Initiatives
Social Business Design Lab

8th YC SB Design Lab [14th Sep, 2013; Time: 10.00 AM- 2.30 PM (GMT+6)]

Burgess COMMENTARY

Peter Burgess

8th YC SB Design Lab [14th Sep, 2013; Time: 10.00 AM- 2.30 PM (GMT+6)]

The Yunus Centre Social Business Design Lab is a meeting place for the people of diverse backgrounds having only one goal – developing social business for the betterment of society. The first Design Lab was held on January, 2013. Since then Yunus Centre is organizing this programme once in every month. What is Social Business? A Social Business is a non-dividend business that seeks to solve a social problem through business methods. It is different from both a traditional personal profit-making business and a non-for-profit organization. The idea of social business is based on the seven principles developed by Nobel Laureate Professor Muhammad Yunus. Social business is a cause-driven business. In a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company, no personal gain is desired.