Hello dear readers! Here’s your weekly round-up of all things #socent:
- Can Venture Capital Save the World? Forbes magazine runs a cover story on Acumen Fund’s work in its December 19 issue. Also have a look at the Forbes list of top 30 social entrepreneurs in 2011.
- Impact investing and social entrepreneurship are inextricably linked. To learn more, read the transcript of the roundtable on impact investing in the Standford Social Innovation Review. The panelists included Jacqueline Novogratz, founder and CEO of Acumen Fund, Katherine Milligan, head of North America and Middle East at the Schwab Foundation for Social Entrepreneurship, Johanna Mair, chair of the Global Agenda Council on Social Innovation, associate professor of strategic management at IESE Business School, and academic editor of Stanford Social Innovation Review among others.
- HSBC Bank invests $4 million in the Social Enterprise nvestment Fund that aims to provide creatively structured, growth capital to social enterprises that have the potential to have a significant social impact, and provide a financial return target in excess of 5 per cent to investors. Read more about the move here.
- Vodafone is starting mobile banking in India. The service, which is called ‘M-Paisa’ enables selected retailers to offer banking services to Vodafone customers, who are able to withdraw from or deposit to their HDFC account and transfer funds using their mobile device. If you haven’t already, read our related post on Telenor’s Easy Paisa.
- Stanford Graduate School of Business established the Stanford Institute for Innovation in Developing Economies. The Institute aims to stimulate, develop, and disseminate research and innovations that will enable entrepreneurs, managers, and leaders to alleviate poverty in developing economies.
- Acumen Fund is hiring for Pakistan! For more details visit the Acumen Fund Blog.