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Yunus Social Business (YSB) is an international advisory and implementation company focusing on creating social businesses worldwide. A social business is a new kind of organization that combines the strengths of both civil society and the business world. Social businesses have a social or environmental mission – like NGOs – but are financially self-sustainable – like businesses. YSB was co-founded by Saskia Bruysten, Sophie Eisenmann, and Nobel Peace Laureate Muhammad Yunus, founder of the microfinancing organization Grameen Bank as well as a variety of Social Businesses in Bangladesh and worldwide.
We at YSB are currently a team of 20 people with backgrounds in strategy consulting, venture capital, entrepreneurship, civil society, and international development. A social business ourselves, we report directly to Prof. Yunus, and we are part of the Grameen network of over 40 social businesses and more than 50,000 employees. Grameen/Yunus projects, in microfinance and in social business, have been implemented in more than 50 countries around the world. Our main office is in Frankfurt, Germany; our country offices include Albania, Haiti, and Brazil, with two more country offices (Tunisia, Togo) to be opened in the near future.
We have two main fields of activity: Implementation and management of Social business incubator fund and social business movements, and Social business advisory services. Activities in the area of Social business incubator fund specifically are the following:
We design and implement programmes to generate, strengthen and scale up social business ideas in a defined geographic area (country, region or city).
The cornerstones of each programme are a social business incubator (e.g. identifying and helping to develop high-potential social business ideas or pilots) and an investment fund for social businesses (the methodologies are similar to those used by venture capital).
We also deploy social business plan competitions and other activities that help to generate awareness and enthusiasm, and ultimately feed into the pipeline of new social business entrepreneurs and projects
We are currently implementing incubator funds / movements in Haiti, Albania, Colombia, India, Brazil, Tunisia, and Uganda.