Social Entrepreneurship & Philanthropy: Synergies for change
In October, the DUBAI+acumen chapter held an event called “Social Entrepreneurship & Philanthropy: Synergies for change.” Jacqueline Novogratz spoke at the event and explained Acumen’s philosophy on creating a new way to tackle poverty. According to Jacqueline, “top-down approaches to charity and aid too often create dependence.” She introduced many people in Dubai to the concept of using “patient capital” to invest in for-profit companies in the developing world that are delivering much-needed goods and services to communities there.
We’d like to congratulate the Dubai chapter for putting on such a successful event. The chapter leaders and volunteers have done an incredible job spreading the idea that there are new ways to fight poverty in our interconnected world, and that everyone can play a role in creating dignity, not dependence.
The work of investors and financial institutions in Dubai and around the world to provide funding for long-term social investments is inspiring. By all indications, this is just the beginning of a worldwide collaboration to tackle poverty and use philanthropy in a more strategic and effective manner.
Check out the video produced by Space Plum Pictures below for highlights from the event:
For more reflections on the event and the connections between philanthropy and social enterprise, check out this post from Leena AlOlaimy, one of the event’s panelists, and this press release summarizing the event.
To see a list of upcoming events by our volunteer chapters around the world and learn how you can get involved, visit plusacumen.org.