India

Horyou community is pleased to share an account of its major actions and events in 2017 while it is bracing for more in 2018!

Opening ceremony SIGEF 2017

The clock is ticking and it’s only a few hours before New Year’s Eve and our community is full of joy and excitement, both for the things it has fulfilled during the year that has just elapsed than for the ones it has got in store for 2018. We’ve lived so many things together, we’ve grown and learned from each other, we’ve made new friends and became stronger while welcoming new members and organizations! So, now is the time to remember and the time to look ahead!

Our ever-growing community is our first reason to rejoice! We have now broken the glass ceiling of 250,000 users and 1,500 organizations and attained a full global presence. Horyou is growing stronger in Asia, with a more effective presence in Japan, Philippines, Singapore and India. Yonathan Parienti, Horyou founder and CEO, has spent several months travelling through the region to share our community’s message of social good and to officially launch Spotlight, our global digital social currency for economic inclusion. This was achieved during the Global Entrepreneurship Summit, in India to highlight the fact that «Horyou values were more than welcome and that Spotlight can make a difference for many projects, organizations and change makers, in Asia and all over the world», as he put it.

Horyou at the GES!

It is in that context of expanding our community and extending our activities in Asia that SIGEF, the Social Innovation and Global Ethics Forum, was organized by Horyou in Astana, Kazakhstan, during the EXPO 2017. A landmark really! Through its several panels, SIGEF fostered the debate on some of the most crucial subjects of interest of our time, including smart cities, future energy and the UN Sustainable Development Goals (SDGs). Horyou also led an international and diverse delegation through EXPO 2017, focusing on the importance of clean and efficient energy globally.

And on the 18th of December, Horyou has launched the #HoryouLightChallenge, which aims to call everyone to join efforts in view of a swift and effective implementation of the SDGs. The concept of the challenge is to use social media to spread positivity, as well as social good actions and projects, and create a buzz around the many ways we can act to help the SDGs come true. The challenge is still on; click here to know more about it and have a chance to win an all-inclusive trip to SIGEF 2018 in Singapore next September.

Join the #HoryouLightChallenge!

 

Looking ahead, there is a lot more to come, all of which will be shared with you in the next few weeks. But one thing that you should be already saving the date is SIGEF 2018 will be held in Singapore, one of the most innovative and fast-growing cities in the world. Stay tuned.

Happy New Year!

Horyou team is at the GES!

The entrepreneurship world is moving fast and social innovation is now a matter of survival for most businesses. The level of personalities attending the Global Entrepreneurship Summit (GES) on its first day in the Indian city of Hyderabad, alongside Ivanka Trump, advisor to the President of the United States, and Narendra Modi, the Prime Minister of India, who took to the stage to address a large number of businesspersons and innovators before the international media, was a strong sign of the importance that social entrepreneurship has now reached economically, as well as politically.

On the 29th of November, today, the summit will hear Yonathan Parienti, founder and CEO of Horyou, the social network for social good, who will raise the attendees’ interest in the topic of “Go For It: Tapping Alternative Financing Solutions” and announce the official launching of Spotlight, the first digital currency for impact that supports philanthropy and economic inclusion. «We are very happy to share Spotlight with the world, a digital currency that we put the necessary time and effort to develop and test, and that aims to bring equality and inclusion for millions of people in the next few years », announced Parienti.

Narendra Modi at the GES

«Think how much better the world would be if all of us, men and women, are empowered to dream big, aim high, and work together towards a more just and prosperous future», said Ivanka Trump in her speech on the opening day. Spotlight is perfectly in line with that statement in that it has been developed to financially support organizations, projects and people whose work is aligned with the UN Sustainable Development Goals on empowerment. As economic inclusion is one of GES’s major themes, especially regarding empowerment and opportunities for women, Spotlight is to be showcased as an alternative solution, notably in generating social and gender equality.

Narendra Modi, Prime Minister of the inviting country, highlighted the importance of private investment on promoting sustainable growth, especially in areas like sanitation, transparent policies and entrepreneurship. “Invest in India, for India and for the world”, he summoned.

GES is on!

We will keep you updated on Horyou’s contribution to the summit on www.horyou.com and our social media channels.

The Global Entrepreneurship Summit (GES), an event co-organized by the United States Government and the Republic of India, will take place in Hyderabad, India, on 28-30 November. This year, it will highlight the theme Women First, Prosperity for All, and focus on supporting women entrepreneurs and fostering economic growth globally.

Acting Assistant Secretary for South and Central Asian Affairs Alice Wells delivers opening remarks at the U.S.-India Business Council Road to GES Entrepreneurship Conclave, U.S. Chamber of Commerce, Washington, D.C. (Photo: U.S. Chamber of Commerce)

A strong group of entrepreneurs, government officials and impact investing actors will attend the event, reflecting the GES diversity of cultures and expertise. The Summit aims to foster the conditions that empower innovators to take their ideas to the next level. Horyou will present aspects of its experience as a social network for social good, in resonance with this inspiring social innovation initiative. Yonathan Parienti, founder and CEO of Horyou, has been invited by the US State Department and its Permanent Mission to the United Nations in Geneva to attend the GES and speak for the network on the topic of “Go For It: Tapping Alternative Financing Solutions”. Before the international attendees, he will share his vision and perspective around the launch of Spotlight, the first digital currency for impact that supports philanthropy and economic inclusion.

With Spotlight, as well as its many other events and initiatives, and Foundation, Horyou supports the implementation of the 2030 Agenda of the United Nations Sustainable Development Goals, while aiming to provide philanthropic support to millions of social entrepreneurs, women, youth and social good projects.

