Wednesday, August 23, 2017 | ePaper

MU to address social disadvantage thru' entrepreneur initiative

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Campus Report :
"Leave No One Behind" is a new initiative developed by the Monash Sustainable Development Institute (MSDI) of Monash University (MU) in collaboration with the Deans of Monash's HASS faculties (Arts, Business and Economics, Education, Law and Art, Design and Architecture).
It addresses the issues of social disadvantage and inequality through student entrepreneurship and innovation and was launched recently by Nobel Peace Prize winner, Prof Muhammad Yunus, founder of Grameen Bank, who pioneered the concept of microfinance.
The program is designed as a multi stage competition where participants design and develop a viable social enterprise - that is, a business that is both financially sustainable and provides a social good.
Framed by the UN Sustainable Development Goals, Leave No One Behind responds to the changing nature of the workforce where students will increasingly need to be employers rather than employees. It also builds on existing Monash initiatives in this space, such as The Generator, which help grow student capability in innovation and entrepreneurship, while also orienting those skills towards addressing issues of social disadvantage.
Commencing in August 2017, the Leave No One Behind pilot is open to current Monash students as well as Monash alumni within five years of graduation.
Shortlisted teams will have the opportunity to be linked with business leaders and private sector mentors to assist them with development of their business plan.
Finalists will pitch their ideas to an expert panel and winners will be awarded $20,000 to support the development of their idea as well as the opportunity to gain further mentorship and access to additional social capital funding. "Monash is committed to growing the capabilities of our students in innovation and entrepreneurship and building a vibrant entrepreneurial culture," said Mr Ken Sloan, Monash's Deputy Vice-Chancellor (Enterprise).

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