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TCSE Presentation

  1. 1. Unlocking Social Innovation and Impact Investing in Tunisia
  2. 2. Tunisia: a challenging social and economic context 24,7% of the society live under the poverty line** National Center of statistics.1 million Tunisians will be unemployed by the end of 2011*•UTICA Young graduates are left without opportunitiesCentral and southern regions are the most deprived. Social Entrepreneurship: one important part of the solution Tunisian Center for Social Entrepreneurship
  3. 3. Social Entrepreneurship and Impact Investing“ Business is about problem-solving, but it does not always have to be aboutmaximizing profit. When I went into business, my interest was to figure out how tosolve problems I see in front of me. Thats why I looked at the poverty issue. So you canalso have social objectives. Ask yourself these questions: Who are you? What kind ofworld do you want?” Muhammad Yunus Social development For a social entrepreneur, social impact is - at least - as important as Social Entreprise the financial return « Normal » Enterprise Financial gain Tunisian Center for Social Entrepreneurship
  4. 4. Social Entrepreneurship and Impact Investing A social entrepreneur builds a company or a non-profit organization to implement innovations that meet the social needs of his community ; Social entrepreneurship is gaining increasing momentum and interest all around the world: Increasingly, investors are investing in social for-profit companies in emerging markets to generate positive impact in sectors like education, health and access to finance; Social entrepreneurship and impact investing is still not developed in Tunisia…while other success stories exist throughout the world Tunisian Center for Social Entrepreneurship
  5. 5. Social Enterprises around the World… Below are some examples of social businesses in Africa and India: • Trashy Bag : The social enterprise clears trash from the streets of Ghana by employing 60 people who turn the trash into useful and attractive bags for sale locally and for export. • Komaza : KOMAZA works to unlock the economic potential of tree farming to generate life-changing income for rural families living in absolute poverty. It generates unprecedented income for rural families by planting Eucalyptus as a high-value cash crop. • Spring Health : In India, this company designed a system to clean the water. It franchises it to “micro-entrepreneurs” who use the system to sell drinking water in the villages. This business model generate revenues both to the company and the micro- entrepreneurs, while providing cheap drinking water Tunisian Center for Social Entrepreneurship
  6. 6. Our Organization: A Focus on SocialEntrepreneurship and Impact Investing in Tunisia Our vision: “Bringing entrepreneurs and investors together to implement sustainable and market- based urgent solutions to social issues in Tunsia and the Mediterranean area” Raise awareness Organize trainings about social and projects with entrepreneurship and international social impact investing in entrepreneurs Tunisia Connect international Identify, incubate and social and impact support social investors with social businesses in Tunisia start-ups and various stakeholders in Tunisia. Tunisian Center for Social Entrepreneurship
  7. 7. How does our Center differentiate itself? Social Entrepreneurship Niche: Several differentiators:  We will focus on Presence in Tunisia, Europe and entrepreneurial initiatives with US high social and environmental Expertise: We come from impact; financial services, business  We will leverage the consulting, and social incubation international interest for backgrounds responsible and impact investing; Network: Through our  We will connect with experience in Europe, US and the international social Arab World, we have built entrepreneurship networks like contacts and strong relationships Ashoka and Synergos with various actors in the social entrepreneurship and impact investing sector Tunisian Center for Social Entrepreneurship
  8. 8. Current Activities Our team, in partnership with JCI Manouba and ENDA, organized the first social business competition in Tunisia; helping15 young graduates identify social problems in their community and articulate revenue-generating solutions. We also participated in several local and international conferences such as Ashoka 30th anniversary in Frande (June 2011), the Diapora forum in Tunis (Septembre 2011) in Tunis and the Harambe gathering in Rome (August 2011) and the Social Business Strat-up Week- End in Paris (November 2011) In 2012, with the help of our new partners, we have been working successfully on the following major programs and activities Tunisian Center for Social Entrepreneurship
  9. 9. The TCSE Fellowship 2012 At our center, we believe that engaging young talents is a necessary condition for promoting and developing social entrepreneurship in Tunisia. Starting February 2012, we reviewed dozens of applications and interviewed interested candidates for our first fellowship program. The experience has been a huge success with about twenty talented and enthusiastic fellows supporting the center’s activities and contributing to various events and initiatives! Tunisian Center for Social Entrepreneurship
