News | Basics Needs & Social Entrepreneurship 20.09.2012

Siemens Stiftung supports G20 ideas competition workshop

Launched in 2011 as part of the G20 development pillars, the G20 Challenge on Inclusive Business Innovation rewards innovative, scalable business models which help increase development and reduce poverty in a sustainable manner. As a partner of Germany's Federal Ministry for Economic Cooperation & Development (BMZ), the Siemens Stiftung (Foundation) supports the workshop being held on September 17 and 20, 2012 in Berlin.

The names of the 15 winners were announced at the last G20 summit in Mexico. At the workshop in Berlin they will now get the opportunity to present their award-winning business models, exchange experiences and find new partners.

At the initiative of the Siemens Stiftung and Ashoka, eight members of the CIDG (Community Impact Development Group) international network of social entrepreneurs will be attending the workshop. The aim is to stimulate the exchange of information between companies, also in terms of how entrepreneurial approaches can help increase development and reduce poverty in a sustainable manner.

"Prospects for sustainable development emerge from the interaction between science, technology, innovation and human ingenuity. Often it is precisely the unconventional ideas of socio-entrepreneurial organizations that identify and drive forward approaches to solving society's problems," according to Ulrike Wahl, Managing Director of the Siemens Stiftung. "Accordingly, the Siemens Stiftung also sees itself both as a provider of impetus, linking the worlds of economics, science and politics, and as an intermediary between theory and practice."

Ulrike Wahl, Managing Director of the Siemens Stiftung, underscores in her speech the importance of inclusive social business for sustainable commercial development and the contribution foundations can make toward this in this context.

The ideas competition winners hail predominantly from Latin America, South Asia and Sub-Saharan Africa. Their business models specifically include 40 million people who live at the bottom end of the income scale, either as suppliers, producers or customers. The entrepreneurs are addressing various sectors like, for instance, agriculture, education, healthcare, water and energy. An important factor in the selection of the winners was the effective contribution the entrepreneurial approaches made towards social and economic inclusion.