Venture Field: Youth Volunteer Service
Year of Venture Launch: 2004
Name: Tony
Role in the Venture: Founder and Editor-In-Chief
Venture Description: Solutions Magazine is a student-driven and student- oriented non-profit publishing group. Solutions Magazine is a free online and print publication on social entrepreneurship designed for students and members of the general public interested in social entrepreneurship. Our organization disseminates news, events, and job opportunities and organizes podcasts in dorms to spread the philosophy and ideas of social entrepreneurship.
Venture Origin: As a freshman, I took a course on social entrepreneurship. Being really excited about the idea, I had conversations with fellow students, trying to explain to them what social entrepreneurship was all about. Realizing that I couldn't talk to everyone, I started a publication on social entrepreneurship to reach the entire Stanford campus
Innovation: Our venture increases student awareness and involvement in internships, courses, and other opportunities related to social entrepreneurship. We make it easier for social enterprises to recruit students for their initiatives, instructors to recruit students for their classes, students to access easily accessible information, and help build the field of social entrepreneurship.
Impact
Impact: We've had over 10,000 unique visitors to our site since we started measuring our website statistics in August of 2005. Currently, we have posted over 200 entries, over 500 individuals have signed up on our direct mailing list (22 via RSS), and over 1000 people have watched the videos we have uploaded on YouTube. In addition, we've connected numerous students to part-time and full-time opportunities in social entrepreneurship.
Engagement with the community: We've partnered with student groups, professional
organizations, and campus centers to make their content
available online. In addition, this year we will be
launching with other organizations a podcasting initiative
in the dorms to help publicize social entrepreneurs and
their work to more students on campus.
Impact and engagement progress since launch: After going through a due diligence process in 2003 and
receiving seed funding from Youth Venture and others in
2004, our group began the process of building a
sustainable student group. In 2004, we launched the beta
of our website and went public in 2005. In 2006, we
published our first print issue, printing 4,000 issues
and directly reaching every one of 1,600 incoming freshmen.
Impact and engagement strategy: Part of our focus has been to ensure that our organization
is sustainable. To that end, we have been using a blog and
a wiki to maintain our institutional memory. Furthermore,
we are constantly thinking about new and innovative ways
of reaching our audiences. We first worked on a print
issue to reach students on campus, moved online to reach a
wider audience, and then started podcasts.
Awards: BASES (Business Association of Stanford Engineering
Students) 2nd Place ($2000) - Social Entrepreneurs
Challenge (Social Venture B-Plan Competition)
Budget
Amount of Youth Venture seed grant: $1000
Money raised: Our funding also comes from the $2,000 award we received
from the BASES Social Entrepreneurs Challenge and the
$4,000 annually we receive from the Publications Board at
Stanford University.
Creative ways of raising resources: We participated in a social entrepreneurship comeptition
that not only provided us a grant, but also helped our
team define our vision and strategy. We also have
contacted professional writers who have written articles
for us and use the many resources we have as students of
Stanford University.
Strategy
Expansion plan for next 6 months: Our plan is to develop our podcasting initiative at
Stanford and possibly work with Innovatorz.org and eonfire
to bring our podcasting initiative to other universities.
Plans for sustaining the project: We have ensured that our venture is sustainable by
designing our venture to be easily maintained by one or
two people while at the same time be easily expandable.
Furthermore, our funding source is stable since it comes
from the university and our expenses are low.
Vision for three years from now: I would like to see Solutions Magazine be a key player in
the field of social entrepreneurship by increasing student
awareness of social entrepreneurship. I believe that
increasing student awareness of social entrepreneurship
will lead to exponential social return. The vision for
Solutions Magazine is to be a well-known and valuable
resource for students interested in social
entrepreneurship.
Project impact: When I was a freshman, the field of social
entrepreneurship was an emerging field with few resources
that provided easily accessible information as to what
social entrepreneurship was and how one could become
involved in social entrepreneurship. Out of this
frustration came an opportunitiy to build Solutions
Magazine, which has become a leader in providing easily
accessible content in social entrepreneurship. Students at
Stanford and elsewhere now have the ability to visit our
site, learn what social entrepreneurship is, and get
involved through the many different social
entrepreneurship opportunities we publicize. Furthermore,
not only do we make it easier for students to find
information, but we also make it easier for social
enterprises to recruit students and hire valuable talent.
Youth Venture movement - what it means and how you can contribute: It means a great deal to be part of a growing movement of
young social entrepreneurs that are committed to social
change. Personally, I find it comforting to know that
others are as deeply committed to making a difference in
the world. We, as Solutions Magazine, hope that we can
contribute to promoting the Youth Venture movement by
inspiring more young individuals to become involved in the
youth social entrepreneur movement and making it easier
for people to learn about what it means to be a social
entrepreneur.
Author:
Tony
United States
Website: www.tonywang.info