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The mission of the Your Mark on the World Center is to solve the world's biggest problems before 2045 by identifying and championing the work of experts who have created credible plans and programs to end them once and for all.

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Social Entrepreneurship

This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.

Nonprofit Entrepreneur Recognized For Impact On Poverty

At its recent fall conference, the Social Venture Network recognized four entrepreneurs with its Innovation Awards. Among the winners was Alfa Demmellash, CEO of Rising Tide Capital.

Alfa shared some of her thinking with us.

Explaining what it means to be a social entrepreneur, she said, “Being a social entrepreneur means leveraging business principles and sensibilities to create solutions that combat social issues.”

“I am passionate about the possibilities that occur when individuals see the world around them differently, and believe they can actually make a difference,” she added.

“A lot of people have great vision and ideas but are held back by fear of failure and other people’s opinions. You have to inoculate yourself against those internal and external voices. You have to arrive at a place where you think you have a limited time to make your mark on this planet,” she continued.

Hinting at her nonprofit’s unlikely focus on entrepreneurship, she concluded, “Business is at the heart of what can positively impact other prevalent crises that we are trying to address. Surprisingly very minimal effort and investment go into the creation of localized businesses within communities that have been traditionally marginalized. It is clear that this is one of the only ways to address the underlying issue of economic poverty.”

On Thursday, October 30, 2014 at 6:00 Eastern, Alfa will join us here for a live discussion about her work and her recent recognition. Tune in here then to watch the interview live.

You can download an audio podcast here or subscribe via iTunes.

More about Rising Tide Capital:

Headquartered in Jersey City, Rising Tide Capital, Inc. is a 501©(3) non-profit organization founded with the mission to empower entrepreneurs to create and grow small businesses which transform lives and communities. The organization’s vision is to build a replicable model for high-quality entrepreneurial development services that can be adopted locally in other low-income communities. Learn more at www.RisingTideCapital.org

 

Alfa’s bio:

Alfa Demmellash co-founded Rising Tide Capital in May 2004. As Chief Executive Officer, she oversees strategic growth, programmatic innovation and stakeholder engagement at Rising Tide Capital. She graduated cum laude from Harvard University with a degree in Government. Alfa is the recipient of Honorary Doctorates from St. Peter’s University and New Jersey City University and has won numerous awards for her work as a leading social entrepreneur.

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Jesuit Colleges Jump Into Social Entrepreneurship

Dr. Thane Kreiner of Santa Clara University, Center for Science, Technology, and Society leads the program to establish social entrepreneurship programs at Jesuit colleges across the country.

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According to a publicist, Santa Clara U’s Global Social Benefit Incubator, which taps into Silicon Valley expertise to help social entrepreneurs in third world countries, has spawned 202 enterprises, impacted nearly 100 million people. Forty percent of the social enterprises they have worked with are scaling and financially stable and 90 percent are still in business. They have helped Social Enterprises raised $89 million. Now, the GSBI® Network, a growing group of Jesuit universities and other mission-aligned institutions with a common focus on leveraging social enterprise for social benefit, is multiplying the incubator’s impact by sharing curriculum, methods, best practices and other resources for launching and operating social enterprise incubators and accelerators.

On March 31, 2014 at 5:00 Eastern, Dr. Kreiner will join me for a live discussion about the growing social entrepreneurship program.

Tune in here then to listen while you work.

Dr. Kreiner’s bio:

Howard and Alida Charney University Professor of Science and Technology for Social Benefit
Thane Kreiner, PhD, is Executive Director of the Center for Science, Technology, and Society at Santa Clara University. Thane was previously Founder, President, and CEO of PhyloTech, Inc. (now Second Genome), which conducts comprehensive microbial community analysis for human health applications. He was Founder, President, and CEO of Presage Biosciences, Inc., a Seattle-based company dedicated to bringing better cancer drugs to market. Thane was the start-up President and CEO for iZumi Bio, Inc. (now iPierian), a regenerative medicine venture based on the break-through iPSc (induced pluripotent stem cell) technology. Prior to his efforts as a “parallel entrepreneur”, Thane spent 14 years in various senior leadership roles at Affymetrix, Inc., which pioneered the DNA chip industry. Thane currently serves on the Board of Directors for the BioBricks Foundation and as a Board member for Didimi, Inc.. Thane earned his MBA from the Stanford Graduate School of Business; his Ph.D. in Neurosciences from Stanford University School of Medicine; and his B.S. in Chemistry from the University of Texas, Austin.

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