Duke University to Launch Social Entrepreneurship Accelerator
Duke University’s Fuqua School of Business, together with several other of the university’s schools, will now apply social entrepreneurship and innovation to some of the most pressing global health challenges thanks to a $10 million award from the U.S. Agency for International Development (USAID), the school announced earlier this month.
With the USAID funding, which was awarded on Thursday, November 15th, Fuqua’s Center for the Advancement of Social Entrepreneurship (CASE) will partner with the International Partnership for Innovative Healthcare Delivery (IPIHD) at Duke Medicine and the Duke Global Health Institute to establish the Social Entrepreneurship Accelerator at Duke (SEAD). SEAD’s mission will be to serve as a global health development lab that can identify and help address global health challenges in low- and middle-income countries. Faculty from the Duke Center for Science Education, Sanford School of Public Policy, the Department of Economics and elsewhere across Duke also will serve as advisors for the initiative.
The $10 million award is part of a new initiative called the Higher Education Solutions Network (HESN), through which USAID hopes to put universities to work to find solutions to major development problems.
“We are thrilled that Duke’s global health and entrepreneurship initiatives will be founding elements of USAID’s new partnership with universities,” Duke University President Richard H. Brodhead said in a statement. “Our faculty look forward to contributing their research and expertise toward new and effective solutions to global health problems.”
Fuqua’s CASE will contribute its academic and technical expertise in social impact to the SEAD initiative. Duke Medicine’s IPIHD, meanwhile, will contribute its global network of healthcare innovations. The CASE Impact Investing Initiative (CASE i3) will also lead an effort to increase participating social entrepreneurs’ ability to attract capital and cultivate an active investor community.
“SEAD epitomizes our mission at CASE to prepare current and emerging leaders, and the organizations that support them, to achieve real and lasting social change,” CASE Executive Director Matt Nash said in a statement. “SEAD will become a virtual hub for faculty and students interested in global health, international development, innovation and entrepreneurship, and civic engagement,” he added.
USAID selected Duke as a member of the HESN from among nearly 500 submissions. In total, HESN includes seven lead universities, as well as 22 funded and 76 non-funded partners in the United States and overseas.
Learn more about the new Social Entrepreneurship Accelerator at Duke.
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