In Colonial America, states issued their local currency so as to achieve independence from the banking and bankers of the Old World in Great Britain and Europe. Today, the Bank of North Dakota formed in 1919 is all that remains of the state-owned bank tradition. In response to 2008’s Credit Crisis, U.S. taxpayers pumped $608 […]
Social Entrepreneurship is real, and does exist. The concept has captured the imaginations of government, business, foundations, impact investors, and most importantly those who see and care to change vicious cycles of abuse of people, environmental resources and basic civil rights and dignity.
In 1991, when Urban Logic formed to improve the use of digital mapping in New York City, social entrepreneurship was a little-known term, but described the approach of harnessing finance, organization and technology capacities within cities to make them more sustainable and resilient.
Ashoka was one of the first international groups to identify and support social entrepreneurs – those crazy enough to pursue careers changing broken paradigms. Ashoka’s motto “everyone is a change maker” and their Ashoka Challenges shine a media and funder spotlight on social entrepreneurs and new innovative strategies and technologies for delivering healthcare, education, jobs, renewable energy and a litany of cutting edge tools to regions and peoples in need. Ashoka has recognized Bruce Cahan, co-founder of Urban Logic, as an Ashoka Fellow for his work in Social Investment innovation strategies.