has often engaged large corporations in addressing social issues. As a consequence, Professor Yunus has taken an initiative in establishing the Yunus Centre around the world in order to p ro m o t e s t h i s g re a t c o n c e p t a n d practice.
Agriculture Products and Food
A Huge Market
Source: Harvard Business Review - September 2010
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
7 As for Thailand, although the concept of social enterprise has not yet become a buzzword, it does not mean that social enterprises does not exist in Thailand. One of the most successful social enterprise in Thailand is perhaps Mae Fah Luang Foundation under Royal Patronage. The foundation supports sustainable career path for people within the Mae Fah Luang community. Through this promotion, locals hill-tribe villagers are prepared to become self-reliant in terms of production planning and business management. In the end, after undergoing an extensive development process, the community was able to establish a brand of coffee, Doi Tung, that could equally compete on the same level with other international and domestic coffee brands. The key difference, however, lies in the fact that Doi Tung coffee help enhance the living quality of the people in the Mae Fah Luang community, and the profits are reinvested back to forest conservation programs within the area. Apart from all the disruptive innovations that have been created, another astonishing business concept introduced by Ashoka, is the so called “Hybrid Value Chains” (HVCs). Conceptually, HVCs is a paradigm shift in how businesses operate as well as guide businesses to profitable niches that are highly uncontested, let alone explored. More importantly, HVCs represents the way by which private sector business and Citizen Sector Organizations (CSOs) could collaborate. On one hand, the collaborations could help the businesses expand their reach into an untapped market of 4 billion people who are not yet part of the world’s formal economy. On the other hand, firms that adopt HVCs may be able to tackle large-scale problem that could not have been solved by any group that is working to solve the issue on their own. Although the concept of Hybrid Value Chains sounds very great on paper, the question that needs to be asked is, “How can HVCs be put into practice?” In order for the two sectors to work together effectively, the focus must be on creating real economic value while simultaneously creating social value. Let us take the housing industry as an example; presently, one-sixth of the world’s population lives in slums and cities. This means that there are billion of people who do not have access to a formal housing market or do not even have a proper place to stay. In term of marketing, this implies that a low cost housing market potentially worth trillions of dollars exists out there that waiting for a solution. In India, there are large numbers of consumers who have a steady source of income but lack proof of financial stability; thus making them ineligible for mortgage loans. Unfortunately, for a business acting alone, penetrating into this incredibly large untapped market is no easy task, otherwise this housing market would not be left untapped until recently. Nonetheless, with the help from CSOs, the story for low-cost housing has totally changed. In this particular housing case, CSOs act as demand aggregators, who bring groups of consumers to forprofit developers, or as full design and investment partner. As a result, more than 2,500 homes have been built, with 7,500 more to come in the next 18 months, representing more than $100 million in sales. From the story, it is more than apparent that people at the bottom of the pyramid, more than 50% of the world’s population, should not be overlooked. It has already been proven that people at the bottom of the pyramid can be a hidden fortune for any business. As the world has been severely threatened by social and environmental problems, new innovations in combination with entrepreneurial skills has already been proven to address the world’s most pressing social problems while creating profitable enterprise. Thus, the social sector has rapidly gain the interest of social investors. The rising profile of social enterprise is not happening only in the western world, as many social ventures funds and social investing firms have now been established in Asia. According to the information from Impact Investment Exchange, a Singapore based company that provides a trading platform that acts as an intermediary between social entrepreneurs and social investors, the growth rate of social enterprise is exponentially rising according to the forecast on the first quarter in 2011 in 4 countries; Bangladesh, Malaysia, Indonesia, and Thailand. The company expects to be able to raise capital for more than $240,000 dollars. The amount is not a donation but rather a profitable investment that will give investors with double or triple-bottom line returns; on both financial, social and/or environmental returns. Unequivocally, socially conscious individual across the world have come to a realization that the the world is in peril; consequences of our collective action that has compounded into the present social and environmental crisis. Therefore, it should come as no surprise that social enterprises can and will be the main driving force to lead the fight against the world’s impending crisis. As for Asia, while the region’s awareness of social entrepreneurship and the aforementioned concepts is still in its infancy, it is undeniable that social enterprise is going to be the next investment gold mine for Asia. Now, it is just a matter of time before the social enterprise sector reach critical mass and flourish as the next hottest investment opportunity that yields the triple bottom line returns.
