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Being a social entrepreneur requires more than good intentions and resilience. Like any company, social enterprises need planning, a solid business model and cooperative networks. Through initiatives like The Global Good Fund and its support, social entrepreneurs are empowered and have access to tools to develop their businesses and become global leaders, bringing positive changes to the world. Carrie Rich, GGF’s CEO spoke to Horyou Blog and announced that applications are open for the 2018 Fellowship.

Global Good Fund fellows
Global Good Fund fellows

What is the scope of The Global Good Fund’s work?

The Global Good Fund develops social entrepreneurs into impactful global leaders through its Fellowship Program. Each Fellow is paired with a c-suite executive who serves as mentor, and is provided proprietary leadership assessment resources, a network of peers, sector expertise, and targeted financial capital. The result is confident leaders who scale their social enterprises and deliver sustainable positive social impact. We believe growing leaders is the most effective strategy for solving complex social problems and achieving global good. The Global Good Fund is currently seeking social entrepreneurs for its 2018 Fellowship Program -Apply Now.

As a social entrepreneurship supporter and accelerator, what would you say are the biggest challenges to be a social entrepreneur?

The two responsibilities that I focus most on as a social entrepreneur are similar to how a traditional entrepreneur spends her time. I focus on our people internally and growing our revenue model. We are fortunate to have an incredible team of dedicated professionals who consistently go above and beyond to support each other while serving the social entrepreneurs we are privileged to support. That culture does not happen by accident, rather our people are a core component of The Global Good Fund that require attention and nurturing over the long haul. Second, we are committed to growing our earned income so that we are financially viable long term. It’s exciting to find mission aligned methods to sustain our organization in addition to philanthropy.

The Global Good Fund focus in leadership development
The Global Good Fund focus in leadership development

What are the main aspects of a social business you evaluate in order to give it support?

We focus on the leadership development of individuals as the vehicle for growing social businesses. We look for social entrepreneurs who are full-time committed to their work, have enough “ego-strength” to stand by their convictions, and enough humility to be coachable.

Are you committed to the Sustainable Development Goals or do you address some of the SDGs with your projects?

We are not explicit in our commitment to the SDGs. We are philosophically aligned in that several of the social entrepreneurs we support lead enterprises that address the SDGs by focusing on health, poverty alleviation, gender equality, education, energy and water sanitation.

Global Good Fund
Global Good Fund

How do you see the future of social entrepreneurship?

Many of my peers (millennials) aim to work for companies that have strong social values. Others are creating their own businesses when employers don’t meet social enterprise standards. I imagine a rich future wherein social values permeate business culture as millennials assume leadership roles.

On its social platform, Horyou connects thousands of social entrepreneurs, philanthropists and organizations around the world. In your opinion, what’s the importance of social networks for social entrepreneurship and, particularly, for The Global Good Fund’s work?

The Global Good Fund brand and community is largely built on social networks. We thrive as an organization when we connect with partners around the globe who share our commitment to growing high potential young leaders who are using business for social good.

Horyou is the Social Network for Social Good, which connects, supports and promotes social initiatives, entrepreneurs, and citizens who help the implementation of the Sustainable Development Goals to build a more harmonious and inclusive world. We invite you to Be the Change, Be Horyou!

    SIGEF2016
    by Horyou, One Step Further Towards Social Innovation with Global Ethics
    PR_application-01_03
    Geneva, November 2016 — “Shaping better times to come,” the third edition of the Social Innovation and Global Ethics Forum, called for climate friendly action and policies, in resonation with COP22, as well as socially inclusive sustainable innovation and community empowerment solutions that would help shape a fairer future for Africa and the rest of the world. Organized from 9-11 November by Horyou at the Marrakech Palais des Congrès, SIGEF 2016 engaged a diverse audience and gathered internationally renowned speakers, along with more than fifty NGOs and project holders from all over the world who furthered the UN Sustainable Development Goals (SDGs) and highlighted Horyou’s values of positivity, diversity and Social Good.

