Asia Centre for
Social Entrepreneurship &
Philanthropy
NUS Presentation Title 2001
The Role of Social
Entrepreneurship in
Health Delivery
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Audrey Chia
NUS Presentation Title 2001
Overview
• Characterizing Social Entrepreneurship
• Models of Social Entrepreneurship
• The Role of Venture Philanthropy
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Audrey Chia
NUS Presentation Title 2001
Social Entrepreneurship
• “Practical, innovative and sustainable approaches
to benefit society in general
with an emphasis on those who are marginalized and
poor.”
Source: http://www.schwabfound.org/sf/SocialEntrepreneurs/Whatisasocialentrepreneur/index.htm
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Audrey Chia
NUS Presentation Title 2001
Social entrepreneurs
• Adopt an inter-sectoral and cross-disciplinary approach
• Are guided by values
• Emphasis on the poor and disadvantaged
• Social objective is primary
• May be non-profit or for-profit
Reference: http://www.schwabfound.org/sf/SocialEntrepreneurs/Whatisasocialentrepreneur/index.htm
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Audrey Chia
NUS Presentation Title 2001
Models of Social Entrepreneurship
(1) Leveraged non-profit venture
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Addresses a market or government failure
Works across sectors, with a multiplier effect
Rely on philanthropic funding
Sustainable because partners have vested interests in it.
http://www.schwabfound.org/sf/SocialEntrepreneurs/Profiles/Abouttheorganizationalmodels/index.htm
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Audrey Chia
NUS Presentation Title 2001
Home-grown Leveraged
non-profit social venture
• Singapore’s very own WTO
World Toilet Organisation
• Examples of leverage
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Audrey Chia
NUS Presentation Title 2001
Models of Social Entrepreneurship
(2) Hybrid non-profit
• Non-profit , can receive donations
• Also recovers costs through sale of goods or services
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Audrey Chia
NUS Presentation Title 2001
Example of a hybrid non-profit
Senior Citizen Home Safety Association, Hong Kong SAR
• Founded by Timothy Ma in 1996 www.schsa.org.hk
• Social Entrepreneur of the Year, Asia, 2009
• Care and services for Hong Kong’s elderly and needy through
innovative use of technology
Source: http://www.schwabfound.org
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Audrey Chia
NUS Presentation Title 2001
Models of Social Entrepreneurship
(3) Social Business
• Businesses to meet social needs while making profits
• Main purpose:
• Grow to extend reach to the needy
• Some profits reinvested to fund growth
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Audrey Chia
NUS Presentation Title 2001
Support for social business ventures
• Comes from investors who seek social and financial
returns with “patient capital”
• Acumen Fund, of which Sadeesh Raghavan is Global
Advisory Board member, invests in businesses that
meet the needs of the poor
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E.g., Vision Spring – reading glasses for the poor
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Audrey Chia
NUS Presentation Title 2001
Example of a Social business venture
Ehealthpoint Services, India http://ehealthpoint.com/
• Co-Founder Amit Jain is President and CEO
• Applies ICT to meet health needs of rural populations:
- Clean water
- Telemedicine
- Diagnosis
- Medicines
- Awards include:
- Nasscom Social Innovation Honours 2012
- USAID Grand Challenge Award 2011
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Audrey Chia
NUS Presentation Title 2001
Summary
• Social entrepreneurs complement the efforts of the public
and private sectors in meeting health needs
• Especially when there are government or market
failures
• There are lessons in frugal innovation from Social
Entrepreneurs
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Audrey Chia