  10. 10. “I am a Social Entrepreneur "Campaign The Tunisian Center for Social Entrepreneurship, with the support of its partners, launched the first awareness raising campaign about social entrepreneurship in Tunisia in March 2012. Posters picturing social entrepreneurs from all around the world was displayed in universities and entrepreneurship organizations across Tunisia. The TCSE team engaged discussions and debates with students and potential social entrepreneurs about successful social entrepreneurs abroad and potential social business models that we can adapt to locals issues. Tunisian Center for Social Entrepreneurship
  11. 11. Social Innovation Tour 2012We also organized various workshop in eight universities across the country(Monastir, Sfax, Mahdia etc.). The main objective was to engage students in theidentification of their local social issues: what are the most urgent ones? Whatshould we focus on? Why? More than 200 young graduates and professionalsattended our meetings. Another objective was to establish a mapping of themost urgent challenges in the country, as major inputs for any socialentrepreneurship strategy Tunisian Center for Social Entrepreneurship
  12. 12. First Round Table about Social Entrepreneurship in Tunisia!Beyond raising awareness and helping develop new social start-ups, our center is alsodedicated to reflect on how to engage policy makers and researchers in thedevelopment process of social entrepreneurship in Tunisia:What definition of SE to adopt in Tunisia?How to regulate it?What are the appropriate legal and fiscal reforms to implement?What sort of funding should be available for Tunisian social entrepreneurs?We organized the first round table on the subject in Tunisia with more than 40attendees from various ministries and prestigious organizations such as the GIZ, theUNDP and the African Development Bank Tunisian Center for Social Entrepreneurship
  13. 13. What is next?Social Innovation Labs 2012: After mapping urgent social needs in the regions,participants have to find innovative market based solutions for each social issue, 15 regionsare in the programme. (April 2012)Social Business Competition 2012: After our first competition in partnership with JCI in2011, we renew the experience to identify and support a new class of social entrepreneurs!(June 2012)Incubation platform: As an obvious arm of our social entrepreneurship development, weare working on the appropriate partnerships with existing incubators and coaches to supportthe competition winners in starting up their endeavor. Social Impact Investing Conference: As a follow up to our first SE roundtable, we plan toinvite speakers from other Arab and European countries to reflect on the appropriateecosystem for an emerging social entrepreneurship sector in Tunisia, particularly on thefinancing and investing levelsSE internship Program: We plan to secure partnerships with 10-20 social enterprises in theArab world/Europe/Africa to host and collaborate with graduate interns from Tunisia Tunisian Center for Social Entrepreneurship
  14. 14. Beyond the core programs, the center aims tobecome a crucial player and the driver of socialentrepreneurship development in Tunisia. Our role isalso to raise issues related to financing socialbusinesses in Tunisia and encourage large-scaleinitiatives and models … Tunisian Center for Social Entrepreneurship
  15. 15. Driving SE research and advocacy in TunisiaOur center aims to: Develop partnership with local and international research centers and universities; Adapt successful social business models to the Tunisian context; Promote social business models in Tunisia and encourage them; Introduce and design new social micro-franchises in Tunisia; Advocate social entrepreneurship to create new legal status and encourage public-private partnership; Publish articles related to social issues and market-based solutions to social needs in Tunisia; Develop social impact measures adapted to local issues Tunisian Center for Social Entrepreneurship
  16. 16. Financing social entrepreneurs in TunisiaSocial businesses usually present a risky profile and have specific financialneeds and requirements. Our center aims to help develop the ecosystem offinancing social enterprises in Tunisia. Intermediating between social businesses in Tunisia and international social impact funds Enforcing transparency by setting rigorous measures of financial and social returns Contributing the development of adapted financial vehicles to social enterprises in TunisiaToward an impact fund in Tunisia?As a center, we can consider the creation of the first impact investment fund in Tunisia. Ourstrategy would be to invest 50% of the fund in social businesses in Tunisia. The rest wouldbe invested in safe assets and would hedge exchange rate risks. We would also leverage co-investing with private companies and public funds, and wouldadvocate the creation of a guarantee fund to recover any potential losses in this newsector Tunisian Center for Social Entrepreneurship
  17. 17. Micro-franchising in Tunisia: Bigger scale impact Microfranchising is broadly defined as small businesses that can easily be replicated by following proven marketing and operational concepts. The overall objective of microfranchising is to promote economic development by developing sound business models that can be replicated by entrepreneurs at the base of the socio-economic pyramid. We aim to contribute to the development of this proven source of job creation in Tunisia through: Education & Identification: Collect new replicable ideas through our events, competitions and partners R&D: Adapt micro-franchise models and ideas to the tunisian context and social needs Execution & Incubation: Identify appropriate entrepreneurs and support their new enterprises Tunisian Center for Social Entrepreneurship
