Khemka Foundation advocates Improved Relations between Entrepreneurs, Investors and Media

Stresses on the need to intensify dialogue and partnership among all stakeholders for building a robust Social Enterprise ecosystem
By: The PRactice
Nov. 17, 2011 - PRLog -- Mumbai, November 17, 2011- The Nand & Jeet Khemka Foundation flagged off its third Social Entrepreneurship Forum at the Indian School of Business in Hyderabad today. After two successful years of building the foundation to co-create strategies for ‘scale’ and ‘innovation’, the two-day Khemka Forum on Social Entrepreneurship 2011 will focus on actionable ways to foster partnerships among all stakeholders in the ‘ecosystem’.

Supported in part by FEM Italia Onlus with the support of Cariplo Foundation and Vismara Foundation, this year’s summit will explore ways in which social enterprises can move from being ‘islands of excellence’ to ‘ecosystems of change’ and scale up, through an active and meaningful engagement with all stakeholders including the media.  

Commenting on the occasion, Don Mohanlal, President and CEO, Nand & Jeet Khemka Foundation said, “India is home to some of the world’s most innovative social change initiatives and is recognized by many as a global hub of social entrepreneurship. Operating through strategic partnerships, social entrepreneurs leverage the resourcefulness of all actors in their ecosystem (whether national media, private corporations or even the state). For social entrepreneurship to reach scale commensurate with our social issues, it’s in our interest to support their efforts and create an enabling environment, a nurturing ecosystem.”

Khemka  Foundation’s partners for the event this year will include  Accenture, Acumen Fund, the Centre for Emerging Markets Solutions (CEMS) at the Indian School of Business, the Center for the Advancement of Social Entrepreneurship (CASE) at Fuqua School of Business Duke University, CII-ITC Centre for Excellence for Sustainable Development, Dasra, EdelGive Foundation, Elevar Equity, FSG Social Impact Consultants, Impact Investment Partners, International Finance Corporation (IFC), Intellecap, Kauffman Foundation and The PRactice.

“One big challenge for social entrepreneurs is to maintain the equilibrium between social, financial and environmental sustainability. It is very important for different stakeholders to come together, share experiences and discuss the very challenge of the critical balance. Forums like these therefore become extremely important,” said Ramon Magsaysay winner Harish Hande.

The annual event serves as a dynamic hub of thought leadership, linkages and robust solutions exchanges. Bringing together key stakeholders- social entrepreneurs, academia, investors, media and thought leaders under its big tent, the Forum in the short span of three years has become a ‘go-to’ place for proponents of the field.

"An organized and integrated approach to social entrepreneurship development can help innovative and inclusive business models become sustainable in the long run. With a business like orientation, social enterprises can become viable and profitable, producing sustained development impact. Development institutions can combine efforts to increase the number of financially sustainable and inclusive models operating at scale,” said Anil Sinha, IFC General Manager for Advisory Services.

About Nand & Jeet Khemka Foundation:
The Nand & Jeet Khemka Foundation is a private and independent Indian foundation. Its mission is to develop and promote institutions and initiatives that make a substantial impact on poverty, deprivation and disempowerment of the human and natural environment. It takes an approach that is long-term, strategic and leveraged. The Foundation believes that change can only be effected through multi stakeholder collaboration both within India and internationally and is therefore deeply committed to partnership and collaborative approaches. It seeks not so much to be an implementing or programmatic agency as to build key pillars of strategic philanthropy and development infrastructure in the country.
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