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WELCOME!Spotlight On: Social Enterprise
1Welcome and Introductions2The Tamer Center for Social Enterprise3Panelist Discussion4Q&A
Welcome and IntroductionsProfessor Bruce UsherSandra Navalli MBA ’03Natasha Korgaonkar MBA ’18Anne McGrath MBA ’18Sabrina Lazarus, Admissions OfficerKatie Bucaccio, Admissions Officer
Welcome and IntroductionsProfessor Bruce Usher Co-Director of The Tamer Center for Social EnterpriseElizabeth B. Strickler ’86 and Mark T. Gallogly ’86 FacultyDirectorProfessor of Professional PracticeRecent courses taught: Carbon Finance Finance & Sustainability Impact Investing Seminar Investing in Social Ventures
Welcome and IntroductionsSandra Navalli MBA ’03 Managing Director, The Tamer Center forSocial Enterprise
Welcome and IntroductionsNatasha Korgaonkar MBA ’18 Second year August-entry Full-Time MBA student Pre-MBA Employment: Summer Internship: Civil rights litigator at the NAACP Legal Defense andEducation Fund, Inc.McKinsey & Co.Columbia Business School Clubs: Vice President of Social Impact Week, Social EnterpriseClub (SEC)
Welcome and IntroductionsAnne McGrath MBA ’18 Second year August-entry Full-Time MBA student Pre-MBA Employment: Summer Internship: Investigative Analyst, New York County DistrictAttorney’s OfficeSocial Impact MBA Fellow at Inspiring Capital in NYCColumbia Business School Clubs: Vice President of Events & Careers, Social EnterpriseClub (SEC)Columbia Women in BusinessGovernment and Business
The Tamer Center forSocial Enterprise
What is social enterprise at Columbia Business School?NeedHigh-performing organizations need great talent, ideas, and strategies to achieve theirsocial and environmental missions.MissionThe Tamer Center for Social Enterprise at Columbia Business School educates leaders touse business tools, entrepreneurial skills, and management skills to address social andenvironmental challenges.
What are the activities of the Center?Social Enterprise Programmatic ActivitiesCurriculumProvide high-qualitycourse content andteaching forMBA/EMBA studentsand ExecutiveEducation participantsExperiential learningEncourage students tolearn by applying theirbusiness skills to socialenterprise endeavors,including internships,consulting projects,board program, andsocial venture duediligenceResearch & IdeaGenerationCareers & AlumniOutreachSupport scholarly andapplied research byfaculty members anddoctoral students;external communicationof innovative ideasgeneratedFoster strong networkslinking the School andUniversity to alumni andpractitioners in socialenterprise organizationsand social ventures
Scope and Focus Areas under Tamer CenterCareer Interest Areas of fit & Public Sector ManagementSocial EntrepreneurshipInternational DevelopmentSustainability / Green Business / Corporate SocialResponsibility (CSR)Social Finance / Impact InvestingVenture Philanthropy & Social Venture CapitalRenewable Energy / EnergyNon-Profit ConsultingMicrofinanceCorporate & Foundation PhilanthropyCommunity DevelopmentHealthcareEducationArts ManagementLifestyle of Health and Sustainability SectorFocus AreasNonprofit & lDevelopmentSustainability /Corporate SocialResponsibility
The Tamer Center for Social Enterprise: Recent developmentsExpandedSummer FellowshipLoan Assistance First and second yearMBA students eligible,working with public sector,nonprofits, NGOs, andnonprofit or for-profit socialventures MBA graduates eligiblefor up to 10 years of loanassistance All Columbia studentsacross campus interningwith social ventureseligible Graduates may work inthe US or abroad withnonprofits, in the publicsector, or with eligiblesocial venturesEstablishedSocial Venture Fund Seed grants of up to 25K forstart-ups All Columbia students,alumni, researchers, facultyeligible Access to Columbia StartupLab (coordinated with LangCenter for Entrepreneurship)
Expanded: Social Enterprise Summer FellowshipsEnables students to intern in the U.S. or abroad at nonprofit, government or NGOs,for-profit and nonprofit social ventures.Current: Full time summer internships for 6 to 10weeks by providing matching funds ofbetween 200–800 per week. 64 fellowships supported this summer(An additional 3 students participated in theMorgan Stanley Sustainable InvestingFellowship.)Scaled Up: All full-time Columbia undergraduateand graduate students (includingBarnard and Teachers College) eligibleto work with social ventures. Students across the university worked atorganizations including: Accion VentureLab, Acumen, Off Grid Electric, TheMarshall Project,Inspiring Capital, andNonprofit Finance Fund.
