{"id":334,"date":"2013-04-24T23:04:24","date_gmt":"2013-04-24T23:04:24","guid":{"rendered":"http:\/\/scqa.hult.edu\/en\/news\/blogs\/2013\/april\/finance-should-be-included-in-social-entrepreneurship-competitions-innovative-finance\/"},"modified":"2019-07-08T12:04:09","modified_gmt":"2019-07-08T12:04:09","slug":"finance-should-be-included-in-social-entrepreneurship-competitions-innovative-finance","status":"publish","type":"post","link":"https:\/\/www.hult.edu\/blog\/finance-should-be-included-in-social-entrepreneurship-competitions-innovative-finance\/","title":{"rendered":"Finance should be included in social entrepreneurship competitions [Innovative Finance]"},"content":{"rendered":"<p>A recent visit to Hult International Business School in Cambridge, MA got me all excited about entrepreneurs-in-the-making interested in social infrastructure. \u00a0A number of competitions fuel the interest \u2013 Hult runs one endorsed by Bill Clinton and the first prize is $1million.<\/p>\n<p>HH Sheika Moza of Qatar runs a competition focused on innovation in global education. There are many more. \u00a0But ideas need financing to become businesses. \u00a0Too many of the good social improvement ideas generated through competitions are unsustainable \u2013 not because they are bad ideas but because they neglect the financing part of their story.<\/p>\n<p>So what is the point of these competitions? \u00a0Sure, some have pilot character; there are lessons to be learned. \u00a0But who bears that cost of failed pilots? The farmers? The children? The patients?<\/p>\n<p>I applaud all efforts to promote entrepreneurship in the social infrastructure arena but I am not entirely convinced by the lack of reflection on matters of finance going into the proposals.<\/p>\n<p><em>Written by Robert Filipp, President of the Innovative Finance Foundation. Republished from <a href=\"http:\/\/www.innovativefinance.org\" target=\"_blank\" rel=\"noopener\">Innovative Finance<\/a>, read the article in full<a href=\"http:\/\/www.innovativefinance.org\/opinion-discussion\/great-ideas-for-social-infrastructure-improvement-need-finance\/\" target=\"_blank\" rel=\"noopener\"> here<\/a>.\u00a0<\/em><\/p>\n<p>Make the most of what your career has to offer with a <a href=\"https:\/\/www.hult.edu\/en\/programs\/masters\/international-business\/\">Masters in International Business<\/a> from Hult. To learn more, take a look at our blog <a href=\"https:\/\/www.hult.edu\/blog\/life-changing-year\/\">My Masters in International Business: Looking back on a life-changing year<\/a>, or give your employability a huge boost with an <a href=\"https:\/\/www.hult.edu\/en\/programs\/mba\/\">MBA in international business<\/a>. Download a brochure or get in touch today to find out how Hult can help you to explore everything about the business world, the future, and yourself.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent visit to Hult International Business School in Cambridge, MA got me all excited about entrepreneurs-in-the-making interested in social infrastructure. \u00a0A number of competitions fuel the interest \u2013 Hult&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[191],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance should be included in social entrepreneurship competitions [Innovative Finance] | Hult International Business School<\/title>\n<meta name=\"description\" content=\"A recent visit to Hult International Business School in Cambridge, 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