Posts Tagged ‘Events’

SF for Acumen Event: Social Enterprise from Scratch

Friday, July 9th, 2010

SF for Acumen and SOCAP10 Event at The Hub

When we started Acumen’s San Francisco chapter last fall, we knew we wanted to do something that had a distinctly Northern Californian flavor. So we took a page from Silicon Valley’s tech community and held a pitch night last month where five emerging social enterprises gave their best business plan presentations to a panel of Bay Area venture capitalists and veteran entrepreneurs like Premal Shah of Kiva.

More than 200 people came to see entrepreneurs like Shah and Leila Janah of Samasource share the lessons they learned from building their nonprofits from the ground-up.

Whether facing cost constraints, building a new brand in an unknown market or creating traction in an online marketplace, all of the speakers shared a common commitment to approaching long-standing problems with innovative technology solutions. It was an incredible opportunity to hear from individuals who are so boldly championing social enterprise as a solution to the economic and social disparities endemic to global poverty.

The second half of the event was dedicated to showcasing some of the pioneering social entrepreneurship happening in the Bay Area through a VC panel and social entrepreneur pitch session.  After sharing her experience working with D.light in India as a 2009 Acumen Fund Fellow, Heidi Krauel graciously moderated the VC panel and pitch session. Each social entrepreneur was given five minutes to pitch their business models to the VC panel and then responded to five minutes of Q&A from the panelists.  The social entrepreneurs’ pitches – spanning businesses in microfinance, water, cleantech, international development and web – underscored the incredible level of commitment it takes to launch a social enterprise.  Their excitement and dedication was truly inspiring. We hope the critical questioning from VC panelists Wes Selke of Good Capital, Beaudean Seil of Hunstman Gay Capital Impact and Esther Park of RSF Social Finance, will help them refine their business models as they work to build their organizations.

SF for AcumenSF for Acumen

We partnered with Hub Bay Area and SOCAP10 at the Hub’s new downtown SoMa location. Just a few hours before the event, the Hub was still buzzing with activity with members dispersed throughout the 8600 sq. ft. of communal workspace. But, by 6 p.m. the Hub’s staff had expertly transformed the interior from a sea of modular work islands, designed to foster radical collaboration and idea flow, into an event space soon to be filled with 200 attendees. The wine was flowing courtesy of our sponsors Y&B Wines and The Bubble Lounge.

Following the pitches, we were thrilled to be approached by other social entrepreneurs interested in similar events in the future. For us, this was a true measure of the event’s success.  We hope Social Enterprise from Scratch is just the beginning of SF for Acumen’s potential to serve as a resource and inspiration for our community.

Join SF for Acumen and Nuru Project for DIGNITY, a photo auction and exhibit benefitting Acumen Fund. The event will be held on Saturday, August 7th at Gallery 16 in San Francisco, and will feature 30 prints by renowned photographers for auction.  All tickets include open wine/beer bar and hors d’oeuvres, and proceeds from the event will support Acumen Fund. Register here.

Mediha Abdulhay and Kim-Mai Cutler are co-leaders of the SF for Acumen chapter. They organized the Social Enterprise from Scratch event at Hub SoMa in San Francisco in June 2010. Learn more about SF for Acumen on our Community site.

Pakistan for Acumen, Spurring New Debate on Social Enterprise

Wednesday, June 23rd, 2010

Pakistan for Acumen Event

Pakistan for Acumen (PfA) did something different…the leaders of this newly-formed volunteer Chapter sought out an inspiring venue, T2F – The Second Floor in Karachi, PK – to host its event earlier this month. As a result, a group of curious and energetic students and professionals came together to learn about how PfA can spur conversation and debate about social entrepreneurship.