    Yonathan Parienti, founder of Horyou, opened the forum, with guests HRH Prince Nawaf bin Saad al Saud, Chairman of the Al-Hilal Saudi football club, H.E. Mrs. Rosalie Matondo, Minister of Environment of the Republic of Congo, Dr Ali Bin Samikh Al Marri, Chairman of the National Human Rights Committee (NHRC) in Qatar, and Yasuhiro Yamamoto, Vice- President of Eneco Holdings and Founding Sponsor of SIGEF. “We are immensely pleased to host such a richly diverse assembly of entrepreneurs, officials and organizations who, together with Horyou, are supporting COP22 and helping advance the UN Sustainable Development Goals”, stressed Yonathan Parienti in his speech.

     SIGEF 2016 opening
    Opening ceremony of SIGEF with Yonathan Parienti, Founder of Horyou, H.E Rosalie Matondo, Minister of Environment Republic of Congo, Dr. Ali Bin Samikh Al Marri, Chairman of the National Human Rights Committee (NHRC) in Qatar, HRH Prince Nawaf bin Saad al Saud, Chairman of the Al- Hilal Saudi football club and Yasuhiro Yamamoto, President of Eneco Holdings.
    The first day addressed the infrastructural aspects of a competitive and sustainable Africa, covering crucial issues such as access to health services and drinkable water in developing areas, innovative agriculture and new private sector trends to accelerate sustainability. The idea of an autonomous Africa developing local solutions for local problems was defended by many speakers. The role of Morocco in the implementation on the continent of increasingly innovative green economy was presented by the Minister of Urbanism and National Land Settlement of Morocco, Mr. Driss Merroun, who promoted clean biotechnology as a viable alternative that ensures human rights and prepares for a more inclusive future.

    On the second day, renowned specialists, entrepreneurs and investors in the fields of clean infrastructure and fintech spoke of energy, transportation, funding and showcased construction various projects for the Cities of Tomorrow. Alejandro Agag, CEO of Formula E Holdings, talked about e-powered racing vehicles and the important role they can play in providing a model for the private vehicles technology of the future, affirming that “through sport, we can make a change for good”. Mr. Yamamoto, VP of Eneco Holdings, presented energy solutions that reduce CO2 emissions by 50%, declaring that “the concept that enriches the people’s everyday life, from a consumer’s point of view, enables for both high- tech and the environment to co-exist”.
     
    Social media has the capacity to unite and engage people towards a meaningful cause. Campaigns like #Lovemyclimate are perfectly suited to promote positivity and climate actions all over the world. 
    Yonathan Parienti
    CEO, Horyou

    The closing day gathered artists, innovators and NGOs to discuss the power of technology, gender equality and arts for Social Good. The general director of Maroc Numeric Fund, Dounia Boumehdi, insisted that governments should invest in infrastructure to provide more resources to African businesses, especially startups, while Lamia Benmakhlouf, CEO of Technopark, defended public-private partnerships for tech projects on the continent. In the afternoon, the panelists showcased initiatives and projects which champion access to education and gain independence and confidence for women and communities. Carla Ortiz, made a passionate presentation of “Voices of Syria”, a movie she directed, and defended the idea that women should be valued for their own potential and not their differences with man.

    Later that day, access to land, innovation and sustainable farming in Africa were the main topics of a panel that showcased authors, organizations and state-of-the-art business cases. Inaugurating the session, Mrs. Ismahane Elouafi, Director General of the ICBA – International Center for Biosaline Agriculture NGO, warned that innovation is a misconception that is not only concerned with high-tech processes, but also business models and social networks and voiced her strong belief that “the future of farming is in Africa”, and that “we can make it different and in our own way”.

    Just like its two previous editions, SIGEF 2016 hosted innovative project holders and NGOs that are active on the Horyou platform, most of whom operate on the continent, providing them with the opportunity to interact with the public, as well as entrepreneurs, philanthropists and other organizations.

