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

6 years 1 month ago

Dr. Raye Mitchell, a Harvard Law School attorney turned social entrepreneur, is hosting G.U.R.L.S. Rock 2011 Leadership Summit for Girls in the age group of 12 to 18. The summit, to be held on Sept. 10, 2011 in San Francisco Bay Area, will celebrate the “global importance of girls of color.” Program topics will include Nutrition and Healthy Living, Financial Literacy, along with an Education and Career Forum. The summit will also commemorate the 10th anniversary of 9/11 with a special workshop on service and volunteerism.

More than 70 percent of...


6 years 1 month ago

Root Capital, a not-for-profit social investment fund in Latin America, has received a loan approval of $4.9 million from the Inter-American Development Bank (IDB) Group. The group has provided the loan through its Multilateral Investment Fund (MIF), and will also provide technical assistance to Root Capital.

Root Capital provides social funding for small and medium social enterprises, producers’ associations, cooperatives and other social entrepreneurs that operate under various sustainable agricultural programs in the rural areas of...


6 years 1 month ago

The Jamaica Social Investment Fund (JSIF) has signed an agreement to finance Phase II of the ambitious PetroCaribe Sanitation project in Kingston, Jamaica. With this agreement, the government of Jamaica has renewed its commitment to improve social conditions of the downtown communities in Kingston.

JSIF, the social entrepreneurship and social innovation agency which is funding the initiative, considers it to be a crucial part of the city’s redevelopment plans. Phase II of the project will be undertaken at a cost of $109 million and will involve...


6 years 1 month ago

Native American Natural Food Company, renowned for its organic, buffalo-jerky Tanka Bar and other meat products, has been chosen for this year’s Innovation Award by the Social Venture Network (SVN). SVN is a national peer-to-peer network of social entrepreneurs and investors and socially responsible companies.

Native American Natural Food will work in close association with SVN leaders, who will mentor the company to improve its social innovation capabilities. SVN says that Karlene Hunter and Mark Tilsen, the owners of Native American Natural...


6 years 1 month 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...


6 years 1 month 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...


6 years 1 month 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...


6 years 1 month 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...


6 years 1 month 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...


6 years 1 month 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...


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