Expanded: Loan Assistance ProgramEncourages MBAs to take management and leadership positions in the public and nonprofitsectors and with social ventures, by alleviating education loans. Expanded number of years of support from 5 to 10 years Allow social entrepreneurs to rank equally with public and nonprofit (i.e. no sectorpreference) This year 40 alumni received loan assistance in the arts, education, internationaldevelopment, social ventures in organizations including:
Established: Tamer Fund for Social VenturesProvides seed grants of up to 25,000 to nonprofit, for-profit, or hybrid early-stage ColumbiaUniversity affiliated social ventures.Goal:Timeline: Investment Board to select 7ventures each year Online application – 130 venturesapplied for fall 2017 funding round Preference for financially selfsustaining ventures First round of applications assessedby student due diligence teams(Investing in Social Ventures course) Screening and advice by faculty,students, and Social VentureAdvisory Network members Recommendations made to theInvestment Board in November andMay each year. Additional student pro bonoconsulting support e.g. PangeaAdvisorsPortfolio Ventures include:change:WATER Labs
New Initiatives at the Tamer CenterSummer FellowshipReEntry AccelerationProgram (REAP)Climate Change andBusiness ProgramSummerSummerFellowshipFellowshipDisplaced ScholarsProgram
Social Enterprise Course ListOver 20 electives offered each year: Public & Nonprofit ManagementSustainability / Corp. Social Responsibility– Effective Philanthropy in Urban Communities– Business in Society– The Nonprofit Sector and the City– Finance and Sustainability– High Performing Nonprofits– New Developments in Energy Markets– Education Leadership– Carbon Finance– Seminar in Public-Sector Structural Change(Public K-12 Education)– Energy and Resource Economics– Business Of Climate ChangeSocial Entrepreneurship– Impact Investing Seminar– Social Entrepreneurship: A GlobalPerspective– Investor Influence on CorporateSustainability– Investing in Social Ventures– Social Impact Real Estate– Impact Investing Capstone– Launching Social Ventures– Modern Political Economy– Social Venture Incubator– Bridging the American DivideInternational Development– The Private Sector and InternationalDevelopment– Markets for the Poor– Reentry Acceleration Program ImmersionColumbia University Network MBA students can also take classes listed atother Schools (SIPA, Mailman, TeachersCollege etc)Course descriptions online: www.gsb.columbia.edu/socialenterprise/courses
Social Enterprise Career / Course urses/electives
At the Center of Social EnterpriseCollaborative Projects: Student Retreat (September) Social Enterprise Conference (October) Net Impact Career Trek (November) Social Enterprise Summer Fellowship Week (February)
2017 Social Enterprise ConferenceLeaders Taking a Stand: Social Impact inTurbulent TimesFriday, October 6Columbia University’s Lerner Hall8:00 a.m. – 5:30 p.m.The Annual Conference will bring together over600 attendees from across Columbia University.The current political climate creates an uneasyworld stage for companies to navigate. Who arethe business leaders who are stepping up to thechallenge and leading by example?Speakers from: Newman’s Own, CECP,DeansList, International Rescue Committee,TYTHEdesign, among many others.Register now at: columbiasocialenterprise.org/conference/
Nonprofit Board Leadership Program (NBLP)A joint initiative between Social Enterprise Club & Tamer Center for Social EnterpriseMission: To cultivate the next generation of nonprofit board leaders Students apply at the beginning of theyear for this selective program, whichlasts the entire academic year MBA Alumni or Friends of CBS who siton nonprofit boards serve as Mentorsto students In exchange for board observation andmentoring, students conduct a probono consulting project for theNonprofit Organization, inconjunction with the board and/or staffStudentsMentorsNonprofits
Sample Past NBLP Organizations
Pangea Advisors: Pro bono consulting projectsPangea advisors is the international consulting arm of the Social EnterpriseClub. Teams of 3 MBA students work on high-impact consulting projects thataddress the most pressing challenges clients face.PROJECTS ACROSS THE WORLDA TWO WAY COMMITMENTPangea Unlocks Access AfyaGrowth Plan forKeyan Mini-clinics DC CAMMarketing Plan forGenocide CenterSPBDProgress Out ofPoverty Index for FijiImpactful consultingexperienceTravel subsidy ( 80%)Mentors and alumni networkTeams Commit to Impactful work for client3-4 hours per weekA week on-siteInterim deliverables & finalpresentations
Pangea Advisors: Pro-bono consulting projectsDistribution of Projects by Sector and RegionSectorNo. of Projects2016-17Arts, Culture & Humanities1Economic ancial Services4Food and Agriculture2Healthcare6Microfinance0Water & Environment1Total40Region and Number of Projects 2016-17
Tamer Center for Social EnterpriseGrowth in student interest and programmatic activitiesActivity20042017Curriculum MBAs and EMBAs (# of students enrolled)2991026Avg. Enrollment per Course (# of students)3547Avg. Curriculum Evaluation (out of 5)4.34.4Avg. Professor Evaluation (out of 5)4.44.5281521Nonprofit Board Leaders staffed (# of students)-44Int. Dev. Consulting Projects (# students funded)-106Experiential Social Enterprise Student Clubs (# of students)LearningResearchResearch and Community building events40107CareersSummer Internships (# of students)2064340Loan Assistance (# of students)
PANELIST DISCUSSIONProfessor Bruce UsherSandra Navalli MBA ’03PR-TERM2ND HALFNatasha Korgaonkar MBA ’181ST HALF2ND HALFAnne McGrath MBA ’18
@ColumbiaMBAAPPLY@GSB.COLUMBIA.EDU212.854.1961
Curriculum Provide high-quality course content and teaching for MBA/EMBA students and Executive Education participants Experiential learning Encourage students to learn by applying their business skills to social enterprise endeavors, including internships, consulting projects, board program, and social venture due diligence Research & Idea Generation Support scholarly and applied research by .
