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Davos will be a celebration of social enterprise

The 40th World Economic Forum Annual Meeting has kicked off in Davos-Klosters, Switzerland.

Over four days top business leaders, political leaders from around the world, journalists, economists, academics, development experts and campaigners discuss the most pressing issues facing the world today. This year's theme is: 'Improve the State of the World: Rethink, Redesign and Rebuild'.

The event also marks the 10-year anniversary of the Schwab Foundation for Social Entrepreneurship - which is a terrific achievement for this sector and a testament to the fact that innovation to achieve positive social change driven by collaborative partnerships can really work. A celebration reception event will also recognise Thilo Bode, the founder of Foodwatch, as Social Entrepreneur of the Year competition in Germany.

"Over the last decade, we have seen how the role of social entrepreneurs has become increasingly more relevant and important. Their projects are helping to build a more equitable and sustainable world," said Hilde Schwab, Chairperson, Schwab Foundation for Social Entrepreneurship.

"We are proud to have provided a unique community, network and platform to accelerate and support proven solutions to improve society," added Professor Klaus Schwab, Founder and Executive Chairman, World Economic Forum and Co-Founder, Schwab Foundation for Social Entrepreneurship.

In addition to the reception celebration, 200 social entrepreneurs will also be invited to participate in two plenary discussions on 'Business Solutions to Rural Poverty' and a 'Social Entrepreneurs IdeasLab'.


Common Purpose graduate pitches his thoughts on social enterprise to the world

Graduate of Common Purpose's Frontrunner course, Tariq Al Olaimy, was one of five finalists (amongst hundreds of entrants) in the 2010 YouTube Davos Debates Contest. The YouTube competition required future leaders to submit a video demonstrating their knowledge and commitment to a recognised public cause or concern. The competition judges include Nobel Peace Prize winner and Founder of Grameen Bank, Muhammad Yunus; writer Paulo Coelho; and Arianna Huffington, Editor-in-Chief of The Huffington Post.

Tariq

Tariq is a Bahraini national and a recent graduate of City University, CASS Business School in London. He believes that social enterprise is a key solution to creating positive social change. Tariq's pitch to the judges highlighted how social enterprise could play a role in tackling diabetes which, according to Tariq, kills around 3.8 million people a year and rivals HIV/AIDS as a global killer.

Tariq is a co-founder of Al Tamasuk, a not-for-profit social enterprise that aims to raise awareness and promote education on diabetes and its link to blindness in the Middle East. Tariq also works in business development with Jumpstart-up - an organisation providing seed-level support and funding for high impact, financially sustainable, scalable, replicable entrepreneurial ventures.

 

says Tariq. "Historically there have been many individuals around the world who have provided solutions to difficult social problems, like Florence Nightingale in the UK, and a recent example is Muhammad Yunus who began offering microloans to impoverished people in Bangladesh in 1976 and empowered them to become economically self-sufficient. His microcredit model has now been replicated around the world." 


"Every 10 seconds a person dies from diabetes-related causes, yet up to 80 per cent of type two diabetes could be prevented by lifestyle choices and increased awareness,"

EntWeek

Social enterprise can help address the Middle East's challenges, but it is certainly not a unique solution to the region," says Tariq. "Social entrepreneurship can address some of the toughest challenges facing humanity, often to do with basic human needs such as food, health, education and energy. Social enterprise is emerging as an alternative to traditional market based and purely philanthropic approaches to these problems."

According to Tariq, total philanthropic spending by the United States alone is larger than the gross domestic product of all but the 14 largest nations in the world. Despite this, he points out:

- Almost half the world lives on less than $2.50 a day
- Almost a billion people have no access to clean water
- A quarter of the population cannot read and write
- Millions die of preventable disease

Tariq was interviewed by our media and communications manager, Lyndal Stuart -  read Tariq's Q&A here.


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