Cover Story 01
1) From Right: Ms. Yuling Jia, Educational and Research Manager of Clean Air Network, and Ms. Erica Chan, Campaign Manager of Clean Air Network 2) Ms. Charmian Lam (facing the audience), Portfolio Manager of SOW Asia 3) Mr. Darius Yuen, founder and President of SOW Asia
DID YOU KNOW? Social Business
Clean Air Network, and Mr. Philo Alto, founder of Asia Value Advisors). Attendees would thus be equipped with a more thorough understanding of social business and the case study about truck emissions in Hong Kong featured in the “Process Innovation Track” of the Challenge. For the second half of the session, small group workshops were arranged. Attendees were divided into two groups and attended the talks provided by Mr. Darius Yuen, founder and President of SOW Asia, and Ms. Charmian Lam, Portfolio Manager of SOW Asia. Attendees actively interacted with the speakers; many took the opportunity to seek the speakers’ views and advice on drafting the business plans. For further information about the Hong Kong Social Business Challenge, please visit http://www.baf.cuhk. edu.hk/socialbusinesschallenge.shtml.
Social business is an organization that focuses on achieving social impact, applying market-based solutions to address public sector issues and market failure in innovative ways. Social business can take on a variety of legal forms. Social Impact The benefit(s) to society derived from the activities of a social purpose organization or venture philanthropy organization. Venture Philanthropy Venture philanthropy works to build stronger social organizations by providing them with both financial and non-financial support in order to increase their social impact. The organizations supported may be charities, social businesses or socially driven commercial businesses. (European Venture Philanthropy Association, click for more)
The monthly newsletter published by the Undergraduate Office, CUHK Business School