    Building on the power of social media, Horyou also launched #Lovemyclimate, a digital campaign inviting youth and civil society to share sustainable actions and thoughts.

    SIGEF Awards
    The SIGEF Awards, which rewarded innovative projects presented during the 3 days of the forum, also took place at the Palais des Congrès, Marrakech, on November 11th. The ceremony acknowledged the efforts of all 20 projects, while the Jury Award went to El Pozo de Vida, an organization that takes care of victims of human trafficking in Mexico, notably via a virtual reality informative and educational program. Pocket Rocket, an affordable wood energy saving and low CO2 emission device made from cheap recycled paint pots was first runner-up, and Can Heat, a project from Réunion Island designed to generate energy from recycled everyday life materials was second runner-up. Last but not least, SIGEF 2016 recognized personalities and members who are active and inspirational within the Horyou community in such areas as Education (Nicole Jeffroy), Arts and Culture (François Maurel), Music and Culture (Dinar Hicham Soui), Humanitarian (Rakia Hanine), Health Empowerment (Maria Guzman), Social Inclusion (Najat Halmoud) and Women Empowerment (Carla Ortiz). SIGEF2016 is organized by Horyou and is the result of the collaboration with dedicated partners such as Founding Partners Eneco Holdings and Horyou Foundation.

    Media contact:
    Vivian Soares, Horyou Media Relations
    media@sigef2016.com
    +41 (0) 22 321 98 20
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    Social Good Summit cover

    One part of technology, two parts of social innovation, mixed with a generous deal of good intentions and a pinch of thoughtful investments: voilà! We have a recipe for successful social entrepreneurship. Horyou blog is media partner of the Social Good Summit, an impact investment and social innovation event which took place in Geneva on the 6th of October, during which we followed the journey of real-life changemakers and now share their stories!

    Organized by Impact Hub in conjunction with the United Nations Development Programme (UNDP), the one-day event was focused on promoting social entrepreneurship and impact investing for the achievement of the UN Sustainable Development Goals (SDGs). Dozens of entrepreneurs, investors, media and organizations shared success stories and inspiration to transform the world into a better place.

    The Social Good Summit took place at Impact Hub office, in Geneva
    The Social Good Summit took place at Impact Hub office, in Geneva

    The opening speech was delivered by Sarah Bel and Maria Luisa Silva, from UNDP who called for the engagement of all actors to pursue the agenda of SDGs. The private sector and innovators are key participants on this social good path as “we will need an incredible amount of innovation in the next 15 years, and that’s exactly what the private sector does better”, said Maria Luisa. Karen Wilson, from the OECD, asked: “Why invest in social innovation? Because it makes good business sense – it is an innovative and increasingly accountable way to diversify portfolios”.

    The Summit was then open to the real stories of young and brave finalists of Accelerate 2030, a social impact supporting program which received more than 177 applications from 10 countries. The 5 best projects were presented during the Social Good Summit. There were amazing stories such as Agruppa’s, a Colombian startup who has helped small food shop owners to buy 30% cheaper and be more competitive only by aggregating their demand in a mobile technology solution; or Ignitia’s, a tropical weather forecast company much more accurate and with a strong focus on small farmers from climate change vulnerable areas in Africa.

    Agruppa was one of the Accelerate 2030 finalists
    Agrippa was one of the Accelerate 2030 finalists
    All the entrepreneurs gave a short pitch to the audience and then answered questions about their business models, challenges, potential grey areas and future developments. All of them were looking for investors and shared their prospective plans with a very engaged public.

    Many of them face the challenge of maximizing their impact. “Good leadership, quick learning and simple business models are important drivers”, said John Ayliffee, CEO of Swiss Idea Box. Access to talent and to financing are also challenges, according to Krisztina Tora, from the UNLTD, especially in developing countries – difficulties like finding good back office professionals were mentioned by some entrepreneurs during the event. All of the speakers shared a vision for 2030: a world with equal opportunities for all social entrepreneurs, shared business models and markets. Deeper and broader positive impact on society.