SE in Asia landscape
Investment Promotion Policy for Sustainable Development SE Cases (1st pitch)
Empowering disadvantaged groups has been a central them for many companies, one unique case is Kaien, a Japanese company which aspires to transforms the world’s view on people with autism spectrum disorder (ASD) by creating scalable job opportunities that leverage their unique potential. Keita Suzuki, founder of Kaien, strongly believes in harnessing the uniqueness strengths that people with ASD have which can contribute to society, such as ability to recognize irregularities, acute sense of details, their adeptness for repetitive works, great confidence on rational thought and great fit with high-tech equipment, these people are given training, assisted with job placement and continuously with counseling, these individuals are given the rare opportunity to become contributing members of society. This is quite significant because such opportunities have alluded the ASD community for so long especially in Japan, where up to 85% or 150,000 people have been excluded in the opportunity to integrate with highly homogeneous society. Built on a financial sound business model that capitalizes on the affirmative action policy of the Japanese government and placement fees that corporations pay to Kaien, the venture aims to generate $5 USD in annual revenue by 2020. Another interesting social enterprise from Vietnam that operates in the same sphere is KOTO, which stands for Know One, Teach One. Aiming to tackle the problem youth problem prevalent in the country, KOTO seeks out Vietnam’s street and disadvantaged youth such as orphans, street kids
Kaien’s Model Autistic People
Training with Kaien
Job Placement Govt Corporates
The shared general landscape of all the pitches presented on the 1st Pitch of the Regional Symposium clearly illustrates the current parallelisms of the issues affecting each country across East Asia if not the world. From each of the presentations, central issues that were being addressed by each ventures include empowering disadvantaged groups (through income generation and/or education), environmental friendly products and services, establishing platforms and networks to leverage the power of networks, the promotion and preservation of unique arts and cultural works and lastly, providing accessible quality health care. Within the eight cases, ChangeCase would like to highlight a snapshot of some of the noteworthy cases from two common themes, the empowerment of disadvantaged groups and environmentally friendly products and services, that we have witnessed in the Symposium.
Resource Flow Financial Flow
12 and youth from poor rural and city areas provides them with 24-month training program on hospitality skills, English language and essential life skills that enables graduates to acquire the prerequisite skills to gain formal employment and the valuable certification in hospitality from Box Hill Institute of TAFE, Australia. From the strong belief of Jimmy Pham, the founder of KOTO, that street and disadvantaged youth should have access to holistic and vocational skill development opportunities, in a nurturing environment, where each family member builds self-confidence and is empowered to live a life of dignity and happiness, KOTO is now training as many as 200 disadvantaged youths within its training program. Deriving most of the revenue from the restaurant operation and support by sponsorship, donations and educational fees, KOTO is highly profitable and is on the verge of expanding to across Vietnam, starting from Ho Chi Minh City and internationally. Environmental friendly products and services is one of the world’s most flourishing business sector in the world, attracting massive investments by venture capitalists, technologists and public sector funding worldwide. One venture that is leading the forefront of the green energy sector in Thailand is Supreme Renewable Energy, which has been established in since 2007 in order to provide turnkey services to build or operate sub-1MW power plants using biomass gasification technology. Gasification is a clean technology as a power source with near-zero pollution that also generates revenues for farmers by productively recycling agricultural waste as feedstock. Supreme has also secured a stable demand from contract with the Provincial Electricity Authority to buy all electricity produced by the company, since it is a government’s policy that it will buy all electricity that is produced from renewable sources. In term of social and environmental impacts, the company also generate significant social and environmental impact in numerous ways; first, the village community will benefit from the purchasing of 4 million baht ($133,100 USD) worth of agricultural feedstock, second, it will reinvest up to 5% (projected at $16,650 USD) of the profits into community projects targeting human capital, education and health-care, and lastly, the plant will reduce the carbon footprint from the burning of agricultural waste. Given the large shortfall of biomass-generated electricity in
KOTO’s Model Disadvantage Youths Farmers
KOKO Board’s Model Market Corn Cob Silk
Export Developers Architect etc.
