SELCO MD gets 'Social Enterpreneur Award'

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New Delhi, Dec 1 (UNI) Solar Electric Light Company (SELCO) Managaing Director Harish Hande has been named as the Social Enterpreneur of the year 2007.

Mr Klaus Schwab, Executive Chairman, World Economic Forum and Co-founder, Schwab Foundation for Social Entrepreneurship made the announcement today here.

As a Global Social Enterpreneur in the Schwab Foundation community, Mr Hande will now attend the World Economic Forum at Davos, providing unprecedented opportunities to engage with global decision makers from the public, corporate, media and academic sectors to strengthen and expand his/her model.

In addition the winner will be eligible to be named a 'Khemka Fellow' and receive a financial award of eight lakh rupees from the Nand&Jeet Khemka Foundation.

Speaking on the occasion, Mr Schwab said that social entrepreneurs are the innovators who are able to engage business in mutually beneficial ways that benefit both the bottom line and social or environmental issues.

''The Social Entrepreneur of the Year award seeks to highlight the contributions made by these outstanding entrepreneurs. We hope this will inspire others to either start a social enterprise or support one,'' he said.

Mr Hande has pioneered access to rural solar electrification for below poverty line families through a combination of customised home lighting systems, innovative doorstep financing, and an understanding of market needs of different user.

Thus far he has reached 80,000 clients across Karnataka and Kerala and has recently moved into Gujarat.

The Schwab Foundation for Social Entrepreneurship and The Nand&Jeet Khemka have collaborated with United Nations Development Programme and the Confederation of Indian Industry (CII) to select and award the Social Entrepreneur of the Year.

The Geneva-based Schwab Foundation is a sister organisation of the World Economic Forum. Through its Social Entrepreneurship awards, the Foundation provides a national platform to promote social entrepreneurship as a key element to advance societies and address social problems in an innovative and effective manner.

UNI

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