May 8, 2018
Addressing Issues in the Bay Area
Bay Area residents have enjoyed meteoric growth in the past few years, bringing in $781 billion for gross domestic product in 2016 alone. While this new surge of wealth may be beneficial for some people, the rise of incomes has been followed by a concurrent rise in inequality. Fortunately, there is an abundance of social entrepreneurs and innovation working to reconcile the Bay Area’s breakneck growth with stable levels of income equality, with the ultimate aim of making a livelihood possible for every citizen. We're excited to share that we are collaborating with Catholic Charities of Santa Clara County this summer to run a Bay Area GSBI® Boost, a 3-day capacity building workshop engineered specifically for social entrepreneurs concerned with income inequality and its impact on the San Francisco Bay Area. READ MORE OF DOLLY'S BLOG→
SCU students advance their practices and learnings
Social impact conference features
Miller Center network
The Future of Social Ventures Conference that took place on Friday, March 16 at UC Berkeley featured several Miller Center Global Social Benefit Institute (GSBI®) connections, including keynote speaker Carlos Orellana, CEO of the 2012 GSBI® alumni enterprise salaUno, and current 2018 GSBI® social enterprise Untapped. Also attending the event were several Miller Center student employees and 2017 Global Social Benefit Fellows (GSBF). At the conference, students were able to network with fellow attendees, learn from successful entrepreneur speakers, and participate in OpenIDEO’s “Circular Design for Social Impact” workshop. READ MORE ABOUT THE EVENT ON GAVIN AND WILL'S BLOG→
HIGHLIGHTS
In the news, announcements & more
$65 MILLION IN FUNDING | A round of applause to GSBI® alum Tala for raising $50 million in Series C plus $15 million in debt financing! Tala is a consumer lending app that underwrites customers in real-time and allows Android smartphone users to apply for a loan and receive a decision instantly, regardless of the user's financial history. With its new funds, Tala will be expanding its mobile
microloan platform to India. BAD NEWS IS GOOD NEWS IF YOU DO SOMETHING ABOUT IT | James Morgan, author and Chairman Emeritus of Applied Materials, considers the recently exposed crisis facing Silicon Valley Community Foundation and the importance of creating a culture of accountability in this blog post. A longtime supporter of Miller Center, Morgan's newest book, Applied Wisdom for Nonprofits: Eight Practical Tools for Leadership is available to nonprofits as a free download here. CLOSING ROUNDS IN EXCESS OF $2M | Why do so many social enterprises find it challenging to graduate to growth-stage capital? Check out these lessons -for both investors and social enterprises- as Mark Correnti, Miller Center's Director of Impact Investing, looks at recent successes in the energy-access space in this Conscious Company article. STRONGER TOGETHER | It’s an exciting time for Miller
Center's GSBI® alumni community as 2015 alumni enterprise Empower Generation and 2016 alumni enterprise Pollinate Energy have recently joined forces. Both award-winning social enterprises engage clean energy entrepreneurs in Nepal and India to
establish sales and distribution businesses that serve the most marginalized communities, delivering life-improving products and meaningful income to people living in poverty. As one organization, they have set some ambitious, yet attainable goals for 2020. BEST AND BRIGHTEST | Congratulations to 2017 GSBF and Miller Center Research Assistant Haley Harada for being recognized as one of Poets and Quants’ Best
and Brightest Business Majors of 2018. The annual initiative celebrates students from some of the top business programs for defying traditional business methods to create impact and foster social change.
INSTAGRAM TAKEOVER | Be on the lookout for our first Instagram takeover by GSBI® healthymagination alum Shanti Uganda Society. We're celebrating their 10th anniversary serving expectant mothers and their babies. Feel free to give us a follow to learn more about the organization. If you're an alumnus interested in doing a takeover, contact Miller Center's marketing team.
MARK YOUR CALENDAR
Out & about with Miller Center
Miller Center for Social Entrepreneurship is a pioneer when it comes to accelerating social enterprises, so you'll find our team at a variety of events across the globe. We're actively accompanying entrepreneurs on their journeys and sharing our learnings with others in the ecosystem. If our paths may cross, please reach out to us - we'd enjoy connecting! Please note some listed events are not open to the public.
- May 14-16 | 2018 Mission Investors Exchange National Conference, Chicago, IL (Pamela Roussos moderates panel on May 15 at 10:45 am)
- May 15 | Mentor Kick-off: SEM and TECh Accelerator Programs, Santa Clara University, Nobili Dining Room at 6:00 pm
- May 16 | Step Up Silicon Valley, Santa Clara University, Wiegand Room at Vari Hall 11:30 am-1:30pm
- May 23 | Research with a Mission, Santa Clara University, Locatelli Student Center 2:30-4:30 pm
- May 23 | New GSBF Parents Welcome, Santa Clara University, President's Patio, 2nd floor Walsh Hall at 4:30-5:30 pm
Last Month's Fireside Chat with GE’s CIO On April 17, Santa Clara University's Initiative for Women’s Economic Empowerment hosted a fireside chat with GE’s Chief Innovation Officer Sue Siegel. Check out the photo album here.
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ABOUT US
Miller Center is the largest and most successful university-based social enterprise accelerator in the world. Founded in 1997, Miller Center is one of three Centers of Distinction at Santa Clara University, located in the heart of Silicon Valley. Here we leverage this entrepreneurial spirit with the University’s Jesuit heritage of service to the poor and protection of the planet. Miller Center's Global Social Benefit Institute (GSBI®) helps social entrepreneurs help more people. Since 2003 we have accelerated over 893 social entrepreneurs, who have raised over $662M, and positively impacted the lives of over 267M people.
Headline photos courtesy of (L-R): Practice Makes Perfect, Rebel Nell, and Centro Community Partners (x3). Unless otherwise indicated, all other images and photography are property of Santa Clara University.
© 2018. GSBI is a registered trademark of Santa Clara University. All Rights Reserved.
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