PfA arranged this event with the intentions of:

  • Furthering dialogue/debate around social entrepreneurship by asking the questions: What does it mean? What does it mean from Acumen’s lens? What is the role of sustainability, social impact and scale? How can we find balance for the greatest success?
  • Creating an opportunity to energize young professionals, students and entrepreneurs about social entrepreneurship as a career choice, and discussing the value this creates for the development of Pakistan.
  • Getting more young professionals involved with PfA Chapter activities.

The event kicked off with a screening of Jacqueline’s video as featured on PSB NewsHour. The short clip provided good fodder for discussions about Acumen Fund’s work. Following the video, PfA shared a powerful presentation highlighting issues like ‘who are our social change agents?’ and ‘social business that serves the poor’. These topics resonated with me because they clearly articulate Acumen’s values of acknowledging entrepreneurs who, despite a variety of challenges, are still striving to create businesses/markets to serve the poor. The interconnectedness perceived by the participants was evident in the discussions that followed the session.

Sarah Dimson, an Acumen Fellow working with AMC in Pakistan, deliberated on how affordable housing has proved the potential for scaling the social enterprise sector. She talked about her personal experience of working with AMC, an emerging housing company that not only builds houses, but also communities! Her enthusiasm and the commitment with which she has accepted the challenge to work in the sector and this country strengthen the need for the chapter to come forward and start taking action.

“In my presentation, I highlighted how microinsurance as social enterprise is assisting low income families to get out of a poverty trap and augmenting the microfinance sector to expand and develop a new market. I shared my excitement that the enormous exposure to forums and opportunities, networking with the world’s top-most leaders, and invaluable source of knowledge about the sector, has helped me broaden my thinking. Excited about sharing my vision of creating future leaders for Pakistan, I concluded the presentation with an invitation to act by saying ‘Do you have any dream or plan to be, yourself, a change agent or be a part of the change? If not, join the Acumen Community; you will have one very soon!’”

Pakistan for Acumen Event

I was extremely touched by the interest and quality questions after the presentations. The curiosity to have a metric for measuring social impact and the suggestion of a lab investment gave me comfort that the event had a leap-forward impact on the participants’ understanding of the sector. Questions like ‘how to measure the social impact,’ strengthen Acumen Fund’s efforts of developing the right metrics and tools to do so. The group itself was challenged, had the chance to unearth these kinds of queries, and is willing to contribute in developing such tools.

I had the opportunity to meet a few exciting folks from the business and technology sectors who want to do their part. Farhan Zaidi, an IBA graduate, invited me and Acumen Fund to hold such gatherings at his campus. Another group of gentlemen expressed their deep interest in the Fellows Program and Summer Internships as an opportunity to learn more about the space. I was amazed to see another passionate woman, Iqra Shaukat from the Association Internationale des Etudiants en Sciences Economiques et Commerciales (AIESEC), striving to bridge the divide between the developed world and Pakistan by offering an exchange program for youngsters across the globe. AIESEC is currently seeking networking opportunities, so their groups would exhibit greater diversity.

I hope this event will go a long way in advancing the discussion and bringing more people on board with Pakistan for Acumen, and the sector at large.

Zahoor Muhammad is an Acumen Fellow in the Class of 2010, working with FMiA in Pakistan.

Ferragamo WORLD Launches, Supporting Acumen Fund

Tuesday, June 22nd, 2010

Ferragamo WORLD

When Jacqueline says in our video “Imagine a World” that ending poverty will require all of us doing our part, she isn’t kidding. I spent the past few hours with a group of people who live and work in a world that has never before been connected to Acumen Fund. It is men’s fashion week in Milan, and Salvatore Ferragamo, a brand known for its hand-crafted Italian shoes and handbags, just announced a new line of shoes and a relationship with Acumen Fund that is unlike anything either organization has undertaken.

The announcement was made at an event launching the new product line called Ferragamo WORLD, which aims to bring Ferragamo’s classic style to a new audience. The event highlighted both Acumen Fund and the shoes – which are more casual than most of Ferragamo men’s shoes and designed to take advantage of eco-friendly leather tanning processes and materials. With every pair sold, they will support Acumen Fund’s work in East Africa, India and Pakistan with a portion of the proceeds.

