Hello dear TC-P readers! Here is a round-up of what you missed this past week:
- Bill Drayton, the Founder and CEO of Ashoka, which now has over 3,000 social entrepreneurs in the field all over the world, recently spoke to the Christian Science Monitor as his organization celebrates its 30-year anniversary. On the topic of changemakers, he noted, “No social entrepreneur is going to run tens of thousands of schools. It’s not going to happen. But if you get thousands of people and thousands of communities to take your idea and run with it, you can change tens of thousands of schools. You can do it all over the world.” (Fun fact: Drayton is also known for this quote: “Social entrepreneurs are not content just to give a man a fish or teach him how to fish. They will not rest until they have revolutionized the fishing industry.”)
- Speaking of the impact of an idea, read this Forbes article on the Dragonfly Effect, which examines how people are forming and connecting groups using social media to create change throughout the world.
- Also via Forbes, the Grassroots Business Fund, an impact investing fund, is reportedly in the midst of a $60 million fundraising effort, “which it will use to scale its hybrid business model—a combination of grants and for-profit investments that it hopes will generate “low double-digit returns to investors.'” GBF invests in businesses mainly in the agriculture sector that have a hard time attracting capital.
- In India, Intellecap, an Indian social sector advisory firm, launched I-cube N, a platform for corporate firms that are looking to invest in social enterprises. According to VC Circle, “In the first phase, Intellecap will bring on board 15-20 committed investors with investment capacity of $1-2 million,” to be involved in about 5-6 transactions a year. It’s a further example of how developing ecosystems in countries like India can make social entrepreneurship truly flourish.
- Last week, PBS Newshour featured Pakistani microfinance bank Kashf in its program. Listen to an MP3 of Roshaneh Zafar’s interview and read the transcript here.
- 2010 Acumen Fund fellow Muhammad Zahoor speaks about the promise of leadership in Pakistan in this piece for Acumen’s blog, touching on the energy of Pakistan’s youth and their drive to make change.