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Social Entrepreneurship

Social Entrepreneurship has to do with recognizing social problems and seeking to achieve social change by employing entrepreneurial and innovative means. It involves organizations or business interests making research into societal problems and then setting up creative ways to solve these problems.

It is worthy to note that while the common entrepreneurial setups that we are used to may open up business ventures with the sole aim of maximizing profits, the sole aim of the social entrepreneur is to battle societal and environmental challenges without gauging the performance in terms of profit or returns in monetary value.

The social entrepreneur is mostly in business to change lives and alleviate society’s most pressing problems. This he does in the most creative of ways, churning out products and services that offer new ideas for wide-scale change. And if he does make money in the process, good and fine. After all, the social entrepreneur will need the capital to build up the necessary products that will bring about this change.

Social entrepreneurs are usually associated with non-profit and non-governmental organizations. They may raise funds through fundraisers, community events, and charities. With social entrepreneurship, it is all about people. It is no surprise, therefore, that this field of study is rapidly growing and gaining ground in our university campuses, attracting numerous volunteers.

Schools Offering Social Entrepreneurship

  • University of Pennsylvania
    • It’s Wharton School offers an undergraduate concentration in Social Impact & Responsibility.
    • At the Penn School of Social Policy & Practice, you can earn a Master of Social Work, an MS in Social Policy or Nonprofit Leadership, or a PhD in Social Welfare.
    • The Center for Social Impact Strategy is also a part of the School of Social Policy & Practice.
  • The University of Oxford
    • Oxford’s MBA programme at the Said Business School offers three social entrepreneurship electives that cover international social entrepreneurship, innovation and social entrepreneurship, and design and development.
  • Duke University
    • Duke University offers an undergraduate certificate in Innovation and Entrepreneurship.
    • The Fuqua School of Business offers an MBA program with a concentration in Social Entrepreneurship through the Center for the Advancement of Social Entrepreneurship (CASE).
  • Yale University
    • At the Yale School of Management, the Program on Social Enterprise (PSE) holistically discusses nonprofits, social enterprises, and public sector social entrepreneurship.
  • Stanford University
    • At the Stanford Graduate School of Business, you can complete a Certificate in Public Management and Social Innovation within your MBA or MS program.
  • University of California-Berkeley
    • At Berkeley Haas School of Business, students enrolled in the full-time MBA program can pursue areas of emphasis such as Corporate Social Responsibility, Energy and Clean Technology, and Social Sector Leadership.
  • Northwestern University
    • For undergraduates, Northwestern University offers a major in Social Policy.
    • The Kellogg School of Management offers “pathways” for their students to work in industries that are currently emerging.

 Scholarships For Social Entrepreneurship Course

  • Echoing Green Global Fellowships For Social Entrepreneurship: This Program offers a stipend of $80,000 for individuals or $90,000 for two-person partnership. An emerging social entrepreneur from any part of the working world may apply.
  • Unreasonable Institute For High Impact Social Entrepreneurs (Global, US and East Africa): This is for entrepreneurs that have what it takes to provide solutions to the world’s biggest problems.
  • Hult Prize For Social Enterprise: The Hult Prize is offered in partnership with the former US President Bill Clinton and the Clinton Global Initiative. The prize offers budding young social entrepreneurs emerging from the world’s universities a whopping sum of $1,000,000 to solve the world’s toughest challenges. This prize is funded by Swedish entrepreneur, Bertil Hult and his family.
  • Acumen Global Fellowship Program For Next Generation of Social Impact Leaders: This is a 12-month fellowship for individuals dedicated to serving the poor and who have business ventures that will impact society in the long term.
  • Skoll Masters Scholarship in Social Entrepreneurship for International Students to Study in the UK: This is a competitive scholarship for incoming MBA students who pursue entrepreneurial solutions for urgent social and environmental challenges. It provides funding and an opportunity to meet with world-renowned entrepreneurs and investors.
  • D-Prize Challenge for Social Entrepreneurs: This scholarship is an opportunity for bold entrepreneurs to design new social enterprises and solve one of the distribution challenges. $20,000 is up for grabs in the challenge.
  • Global Social Venture Competition for Aspiring Entrepreneurs: This is a preeminent social venture competition for aspiring entrepreneurs with mentoring, exposure and $50,000 in prize money to transform their business ideas into positive real-world impact.

Career Opportunities In Social Entrepreneurship

Social entrepreneurship is not so much a career as it is a calling. It can be a driving vision that compels one to dedicate his life to a particular social purpose. The following are social enterprises a social entrepreneur can build a career with.

  • Org
  • My TURN, Inc
  • Network For Good
  • New creations Community Outreach
  • New Sector Alliance
  • One Economy
  • Nurses For Newborns
  • Operation Warm
  • Points of Light Institute
  • Peer Health Exchange
  • Project Health
  • Public Allies
  • Roca
  • Zero Divide
  • Youth Villages
  • Upwardly Global
  • The Mind Trust
  • Social Enterprise Alliance
  • Subchange Capital

Providing innovative solutions to society’s most pressing needs is the life’s work of a social entrepreneur. As a social entrepreneur, you can team up with other collaborators and take advantage of the scholarships, fellowships and venture funding that notable organizations are offering in order to pursue your vision.