Durreen Shahnaz, Founder and Robert Kraybill, Managing Director of IIX were interviewed by Michael Switow for the July issue of SC Magazine on how impact investing and business innovation are leading the way as alternatives to philanthropy.
Shahnaz has proven herself to be an incredibly determined individual:
As I like to say, you just have to say “you can’t do it” to me and I will set to prove you wrong….yes, there were many barriers but I always found ways to go around it. The most important thing is to believe in oneself and not give up.
To read more, click the link below:
Impact Investors: Share your insights & stand a chance to win a one-year Impact Partners membership valued at US$3500 here.
Director of Impact Partners En Lee was interviewed by Singaporean radio station 938 last Tuesday, answering questions about the importance of impact investing and the launch of Impact Partners.
To listen to the interview, please click here. Investors and Social Enterprises can register with Impact Partners at www.impactpartners.asiaiix.com.
Impact Partners is Asia’s first private platform for social enterprises and impact investors. Launched March 2011, Impact Partners is an exclusive network where investors are given access to business plans and introduced to social enterprises that are not listed on the Impact Exchange. This online platform is a dedicated matching service for investors interested in making private investments in pre-screened social enterprises that match their investment criteria. Unique to Impact Partners is the fact that the social enterprises would have been assessed on their social impact and financial capacity through a market readiness assessment framework so that investors can be assured of high-level access to a possible investment opportunity.
IIX is proud to present Impact Partners, Asia’s first private platform for social enterprises and impact investors. Launched March 2011, Impact Partners is an exclusive network where investors are given access to business plans and introduced to social enterprises that are not listed on the Impact Exchange. This online platform is a dedicated matching service for investors interested in making private investments in pre-screened social enterprises that match their investment criteria. Unique to Impact Partners is the fact that the social enterprises would have been assessed on their social impact and financial capacity through a market readiness assessment framework so that investors can be assured of high-level access to a possible investment opportunity.
Check us out at www.impactpartners.asiaiix.com!
From the Nation:
According to the ADB, social enterprises offer huge potential for tackling socio-economic problems, such as lack of access to healthcare, education, housing, and micro-enterprise financing. Thailand boasts an emerging pool of dynamic social enterprises, and an even greater number of social entrepreneurs looking to start up new initiatives.
While many social entrepreneurs and enterprises are ready to boost their positive social impact, they require improved access to growth capital, capacity building, and market-relevant skills.
“Impact investors … are addressing the need for capital by committing resources to businesses considered socially and environmentally responsible,” the Manila-based bank said.
On the sidelines of this symposium, Thammasat University is also hosting its fourth annual Global Social Venture Competition – Southeast Asia. University students from seven countries have teamed up to join the competition and 10 finalists, including four Thai teams, will showcase their plans today.
Two Thai teams are from Thammasat’s IMBA (International Master of Business Administration) programme. One team, named “Smile Floss”, deals with the first organic silk floss in Asean to support local silk producers. DeepScan offers an innovative endoscope that can be used to detect cancer at the early stage and target low-income people.
I-AM, from Thammasat’s IBMP (Integrated Bachelor’s and Master’s Degree Programme), collects harmful by-products of the leather industry and turns them into leather board.
Indhan, the team from the Asian Institute of Technology, is a biogas system provider, aiming to reduce dependence on external energy among rural households in Nepal.
Asian Development Bank Press Release
BANGKOK, THAILAND (3 March 2011) – Social entrepreneurs are generating business ideas to address social and environmental challenges in Thailand and around Asia. But they require greater financial support from impact investors to expand their ventures.
More than 100 social entrepreneurs and their supporters are gathering in Bangkok today and tomorrow to discuss the huge potential of social enterprises in improving lives through the power of the free market. They are convening as part of the combined Global Social Venture Competition, Social Entrepreneurship Symposium, and Impact Forum for Social Change.
Social entrepreneurs are persons who develop fresh business solutions to major social challenges. They tend to be ambitious and committed to developing and implementing ideas for wide-scale societal change. Social entrepreneurs work to solve problems by developing sustainable and market-based solutions to address perceived gaps in what government and charity organizations are doing.
“The Competition and Symposium provide the opportunity to engage social entrepreneurs who are changing the world with their energy and creativity,” said Edward Rubesch, Director of the IMBA Program at the Thammasat Business School. “These events showcase how social entrepreneurs are developing innovative solutions to today’s most pressing problems.”
One sponsor of the two-day program is Impact Investment Exchange Asia (IIX Asia), which is building the first social stock exchange in Asia. “A regional stock exchange serving social enterprises from Thailand and other developing Asian countries will link social enterprises in need of funding with impact investors who understand their business models and value their social mission,” said Durreen Shahnaz, the organization’s founder and chairperson.
Support for the combined program has also been provided by the Asian Development Bank (ADB). “Through its operations, ADB supports a vibrant private sector,” said Bart W. Édes, Director of ADB’s Poverty, Gender, and Social Development Division. “Social enterprises promote inclusive growth through their clever utilization of socially oriented business models. They are building from the grassroots up, and making their positive impact felt in communities across Thailand and beyond.”
Young social entrepreneurs, government representatives, and potential investors are gathering to explore how to boost the capacity of social enterprises in Southeast Asia. The overlapping events – which are open to the public – will highlight promising new initiatives, offer participants with a deeper understanding of impact investment, and explore the market readiness of social enterprises in Thailand.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region.