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class="breadcrumb_last" aria-current="page">Social Enterprise</span></span></div> </header> <main> <div class="wp-block-hbssei-module-01 alignfull is-light has-custom-content-position is-position-center-left" style="min-height:648px"><span aria-hidden="true" class="wp-block-cover__background has-background-dim-0 has-background-dim"></span><img fetchpriority="high" decoding="async" width="1600" height="939" class="wp-block-cover__image-background wp-image-126806" alt="" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/iStock-1133350536.webp" style="object-position:36% 47%" data-object-fit="cover" data-object-position="36% 47%" srcset="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/iStock-1133350536.webp 1600w, https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/iStock-1133350536-300x176.webp 300w, https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/iStock-1133350536-1024x601.webp 1024w, https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/iStock-1133350536-768x451.webp 768w, https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/iStock-1133350536-1536x901.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /><div class="wp-block-cover__inner-container"> <h2 class="wp-block-hbssei-cta-button"><a href="https://www.hbs.edu/socialenterprise/about/"><span>Social Enterprise Initiative</span><svg enable-background="new 0 0 64 64" height="64" viewBox="0 0 64 64" width="64" xmlns="http://www.w3.org/2000/svg" class="cta-arrow"><path d="m37.379 12.552c-.799-.761-2.066-.731-2.827.069-.762.8-.73 2.066.069 2.828l15.342 14.551h-39.963c-1.104 0-2 .896-2 2s.896 2 2 2h39.899l-15.278 14.552c-.8.762-.831 2.028-.069 2.828.393.412.92.62 1.448.62.496 0 .992-.183 1.379-.552l17.449-16.62c.756-.755 1.172-1.759 1.172-2.828s-.416-2.073-1.207-2.862z" fill="#FFFFFF"></path></svg></a></h2> <div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left">We educate, support, and inspire leaders across all sectors to tackle society's toughest challenges and make a difference in the world.</p> </div></div> </div></div> <section class="module block-module three-column threecol-article-module has-bg manual"> <div class="wrapper"> <div class="module-title-block"> <h2 class="theme-module-title">Supporting a Dynamic Community</h2> </div> <div class="article-feed three-col"> <article class="two-col-media tcm-alt " data-entryid="" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/socialenterprise/mba-experience/"> <div class="tcm-top"> <div class="media "> <img decoding="async" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/MBA-classroom.webp" width="1600" height="1067" alt="MBA-classroom.webp" class="" /> <span class="theme-button cta-video-btn"></span> </div> </div>  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">MBA Experience </h3> <span class="information__description"> <p class="p1">Learn more about involvement as an HBS student, including academics, career, community, and paths for social entrepreneurship.</p> </span> </div> </div>  </a> </article> <article class="two-col-media tcm-alt " data-entryid="" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/socialenterprise/alumni-engagement/"> <div class="tcm-top"> <div class="media "> <img decoding="async" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/Alumni-walking.webp" width="1600" height="1067" alt="Alumni-walking.webp" class="" /> <span class="theme-button cta-video-btn"></span> </div> </div>  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">Alumni Engagement </h3> <span class="information__description"> <p class="p1">Connect to a powerful global network of social impact leaders through events, interest groups, and local alumni clubs.</p> </span> </div> </div>  </a> </article> <article class="two-col-media tcm-alt " data-entryid="" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/socialenterprise/for-organizations/"> <div class="tcm-top"> <div class="media "> <img loading="lazy" decoding="async" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/3034.webp" width="1600" height="1067" alt="3034.webp" class="" /> <span class="theme-button cta-video-btn"></span> </div> </div>  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">For Organizations </h3> <span class="information__description"> <p class="p1">Build your organization’s social impact by connecting with HBS through executive education, research, student and alumni projects, and recruiting.</p> </span> </div> </div>  </a> </article> </div> </div> </section> <section class="wp-block-hbssei-post-layouts module block-module three-column threecol-article-module" style="--post-count:3"> <div class="wrapper"> <div class="module-title-block"> <h2 class="theme-module-title"><a href="https://www.hbs.edu/socialenterprise/faculty-research/" class="">Faculty & Research</a></h2> <div class="theme-module-description"> <p>Engage with faculty creating groundbreaking research that links theory and practice to shape the future of social enterprise.