In attendance at the launch were fashion media from London to Seoul, fashion buyers from some of the biggest retailers, and the extended Ferragamo team and family.

The juxtaposition of fashion and social enterprise may raise a few eyebrows. One might ask, “What do leather shoes have to do with solving the problems of poverty?” But sitting in the room with members of the Ferragamo team, seeing their pride and excitement about the relationship, Jacqueline’s words came back to me. Here is a group of talented, creative people who want to work with us to tell the story of social enterprise and engage their customers in an effort to build businesses that give real options to a different kind of customer – those for whom shoes of any kind may be a luxury.

Salvatore Ferragamo himself started out in Hollywood over 80-years-ago making custom shoes for starlets. Today, the shoes are manufactured by hand in small factories in Italy, and marketed globally. I do think it will take everyone to create change on the scale we imagine, and we welcome and appreciate the support of this particular company with its unique culture and history.

Watch the video from the launch of Ferragamo WORLD.

Yasmina Zaidman is the Director of Communications for Acumen Fund and attended the launch of Ferragamo WORLD in Milan this week.

NY for Acumen and SOCAP Event Thurday, June 24th

Monday, June 21st, 2010

NYfA SOCAP Event

Join New York for Acumen and Presumed Abundance at SOCAP10 Coast to Coast: At the Intersection of Money and Meaning.

Social Capital Markets (SOCAP), in partnership with NYfA and Presumed Abundance, will provide food, drinks and great discussions from the leaders of the East Coast Social Capital Markets.  Hear ‘What’s Next’ for these organizations from Rob Katz of Acumen Fund, Kim Scheinberg of Presumed Abundance, and Kevin Jones of SOCAP10.  Tickets are $20.

Event Details
Date: Thursday, June 24th
Time: 6:00 – 8:00pm
Location: Desmond Tutu Center, 180 10th Avenue, NY, NY 10011
RSVP: http://socapcoast2coast.eventbrite.com/

Dining for Dignity – Thanks to an Ash Cloud

Thursday, June 17th, 2010

Dining for Dignity

This past Sunday, I found myself standing in a hidden bohemian (albeit) shabby chic virtual warehouse in the heart of London’s East End with Michelin Star chefs prepping and dicing in the upstairs kitchen.  I looked out to a sea of faces at this Dining for Dignity event, hosted by London for Acumen – some new and some very familiar.  Those faces staring back at me were faces I identified as Acumen’s growing community of true game-changers, who I know will continue to inspire me, and yet there I was for the evening hoping to inspire them.

After a 6-course Michelin star menu – prepared by the former team of Richard Corrigan and Tom Aikens: Ollie Pudney, Dominic Robinson and sommelier Dawid Koegelenberg – I took to the stage and began to educate the room about the concept of venture philanthropy. I talked to them about A to Z and their blended approach of business and philanthropy, and more importantly, I tried to reach them with this story that meant more than debt, equity and metrics.

This evening would never have taken place without the goodwill of Eyjafjallajökull.  I say that flippantly, yet truthfully.  It was this Icelandic ash cloud that destroyed travel plans for many and brought me together with Yasmina Zaidman and her team at Acumen.  For those few weeks, I was in the presence of an overwhelming number of social innovators. It was then that I decided to dedicate my time to London’s plans and vision in support of Acumen.

Sunday was a humbling night.  This event, the first fundraiser of the year for our group, brought in more than GBP 980 for Acumen.  The buzz that evening felt unstoppable.  We as a chapter have only begun to realise our momentum, our press that evening was phenomenal, the goodwill from some outstanding individuals was recognized, and we expect that this is only the beginning.

Learn more about London for Acumen and join us!

See more photos from the event and check out the BBC coverage, below.

Jill Richmond is one of the chapter leaders of London for Acumen. She helped organize the Dining for Dignity event on June 13, 2010.