Ipoh declared first Social Business City in Malaysia

Press Release

Dato' Zamri Bin Man, Mayor of Ipoh, Perak Malaysia presenting the Social Business City pledge memento to Nobel Laureate Professor Muhammad Yunus at the Pangkor International Development Dialogue 2016 opening day on 5 September, 2016 witnessed by key stakeholders. Photo: Yunus Centre

A formal joint-declaration was made to make Ipoh as the first Social Business City of Malaysia by the Chief Minister of Perak, Mayor of Perak, CEO of MyHarapan, a youth organization of Malaysia, and Yunus Centre. Ipoh is the capital of Northern Malaysian state of Perak. The declaration came on opening day of the three day long Pangkor International Development Dialogue 2016 being held in Perak, Malaysia from 5-7 September 2016. Ipoh is following the example of social business cities created in other countries.

Earlier on, Sunday 4 September, 2016  Professor Yunus gave recommendations and guidelines to the Perak Social Business City Committee on how Ipoh can become an effective social business city. This committee was created for the preparation and implementation of the project on the eve of the dialogue.

Professor Yunus also delivered the keynote speech at this year’s Pangkor Dialogue which is one of the largest knowledge exchange dialogue in Southeast Asia focusing on Sustainable Development. Over a thousand delegates, including ministerial level delegates from India, Philippines, Sri Lanka, Thailand, Singapore, Bahrain, and Guinea are attending the conference.

International Social Business Forum held in Malaysia , New Yunus Social Business Centre opens in Perak Malaysia

Press Release (04 September, 2016)

Nobel Laureate Professor Muhammad Yunus is articulating the vision of an ideal social busienss city during the International Social Business Forum in Ipoh, Perak, Malaysia on 4 September, 2016. Ipoh is to be announced as the first social business city in Malaysia during the Pangkor Dialogue 2016.Photo: Yunus Centre

Nobel Laureate Professor Muhammad Yunus was the chief guest at a special one day international social business forum held in Ipoh Malaysia on September 4 organized by MyHarapan, a leading Malaysian youth organization, together with the Chief Minister of Perak Dato Seri DiRaja Dr Zambry Bin Abdul Kadir, on the eve of the Pangkor International Development Dialogue to open in Ipoh on 5 September.

In his address to the forum, Professor Yunus urged the youth to take action, and utilize their innate creative power to become job creators, instead of job seekers Professor Yunus interacted with 150 young people while addressing the 'Perak Youth Assembly' in Ipoh, Perak State on the eve of Pangkor International Dialogue 2016 where he will be the keynote speaker on Monday. He urged the young people to imagine and build their future on their own where there will be no poverty, unemployment and inequality in the society.

Social Business Short Course completion certificates presented to the students of Eastern University

Second batch of students from the Short Course on Social Business of Eastern University participated in a certificate giving ceremony at Yunus Centre on Wednesday. Nobel Laureate Professor Yunus presented the certificates to the students, and had an hour long discussion with the group as well as the Pro VC and faculty of Eastern University on the growing activities around social business academia.

Yunus Social Business Centre established at Kings College London

Press Release


A Yunus Social Business Centre  was launched yesterday at the prestigious King’s College, London (KCL)

An MoU between Yunus Centre and King’s College London, established in 1829 under University of London, was signed on Wednesday to establish the Centre which will focus on promoting social business study research and action within the college among both faculty and students.

Ms Julie Devonshire, OBE, Director of Entrepreneurship Institute at KCL, Anandana Bakshi, Head of Entrepreneurship, KCL; Dr Susan Trenholm, a lecturer on social entrepreneurship; Ed halliday, an accelerator manager of social entepreneurship; and Mr Renad Sheraif, President of KCLEnactus joined the MoU signing ceremony at King’s College in London.  Professor Muhammad Yunus, Ms Lamiya Morshed,  Mr Amir Khashru, joined the meeting on behalf of Yunus Centre. The  signing ceremony was conducted via video conference between London and Dhaka.

Six New Businesses Launched at the 329th Social Business Design Lab

Yunus Centre Press Release (August 20, 2016)

Investments into six social businesses were announced on Saturday at the 329th Social Business Design Lab. The six young entrepreneurs, children of Grameen Bank borrowers are seen in the photo with Nobel Laureate Professor Muhammad Yunus. Photo: Yunus Centre

The 329th Social Business Design Lab organized by Yunus Centre took place on 20th August 2016 at the Grameen Bank Auditorium with nearly 150 participants from national and international organizations attending.

Since the Labs began in January 2013, over 7,500 projects have been presented in the last 329 Lab programs, of which 7,400 projects have been approved for equity funding investments ranging from taka one lakh to five lakh for Nobin Udyokta projects. 

The Design Lab was chaired by Nobel Laureate Professor Muhammad Yunus. Prof Yunus welcomed the audience and updated on the progress of the social businesses operating in Bangladesh and around the world. He also shared, in context of his recent participations in Olympic events in Rio, about the International Olympic Committee’s (IOC) interest to work together with Yunus Centre to take the social business movement forward across the world through National Olympic Committee operating in each country. Professor Muhammad Yunus was the keynote speaker for IOC’s annual conference on the role of social business and sports in transforming communities.

At the lab, Grameen Danone presented a brief update of the company. Grameen Danone started its journey back in 2006 as a social business joint venture between Grameen and French dairy giant Danone to address the chronic malnutrition among the children in the country through production and sale of a specially fortified yogurt. Grameen Telecom Trust also provided an update of its activities in support of independent social businesses and Nobin Udyokta projects. 

Afterwards, six new Nobin Udyokta business plans were presented at today's Lab. All Nobin Udyokta businesses, presented at the Design Lab are from Grameen Bank borrowers’ families. These six plans included Nishbetganj Shatoranji Hostoshilpo by Ms Amina Begum who has a shatronji or handmade rug business seeking equity funding to expand her business. The next plan was Mozaffor Classical R Banshi by Mofazzal Mondol whose craftsmanship for making indigenous bamboo flute impressed the audience. The business has already exported its flutes to the United Kingdom and Tunisia. The entrepreneur's father is talented flutist and performed a short recital for the participants at the Lab. Champa Rani of Shoikot Bop, a specialty product made of waste cloth materials to clean rusty steel. She wants to realize her dream of becoming self reliant and presented the business plan for her unusual product at the Lab. Two other plans were by Mst. Morsheda Khatun and Mst. Eshrat Zahan Champa in support of theor tailoring and garments business. The final project was Afroza Kutir Shilpo by Afroza Begum which produces handmade baskets to carry fruits and vegetables.

All business plans were presented and discussed in detail. Those were then presented in groups for further review. All six projects were approved for funding by their groups. The projects are joint ventures with Grameen social business fund and their progress will be monitored on www.socialbusinesspedia.com .

Professor Yunus thanked the participants for the innovative social businesses and noted that it was exciting that so many ideas were now business reality.  Professor Yunus also invited participants to join next Social Business Design Lab which will take place on 20 October 2016.

Caption for image Two: Participants of the 329th Social Business Design Lab are seen with the Nobel Laureate Professor Muhammad Yunus with the Olympic torch. The 329th Social Business Design Lab organized by Yunus Centre took place today on 20th August 2016 at the Grameen Bank Auditorium.Photo: Yunus Centre

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