</p> </div> </div> <div class="article-feed three-col"> <article class="two-col-media tcm-alt " data-entryid="0" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/faculty/Pages/item.aspx?num=66659">  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">Core Innovation Capital: Investing in Fintech for Good (B) </h3> <span class="information__subtitle"> December 2024 </span> <span class="information__sub-subtitle"> <span class="text-uppercase"> By: Ray Kluender, Natalia Rigol, Benjamin Roth and Nicole Tempest Keller</span> </span> <span class="information__description"> In 2017, Core Innovation Capital invested $725,000 in Hugo Insurance, a pay-as-you-drive auto insurance startup targeting the non-standard market. Core followed with $300,000 in 2019 during a Seed II round. By 2022, Hugo founder, David Bergendahl, sought $10 million in Series A funding at a $30 million valuation, inviting Core to lead with a $5 million investment. Despite early promise, Hugo fa... </span> </div> </div>  </a> </article> <article class="two-col-media tcm-alt " data-entryid="0" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/faculty/Pages/item.aspx?num=66657">  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">Core Innovation Capital: Investing in Fintech for Good </h3> <span class="information__subtitle"> December 2024 </span> <span class="information__sub-subtitle"> <span class="text-uppercase"> By: Ray Kluender, Natalia Rigol, Benjamin Roth and Nicole Tempest Keller</span> </span> <span class="information__description"> In 2017, Arjan Schütte, founder of Core Innovation Capital, faced a decision on whether to invest in Hugo Insurance, an auto insurance startup. Core, an early-stage social impact VC firm, focused on “fintech for good,” by investing in financial services for low- to middle-income consumers. Since 2010, Core had raised $120 million across two funds and backed nearly 50 companies, including Ripple... </span> </div> </div>  </a> </article> <article class="two-col-media tcm-alt " data-entryid="0" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/faculty/Pages/item.aspx?num=66409">  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">Social Enterprise in the MENA Region </h3> <span class="information__subtitle"> November 2024 </span> <span class="information__sub-subtitle"> <span class="text-uppercase"> By: Brian Trelstad and Ahmed Dahawy</span> </span> <span class="information__description"> This research note provides an overview of the socio-economic landscape of social enterprise in the Middle East and North Africa. It highlights the diversity of players in the region including social enterprise organizations (in their many forms) and supporting agencies, funders, and regulators. The note also dives briefly into the demographics of social entrepreneurs in the region as well as t... </span> </div> </div>  </a> </article> </div> </div> </section> <section class="module block-module three-column threecol-article-module has-bg bf"> <div class="wrapper"> <div class="module-title-block"> <h2 class="theme-module-title"><a href="https://www.hbs.edu/socialenterprise/blog/" class="">Blog</a></h2> <div class="theme-module-description"> <p>Check out Impact Insights, shining a spotlight on the people, ideas, and happenings in the SEI community.</p> </div> </div> <div class="article-feed three-col"> <article class="two-col-media tcm-alt " data-entryid="" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/socialenterprise/blog/meet-the-2025-new-venture-competition-social-enterprise-track-finalists/"> <div class="tcm-top"> <div class="media "> <img loading="lazy" decoding="async" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/NVC-marks-black-HBS-scaled.jpg" width="2560" height="1462" alt="NVC-marks-black-HBS-scaled.jpg" class="" /> <span class="theme-button cta-video-btn"></span> </div> </div>  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">Meet the 2025 New Venture Competition Social Enterprise Track Finalists </h3> <span class="information__sub-subtitle"> <span class="text-uppercase"> 19 Mar 2025</span> </span> <span class="information__description"> <span class="excerpt_part">In February 2025, the HBS New Venture Competition (NVC) received 35 entries to the Social Enterprise Track, from student teams across Harvard University. Sixteen semifinalists presented in early March to...</span> </span> </div> </div>  </a> </article> <article class="two-col-media tcm-alt " data-entryid="" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/socialenterprise/blog/new-venture-competition-announces-2025-social-enterprise-track-semifinalists/"> <div class="tcm-top"> <div class="media "> <img loading="lazy" decoding="async" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2024/02/NVC-marks-black-HBS-scaled.jpg" width="2560" height="1462" alt="NVC-marks-black-HBS-scaled.jpg" class="" /> <span class="theme-button cta-video-btn"></span> </div> </div>  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">New Venture Competition Announces 2025 Social Enterprise Track Semifinalists </h3> <span class="information__sub-subtitle"> <span class="text-uppercase"> 28 Feb 2025</span> </span> <span class="information__description"> <span class="excerpt_part">In February 2025, the HBS New Venture Competition received 36 entries to the Social Enterprise Track, from student teams across Harvard University. After an extensive review and deliberation process with...</span> </span> </div> </div>  </a> </article> <article class="two-col-media tcm-alt " data-entryid="" data-partnerid="1423662" data-uiconfid="24701771"> <a class="article-card-link" href=" https://www.hbs.edu/socialenterprise/blog/the-opportunity-for-service-and-to-create-systemic-change/"> <div class="tcm-top"> <div class="media "> <img loading="lazy" decoding="async" src="https://www.hbs.edu/socialenterprise/wp-content/uploads/2025/02/vaughnbryantheadshot-scaled.jpeg" width="2560" height="1707" alt="Headshot of Vaughn Bryant" class="" /> <span class="theme-button cta-video-btn"></span> </div> </div>  <div class="tcm-bottom"> <div class="information"> <h3 class="information__headline">The Opportunity for Service and to Create Systemic Change </h3> <span class="information__subtitle"> Vaughn Bryant </span> <span class="information__sub-subtitle"> <span class="text-uppercase"> 20 Feb 2025</span> </span> <span class="information__description"> <span class="excerpt_part">Vaughn Bryant currently serves as Executive Director of Metropolitan Peace Initiatives, a division of Metropolitan Family Services in Chicago. 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