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

  • 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! : )

  • Thanks, this is a good suggestion. We will look into doing something like this.

  • Theresa, thanks for that feedback.

  • Maria, great question! We have a step in week 3 of this course dedicated to that very question.

  • Hi Alvin, I encourage you to follow along in the following weeks of this course and the next two courses in the program. I think you will find deeper discussions and analysis on the case studies as we go. This first week is just an introduction.

  • Celestin, glad you have enjoyed the course so far. You might find this interesting http://www.sankalpforum.com/

  • Yeah, I think it definitely does Joseph.

  • Fair point. In my experience, there is a significant knowledge/empathy gap between traditional capitalists and small scale social entrepreneurs. But impact investing, shared value initiatives, scalable social enterprise, etc are important as they have the best chance at addressing some problems at scale, quickly. Also, in my experience you will find passionate...

  • Jeremy Wade replied to [Learner left FutureLearn]

    Great point!

  • Thanks David, you will learn more about this in week 2. Also, we have dedicated an entire course to creating a SE that starts on March 6th. Make sure you are signed up for it as well. It's here: https://www.futurelearn.com/courses/social-enterprise-idea-action

  • Thanks Alexandra, you will learn more about this in week 2. Also, we have dedicated an entire course to creating a SE that starts on March 6th. Make sure you are signed up for it as well. It's here: https://www.futurelearn.com/courses/social-enterprise-idea-action

  • Christina, I think that is an excellent point. It is very important to understand the individual country, or even local community, context in which the social enterprise is operating. No doubt.

    We find the sustainable development goals (more in the next step) to be a great framework for engaging in social value creation. In other words, social value as...

  • This is a very good question. You are correct about the competitive nature of this industry. As it turns out, unfortunately, we learned very recently from the Founder of Million Kitchen that they have decided to pause this enterprise for the time being. The reason was do to the difficulty finding financial sustainability for the model.

  • I think often great social entrepreneurs demonstrate long term commitment to addressing a particular social problem. So starting a social enterprise might not have been their first, or only, effort at addressing the problem. Either way, running a social enterprise would certainly give a new level clarity.

  • Here are two lists of organizations making impact investments: http://www.impactassets.org/ia50_new/ & https://thegiin.org/current-members

  • Stewart, that's a good question. We didn't include specific targets for revenue from certificate purchases. Though, in conversations with the British Council this was discussed and looked at favorably for the project's financial sustainability after the initial grant period.

  • We’re excited to announce the winners of the International Social Innovation Challenge 2016!

    1st: Palma Milicevic
    2nd: Emma Butler
    3rd: Lilfairtrade Shop

    We will be reaching out to each of the winners shortly. Thanks again to everyone who participated. We were impressed with all the finalists!

  • Great point, Stewart.

  • I want to thank, and congratulate, all those who made submissions. Great work everyone! We are excited to now name the finalists for the International Social Innovation Challenge 2016.

    See the list below, in no particular order.

    1. Palma Milicevic (https://www.youtube.com/watch?v=OxW3ao_RSv8)
    2. Andy Moore (https://youtu.be/sChXaHNH9tQ)
    3. Sonya...

  • Innovation is a difficult one to pin down. You will probably only know when you start working to implement the idea. Here is a useful social innovation guide: http://diytoolkit.org/

  • Innovation is a difficult one to pin down. You will probably only know when you start working to implement the idea. Here is a useful social innovation guide: http://diytoolkit.org/

  • Great to hear Jeremy!

  • Look forward to your submission in step 3.11!

  • Thanks for sharing this Olufolakemi. I hope you will make a submission in step 3.11.

  • Great! I hope you will make a submission in step 3.11.

  • Don't worry. Making a submission for the challenge is optional. But please check out the submissions at the end of the course and give your feedback.

  • Great points, Ruth.

  • It's great to hear how you and your students are engaging with the course and through social media. The idea of Kickstarter for social enterprise startups is a really good one, I think you'll be very interested to see Step 3.8 later in the course which is on that topic!

