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Symposium Hk 11212008 Final Symposium Hk 11212008 Final Presentation Transcript

  • International Symposium on Social Entrepreneurship & Social Change Social Entrepreneurship Movement in Taiwan Ray Chen 21 November 2008, Hong Kong
  • Major Concerns for Philanthropy in Taiwan --- Concentration, Transparency, Effectiveness
    • Philanthropic Donation in 2006, Taiwan
    • Totaled NTD43.5B (USD1.3B)
    • High concentration
      • Religious related > 60-70%
        • Merits and virtues ( 功德款 )
      • Top 5 out of 2600 > 55%
    • Lack of Info. transparency
      • No sound regulation
      • No self discipline
    • Concern of Effectiveness
      • Vague purpose
      • Lack of professional mgt.
    11/21/2008 Source: Ministry of The Interior, Flow Inc. Analysis Buddhist Compassion Relief Tsu Chi Foundation World Vision Taiwan Fund for Children & Family Good Shepherd Sisters Taiwan The Garden of Hope Foundation
  • Flow’s Choice of Philanthropy for Asia --- Other than Capitalism and Socialism
    • Steve Chang – Founder & Chairman of Trendmicro
      • World’s leading antivirus software
      • Listed in Tokyo stock market
      • Market cap. “was” USD5-6B
      • No. 1 brand equity in Taiwan
    • Tom Wang – Novelist, Columnist, Radio and TV Program Host
    • Flow, Inc. was founded June 2007
    • Initial fund of NTD100M (USD3M)
    • 8 people including Steve and Tom
    11/21/2008 A Recent Audio Book: “ How a Naughty Boy Becomes a Successful Entrepreneur? ”
  • Our Spirit for Social Change --- Innovation & Entrepreneurship
    • “ Mobilize innovators to make social impacts for Asia”…
    • Change people’s mental model & industry structure
    • Utilize free energy / idle resources (e.g. time, space, facility)
    • Apply technology (e.g. internet, wireless, clean energy)
    • Identify scalable and repeatable business (e.g. franchise)
    • Appreciate collective wisdom-based leadership style
    11/21/2008
  • Flow’s Initiative for Social Entrepreneurship as an Advocator – Community Platform
    • The Sixth Discipline World Café
    • MIT Dialog Project / Peter M. Senge
    • 31 Jan. 2008
    • 250 leaders from:
      • Business: 40%
      • NGO/NPO: 40%
      • Government & Academic: 20%
    • One question:
      • How to use business strategy to make social innovation?
      • 如何用企業策略創新公益?
    • Our collective wisdom:
      • Establish a platform to match social demand & supply for Private & NPO/NGO partnership (57%)
      • Leverage company’s core competency for social benefits (13%)
      • Recruit retired professionals to assist NPO/NGOs (5%)
    11/21/2008
  • Flow’s Initiative for Social Entrepreneurship as a Practitioner – Equity Investment Fund
    • The First Social Venture Competition
    • From Aug. 2007 to Feb. 2008
    • Plan to invest NTD5M (~USD150K) in 5 teams each to start up a company
    • 212 proposals  41  8  1 finalist
      • Business: 40%
      • NGO/NPO: 20%
    • Highlighted areas:
      • Environmental (18%)
      • Teenager education (13%)
      • Medial hygiene (13%)
      • Disabilities (9%)
      • Low income families (7%)
      • Elderly (6%)
    • What social entrepreneurs most concerned?
    11/21/2008
  • Barriers to Nurture Social Entrepreneurs --- Our Challenges and Lesson Learned
    • Expectation gap between entrepreneur & investor
      • Donation vs. Equity Investment
      • Just Do It vs. Promise Delivery
      • Solving social problems as a Means vs. Purpose
    • Very few with both sets of genes: social & business
      • Social heart with business brain
      • Self awareness and professional understanding are keys!
    • More focused and proactive scouting efforts required
    • Lack of effective incubation and eco-system to grow
    11/21/2008
  • Flow’s New Initiatives…
    • Launch Social Entrepreneur Program (SEP)
      • Proactive scouting with focus (no venture competition)
      • Group discussion with social entrepreneurs by issue / area of interests
    • Start Social Innovator Program (SIP)
      • Innovative social movement ideas without clear business model yet
    • Implement a Social Platform
      • On-line demand and supply matching for volunteers
    • Facilitate an Eco-system
      • Legal framework, corporate volunteering, pro bono professional services, academic programs, and media…
    • Partner with InnovGreen
      • A social enterprise model in Vietnam – carbon credit, clean energy…
    11/21/2008
  • Flow’s Aspiration --- “Like Water”
    • A quote by a 6th-century Chinese philosopher called Laozi.
    • He said “Charity is like water. Water nourishes everything but occupies nothing.”
    • The logo of “a half cup of water” reminds us the other half of the world is scarce.
    11/21/2008