The Grameen Creative Lab (GCL), a brain child of Professor Muhammad Yunus and Hans Reitz (founder of Circ) has started operations in India to boost social business (as defined by Prof. Yunus) within the country.
The GCL was established in Germany a couple of years ago with the aim to fight poverty globally and to serve society´s most pressing needs through social business. It achieves this by promoting the idea of social business worldwide through events and workshops (the social business labs) and advises companies, NGOs, and entrepreneurs on setting up social businesses. Up until now, GCLs India projects were managed out of Germany. However of late there has been significant interest from India based corporations and startups keen to launch social business initiatives and in response, GCL has decided to open an office in Mumbai.
One of the first initiatives GCL are working on is India´s first social business fund- the Yunus Social Business Fund Mumbai which will fund new as well as existing social businesses in India.
At the GCL´s annual Global Social Business Summit in 2010, Professor Yunus and Shekhar Kapur agreed to set up a social business fund called the ‘Yunus Social Business Fund Paani’. This fund will invest in social businesses that aim to solve issues related to the availability of clean drinking water for poor people and other water related issues. GCL plans to launch this fund to coincide with the release of Shekhar Kapur´s upcoming film with the same name (‘Paani’ means water in Hindi) with Shekhar Kapur himself acting as the fund´s brand ambassador.
A Social Business Lab – now in Mumbai
The Grameen Creative Lab organizes and conducts Social Business Labs worldwide on a regular basis. The Social Business Lab is an intensive one day workshop which explains social business as defined by Prof. Yunus and which brings together innovative and interested entrepreneurs, committed students and representatives from universities, initiatives and corporations to interactively work on ideas to address social problems with entrepreneurial spirit. Many social business ideas have already been realized as a result of these labs.
Hans Reitz, co-founder of GCL will be conducting the first Social Business Lab in Mumbai on February 20th 2011.
If you would like to attend the 1 day workshop, please register here: