From this week, SocialStory will bring you 10 of the best social entrepreneurship reads from across the web, which will include articles from our own writers. This week stories include the birth of a new kind of corporation. Enjoy the read.
When Delaware Governor Jack Markell signed benefit corporation legislation into law, his state became the 19th state to enact the legislation. What’s the big deal you may ask? Its home to one million businesses, including 50 per cent of all publicly-traded companies and 64 per cent of the Fortune 500, it is the most important state for businesses that seek access to capital. Benefit corporations provide a framework and certification for companies wishing to benefit society as well as their shareholders.
2) What can India learn from the rest of the world in terms of social entrepreneurship?
India is considered to be the epicenter of impact investing and a laboratory for different models of social entrepreneurship. So what can Italy, South Korea, the US, UK and Singapore teach us. Plenty it seems.
3) Sanchali: creating jewelry from waste cloth.
Dakshayini Gowda runs Sanchali, an organization that employs women artisans to create jewelry from old textiles and sells it at a profit. This is a good way for previously unemployed women to gain respect and earn their own livelihood.
Mara Group founder Ashish J. Thakkar, started doing business when he was just 15 years old, with a loan of $6,000. Now he’s trying to try his hand at social entrepreneurship through Mara Foundation.
Estimates suggest that there are close to a billion dollars that are chasing social enterprise deals in India. But is the market ready to soak up that kind of money and can it deliver on what is promised? Could there be a bubble in the making?
US Agency for International Development (USAID) and YSB signed an MOU to work together to promote social entrepreneurship in a few developing countries. USAID and YSB will provide financing as well as advisory support through a social business incubator fund.
Nigel Kershaw, chief executive of Big Issue Invest has issued a warning ‘toxic’ thinking into the sector. Dominic Campbell, founder and director of FutureGov, a social digital and design agency, was of the opinion that social investors were not much different to venture capitalists.
Watsi- the crowdfunding platform that raises money to provide medical services for those who can’t afford it in developing countries- was first in the news earlier this year when it became the first non-profit to become part of Paul Graham’s Y Combinator. Last week, Watsi raised $1.2 million in seed money, from marquee investors including China’s largest Internet services portal, Tencent, Y Combinator partners Paul Graham and Geoff Ralston, Ron Conway, Vinod Khosla and many others.
India generates 750,000 tons of waste every week or the equivalent of two Empire State Buildings. How does it all get cleaned up? It is estimated that 80 per cent of waste in India is ‘managed’ not by civic authorities, but by an informal economy of ‘rag-pickers’.
Should India build more public hospitals or give its citizens insurance so that they can get quality healthcare in private hospitals? This story looks at it through the lens of a doctor at Osmania General Hospital in Hyderabad.
Image credit: masoninnovation.org
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