Certificate + Job Opportunities
Training with KOTO
Thailand, large amount of government incentives are available for renewable energy projects in Thailand, such as an 8-year tax breaks and “Adder” financial incentives for every kWh of e l e c t r i c i t y p ro d u c e d , m a k i n g S u p re m e ’ s operating margin is highly attractive at 122%. The company’s great potential can attested by the numerous awards it has received such as Thailand Energy Award 2010 and the ASEAN Energy Award 2010 for Community Based Power Plant projects. Another green venture with a highly promising business model is Kokoboard, which manufactures bio-composite boards (similar but vastly superior to particle boards), as well as furniture from agricultural waste, such as rice straw and coconut dust from the shell. In the past, after rice harvests, farmers in Thailand previously burned off remaining agricultural waste in their fields, caused excessive amounts of smoke that disturbed nearby residents and created needless carbon emissions. Kokoboard’s ingenious win-win solution to this wasteful problem while providing an economical returns for local farmers is by purchasing the agricultural waste to manufacture the bio-composite board using a near zeroformaldehyde adhesive that emits volatile organic compounds (VOCs) in harmless amounts as low as 10 times the amount emitted by conventional particle boards. As a two year start up with the small factory, though the amount of environmental impact may still be considered quite small, it is quite significant compared to the size of the facility and will continue to grow in the near future as Kokoboard continues to expand its facilities and reach to other communities. In synopsis, the most coveted ventures selected nominated to speak on the first and second pitching session of the Social Enterprise Network Asia East Asia Regional Symposium shared many common themes that each venture is seeking to address, whether it be the empowerment of disadvantaged groups (through income generation and/or education), green products and services, platforms and networks, arts and cultural promotion and accessible quality health care. Moreover, all cases share many common characteristics, not in the complexity of their business models but by the simplicity of their concept that has proven to be viable, lead by social entrepreneurs brimming with sheer passion and energy. We hope that this opportunity to pitch against such distinguished guests will benefit each venture in terms of financing appeal, business partnership and international exposure and lead each venture towards greater confidence to move forward not as an individual swimming in a raging sea but as a network of social entrepreneurs that will sail together, band together, and guide each other towards a sustainable future because that is what this symposium is all about.
Supreme’s Model Community Association
Farmers Supreme Renewable Energy
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
Q: For corporation such as SCG Group, do you think that the concept of social enterprise is still in the niche market? A: Yes, it is. But the most important thing for this niche market is how to bring producers and consumers who share the same interest to meet with each other. For example, there is a Japanese company that sells bags made from local products. Buyers feel that by purchasing such product, they are helping the community and that makes them feel good about themselves although the price is higher than similar products sold in the market. We have to create this kind of market. Q: Why has there been a rising trend of corporations that have started to see the importance of social development and corporate social responsibility? Does SCG Group have any projects that aims to address social and environment issues? A: I believe that as companies face environmental and social challenges in their business operations, these issues have began to provoke the moral reflection within corporative executives. Many have started to think of how and what they can do to help solve these problems. As for SCG Group, we focus our efforts primarily on community development. We take care of communities surrounding our plants as if they were members of our own family. For instance, in the past, locals in Lampang province used to hunt wild birds for a living. To protect these endangered bird species, we educated them about the concept of eco-tourism. By protecting these wild birds, the villagers indirectly protect, nurture and maintain the sustainability to the forest. In the meantime, locals can earn a good living from eco-tourism activities. SCG Group also tries to engage our employees in the social development process.
