The Thomson Reuters Foundation poll in the world's 45 biggest economies found almost 60 percent of social enterprise experts said there was a lack of public awareness about social entrepreneurs. While there is no universally accepted definition, a social entrepreneur can be described as someone who applies commercial strategies to tackle social and environmental problems, prioritising social good while pursuing financial gain to sustain their venture and its impact. "Social entrepreneurship is about more than a healthy bottom line," said Anne Katrine Heje Larsen, founder and CEO of KPH, a Danish incubator for start-ups focused on social innovation. U.S. President Barack Obama set up the White House's Office of Social Innovation and Social Innovation Fund, while in Britain the government pioneered innovative social finance tools, such as social impact bonds and social investment tax relief. SOURCES: Social Enterprise UK, Skoll Centre for Social Entrepreneurship, Social Enterprise Alliance, UnLtd, the Global Social Entrepreneurship Network (GSEN).

Source: The Star September 15, 2016 06:32 UTC