    Ignitia provides weather forecast for tropical regions
    Ignitia provides weather forecast for tropical regions

    Investors also had the opportunity to express their views on innovative ventures. Bertrand Gacon, from Lombard Obier bank, sees mainstream investors increasingly accepting the idea of impact investments – he believes entrepreneurs still have to work on liquidity mechanisms to be more attractive. Katherine Millinga, from Schwab Foundation, added that social enterprises should leverage technology, distribution and aggregation solutions to attract more investors.

    Aymeric Jung, from Quadia, believes sustainable businesses are a matter of survival. “Impact investing is the new economy”, he said. Ivan Agabekov, from INOKS, explained impact is not a subcategory of investment – according to him, performance and impact should not be excluding.

    The Social Good Summit ended with their visions of the future – a more impactful one, with more innovative and profitable social entrepreneurs and a true aim to turn the Sustainable Development Goals into reality. Being a strong supporter of the SDGs, Horyou shares their views and believes that the future lies in social innovation & social good. 2030, here we go!

    Written by Vívian Soares

    Media for Social Impact Summit engaged businesses and journalists
    Media for Social Impact Summit engaged businesses and journalists

    On June 1st, the UN Office for Partnerships and Public Foundation hosted the Media for Social Impact Summit 2016 . The event brought together representatives of numerous companies working in the area of media for social good. During the day of intense collaborative work, notable speakers, such as Susan McPherson, founder and CEO of McPherson Strategies, Aaron Sherinian, Chief Communications and Marketing Officer at UN Foundation, and Sean Southey, CEO of PCI Media Impact, addressed the audience.

    The participants had the opportunity to watch vivid presentations featuring social good campaigns in video and song. A few panels addressing various aspects of media for social good focused on such topics as media corporations delivering socially impactful campaigns. It was emphasized time and again that the campaigns of media corporations within the sustainability space connect people with the entire planet, where economic growth and social progress are tied with sustainability. In the future, media companies and corporations will aim at promoting the SDG Agenda for Sustainable Development – a 15 year Agenda with 17 specific goals, including the issue of extreme poverty, eliminating inequalities, protecting the environment, promoting sanitation and clean water projects.

    Among several social good presentations, the AngryBirdsHappyPlanet campaign, organized in part by the UN Foundation, featured Angry Birds taking a very proactive stance on climate change. An important message was delivered in the presentation by the ASPIREist – “A feature news show empowering 21st century viewers to take action on issues that ‘matter to them’ ” (in the show some of the causes included Birthright and Transgender People’s Rights). An additional plenary session was devoted to “Amber Alerts” and saving lives in real-time by using media to make messages easily accessible and inspire the audience to action.

    The Summit took place at UN Headquarters in New York
    The Summit took place at UN Headquarters in New York

    The Conference featured a discussion around the power of using comics in conveying stories about SDG’s. Speakers also discussed the power of purposeful collaboration and communication; for example, emphasizing the importance of sustainability through film and music, creating digital platforms that encompass various communities. It was emphasized at the conference that in terms of measurement of success with global goals, the difference must be noted between activity and progress. Positive and meaningful dialogue around social good-related issues will lead to positive behavior and action; both dialogue and connection will be important for SDG’s. The conference additionally featured a discussion around innovation with impact. A call to action was made around increasing knowledge and implementation of SDG’s, especially with youth, as well as utilizing quantifiable metrics to measure success of SDG implementation.

    An important part of the conference was interactive brainstorming breakout sessions around the notion of effective multi-platform content and common language that needs to be established to communicate SGD’s and social good messages.

    Written by Elena Tarassenko

    A conference dedicated to the relevance of Sustainable Development Goals (SDG) for the Private Sector took place last Friday at the Palais des Nations in Geneva. The high-level event, in conjunction with the 2030 Agenda, was held by the United Nations Institute for Training and Research (UNITAR) in collaboration with the Rotary Club Genève International and the Geneva Chamber of Commerce, Industry, and Services. During the conference, a panel of experts representing the public and private sectors, as well as the Swiss Government and International Organizations, shared their opinions on why it is necessary to encourage companies to implement SDG in their business policies and how can it be done.