  18. 18. Founding Team Hatem Mahbouli is currently pursuing his Anis Fnaich is the president of the Students MBA at Georgetown University. After 3 for Social Entrepreneurship Federation in years of consulting at Accenture, he has Paris. While studying business at EDHEC, been involved in several projects to develop he is working at a leading impact and promote impact investing and social investment fund (Amundi) entrepreneurship with leading funds and Email: organizations such as Grassroots Business Fund and Ashoka Global Email: After starting various initiatives about CSR Sarah Toumi is currently studying at as the president of JCI Manouba, Asma Sorbonne University in Paris. She is Mansour has been involved in various involved in various entrepreneurship and projects to raise awareness about non-profit initiatives . She also is the citizenships, human rights and founder and president of DREAM, a social environmental issues in the post-revolution incubator in Paris Tunisia. She is now coordinating the Email: center’s activities and partnerships Tunisian Center for Social Entrepreneurship
  19. 19. How to Engage? Funding • Sponsor our projects such as the exchange program or the social business incubations • Provide space for our various activities Expertise and Advisory • Join our Social Entrepreneurship Circle to support new social entrepreneurs • Contribute as a member of our various “Task Forces” to reflect on new legislation , ecosystem and new financial vehicles for social entrepreneurs Connecting • Connect us with your organization • Introduce us to potential mentors and speakers Tunisian Center for Social Entrepreneurship
  20. 20. Our Partners MakeSense is an open project which challenges people for social business. It develops itself thanks to a Gang of Social Business activists from all around the world who are joining us for two purposes : 1. source the challenges of Social Entrepreneurs and 2.Get people together worldwide so that they take up and solve those challenges. http://we.makesense.orgThe Friedrich Naumann Foundation for Liberty is anindependent, nonprofit, nongovernmental organizationcommitted to promoting citizenship education Incubator of sustainable and for-profit projects with social impact in France. It is hosted by Sorbonne University Tunisian Center for Social Entrepreneurship
  21. 21. Unlocking Social Innovation and Impact Investing in TunisiaThank you for your support! You can contact us on: Tunisian Center for Social Entrepreneurship
  22. 22. Appendix 1:Our Social Entrepreneurs Class 2011We started our activities in June 2011. As a first step toward educating about socialentrepreneurship and identifying innovative models in Tunisia, we set a social businesscompetition. It allowed us to connect with many motivated young entrepreneurs withpromising ideas. We asked three of them to introduce themselves and their projects : Tunisian Center for Social Entrepreneurship
  23. 23. Sarah ToumiAcacia Water for All! “I have been involved since I am 11 in international NGOs projects in Middle East and Tunisia, highly encouraged by parent with great social awareness . During my studies in France, I’ve been working for TakingITGlobal, the international youth network, and have been trained by Ashoka on Social Entrepreneurship as I won the Ashoka Youth Staples competition for the project Acacia Water for all ! I have been really anxious to export this impact and knowledge to Tunisia, but the government of that time was a huge obstacle. My frustration has been big until revolution happened ! Then, I reloaded my project : Acacia Water for all ! I have had this idea of project for 6 years and I will finally start it in 2012, with the help of the Social Entreprenership Center ! This project aims to stop desertification in the South of Tunisia, and in the same time creating jobs in rural areas and develop a new economy based on the sell of trees for big companies wanting to compensate their ecological footprint. I eventually created my own non-profit organisation in 2008: DREAM. DREAM is a youth- led NGO that aims to promote youth voices around the world and help them meet, share, and create social entrepreneurship and non-profit projects.” Tunisian Center for Social Entrepreneurship
  24. 24. Mounia MedimeghCenter for Single Mothers – « SOS Meres Celibataires » “I am a young midwife in Tunis. As Im working at the public hospital, I have seen a lot cases of desperate single mothers. Thats why I decided to do something, and social business was a good way to act in a sustainable way. My project idea is the reintegration of single mothers victims of discrimination in the Tunisian society. Since religion and Arab-Muslim culture disapprove all reproductions out of holy matrimony, these women need moral support and social recognition so they can restart their lives, keep their children and go back on a safe road for their future and the future of their children. So I would like to open a house to welcome these women and their child(ren) where they can get all the support they need (medicine, education, trainings…). I met the Social entrepreneurship Center and they helped me develop my idea. Thanks to them, I get enough strength to continue my project and I realized a marketing study in my city and with single mothers I met at the hospital. Im now trying to realize it. ” Tunisian Center for Social Entrepreneurship
