Tuesday
May 5
2020

New Alliance Launched at WEF to Help Social Entrepreneurs Overcome Impacts of COVID-19

Forty leading global organizations have united to launch the COVID Response Alliance for Social Entrepreneurs, pooling knowledge, experience and responses to alleviate suffering and advance new models of change for a more inclusive, equitable and sustainable world.

Social entrepreneurs and their community partners have been working for years to solve market failures and demonstrate more sustainable and inclusive models. These front-line organizations now face bankruptcy and severe constraints while they also innovate and respond to this global pandemic. Through this alliance, members are committing support for social entrepreneurs to protect decades of work in the impact sector,” said François Bonnici, Director and Head of the Schwab Foundation for Social Entrepreneurship at the World Economic Forum.

Alliance members currently support more than 15,000 social entrepreneurs helping 1.5 billion people cumulatively in over 190 countries, working to serve the needs of excluded, marginalized and vulnerable groups – many of whom have been disproportionately impacted by the pandemic. The alliance also aims to coordinate between member organizations and amplify the support for social entrepreneurs under extreme stress by the pandemic.

Photo courtesy of UN Women / Karin Schermbrucker.

Source: Modern Diplomacy (link opens in a new window)

Categories
Coronavirus, Entrepreneurship
Tags
coronavirus, disaster relief, social entrepreneurship, social impact, Sustainable Development