    The executive director of UNITAR, Nikhil Seth, kicked off the conference with a detailed presentation of the SDG. The 2030 Development Agenda was signed by 193 member countries on 25 September 2015. It includes a set of 17  SDG to end poverty, fight inequality and injustice, and tackle climate change by 2030. According to Nikhil Seth, SDG cannot be achieved without the businesses commitment.

    UNITAR CONFERENCE2

    But how can the private sector be encouraged to contribute to SDG achievement? Joakim Reiter, Deputy Secretary-General of the UNCTAD, sees a part of the solution to the problem in building an innovation system that would enable countries to absorb new technologies. This could be reached thanks to a network of incubators and clusters linking universities to the private sector.

    Implementing SDG collaboration between various institutions is essential, according to Monika Linn from UNECE (United Nations Economic Commission for Europe). “While developing standards and regulations, we are bringing together all stakeholders: businesses, academia and civil society”, she said. UNECE believes that by bringing all actors together, a multiple perspective with respect to the diversity of interests is built.

    Diverse thinking can be also applied to business models, according to Walter Gyger, who was speaking for Rotary International. He believes that the traditional business model is no longer an alternative. Companies need to focus not only on profitability but also sustainability and become more long-term oriented. In his opinion, no government can tackle the current problems alone, therefore all concerned parties, businesses, academia and civil society, have to contribute to the sustainability agenda.

    Horyou CEO, Yonathan Parienti, emphasized the potential of the global civil society, which is ready to bring the change. Horyou creates conditions to move the society forward while building bridges to connect people across countries and cultures. The progress toward sustainability will be pushed forward as investors will intensify their funding of social innovation. “We must support the innovators of tomorrow”, he concluded.

    Yonathan Parienti, CEO of Horyou
    Yonathan Parienti, CEO of Horyou

    So why are investors hesitating? Philip Moss from World Economic Forum explained: “Business representatives are anxious about implementing SDG and need assistance”. This phenomenon is evidenced in the context of investment in developing countries. Despite the high interest from investors and the attractive demographic conditions that promise huge market opportunities, companies estimate that the risk is to high in comparison to the expected ROI. A better business climate would encourage them to allocate more capital in developing markets. Those favourable conditions can be created by initiatives like Convergence, which is a platform that blends private, public, and philanthropic capital for the greater good. Convergence helps connect various investors for “blended finance” opportunities in emerging and frontier markets.

    Along the same lines, Marion Jansen, Chief Economist at International Trade Centre, brought up the need for support of the private sector. She thus focused on the role of small and medium-sized businesses which represent about 80% of business worldwide and 70% of global employment. “SMEs are much less productive than large firms and the wages are accordingly lower” she stated. A way to preserve the viability of the SME is to increase its productivity. This can be done through collaboration with private and public partners like the Chambers of commerce. It is crucial to provide clear guidelines to small and medium-sized companies and help them to comply with the standards.

    Wanda Lopuch, member of the board of directors at Global Sourcing Council, pointed out that language was another obstacle on the way to implementing SDG by private companies: “Unless we incorporate the language of business, which must include the word “profit”, we will be loosing tremendous opportunities”, she warned. According to Lopuch, the visionary and inspirational language of diplomacy used to communicate about SDG is not adequate to the private sector which prefers operational and measurable business terms. The communication style needs to be adapted to those recipients in order to make them feel like “SDG-owners” and to convince them to participate in the implementation of sustainability goals. She defined the expectations toward the private sector as «profit with purpose» that can be created through impact investment and financing high-risk businesses.

    The discussion was completed with the optimistic observation of Matthew Kilgarriff, Vice-President of Global Compact Network Switzerland, who reminded the audience that more than 8,000 for profit organizations are already allied with UN through their voluntary commitment to Global Compact. This proves that companies are willing to take this step to transform our world through principled business and “gives hope for a more sustainable future”, he concluded.

