Arthur M. Blank School
The Blank School engages Babson community members and leads research to create entrepreneurial leaders.
As part of our commitment to entrepreneurial leadership that fosters economic and social growth, we design and deliver sponsored programs in partnership with banks, foundations, and other organizations that aim to create philanthropic growth programs. These programs for entrepreneurs and small business owners can take place in partnership with other organizations, cities, governments, regions, and more.
Babson partners with Goldman Sachs to provide education, capital, and support services to 10,000+ small businesses in all 50 states, Puerto Rico, and Washington, D.C. The program is so successful that it has been replicated in the UK in 10,000 Small Businesses UK and globally in 10,000 Women, providing support to women entrepreneurs in 56+ countries.
Goldman Sachs 10,000Challenge
antander Bank was looking to help early-stage entrepreneurs in low and middle-income U.S. neighborhoods build and sustain their businesses. Santander aimed to provide particular support to women-, minority-, and immigrant-owned businesses in food-related industries.
Solution
In partnership with Babson, ICIC, CommonWealth Kitchen, and LAEDA, Santander’s overarching program provides participants with industry specific training, networks, and mentoring, as well as small capital grants.
Babson develops and delivers the customized training curriculum for participants over a three-month period. Our interactive business education curriculum involves virtual classes designed specifically for food-industry entrepreneurs.
Results
The inaugural class of 30 business owners ran in October 2017. We have since trained almost 100 entrepreneurs working in businesses such as processing, technology, manufacturing, and food service.
This program is unique because in helping these food-based businesses to sustain and grow, they also sustain and grow their communities. By applying Entrepreneurial Thought & Action® approaches, these entrepreneurs will learn to assess opportunities, experiment, and build their businesses.
I find the program is helping me stay focused on the big picture, as I often get too caught up in the day-to-day operations of my business. One of my big goals for 2018 is fundraising, and, so far, the program has really helped me think critically and in the language of a business plan. Another great perk of being part of this group is that I’m able to get to know so many other entrepreneurs, and I’ve gained some really good insights from them.
Challenge
FMO Economic Development Bank in the Netherlands wanted to support women entrepreneurs in underserved regions of the world. In particular, they aimed to increase access to credit for those active in agricultural value chains for a strong social and environmental impact.
Solution
To support women entrepreneurs, FMO Economic Development Bank in the Netherlands engaged Babson to develop and deliver a Train the Trainer curriculum for micro banks in the Côte d’Ivoire with more offerings expected in other parts of the world. This solution is part of FMO’s €5m investment in Fin’Elle, a subsidiary of the COFINA Group dedicated to promoting a pan-African model of inclusive financing for women in Côte d’Ivoire and offering adapted and accessible financial services.
Through our Train the Trainer program, Babson contributes to great economic and social growth. Fin’Elle serves more than 10,000 clients and ranks ninth among microfinance institutions in Côte d’Ivoire.
Results
Babson will deliver the Train the Trainer Program in October in the Ivory Coast, supporting responsible financing and sustainable economic development.
Is your organization exploring options for philanthropic work that stimulates economic growth and innovation in a responsible way that makes a positive impact? Let’s talk about how you can make a difference with entrepreneurial leadership.
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