Horyou founder and CEO Yonathan Parienti with members of the US State Department from the US Mission in Geneva

«It is a great credit to our efforts to be given such a unique opportunity to share with this international audience the disruptive innovations we have been working on over the past few years at Horyou to further social good and to set up more harmonious conditions for economic inclusion», says Mr. Parienti. «Horyou, the social network for social good, has many stories to disclose about inspiring women, with our member organizations, whose initiatives lead by example in shaping a better future for their communities », he adds.

The Global Entrepreneurship Summit is one of the most important annual entrepreneurship gatherings in the world in that it showcases the efforts of both emerging and developed countries to answer the challenge of furthering joint business opportunities worldwide. GES 2017 aims to create an empowering environment for innovators, especially women, to take their ideas to the next level. The Right Honorable Prime Minister of India, Mr. Narendra Modi, is expected to inaugurate the Summit on 28 November 2017 and Mrs. Ivanka Trump, advisor to the President of the United States on advancing policies and initiatives for women empowerment, is due to lead the US delegation. As she recently reminded the World Assembly for Women in Tokyo: «Ensuring 50% of our population can fully participate in the workforce is critical to strengthen our communities and grow our prosperity».

Ivanka Trump at the World Assembly for Women in Tokyo

GES participants will be supported by mentors and coaches, through workshops and networking sessions, and will be provided with opportunities to meet funders, build partnerships and find their target customers. Plenary sessions will highlight businesses led by women and their stories while master classes will discuss innovative topics as Blockchain, Fintech and e-commerce. «It is an amazing ecosystem to be part of and feel inspired by, due to the diversity of its participants. We will be there to speak the language of social entrepreneurship to shape a better future for the generations to come», concludes Yonathan Parienti.

Horyou blog will provide regular GES updates! Be the change, be Horyou!

Christine Lagarde, Managing Director of the International Monetary Fund.
Christine Lagarde, Managing Director of the International Monetary Fund.

Last weekend, the Indian capital of Delhi played host to a joint conference between the country’s Finance Department and the International Monetary Fund (IMF). The purpose was to examine the current position of India in the world economy and identify ways in which its socioeconomic situation can be improved to keep up with its economic growth.

India is one of the world’s fastest growing large economies and has the youngest, most populous workforce. This sole fact would put India streets ahead of any other country in terms of competitiveness. However, India is still a developing nation and faces huge societal problems such as poor corporate governance, rising inequality and an inefficient health care system.

Melinda Gates, co-chair of the Bill and Melinda Gates Foundation.
Melinda Gates, co-chair of the Bill and Melinda Gates Foundation.
Melinda Gates, co-chair of the Bill and Melinda Gates Foundation, made a speech outlining the foundation’s interest in India’s issues and the foundation’s pledge to help. “Our investments from the philanthropic point of view are focused on the needs in terms of poverty and inequality.” They realize that, although India may have a demographic advantage, economic opportunity must be created for everyone so that the true dynamism of the country can be captured and turned into prosperity for all.

India is 25 years into its structural reforms but statistics show that income inequality has actually worsened in this time. In defense of this, Prime Minister Modi said that “the reforms put in place in 1991 do not reflect the complex, global realities that we have today.”

As we are now globally interconnected, India is affected by volatile markets and capital flows, drops in commodities and geopolitical conflicts, but is it really as equipped as its more developed counterparts to deal with these issues?

At present, India is growing 3 times faster than its advanced neighbours. Nevertheless, this isn’t being translated into returns for the primary and manufacturing sectors because monetary and price policy are incompatible.

Thankfully, it seems that this is ringing home to the current Government. Indian Finance Minister Arun Jaitley said in his address that “India will make a big shift in corporate tax rates to remain competitive.”

Prime Minister of India Narendra Modi
Indian Prime Minister, Narendra Modi.
This will mean big concessions for service focused foreign companies, which will create jobs until the country is able to strengthen agriculture and factories.

This short term easing of monetary policy will at least mobilise the massive population eligible to work and allow them to internalise all of the opportunities that this global, interconnected market brings.

India is at an extremely decisive moment. It has all of the opportunity but also many obstacles. Initiatives such as that put forward by the Bill and Melinda Gates Foundation are essential to begin to fill in the cracks of this fragmented social base.
Voices of change like Horyou are important to bring the country into the global conversation. However, most importantly, multilateral cooperation from those in power is needed so that every person has the best chance of being a productive member of their society and the potential of India as a global growth market, is truly harnessed.

Written by Dearbhla Gavin

photo 3

By Vincent Magnenat

While traveling through India, Vincent from Horyou’s Geneva team decided to devote part of his trip to positive action. With his fellows Krishnamoorthy, Jagan and Vijay from Auroville/Pondicherry, they decided to set up a volunteer expedition to the steep, isolated mountains of the southern Tamil Nadu in order to provide some school furniture to the Kavunji School. This modest institution teaches children from seven neighbouring villages. Most of the time, the students have to walk 5 to 10 kilometers to reach it. After a 14-hour drive, the team arrived at the school, where a daily yoga-like exercise took place.

The team screened two Horyou documentaries. English wasn’t easy to understand for some of them, so they were asked in Tamil what they thought about the films. Regarding the one about Green Bronx Machine, the answers were astounding; they really grasped what this organization was trying to do. One student replied, “It’s about urban farming in order to teach children from the cities to understand and respect the nature and themselves. We should do the same here!”

Then the teachers started a contest among the children. India’s schools have a strong sense of competition as a means to stimulate the students. Ten children were selected to draw how they see their home. Those who didn’t manage to win a prize were given a pen and a piece of caramel. Vincent said the smiles were wonderful and will occupy his mind for years to come. Moreover, in the following two days cruising around the local villages, a host committee was always there to say hello.

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