Archives for category: Opportunities

Apologies for the delay dear TC-P readers. Here’s a quick round-up of what you may have missed:

Pakistan Updates: 

Opportunities: 

Interesting Reads: 

Interested in contributing to ThinkChange Pakistan? Don’t be shy, write to us and let us know!

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Hi all! Here’s a quick round-up of #socent happenings:

Pakistan Updates:

  • In order to tackle the problem of poor waste management in Karachi, entrepreneur, Khayam Hussain has designed the Ricksaaf, a rickshaw with a steel container that can carry up to 200 kg of trash. How awesome is that? Check out the full story on E-Tribune here.
  • If you missed start-up weekend in Lahore, Waqas Ali of Hometown Shoes sums it up here.

Opportunities:

Events:

  • Stop by Kuch Khaas in Islamabad this Wednesday for the event, “Changing Mindsets through Film-Making” in honor of International Women’s Day. The event will screen a video montage on themes related to women followed by a poetry recitation and motivational songs by Mumtaz Begum and Abida Ejaz to celebrate the struggles and achievements of Pakistani women. More details here.
  • The Environmental Protection Society is organizing the GCU Environmental Conference on March 12 – 13.

Opinion:

  • Felix Oldenburg, the European director of Ashoka talks about how organizations that do not generate changemakers are going to be left behind regardless of how much money they have. Read the full piece here.
  • Check out the widely circulated post on the 7 worst ideas in international aid – what do you think they missed?

Hi all! Here’s a quick round-up for stuff #socent people like. If we have missed anything, e-mail us or let us know in your comments!

#Pakistan:

Opportunities:

  • Association for the Development of Pakistan (ADP) is currently looking for a volunteer Social Media Manager. For details, check out their website.

Resources:

Dear TC-P readers, here’s what you may have missed in the world of #socent in the past couple of weeks. If WE have missed anything, do let us know in your comments.

#Pakistan updates:

Events:

Opportunities:

Resources:

  • A new report by the Credit Suisse Research Institute, in collaboration with the Schwab Foundation for Social Entrepreneurship looks into how social entrepreneurship is redefining the meaning of return.
  • IDEO released a free innovation guide for social enterprises and NGOs working worldwide. Have a look and let us know what you think!

Did you know?

It’s ThinkChange Pakistan’s first birthday next week? If you like what we do, and want to help out, write to us! Also, don’t forget to check out our updated social enterprise list. A big thank you to everyone who completed our social enterprise form!

Happy Monday! Here’s our bi-weekly round-up of stuff #socent people like. Enjoy!

Events:

Opportunities:

Resources:

  • ATTN: policy makers and implementers: Read this important article on how public administrators could (and need to) be the future of social innovation in the world. Imagine the possibilities in Pakistan!
  • Here’s a handy list of 15 social venture capital firms you should know about!

Some advice:

  • An important round-up by Sasha Dicter of 20 questions every fundraiser must be able to answer.
  • “Accelerators offer hands-on help from experienced mentors, sources for seed capital, and sometimes even co-working locations, and give entrepreneurs what they need to take a startup from concept to market more quickly and effectively than if they go it alone” – Lydia Dishman from Fast Company gives you some tips on how to get connected.

Hello readers! Here’s what’s going on in the exciting world of #socent:

  • Congratulations to P@SHA Fund’s first round winners: Sabah Rehman, Farhan Masood, Waqas Ali and Usman Siddiqui! 
  • Also meet Teach For Pakistan’s first cohort of brilliant fellows!
  • Read Express Tribune’s coverage on Wondermilk, a small venture in Karachi that is selling, promoting and expanding the consumption of camel milk.

Events:

Opportunities:

  • The deadline to submit your pitch for the Pitch for Change competition at Harvard Social Enterprise Conference (Feb 25 – 26 2012) is January 20.

Opinion: 

Some inspiration: 

Happy new year dear readers! Here’s our round-up of some of our favorite #socent updates:

  • If you haven’t already, read this great article on Express Tribune about Ego, a clothing retailer that invests in entrepreneurial employees.
  • Alex Gregor from Acumen Fund writes a thoughtful post about the ‘Other Side of Pakistan‘.
  • Read this quick but important op-ed on how to start executing your business plans.
  • All aspiring social entrepreneurs should check out this exhaustive list of how to fund your social venture
  • In the process of setting up your own start-up? 3 young advocates in Lahore have set up the Altair Initiative, which specializes in working with new entrepreneurs to ensure their businesses achieve maximum legal security.
  • Teach For Pakistan’s fellowship application for 2012 is now live, go check it out! 
  • Acumen Fund is hiring a Pakistan Fellows Program Manager, apply!
  • Tomorrow is the last day to participate in our Pakistan’s to social enterprises of 2011 survey. If you haven’t already, please help us support their work and vote for the social enterprise that speaks to you the most.
  • Interested in writing for us? E-mail us at thinkchangepakistan@gmail.com and let us know!

