There is no one sustainable business model for a social entreprise waiting to be discovered, according to Sasa Vucinic, cofounder of Media Development Loan Fund (MDLF), and founder and CEO of IndieVoices, the first crowd funding portal for independent media in the developing world. A renowned expert on social investing, Mr Vucinic believes that discovering a sustainable business model is a lot like sailing – you have to navigate and be prepared to change direction, but as long as you have a general idea of your destination and are trying to find it, you’ll get there in the end.
He made the remarks in a seminar held at the School on Friday, March 7, as part of the Asia Centre for Social Entrepreneurship & Philanthropy (ACSEP) Social Entrepreneurship Series. Mr Vucinic shared the birth and growth phases of MDLF, a leading impact investment fund managers in the media sector. He discussed important strategic issues relevant to the management and growth of a social enterprise, including developing a sustainable business model, balancing financial and social returns, and measuring social performance.
The event, attended by about 150 industry professionals as well as staff and students of the School, provided a platform for social entrepreneurs to gain insights from Mr Vucinic, a leading non-profit venture capitalist, and share some of the challenges they face. The talk was followed by a Q&A session moderated by ACSEP Director, Professor Lam Swee Sum.
To learn more about similar events organised by ACSEP, click here.