Social Entrepreneurshipthrough Internet Technology

Mingles Tsoi | barcamp 2010

INNOVATING

outline for barcamp 2010

1. what are social problems?2. what is social entrepreneurship?3. what is social innovation?4. why social entrepreneurs help?5. how internet technology help?

+ cases

social problems in Hong Kong

© www.cairnsmedia.com

© www.cairnsmedia.com

© www.cairnsmedia.com

poverty in Hong Kong

© www.edwardfwong.com

DRUG ABUSE

POVERTY GAPENVIRONMENTAL

PUBLIC HEALTH CLIMATE

AIR POLLUTION

DO SOMETHING ?Can we

what is social entrepreneurship?Social entrepreneurship is a process by

which citizens build or transform institutions to advance solutions to social problems*,

in order TO MAKE LIFE BETTER FOR MANY.* social problems, such as poverty, illness, illiteracy, environmental destruction, human rights abuses and corruption.

Social entrepreneurs create new combinations of people and resources that significantly improve society’s capacity to address problems.

Social Enterprisemust achieve the double bottom line

but it’s better to have triple bottom line

Economic ViabilitySocial Responsibility

Environmental Neutrality

“The most important is…

what is social innovation?

Social innovation seeks new answers to social problems by identifying and delivering new

services that IMPROVE THE QUALITY OF LIFE of individuals and communities.

Obama’s social innovation fundOn July 22nd Barack Obama’s administration listed the first 11 investments by its new Social Innovation Fund (SIF). About $50m of public money, more than matched by $74m from philanthropic foundations, will be given to some of America’s most successful non-profit organizations, in order to expand their work in health care, in creating jobs and in supporting young people (see the right table)

why social entrepreneurs help?• Innovative projects may reduce social

problems, but the speed of spreading innovations is slowly.

• In business, entrepreneurial firms that do well grow fast; but social entrepreneurship does not yet have a Microsoft or a Google.

• Policymakers hope that with encouragement from social entrepreneurs best ideas can be spread faster and wider.

KIVA- web platform of global microfinance exchange

caseshow internet technology help?

www.kiva.org

e-Everythingeducation, entertainment, environmental

leveraging social media for change

HKSEC is recognized as the foundation for young undergraduates and fresh graduates to learn the principle of social entrepreneurship

Training through Business Plan Competition

• created with social mission• aiming to relieve or reduce social

problems• through market mechanism and long

term strategy• under private enterprise operation

• with innovative, decisive andfinancial sustainability model

• creating socialvalue from profits

We believeSocial Enterprise is ...

2010 Mission + Strategy

• Social Innovation– Fresh thinking that creates value for social good through

the open and user-driven processes– Multi-dimensional engagement with various business

sectors to generate innovation

• Social Entrepreneurs in Practice– 3-Step: Motivation, User-driven Innovation, Actions– Internship, Incubation, Startup Investment, Mentorship

Our Mission

• To motivate more teenagers to learn, work, and create social enterprises;

• To develop more in-depth learning resources for social entrepreneurship, such as social impact assessment, ideas of collaboration and innovation for social good;

• To induce business enterprises adopting social entrepreneurial operation model and becoming more socially conscious;

• To bring together public, private and community partners to create new solutions to Hong Kong’s most pressing social needs.

Presentation

Business Plan

SummaryVisual Promotion

Summary5-page document, English/Chinese

Visual PromotionVideo/multimedia presentation

All team members must attend

English/ChineseSemi-Final & Final:

15 min presentation + 20 min Q&A

Business Plan Competition

20-page document full business planEnglish/Chinese

Principles / WitnessVisits / Experts

• Training Workshops (2 levels)Mindset Training: Ideas for Social InnovationSkills Training: Creating Social Business

• Talks (3 times)Talk 1: Technology and DesignTalk 2: Social Intelligence ForumTalk 3: Innovating Social Business

• Community Visits (5 sessions)Understanding Social Reality on themes:- poverty - environmental- housing - cultural conservation- ethnic minority & social inclusion

• Mixers & Mentors (3 times)- Finding team mates- Meeting mentors & entrepreneurs- Meeting advisors and investors

Competition Internship

• Business SummaryExpecting about 1,000 students for 320 teams

• Semi-Final24 teams are selected by 6 panels of judges

• Grand Final6 teams will compete for the 2 champion awards

• Internship AwardsEach member of the two Champion teams will be awarded $48,000 as internship money to support the implementation of their social ventures

Our Approach

Learning Activities Practicing & Actions

Summary of Activities

Promotion, Education & Training– Over 15 introductory sessions – 5 Community Visits– 3 Social Entrepreneur Talk– 3 Social Innovation Mixers– 2 Training Workshops

Official Events– Inauguration Ceremony (25 Sep 2010)– Semi Final Presentation (22 Jan 2011)– Grand Final Presentation (19 Feb 2011)– Gala Dinner & Awards Ceremony (19 Feb 2011)

Media coverage of HKSEC2009

Supplement in HKEJ and HKET

Constructing theSocial

EntrepreneurialEcosystem

for Hong Kong

ContactMingles Tsoi

hksec@sechallenge.hk

www.sechallenge.hkwww.facebook.com/hksecwww.youtube.com/hksec

t.sina.com.cn/hksecwww.twitter.com/hksec