Coming to a Campus Near You: Social Entrepreneurship Ed
by Harv Hilowitz, August 20, 2018
Today, many higher education institutions are faced with declining enrollment, increasing tuitions and calls to infuse their degree tracks with more practical experiences for students, leading more directly to meaningful careers. At the same time, college students are searching for programs offering practical, academically rigorous work-related experiences that tie into their social consciousness as citizens of the world. Social entrepreneurship (SE) education, on campus and online, may offer a solution.
SE 101. Social entrepreneurs are people who create businesses with the core intention to help mitigate a social problem, using the proceeds and spinoff services derived from that business. An example of an SE enterprise is the local thrift store operation that also acts as a women’s center, training and hiring the supported women in the retail and outreach roles, while cycling the proceeds into the center’s general operations. SE’s can be for-profit, nonprofit or hybrid operations, depending on the entity’s mission.
Social impact investing, meanwhile, is most often a corporate form of SE, wherein existing companies or institutions provide funding for socially oriented projects or “cloud-seeding” funds for other SE operations. The Newman’s Own philanthropy model is a well-known form of successful social investment……..