Social enterprise through the eyes of a corporate executive
Ms. Venus Asavasitthithavorn, Communications Director, Corporate Communication Office SCG Group
In 2009, a survey conducted by a notable marketing magazine in Thailand called “Positioning” has ranked SCG Group, one of Thailand’s biggest diversified industrial conglomerate, as a company that fresh university graduates like to work for most, both males and females alike. Key to this perception is company's financial stability and its keen interest in contribution to the development of Thai society. SCG Group has proven that social responsibility is one of the corporation's strategic priorities by establishing SCG Foundation in order to maximize its social impact through CSR activities. In this special edition of Change Magazine, we were given a rare opportunity to ask the corporation about the future outlook of social enterprise in Thailand. Central questions that we are looking to answer is: What are the opportunities and challenges? Why does social issue start to catch corporates' attention? and What are the formula of growth for social enterprises? To help answer our questions, Ms. Venus Asavasitthithavorn, Communications Director, Corporate Communication Office of SCG Group
• • • • •
SCG, also known as Siam Cement Group, is Thailand’s largest cement company Founded by King Vajiravudh [King Rama VI] in 1913 Six core business units: chemicals, paper, cement, building materials, distribution and investment Market capitalization of $12.8 billion Leader in corporate governance and sustainability
needs to be executed through a good business model which will create financial sustainability as well as generate the desired social environmental impact.
“ A good intention
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
Q: Can you suggest on how corporations can support social enterprise? A: While we can help in communication strategy, which is one of our core competencies, I believe that we should not interfere with social enterprise’s internal process too much since it can make them lose their identity. We can also support social enterprise in terms of being their customer. If these ventures have product that matches the need of our activities or production, then we may buy the product from them instead of buying mass produced item available elsewhere in the market. We may also be able to help social enterprise in terms of capacity building or business planning.
Q: Many social enterprise are founded on the good intentions of its founder. How can we make sure that such business becomes more sustainable? A: As for this question, I would like draw an example of a student activity to answer this question. We always see university students sell handmade T-shirts to raise money for social projects. But after the graduation, many of these students are distracted by other responsibilities in life. A good intention needs to be executed through a good business model which will create financial sustainability as well as generate the desired social environmental impact. With this concept in mind, students will encouraged to stay true to their ambitions and eventually start their own social enterprise. Q: What are the most important factors in being a good entrepreneur? A: Money is of course an important factor. However, knowledge is more important. Usually we do not provide grant-based support to most projects. This is because we do not want them to take it for granted. Let’s look at our check-dam construction project as an example. We did not give those who propose the project with cash, instead we hired them to manage the project. This helps them learn about management and efficient resource allocation. As for this case, because there is only five pick-up trucks within that village, villagers had to learn how to delegate work so that everyone within the community can contribute to the project and earn the living equally. By doing so, they will become a good entrepreneurs.
Q: Are there any marketing strategies that you believe to be crucial and necessary for social enterprise to undertake? A: Market research is critical. As for myself, I am a health conscious person. But my busy schedule does not allow me to luxury of time to be selective in quality of the food that I consume. I do not have time to make a glass of herbal drink and therefore, I would be much happier to see a certified herbal or organic products available in the market. Remember that there is always a silver lining and if you can find opportunity from any challenges, then anything is possible. We need to have a positive mindset. We need a balance between social impact and financial returns as it will promote the growth and sustainability of the business.
