Thursday, April 1, 2010

Social Entrepreneurship in the Middle East

Just when I write that there are few examples of social entrepreneurship in the Middle East comes this press release about the Acumen Fund working with Saudi Arabia's King Khalid Foundation (MENAFN):
Jeddah, 31 March 2010: Social enterprises -businesses that provide goods and services to undeveloped segments of the society - are increasingly recognized as effective tools against poverty. Saudi Arabia's King Khalid Foundation - a Royal foundation, established in 2001 to make a positive impact in people's lives by providing innovative solutions to critical social and economic challenges in Saudi Arabia - and Acumen Fund - an international not-for-profit venture fund that invests in enterprises delivering critical goods and services to low-income customers - are partnering to recruit a Saudi national for Acumen Fund's Fellows Program. Fellows receive an opportunity to work with high impact social entrepreneurs for one year.
via @auerswald.

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