  25. 25. Bilel HamzaouiOil Recycling “I am a young engineer in the field of environment and during my studies, I developed a process to convert cooking oil to gasoline tractor. It is an ingenious way to recycle this pollutant oil and in the same way helping farmers to get an oil for a very low price. I was motivated to work on that project because Tunisia is a big producer of oil, and also a big consumer, and the oil is often thrown in the environment because there is no recycling treatment/system. In the same time, farmers are facing high prices and as you may know it, we havent seen the rain for 5 years now in the center and south of Tunisia, so it is a big challenge for farmers to sustain their activities and living of it. With my project, these farmers will gain money, and our environement will be healthier ” Tunisian Center for Social Entrepreneurship
  26. 26. Abdelmajid ZahmoulAssociaNet “I am young software engineer, involved in several NGOs and I realized we have got two main problems : funding and partnership ! Tunisian are known for their abilities to use social network...some even said we realized a revolution 2.0 thanks to social networks. My project is quite a revolution for Tunisian NGOs : I will create an online platform that aims to connect NGOs with enterprises and private donators who want to give funds to a project, and to connect NGOs together to realize sustainable and national projects. This platform will also organize every year a national event to connect "real" persons composing NGOs and enterprises. With my project, I hope to help structuring the civil society and the development of new organizations in my country.” Tunisian Center for Social Entrepreneurship
  27. 27. Appendix 2: Our social entrepreneurs 2012? Below are some examples of what might our future social entrepreneurs do in Tunisia (fictional): Rached is starting Dev-Maghreb to Ahmed needs funds to start scaling offer development, consulting and up his Zitlamp, a prototype that financial assistance to associations in converts waste from olive oil factories Tunisia, Algeria and Morocco. The into a powerful source of clean services of his for-profit company energy. also include training and partnership building with development organizations in the US, Asia and Europe. Alia is the owner of Artisanes, a Jamila is requesting financial support company that manufactures and to establish Transparency Desk, the exports handcrafted bags and first online advisory firm in Tunisia jewelry , with “fair trade” that is dedicated to corruption certification, exclusively employing fighting and bribery reporting. women from disadvantaged areas, from where the Tunisian revolution started. Tunisian Center for Social Entrepreneurship
  28. 28. Appendix 3: Social Entrepreneurship & Business Schools Social Entrepreneurship is gaining high interest from prestigious business schoolsHarvard Business School“The Social Enterprise Initiative at HBS applies innovative business practices and managerial disciplinesto drive sustained, high-impact social change. Its grounded in the mission of Harvard Business Schooland aims to inspire, educate, and support leaders who make a difference in the world”Georgetown University Business School“The Global Social Enterprise Initiative prepares current and future leaders to make responsiblemanagement decisions that create both economic and social value. It will engage corporate, nonprofit,government, and other stakeholders to advance the understanding of social enterprise. “Stanford Graduate Business School“The Social Innovation Center brings together the best people, organizations, and ideas from theworlds of nonprofits, business, and government. Our participants: lead corporate efforts to improveethical and sustainable practices, manage nonprofits through strategic growth and launch socialenterprises that bring life-changing solutions such as loans to small businesses and safe lighting to theworld’s poorest places.” Tunisian Center for Social Entrepreneurship
  29. 29. Appendix 4: Governance Support and implementationMain beneficiaries Advisory Board Entrepreneurs Social Our organisation Entrepreneurship Circle and TCSE FellowsStudents and young professionals Partners Tunisian Center for Social Entrepreneurship
  30. 30. Appendix 5: Governance Structure RoleAdvisory board The Advisory Board will be in charge of monitoring our activities, providing the organization with relevant guidelines and helpful contacts, and contributing to the design of the strategy and the discussion of crucial issues. The Advisory board meet three times a year.Partners Partnerships are very crucial in promoting social entrepreneurship, through common projects and events. Partners include established social enterprises, business schools, social investors etc.Social Entrepreneurship They add unique value through supporting the activities ofCircle and TCSE Fellows the incubator and the mentoring of the young social entrepreneursThe team Our dynamic team is in charge of fundraising, designing the strategy , leading the projects, securing new partnerships and coordinating the overall effort of the structures concerned( coaches, boardsfor Social Entrepreneurship Tunisian Center etc.)