social impact

Joining hands with the Social Entrepreneurs

More than 40 worldwide associations have come forward to join the Covid Response Alliance For Social Entrepreneurs. The motivation behind this partnership is to provide a harmonized reaction to the social entrepreneurs as they monitor the COVID19 impacts.

 What is this Alliance?

The COVID Response Alliance for Social Entrepreneurs is an exceptionally coordinated effort between over 40 global firms to extend support towards social entrepreneurs in blending information, experience and reactions to relieve endurance and promote transformation for progressively comprehensive, impartial and economical world. 

Members of the Alliance are presently assisting more than 15,000 social entrepreneurs helping 1.5 billion people altogether in and around 190 countries, endeavoring to serve the vulnerable groups who have been left out. Most of the people are groups who have been negatively impacted by the COVID 19 pandemic. 

Dominic Waughray, Managing Director of World Economic Forum says, “Social entrepreneurs are battling at the forefront of this pandemic to serve the most vulnerable populations using their ingenuity to confront the problems on the ground. This Alliance will support them with their mission at a time when they are needed more than ever”

Supporting The Social Entrepreneurs

Over 15000 members who impact the lives of 1.5 billion people have collaborated for this social cause. The members focus on improvement of livelihoods,and  access to healthcare, education and sanitation to the marginalized groups. The members lend a hand to support the physically disabled, refugees and homeless in the social inclusion movements.

The role of social entrepreneurs amid the Covid19 pandemic has grown more important. As the governments fail to take accountability of the worst affected groups. The members are trying their best to provide access to water and food along with developing mobile community tracing initiatives. To extend their reach and to be able to assist more people, the social entrepreneurs need our support.

Role of The Alliance In Supporting Social Entrepreneurs

This Alliance will offer all-encompassing help to social entrepreneurs as they beat the effects of COVID19: 

  • Joint Action Platform: Aggregate activity across most impacted associations
  • Enhanced Support: Identify, organize, and boost the accessibility of assets 
  • Perceptibility: Highlights accessible fast reaction funding under one roof
  • Additionality: Designed to boost instead of replacing discrete responses
  • Existing Channels: Builds on currently funding connections for speed.

Members of The Alliance

According to the Schwab Foundation, the members of the Alliance include Aavishkaar Group,  Africa Venture Philanthropy Alliance (AVPA), Aspen Network of Development Entrepreneurs (ANDE),  Asian Venture Philanthropy Network (AVPN), B Lab, Bertelsmann Stiftung, CASE at Duke University, Catalyst 2030, Co-Impact, Draper Richards Kaplan Foundation, Echoing Green, European Venture Philanthropy Association (EVPA), Fundaci√≥n Avina, GHR Foundation, Global Innovation Fund, Global Steering Group for Impact Investing (GSG), Global Impact Investing Network (GIIN), Greenwood Place, IKEA Foundation, IKEA Social Entrepreneurship, Impact Assets, Impact Hub, International Labor Organization, Johnson and Johnson, KIVA, LatImpacto, Lex Mundi Pro Bono Foundation, Mercy Corps Ventures, Motsepe Foundation, NESsT, Open Road Alliance, Rippleworks, Root Capital, Salesforce.org, SAP, Schwab Foundation, Skoll Foundation, USAID Center for Innovation and Impact (CII), Yunus Social Business, Nonprofit Finance Fund (NFF), Ashoka, Acumen

“The economic fallout from COVID-19 could push half a billion more people into poverty. Social entrepreneurs are the de facto social net in many emerging economies. We need to intervene to help them before it’s too late” says Saskia Bruysten, Co-Founder & Chief Executive Officer of Yunus Social Business.

How To Help Social Entrepreneurs ?

1. Share about the Alliance to your connections using #COVIDAllianceforSocEnts

2. Share stories of social entrepreneurs on social media platforms using #TogetherwithSocEnts.

3. Donate to help the social entrepreneurs worldwide struggling economically due to the pandemic. Donate at covidcap.com.

4. To offer other help, write to socialinnovators@weforum.org

How Can The Alliance Help You As A Social Entrepreneur ?

The Alliance additionally includes another asset created by the Center for the Advancement of Social Entrepreneurship (CASE) at Duke University, Covidcap.com. This dashboard is an accessible database of crisis finances accessible to non-profit and for-profit entrepreneurs during COVID-19 and contains worldwide capital alleviation offers worth over $1 trillion.

Send resources to covidcap.com :

How to Partner With The Alliance?

For more information regarding partnership with the alliance of social entrepreneurs, please reach out to: socialinnovators@weforum.org

Leave a Reply

Your email address will not be published. Required fields are marked *