Social business summit targets youth
By Digital News Asia October 19, 2012
- Youth Social Business Summit 2012 to take place from Dec 7 – 9 at MAP@Publika, Solaris Dutamas
- Aims to propagate self-sustaining companies focused on social welfare over shareholder value
YOUTH trust foundation myHarapan has announced the Youth Social Business Summit 2012, slated to take place from Dec 7 – 9 at MAP@Publika, Solaris Dutamas.
Sponsored by MyEG and Yayasan Sejahtera, the three-day event aims to propagate social business among youths, and foster discussion and collaboration between social entrepreneurs and stakeholders in addition to sharing best practices.
The summit featuring workshops, panel sessions, meetings and exhibitions, and is targeted at university students, youth leaders, activists, social entrepreneurs, non-governmental organizations (NGOs), academia, working professionals and social entrepreneurs.
A social business is a self-sustaining company focused on social welfare rather than shareholder value. Investors receive no more than their initial investments, with profits channeled back into the organization for future expansion, improvement of product or service, as well as subsidy of costs.
The practice has been largely propagated via four organizations, namely the Yunus Centre in Bangladesh, the Yunus Social Business Centre University of Florence, Social Business Earth and the Grameen Creative Lab in Germany.
Special guests for the event include Nobel Peace Prize recipient Professor Muhammad Yunus; Impact Investment Exchange Asia director of corporate finance Raya Papp; Grameen Credit Agricole Microfinance Foundation chief investment officer Juergen Hammer; Kakiseni founder Low Ngai Yuen; Tandem Fund chief operating officer Kal Joffres; and Social Enterprise Alliance director Ellynita Hazlina Lamin.
Unique to the event is the Social Business Breakouts, which calls upon guests to learn about existing social businesses and solve pre-determined challenges concerning global issues, while the Eureka Breakouts challenges them to design a social business that aligns with the core values of the for-profits sitting on the Platinum Panel.
The summit will also be streamed online for people across the world to watch events as they unfold.
Tickets are priced at RM300 for Malaysians, RM400 for Internationals and RM600 for Corporates. Members of student NGOs Students in Free Enterprise (SIFE) and AIESEC enjoy discounted prices of RM100 and RM150 for Malaysians and Internationals respectively.
For more information, click here.