“Remember that there
Q: How do you see social enterprise in 5 years from now? What are the opportunities and challenges you foresee for the industry? A: I personally believe that social enterprise will continue to grow and will still be in the niche market but with a stronger network of consumers and producers. The challenge is whether we can communicate with the world to make them aware and understand the concept social enterprise. Media can play a significant role in this. In the meantime, producers should try to differentiate themselves. I think that the trend will migrate towards the growing of organic produce. But what is that is more important is how we communicate the story of the product and how we capitalize on the emotionality of buyers. What we learned from this one-hour interview is that social issues are gaining increasingly prevalent in our society, both in Thailand and the world. Time and time again, business gurus, experts and industry leaders say that we should seek opportunity from crisis. However, in some cases, opportunities can spring out of creativity, innovation and the passion to make things better.
is always a silver lining and if you can find opportunity from any challenges, then anything is possible.
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
17 In Thailand there is also a group people who share the same passion in helping disadvantaged group of people in the society as well as cleaning the community. Driven by their passion to help society, Brittany Fox, a volunteer from the US, and Panida Ponkampin (Tukta), student at Ramhkamhaeng University, have decided to take action in an entrepreneurial initiative that does not only help to recycle waste in Bangkok, but also empowering an impoverished group of ladies in the community. In order to achieve their goals, in 2009 they start an enterprise called Thai Song Fairtrade that would serve to supplement the women’s group income for these women, the venture acting as a sales and marketing organization for green products—products which are crafted from plastic bags. Currently, while Thai Song is still in a start-up stage and has only worked with one community, Thai Song plans to expand and work with more communities in the near future to help more underprivileged women who are being neglected in Thai society. (For more information, please visit: http:// thaisongfairtrade.org/) Invisible Sisters is a social enterprise based in Philippines, which has been supported by Asian Social Enterprise Incubator (ASEI). With the goals of reducing plastic waste and providing income opportunity for poor urban woman, Invisible Sisters have come up with an simple idea of collecting plastic waste in the community and turn them into chic designed purses. Currently, with the cooperation from the local recycling industry, Invisible Sisters has established over 30 collection points and have recycled more than 800,000 plastic bags, which in turn has providing extra income to as many as100 families. Although, nowadays Invisible Sisters is still under the support of ASEI, the venture is expected to spin-off and become a sustainable social enterprise by 2011. ASEI are also expecting that in the near future, the work of Invisible Sisters would generate a sustained impact for a better environment as well as put more smiles on the most destitute Filipinos. (For more information, please visit: http:// invisiblesisters.org/whatwedo.php) Although these two venture are just groups of ordinary individuals living in big, urban cities, both of social enterprise shares the same passion and goals in making society a better place. They have shown us that no matter who you are, as long as you possess the inner calling to make a difference as well as are willing to act upon your ideals, there will be a viable business opportunity even in the most destitute areas using materials which other people consider as garbage.
The overwhelming amounts of waste has long been one of the world’s most pressing issues, especially in big cities. Fortunately, there are still several different groups of people who are concerned about this ticking timebomb, especially social entrepreneurs. Although living in different countries and had never come across each other, with the passion in making their society a better place, many social entrepreneurs have taken an initiative in collecting wastes found around their own communities and finding way to transform them into valuable products. Although most of the venture’s activities have to do with turning waste into products, many of their activities are not only limit to the environmental impact as what each venture is doing are also bringing about significant social impacts. In this second issue, CHANGE Magazine will delve into the profiles of these recycled-products entrepreneur, shedding light into the inner workings of their business and their motivations that drives them what to make their society a better place.
