Jeremy Wade

Jeremy Wade

Jeremy is the Founding Director of the Jindal Centre for Social Innovation + Entrepreneurship (JSiE), an award-winning social impact centre at O.P. Jindal Global University.

Location Delhi, India

Activity

  • Thanks for this feedback!

  • Yes, investment in a for-profit company with a social cause could certainly count as impact investing. The primary difference between impact investing and socially responsible investing is - intentionality, one the 4 core characteristics of impact investing. Impact investors invest with the intention to contribute to measurable social or environmental...

  • Excellent discussion here. @GalavBhushan Very true about these consumer trends. Very good point @MaddieKromer about greenwashing and the importance of impact measurement.

  • @ChristinePackenius That is so interesting to hear Christine!

  • Here is a tracker to see South Africa's progress on the SDGs: https://www.goaltracker.org/countries/south-africa

  • Very good point!

  • True, I think the main difference could be a higher level of commitment to impact measurement for thematic impact investors, as compared to social responsible investing

  • In the next week of the course, we will deeply explore the question of whether or not there is a tradeoff between financial return and impact. Important topic!

  • I hope the next few weeks will answer this question. But if not, please let me know!

  • Excellent, let us know if you have any feedback. Hope you were able to find the in-depth content you were looking for.

  • Great to have you in the course, Paul.

  • Great point, and thanks for sharing!

  • Hi Hanna, hopefully the next few weeks of content will answer that for you.

  • This is a great suggestion, Katie. We will give this idea some thought.

  • @johnwakenshaw I would be curious what you thought of Jed Emerson's work on the Purpose of Capital. He digs deep into morality and capitalist economics from a historical perspective. His free ebook can be found here: https://www.purposeofcapital.org/

  • Its future success is by no means guaranteed. I like to think that “the arc of the moral universe is long, but it bends toward justice.”

  • Yes, and hopefully we will see some of these interesting debates in next week of this course on impact measurement

  • Thanks, Abhinav. That is a good suggestion.

  • Thanks for sharing Joshua. Great to have you on the course.

  • @LouisSugunasabesan @AnnColton @MarkWard Thanks. Good suggestion. We will try to get the transcripts for these audio files and include then in the downloads in the future.

  • Entrepreneurs with impact in their business models often choose to work with impact investors over traditional investors because impact investors are willing to measure success by more than just financial returns. In that sense the social impact of their business will be acknowledged and not simply ignored.

    I agree with you that our financial systems need...

  • Hi Patrick, it is definitely not correct to assume that all impact investors demand market rate financial returns and social or environmental returns. Impact investors have diverse financial return expectations. Some intentionally invest for below-market-rate returns. The key distinguishing factor is that these investors have intention to measure the social...

  • Hi Sebastian, you might give it another try. The submit answer button should be working fine for questions 1 & 3. Question 2 can be a bit tricky as it requires you to input your answer in the box within the question before it will appear. If you have any more issues, contact the FutureLearn support team.

  • Hi Ronald. On question 2, you need to input your answer inside the box within the question. The submit button will appear once you input the answer in the box. Hope this helps.

  • @SebastianKlemm week 4 of the course includes an entire section on impact measurement as well.

  • That's true, Patrick. As I see it, impact investing is still emerging and lacks clear and consistent definitions across different stakeholders.

  • Great to have you on the course, Richard.

  • Great to have you in the course, Jenny. That's a good question. The GIIN definition would be the most precise definition of impact investing. When Vikram mentioned the "more effective charity" bucket, he was likely referring to venture philanthropy. If you take a look at the graphic at step 1.6 "Impact Continuum" you will see it on the far right. In practice,...

  • Keen observation, Antonio. Agreed.

  • Great to have you in the course, Antonio.

  • We have an entire section on impact measurement in the 4th week of the course.

  • Agreed! Thanks for joining the course Olivia.

  • Because we think more voices should be heard about the meaning behind phrases like making an impact, not just from those in power.

  • Hi Arjun, if you have any questions let us know.

  • We certainly have! That is unreadable. I put a readable transcript in the downloads area until we get that resolved. Thanks for the comment.

  • You're right to say that running a social enterprise isn't easy. Effective social entrepreneurs take in a variety of viewpoints from multiple stakeholders. They recognize the need for multiple measures of success, rather than just one. This works best when there is a clear vision, or higher purpose social mission, that brings people together and motivates them.

  • Hi Michael, we address these questions in great detail in course 2 and 3 of the social enterprise program. Stay tuned! To get an idea, you can take a look at this website, which is a good source on impact investing: https://thegiin.org/impact-investing/

  • Hi Ann, I'm not very familiar with Jindal Steel & Power's operations in Mozambique. But I do know that OP Jindal Global University is a private, non-profit University set up with a generous donation from Naveen Jindal. The University operates as an autonomous entity separate from Jindal Steel & Power Limited.

  • I think it's important to keep in mind that social enterprise/business/entrepreneurship are all still fluid and even contested terms. Some precision on definitions can come through legal structures and government definitions but for the most part there are not clear boundaries and exact definitions around the world.

  • Della, Rachel. Yes, a non governmental organization can carry out social enterprise activities.

  • Hi Heather, to my understanding social business (as Yunus has defined it) has a more precise understanding regarding the profits/dividends than social enterprise does. Because of that, I typically think of social enterprise as including a wider range of organizations and activities than social business.

  • The website looks great and has a very smooth interface. I think this will do well at attracting people to your work.

  • Great. Love for you to share the links to both of them here in a comment, if you would like to.

