Vikas Vij

Vikas Vij
Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Posts by This Writer

5 years 10 months ago

When riots swept across several British cities this summer, the local community of Manningham, Bradford remained quiet. This was in sharp contrast to 2001 when Manningham district was the scene of rioting. The community has moved on in the last ten years, and a part of the credit goes to Action for Business (ABL), a successful social enterprise in the district.

ABL has engaged the local community, particularly women, to bring a positive change to the lives of underprivileged families. Its collaborative approach is helping to improve the health...


5 years 10 months ago

Solar-powered lighting is one of the newest areas of opportunity for social entrepreneurs. Solar light bulbs may be the next major path-breaking social innovation that will fulfil the lighting needs of the developing world in an affordable and environment-friendly manner.

Social entrepreneur and inventor Stephen Katsaros has developed a solar light bulb that makes use of renewable solar energy to charge a battery-powered LED light for about four hours. The product has a life of about five years, while the replaceable battery may last for...


5 years 10 months ago

A new report released by the Young Foundation, an international center for social innovation and social entrepreneurship in the UK and US, has emphasized on the need for effective social investments in the youth sector. Social finance can allow greater freedom for innovation in this sector and improve the outcomes. 

The voluntary and community youth sector (VCYS) comprises 11,000 organizations that under severe financial pressure. The report evaluates the scope for social investment to address the challenges of under-capitalization and promote the...


5 years 10 months ago

Social Enterprise UK, the national membership body in the UK for the promotion of social ventures, says that a new generation of social entrepreneurs is driving the proliferation of social enterprise start-ups in Britain. An estimated 62,000 new social entrepreneurship ventures are operating in the country, many of which are focused on uplifting the most deprived communities.

The report released by Social Enterprise UK states that there are three times as many social innovation and venture philanthropy businesses operating in the most...


5 years 10 months ago

Obama administration’s Social Innovation Fund has announced grants totalling $13.9 million that will be disbursed over a period of two years for five nonprofits. The Social Innovation Fund is a part of the Corporation for National and Community Service. It is a new model in social entrepreneurship that tries to leverage the financial muscle of venture philanthropy and the experience of successful charities to handle key social issues ranging from illiteracy to homelessness.

The fund has a unique structure of a social enterprise that aims to...


5 years 10 months ago

A report released by The King’s Fund, a leading UK thinktank and health charity, says that social enterprises working in the area of healthcare services require stronger support in order to make them more viable and effective service providers. The report suggests that substantive financial, operational and legal measures are necessary to create a vibrant social enterprise sector in healthcare.

The report recommends that as a part of social innovation efforts in healthcare, long-term contracts must be offered to social entrepreneurs in this...


5 years 10 months ago

Concord Hospitality Enterprises Company, a leading hotel management and development group, has entered into an association with Clean the World Global, an Orlando-based social enterprise, to collect and recycle hotel guest room soaps and bottled amenities for global distribution to curb the growth of preventable diseases. The soaps, lotions, gels, shampoos and conditioners collected by the Concord group hotels will be shipped to Clean the World Global for distribution to communities and nations in dire need of such products to improve their health and...


5 years 10 months ago

Timberland, one of the most recognized socially responsible companies, has unveiled a set of ambitious sustainability and social enterprise goals for 2015. It aims to reduce its carbon emissions by half and increase its use of green power by thirty-nine percent. These goals are ambitious by any standards, considering the projected growth of business over the next five years, which will make these goals even more challenging.

Timberland’s manager for CSR Strategy, Beth Holzman says, “Setting aggressive goals challenges us to go to place we never...


5 years 10 months ago

CafeGive, the Portland-based social enterprise has announced the launch of its innovative online platform “Giving by CafeGive”. This marketing platform allows socially responsible companies to showcase their giving strategies, generate support for their venture philanthropy activities, and communicate with their consumers in an interesting way.

The Giving by CafeGive platform includes creative applications that can run on Facebook and other websites, enabling businesses to create awareness for their social giving strategies and encourage consumer...


5 years 10 months ago

Social Venture Exchange (SVX) is a highly innovative concept designed in Toronto, Canada to tackle the perennial problem of financial constraints faced by social and environmental groups around the world. Poverty alleviation and climate change are the most pressing global issues at a time when governments around the world are struggling with public debt and growing fiscal deficits. 

SVX is a social enterprise designed to connect social entrepreneurs with financial investors who are keen to invest in social innovation projects. Socially conscious investors are usually interested in sound...


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