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
Hideyuki Inoue Founder and President, Social Venture Partners Tokyo Associate Professor, Keio University, Graduate School of Policy and Media
Inoue is a founder and president of Social Venture Partners Tokyo and Associate Professor at Keio University, Graduate School of Policy and Media. In 2001, Inoue has joined Entrepreneurial Training for Innovative Communities (ETIC), a non-profit organization which fosters entrepreneurship among people in their 20s. He also established a fund called Social Venture Partners Tokyo to which individual partners contribute their time, knowledge and funding in order to nurture social entrepreneurship. Vishnu Swaminathan Senior Change Leader (Director) Ashoka Vishnu Swaminathan is currently the Senior Change Leader (Director) of the Housing For All programme under the Full Economic Citizenship initiative of India. The Full Economic Citizenship initiative aims to end economic exclusion for two thirds of the world's population by market-based solutions to provide basic needs. Vishnu was also Director of a leadership school in Pune, India, and founded the Centre for Social Development and Governance. He has been an honorary advisor to many educational institutions in the area of international student relations, entrepreneurship and social venture. Joan Yao Investment Manager Southeast Asia LGT Venture Philanthropy Joan Yao is Investment Manager for Southeast Asia of LGT Venture Philanthropy, a non-profit venture fund supporting scalable, sustainable, and entrepreneurial solutions to social problems. Previously, Joan worked at the investment banking division of Credit Suisse and equity research division of UBS, Philippines. Joan holds a degree in Management Engineering with a minor in English Literature, cum laude, from the Ateneo de Manila University, Philippines. Dr. Riaz Khan Director, Yunus Center The Asian Institute of Technology Before moving to Bangkok from Dhaka, Dr. Khan was Advisor to the Governing Body of BRAC University. Dr Khan has extensive experience in rural development projects in Bangladesh due to his work in Bangladesh as a manager of Rural Advancement Committee (BRAC). Dr. Khan also served as the Executive Director of CEGIS in Bangladesh, an organization that specialises in water resources management, environmental impact assessment, remote sensing, geographical information systems, and spatial databases. Dr. Khan graduated from Massachusetts Institute of Technology (MIT) with a BS in Mathematics, and then gained his Ph.D. in Mathematics from the University of Massachusetts, Amherst. Watanan Petersik Board member CIMBT and CIMB Watanan Petersik worked in the investment banking industry for over 20 years. She still does some part-time advisory work for a US private equity firm, and sits on the boards of CIMBThai Bank and CIMB Group Holdings in Malaysia. Since her retirement, Watanan has been involved with organizations supporting social entrepreneurship and enterprises, including Ashoka, the global association of social entrepreneurs and Impact Investment Shujog in Singapore. She is also a Senior Moderator for the Aspen Institute, active primarily in South Africa and the US, and she is an Aspen Global Leadership Network fellow.
Zulfiqar Ahmed Director of Programmes and Development UnLtd UK Zulfiqar Ahmed is Director of Programmes and Development. Joining UnLtd UK since 2002, he is responsible for business development and the delivery of awards and support programmes in the North of England, Midlands and Northern Ireland. He has worked as a systems analyst for a major bank; on agriculture and infrastructure programmes in Pakistan before establishing Equal Consulting, a boutique consulting firm specialising in IT solutions supporting voluntary organizations through change, and helping public bodies to improve the impact of their work with minority ethnic communities. M.L. Dispanadda Diskul Chief Development Officer, Doi Tung Development Project Mae Fah Luang Foundation under Royal Patronage M.L. Dispanadda Diskul is a Chief Development Officer for the Doi Tung Development Project, Mae Fah Luang Foundation, a development foundation founded by Her Royal Highness Princess Srinagarindra, the late mother of His Majesty the King of Thailand. Dispanadda was one of the key figures in setting direction and realizing the Foundation’s involvement as a rural development player internationally. Prior to that, he worked as Director and Marketing Manager at Doi Tung Food Department. Dispanadda graduated from Brandeis University (Massachusetts, USA) with a BA in Economics, and earned his MBA from SASIN Graduate Institute of Business Administration, Chulalongkorn University in 2005. Pham Kieu Oanh Founder and Director Centre for Social Initiatives Promotion Pham Kieu Oanh is the Founder and Director of the Centre for Social Initiatives Promotion (CSIP) in