  • Great. Love for you to share the links to both of them here in a comment, if you would like to.

  • Here's our branding materials at the Jindal Centre for Social Innovation & Entrepreneurship (JSiE)
    website: http://jsie.in/
    facebook page: https://www.facebook.com/JSiEin/
    blog: http://blog.jsie.in/
    twitter: https://twitter.com/JSiEin

    We would be happy to hear any feedback.

  • We’re excited to announce the winners of the International Social Innovation Challenge!

    1st: Sonia Phelps
    2nd: Nicholas Makau
    3rd: MGENI MWAMBOGA

    We will be reaching out to each of the winners shortly. Thanks again to everyone who participated.

  • Great points, Rick.

  • We have a section on financing in the 3rd week. Which government are you hoping to get materials about?

  • Hi Teddy, this is the third course of the social enterprise program and it is slightly focused on growing, or sustaining, an existing social enterprise. But so you know, the first course is an introduction to social enterprise and the second is all about starting a social enterprise. The program will start again this summer, on June 5th.

  • Thank you to everyone who submitted a video and congratulations for taking action on your idea. We are starting the evaluation process and will announce the winners next week. Stay tuned!

  • Jeremy Wade replied to [Learner left FutureLearn]

    Thanks for sharing this upcoming FutureLearn course on copyright. It should be quite insightful on this topic. Here are a few more considerations that I would want to keep in mind as an entrepreneur on this...

    1) the economic considerations of obtaining a copyright on each new idea before getting feedback (ie: cost/benefit analysis, opportunity cost/time to...

  • Jeremy Wade replied to [Learner left FutureLearn]

    My point of clarification was regarding the stage of the venture. At just the idea stage, in all cases that I'm aware of, the ideas themselves are not copyrightable. It is the tangible expression of an idea that can be copyrighted. In other words the execution of the idea in some way.

    I certainly agree with you, and UNESCO, that it is good to have general...

  • Iain - that is also a worthwhile video to watch as well. Steve Blank (voice in that video) is an excellent source of knowledge on the business model canvas.

  • Thanks for pointing that out Cathy. We have fixed the broken link. You can find it here also: https://www.youtube.com/watch?v=wwShFsSFb-Y&list=PLBh9h0LWoawphbpUvC1DofjagNqG1Qdf3

  • Hi Kerry, think of this section as a toolkit. You may not need to use every tool to create your business model.

  • You are helping us build the survey with your responses, and that way in the future, we can give people the results.

  • Jeremy Wade replied to [Learner left FutureLearn]

    This is almost never a concern at the idea stage, even for the most competitive startups seeking venture capital in silicon valley. This is a good read on this: http://paulgraham.com/start.html They key point is the value is in execution of the idea not the idea itself. Further, for social entrepreneurs aiming to tackle complex societal problems - the more...

  • Hi Hala, I think that makes sense. You might consider how spreading the knowledge you have will help address a problem in society. What action might people take once they have the knowledge/information you share with them?

  • Very clear. I'm excited to see more on this.

  • Great contribution. I'm also an avid reader of Brainpickings myself.

  • Jeremy Wade replied to [Learner left FutureLearn]

    Great to have you back for the second course, Natasha. btw: I'm also inspired by real life-stories of defiance. If haven't see this yet, I think you will really appreciate it: https://www.media.mit.edu/disobedience/

  • Your welcome, and I think you are right. Learning by doing can be a really powerful way to learn. I hope you will take up the challenge!

  • Great to hear Hester, I'm looking forward to hear more as you go along in the course.

  • Glad you are joining us, Olufunto

  • Happy to have you in the course! We have some material on pitching and on investors in the third week on the course.

  • Please take a look at this link https://www.futurelearn.com/study-uk and see if your country is eligible!

  • Please let me know if you have any issues. Thanks for joining us in the course. Look forward to seeing you in the next one!

  • Please follow this link and select Yemen. The British Council is offering free certificates for learners in your country https://www.futurelearn.com/study-uk

  • Are you still having issues? Here is the direct link: https://jsie.typeform.com/to/UIeZ9R

  • Are you still having issues? Here is the direct link: https://jsie.typeform.com/to/UIeZ9R

  • Excellent points, Ndankhonza. In course 3 of this program, we will discuss the various approaches to more rigorously measuring and evaluating social impact. I hope you will share your insights there as well!

  • Jeremy Wade replied to [Learner left FutureLearn]

    Excellent find, Natasha. I hadn't heard of this. Though, I did serve on a local steering committee for 1 year at Slow Money in the San Francisco Bay Area: https://slowmoney.org/principles/ which was inspired by the Slow Food movement and grassroots organization founded by Carlo Petrini in Italy in 1986.

  • Jeremy Wade replied to [Learner left FutureLearn]

    I think a freelancing professional could certainly create a one-person social enterprise. Natasha, what about a freelancer union focused on social enterprise principles? https://www.freelancersunion.org/

  • Your contributions will help us be able to offer insights in the future.

  • Jeremy Wade replied to [Learner left FutureLearn]

    Great questions, Natasha. I will be curious to hear what others think on these. I will share a couple of quick thoughts.

    1. When we see examples of successful social enterprise, we certainty tend to find a team of founders involved. Or even a community! But one person can have an impact, no doubt about that. I think one-person social enterprise could best...

  • Pauline - you might enjoy this for examples of social entreprenuers working in the arts https://www.youtube.com/watch?time_continue=14&v=RoTDTg6qk3M

  • Even I agree with you Mika! : )