Entrepreneurship comes in numerous forms, encircling a number of ideas, philosophies, and actions. While all types of entrepreneurship embrace a spirit of risk-taking and innovation, social entrepreneurship seeks to utilize private sector approaches and business techniques to find solutions to environmental, social, and cultural issues. Time-tested strategies are applied to organizations with various beliefs, aims, and sizes. Technology has helped to embolden social entrepreneurial efforts, enabling global support and collaborations to reach goals.
Silicon Valley is known for being fertile ground for startups and businesses developing new technologies. Applications, such as AirBnB, Uber, and Seamless have helped eased the lives of those in western nations. However, there are a number of populations looking to use modern technology to solve very different issues. India, for example, has centered technology and business around water purification.
For India, nearly three-quarters of diseases are introduced due to water contaminants. Nonetheless, many Indian still lack access to clean drinking water. Piramal Sarvajal is among the many organizations interested in addressing the health issues. Piramal Sarvajal was founded by Ananad Shah in 2008, and funded by the Piramal Foundation.
Sarvajal is a Sanskrit word that translates to “water for all.” The company was designed with the intention of granting affordable access to drinking water, providing it to underserved communities in the nation of India. Each day, they reach out to 300,000 consumers, and they’ve installed more than 570 filtration systems throughout 12 states. The company utilizes a market-based approach to accomplish their goals, rather than depending solely on government subsidies or donations.
Sarvajal builds a purification plate within each community in which they operate, functioning like a water ATM that requires smart cards for price transparency. Twenty liters of drinking water costs just 12 cents. While this initiative sounds amazing, Sarvajal faces difficulties when it comes to raising awareness around water-borne diseases. They need locals to understand that spending money on clean water will protect them against potential healthcare costs. Educating the public requires innovative communication methods and support of doctors.
Social enterprises have also emerged in China. Several years ago, Hong Kong natives Legward Wong and Jeff Ng developed the Home of the Elderly, a service that matches senior citizens with nursing homes based on their requirements. This business addressed a pressing issue that wasn’t being acknowledged: widespread apathy regarding low quality of care being administered to senior citizens. Many senior citizens resided in senior living facilities that didn’t meet their needs.
Saudi Arabia also benefits from new technology. While all Saudi nationals are fortunate enough to receive free health insurance, poorer communities don’t have the same understanding and education about health as those in more well-to-do communities. Also, they frequently don’t know where they can seek out medical services. Dr. Shaista Hussain and Princess Sama Faissal Al Saud chose to create a medical app, Triage Project, to bridge this education gap.
Please view the second part to this blog post, titled, “Social Entrepreneurship is Sweeping the Globe, Part II.” Please access that blog post to learn more about social entrepreneurship, and how it’s impacting the globe.