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 EconomiesThe 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.

Stuff #Socent Ppl Like: Thinking Outside the Box.

Hello dear readers! We hope you’re surviving the heat (unless you’re in the southern Hemisphere, in which case, it’d be the cold). Below is the TC-P round-up of recent #socent-related pieces you may have missed:

  • Lucy Bernholz has an awesome piece entitled, “Open Philanthropy,” in the Stanford Social Innovation Review. She wrote, “There was a time when the financial resources of endowed foundations were their most precious assets. Today, in an era of deep data mining, pattern recognition, network analysis, open government, open source code, and web scraping, foundations’ most valuable resources are their data.”
  • In Forbes this week, Eva Pereira wrote, “Want to advance social development? Hire and invest locally, says Tal Dehtiar, founder of OlibertéFootwear, a premium footwear company with operations throughout Africa…To illustrate his point, he explained how TOMS, a California-based shoe company that donates a pair of shoes in a developing country for each pair purchased, undermines local producers by dumping free product into the market.” Such a simple but valid point – don’t import solutions, create jobs + invest locally.
  • Too often, social entrepreneurs are positioned unequally at the bargaining/negotiation table with investors. Ashoka led an interesting discussion on Social Edge entitled, “Reclaiming the Investment Dialogue for Social Entrepreneurs.”
  • SOCAP Europe recently took place. Next Billion delves into one of the ‘tracks’ at the conference, igniting a discussion on how to move impact investment from niche to mainstream.
  • E+Co, which makes clean energy investments in developing countries, has their new annual report out – here you go.
  • The Center for Global Development also has a new report out – on U.S. aid to Pakistan. Great stuff.
  • Bryan Ferris, an Acumen Fund fellow working with Pakistani social enterprise, Ansaar Management Company, has a great piece, “$300 House? Experienced Hands Needed.” He wrote, “The concept of a $300 house (which includes a solar panel & a tablet PC) has always bothered me…it simply doesn’t match the true needs of the poor.   It smacks of an apple store geek designing a home while picturing himself as the impoverished dweller (skinny jeans & all).”
  • Also from Pakistan, Microfinance Focus has a piece about Farz Methodology, on innovations in Islamic Microfinance through livestock.

Job/Internship Opportunities

For social entrepreneurs out there in the field, whether they’re just getting started or looking to increase the size of their organisation, the question of funding is extremely important. An individual with an idea may want to make their idea a reality, but they lack the funds to get started. A established social entrepreneur may have reached 5,000 customers, but lacks the funds to scale to 50,000. At these crucial junction points, funding plays a large role.

The funding available depends on your legal structure: for-profit or non-profit. (In some countries, such as the US, ‘hybrid’ legal structures exist, but not in Pakistan.)

Funding your for-profit social venture

In the case where profits generated from operations are not sufficient for growth, a for-profit social enterprise has the advantage of being able to take on capital investments, in return for profits or stock in the business. While the concept of “impact investing” is relatively new, the traditional venture capital market is mature and has many funds investing into all types of businesses. Recent years have seen the emergence of a number of funds designed for social enterprises. As social ventures continue to increase as a viable alternative, this will surely increase.

Let’s look at options for entrepreneurs at different stages of business growth:

Starting Out

Scaling Up

  • Private investors
  • Social venture capital (e.g. Acumen Fund)
  • Social business competitions (see above)

For detailed lists of investment funds, look at this list or ImpactBase.

Funding your non-profit venture

Funding for non-profits can pose a more difficult challenge, as funds contributed to the non-profit cannot be paid out again (and hence no profit can be made).

Starting Out

  • Donations (family, friends, networks, fundraising)
  • Donor-funded grants (although typically difficult, as donors require recipients to show their past impact)
  • Social business competitions (see above)

Scaling Up

Two other useful resources on building social enterprises are:

Have we missed something? Have you funded your venture in some other way? Let us know!

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