Hanoi, Vietnam. She is a pioneer and an expert in social entrepreneurship development, child protection, and women’s rights. Pham is also the co-founder of Social Enterprise Asian Network, a member of Asian Venture Philanthropies Association, and founder of Vietnam Social Entrepreneurs Club. In the past 20 years, she has undertaken various positions in Government agencies, international non-governmental organisations and UN agencies. Oath has a BA in Philosophy from Hanoi University and an MA in Sociology and Anthropology from Monash University, Australia. Abigail Jung Chief Investment Officer Sow Asia Foundation Abigail (Abbie) Jung is an international development professional with over 10 years of experience in public health, humanitarian aid and economic development. At Sow Asia, she manages the investment portfolio and oversees all aspects of the investment process from deal sourcing to due diligence to investment management. Abbie holds a BA in Neurobiology from the University of California at Berkeley and an MPH in Population and Family Health from Columbia University. Komal Sahu Director of Strategic Partnerships Impact Investment Exchange Asia Komal Sahu is building a network of ecosystem partners for Social Enterprises (SEs) in the region. Komal is a Fellow of the Institute of Certified Accountants and an Associate member of the Institute of Taxation in the UK. She was previously a Senior Manager with KPMG in London. Prior to that, she worked for the British Civil Service as a tax investigator in the City of London. During the last few years, she has helped various charitable organisations in India and assisted with fundraising and educating HIV- positive children.
SOCIAL INNOVATION, REAL WORLD OPPORTUNITIES
Yuttana Saithai, Managing Director, Supreme Renewable Energy Co., Ltd.
SE Asia 2010 conference is a well organized and a very good start for SE community in Thailand and Asia. It draws several people who have the same interest toward SE development and investment to share their expertise as well as provide number of interesting show cases from different countries in Asia. I am looking forward to participate again next time.
Hideki Hara, Director Europe, Middle East and Africa Section, Japanese
I feel very much privileged to be part of this symposium and witnessed an important first step taken toward the creation of Asia-wide network of social entrepreneurs. I wish the network created this time would prosper as the one that is wide enough to compare commonalities and differences in the operations of social business across the countries, but also deep enough for the members to understand the nuances of a wide variety of issues afflicting the region and empathize with the people their colleagues are trying to help.
Arch Wongchindawest, Founder, mysocialmotion
The regional SE symposium in Bangkok was one my favorite events of the year. The speeches; the pitches; the networking; all beautifully integrated into an event that lived up to it's promise to bring together, build capacity, and support social entrepreneurs working to change the world. Being able to pitch our project was a major plus; after the speech, we were approached by 10 different organizations who wanted to know more about us, and offered their valuable advice and support.
Abigail Jung, Chief Investment Officer, Sow Foundation Asia
The regional SE Symposium in Bangkok presented a great opportunity to meet other likeminded social investors and s u p p o r t i n g o r g a n i z a t i o n s . However, it is increasingly clear that much work needs to be done to clarify and map out the different support ecosystems (i.e., financing, capacity building, access to networks) needed to support the range of social enterprise models in Asia.
Zulfiqar Ahmed, Director of Programmes & Development, UnLtd UK
Developing effective networks, sharing experience and enabling peer-peer support across South East Asia is a key part of facilitating the growth of social entrepreneurship in the region. The Regional Social Enterprise Knowledge and Partnership Symposium was an excellent catalyst towards achieving this aim, and has laid firm foundations though connecting social entrepreneurs, support agencies, and investors who are concerned with building a people powered movement for social change in the region.
Saumil Shah, Managing Director, EnerGaia Co., Ltd.
The symposium was a nice event t o b e g i n c re a t i n g a s o c i a l enterprise support network in Asia. I look forward to seeing further progress in 2011 towards helping SE's start-up and grow in the region.
Markus Dietrich, Co-founder and Director, Asian Social
It was inspiring to be part in this first effort to bring together the social entrepreneur space in South East Asia. I was not only able to present my organization's approach to incubation but also to network, to learn and to have fun.
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