We at Beyond Profit believe in the power of entrepreneurship to drive development. But creating a new social business isn’t an easy task – it involves a huge risk (personal and financial), and a special mix of business know-how and savvy street smarts that aren’t easily taught in a classroom. How can we both inspire the next generation of entrepreneurs to take that risk, as well as equip them with the skills to be successful? This group of social enterprises is doing just that. This week, we bring you five organizations supporting the next group of changemakers.
Thursday, August 26, 2010
Social Enterprise of the Day – ChangeFusion
Thailand; Non-Profit
ChangeFusion works with a broad range of social enterprises and NGOs in Thailand, providing design and investment advisory. But their recent endeavor has them working with a narrower niche – youth entrepreneurs in Thailand. While the youth unemployment rate is lower than the average for Southeast Asia and East Asia, young entrepreneurs still struggle to find funding for startup enterprises. ChangeFusion hopes to fill that gap, with startup investment and incubation targeted to youth businesses specifically. Since 2007, they’ve already supported projects in women’s handicrafts in India, and computer services in Thailand. As of 2009, they had serviced 50 young entrepreneurs.