  • Just a couple of quick points I'd share:
    - Not all social enterprises should pursue impact investment funds.
    - Finding an impact investor that aligns with your values and your vision for your social enterprise is important.

  • Impact investors have diverse financial return expectations. But most equity investors will expect financial returns similar, or slightly less than, market rate returns. Also, keep in mind, the impact investing industry is in an early stage of development.

  • Thanks for that feedback. Hopefully over the next two weeks we can make it a little more interactive!

  • I think we should be concerned with moving forward as many novel solutions to social problems as possible. That also means diffusion of those innovations as well!

  • Great points. Another useful survey tool is Typeform. http://www.typeform.com/

  • The linked websites help you discover new digital technologies to enhance your social enterprise idea. The usefulness of digital technologies to reach more customers will certainly depend on your target customer/beneficiary's profile/digital literacy. But the tools can also potentially make your social enterprise operations more efficient.

  • I also use Canva, extremely useful for designing creatives for social media.

  • The reason is because the course has finished. It ran for 3 weeks starting on September 24th, 2016. You can register your interest for the next time it runs, which will be in February 2017.

  • Here is the correct order.

    SOCIAL ENTERPRISE: BUSINESS DOING GOOD
    SOCIAL ENTERPRISE: TURNING IDEAS INTO ACTION
    SOCIAL ENTERPRISE: GROWING A SUSTAINABLE BUSINESS

  • Definitely, Sonya.

  • Yep. You can, Darren.

  • Hey Anthony, one idea is that you could create a video of your powerpoint presentation with audio of you speaking. There are several ways of doing that. If you are using Microsoft PowerPoint, here's how: https://support.office.com/en-us/article/Turn-your-presentation-into-a-video-c140551f-cb37-4818-b5d4-3e30815c3e83?ui=en-US&rs=en-US&ad=US

  • Hi Rita, FutureLearn is fully owned by the Open University, and is financed in part through Certificate and Statement sales. At this time, I don't think there are other possibilities yet available to support FutureLearn.

  • Yeah, it sure is, Rita. Having a good understanding of what it takes to start a social enterprise will make you very valuable to any organization you choose to support/get involved with.

  • I think we can all agree that financial systems in many countries need meaningful reform and change! To those who haven't seen the video of US Senator Elizabeth Warren question Wells Fargo CEO John Stumpf at Banking Committee Hearing, it is worth a watch: https://www.youtube.com/watch?v=xJhkX74D10M

  • There has been significant consolidation in the banking industry (small banks being acquired by larger banks). Large banks are often much more effective at marketing their products and services, partly from having very large marketing budgets!

  • Jeremy Wade replied to [Learner left FutureLearn]

    Robyn, thanks for your feedback and for sharing the link with common buzzwords. In Week 2, the course will delve into the diverse world of social enterprise and go deeper on defining terms.

    Also, please share which videos your weren't happy with. That will be really useful feedback so we can improve them! Thanks.

  • One of the main differences is that credit unions are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates and lower loan rates. Banks are for-profit corporations, where some portion of profits being paid to stockholders through dividends. At least, this is my understanding of the difference in the...

  • Thanks, Hiroko, for sharing these valid points.

  • Hi Nuno, you have raised several very good points.

    GDP is not a good measure for sustainable development. Here is a UNDP Senior Adivsor perspective this issue: http://www.undp.org/content/undp/en/home/blog/2015/12/7/The-SDGs-need-a-new-measure-of-GDP.html

    I think we need a new, revolutionary guiding vision for capitalism to make progress on these 17...

  • Dr. Akhtar, we are happy to have you on the course.

  • Thank you for joining us Dr. Poojara.

  • Wow, great to hear about your work at Payap University! It's wonderful to have you on the course. We will be happy to hear your thoughts and feedback.

  • Hi Anthony, I agree with that it's time to redefine capitalism in the 21st century. It needs a new guiding vision, and like you said, one that balances the interests of all stakeholders. Social enterprise offers us some inspiring examples of how business can do this.