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A Panel Discussion

Challenges and Opportunities
66 minutes, 30.4mb, recorded 2008-03-27
Image caption: Marot, Haji, Kimbo, Addy, Seelig, Seelig
Marot, Haji, Kimbo, Addy, Seelig, Seelig

Just because you're doing good in the world doesn't mean you can't make money in the process. In this discussion of Hybrid and For-Profit Business Models from the Skoll World Forum, five social entrepreneurs tell how they incorporate for-profit activities into their organization and how that helps them achieve their social goals.  

Tina Seelig of the Stanford Technology Ventures Program talks about the benefits of incorporating profit into a nonprofit, and several ways of doing it. Priya Haji of World of Good is working to create a transparent, replicable market for socially sustainable products; is currently in over 1,100 stores; and has an online partnership with eBay. Tralance Addy of WaterHealth International builds water retrieval and treatment facilities in poor villages and makes enough money to get traditional commercial financing. Liza Kimbo of the LiveWell Kenya Foundation has created a network of pharmacies and clinics in Kenya that profitably provide prompt, affordable medical services through training, central purchasing, and technology. Finally, Sebastien Marot of Friends-International has used for-profit ventures like restaurants and cookbooks to give vocational training to street children in Southeast Asia and make his organization partially self-sufficient.


Our publication of this program was made possible by the support of the following:

 

Tralance O. Addy is President and CEO at WaterHealth International. During his corporate career Addy developed a strong track record in leading the commercialization of ventures based on innovative technologies.

David Brancaccio is the Host and Senior Editor of NOW at PBS. He has also hosted California Connected, another public affairs show carried statewide on public television stations.

Priya Haji is CEO and Co-founder of World of Good, Inc. Haji is the first recipient of Free at Last's Courage to Change Award, given in September 2001.

Liza Kimbo is Director of the LiveWell Kenya Foundation. Kimbo works to deliver health care services to the rural poor, calling upon the resources of a pool of otherwise unemployed nurses.

Sebastien Marot is the International Coordinator at Friends-International.

Tina Seelig is the Executive Director of Stanford Technology Ventures Program at Stanford University. She is the Director of the Stanford Entrepreneurship Network and the co-Director of the Mayfield Fellows Program. Tina also teaches a course in the Department of Management Science & Engineering on Creativity and Innovation.

Resources

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