News: Social Entrepreneurship: The next big thing

Entrepreneurship

Social Entrepreneurship: The next big thing

As the country juggles to achieve a balance between a growing GDP growth and attempting to address issues ranging from education, energy efficiency to climate change, Social Entrepreneurship is the next big thing expected to influence India

As the country juggles to achieve a balance between a growing GDP growth and attempting to address issues ranging from education, energy efficiency to climate change, Social Entrepreneurship is the next big thing expected to influence India. It is the sector that is going to be a challenging field for the innovators and leaders and social entrepreneurs are agents of change but with an entrepreneurial approach.

People, government, corporations and funding agencies worldwide have realised that this is a way to achieve sustainable development and have started encouraging social entrepreneurs and innovators in several ways. It has just opened up and has already started showing signs of success by generating around three trillion dollar turnover globally.

Earlier, organisations solving social problems were often assumed to be idealistic, benevolent and lacking business insight or the ability to be entrepreneurial. But In India, Social Entrepreneurship is gaining ground again, more recently in the last three years. The social enterprise model, however, has been able to effectively deliver in generating livelihood, especially in connecting rural producer and urban consumers. This new evolving field has, therefore, also got early venture capitalist interested in funding with many seeking out such enterprises that hold out huge potential.
 

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Topics: Entrepreneurship, #Updates

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