    Written by Joanna Kozik

      SEP, 2019
      SIGEF 2019 in Tokyo to Shape a Smarter Future
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      APR, 2019
      HoryouToken, The 1st Digital Currency for Inclusion and Advancement of the UN SDGs, Presented at the WSIS 2019 Forum
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      JUN, 2018
      Horyou ‘Blockchain With a Purpose’: A Token for Inclusion and Sustainability
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      MAR, 2018
      Horyou Presents Financing Alternatives for Social Good During WSIS 2018
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      DEC, 2017
      Horyou launches #HoryouLightChallenge to promote the UN Sustainable Development Goals (SDGs)
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      NOV, 2017
      Horyou revolutionizes philanthropy at the Global Entrepreneurship Summit
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      JULY, 2017
      Horyou’s 4th edition of SIGEF at EXPO 2017 in Astana, Kazakhstan
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      NOV 2016
      SIGEF 2016 by Horyou, One Step Further Towards Social Innovation with Global Ethics
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      SEPT 15, 2016
      SIGEF2016: A call for commitment, action and innovation
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      SEPT 15, 2016
      Horyou Announces SIGEF 2016, a leading side event of the UN Climate Change Conference COP22
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      FEBRUARY 18, 2016
      Horyou launches the first Global Social Currency
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      NOVEMBER 2, 2015
      SIGEF 2015, Shaping Better Times to Come, Concludes with a Global Call to Action
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      OCTOBER 22, 2015
      Shyla Nelson of One Earth. One Voice. Brings Her “Singing Revolution For the Planet” to SIGEF2015
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      OCTOBER 19, 2015
      Chad Harper of Hip Hop Saves Lives Brings Positivity to the Social Innovation and Global Ethics Forum (SIGEF2015)
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      OCTOBER 14, 2015
      SIGEF2015, Opening New Horizons in Social Innovation
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      OCTOBER 8, 2015
      Stephen Ritz of Green Bronx Machine to Speak at the Social Innovation and Global Ethics Forum (SIGEF2015)
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      AUGUST 12, 2015
      Connect for Good in Real Time with the Horyou App
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      JULY 23, 2015
      Horyou’s Social Innovation and Global Ethics Forum – Shaping Better Times to Come
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      JUNE 19, 2015
      Horyou encourages Youth Positivity and Solidarity at UNESCO
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      JUNE 3, 2015
      Social Good’s Premiere Event Makes its Debut at Cannes with Horyou
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      MAY 29, 2015
      Horyou Foundation hosts gala dinner at Cannes to promote its mission of Social Good
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      MAY 18, 2015
      Horyou Foundation to host a Gala Dinner featuring Chef Marc Veyrat
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      MAY 14, 2015
      Horyou Village welcomes international media and cultural partners at Cannes
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      MAY 7, 2015
      Horyou to Feature Five Global Cause Days at the 2015 Cannes Festival
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      APRIL, 8th 2015
      Horyou Brings Social Good to the Forefront of the 2015 Cannes Festival
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      DECEMBER, 12th 2014 Horyou, the Social Network for Social Good, Launches its Social Web TV
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      NOVEMBER, 3rd 2014
      Horyou, the Social Network for Social Good, Organized the First Edition of the Social Innovation and Global Ethics Forum
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      OCTOBER, 21st 2014
      Opening Day: The Social Innovation and Global Ethics Forum (Sigef 2014) is Here
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      OCTOBER, 16th 2014
      SIGEF 2014: Ready to Convene Socially Innovative Workshops and Cultural Hub
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      OCTOBER, 8th 2014
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      SEPTEMBER, 16th 2014
      The Social Innovation and Global Ethics Forum (SIGEF 2014) Announces its Calls for Socially Innovative projects
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      JUNE, 18th 2014
      Horyou, the Action Oriented Social Network for Social Good Announces SIGEF 2014English
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      DECEMBER, 18th 2013
      Horyou, a New Internet Philosophy is on its way
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