Written by Pacific Coast Business Times
Nobel Peace Prize laureate Muhammad Yunus launched the California Institute for Social Business at California State University, Channel Islands, on Feb. 26. The first of its kind, the endeavor will â€œmake it clear to people what a social business is,â€ Yunus said.
A university is not â€œnot just a think tank â€” it's also an action tank,â€ Yunus said at a press event prior to delivering his speech to a full house of 1,800 at the Thousand Oaks Civic Arts Plaza.
The institute, which has been in the works for several years, aims to revolutionize the business curriculum at CSUCI and serve as a catalyst for similar institutes at other schools. It seeks to introduce students to the challenges of poverty and environmental problems and teach them to create market-based solutions. It will include student-run social businesses funded on a model similar to Yunus' Grameen Bank.