SBYS 2019 held in Manila, Philippines with new wave for social change initiatives

Social Business Youth Summit is an annual event initiated by the Social Business Youth Alliance to connect global youth with social businesses.

Social Business Youth Summit 2019 was held from March 22-23 in Manilla,Philippines with the engagement of youth for deeper understanding of social business in the presence of social business experts and leaders around the world. With the presence of more than 500 attendees, 50 start-ups and 35 speakers, this vibrant event was organized by Social Business Youth Alliance (SBYA), co-hosted by Grameen Australia and De La Salle College of Saint Benilde. SBYA has been organizing this summit in national platform since 2014, but this year the summit is extended in international spectrum for the second time after SBYS 2018 Bangkok. In this summit, the youth were invited to create effective economical advances by diminishing poverty and thus, creating sustainable change.

The event is underpinned by Sustainable Development Goals (SDG) specially those 17 goals which aim to end poverty. The eradication of poverty and creating employment for the poor people are envisioned by keynote speaker of the summit; Dr. Muhammad Yunus who believes that social business is creating new global development weave. Budding young social entrepreneurs around the world share their ideas for cost-effective and feasible business ideas in the two days event. Other keynote speakers of the event was Lamia Morshed, Executive Director, Yunus Center; Peter Hunt, Chairman Grameen Australia, Dominique V Dauster, Managing Director, YY Foundation;Shazeeb M Khairul islam, Founder of Social Business Youth Alliance and YY Goshti; Brother Dennis Magbanua FSC, President De la Salele College of Saint Benilde, Akkie Okma, Executive Coach and Counsellor Okma Advice and many other social influencers.

The summit was inaugurated by Pia Bernadette Roman Tayang, Managing Director of the Central Bank of the Philippines while Ms Lamia Morshed, Executive Director of Yunus Centre was the Opening Speaker. In her speech Ms Morshed emphasized that the future of the Philippines and the world is in the hands of youth.‘You,the youth, are the ones that can make change happen’,she relies on the young investors for sustainable development of the society.

The keynote speaker of the summit Prof. Muhammad Yunus shared the importance of social business and entrepreneurship and how it can add value in the dynamic of the poverty reduction. The speech was initiated after the launching of his book on the importance of social business,‘The World Of Three Zero’. Focusing on the importance of social business, he said,”If a human being can be selfish and selfless, then obviously you must have two kinds of business. Selfless business is about solving other people’s problems. This is the kind of business we call social business”. In addition to that, professor Yunus signed an MOU with Foundation University, Negros, Phillipines to establish first Yunus Social Business Center in Phillipines.

With the presence of business experts and leaders, panel discussions on supporting innovation of youth and building up their skills, innovation in education and many other impactful topics were held in this two days conclave. In the session, ‘Social stigma imposed on women and girls’,the panelists focused on tackling challenges as working women and securing the dream to excel. The session on ‘Creating an ecosystem for innovation and social change’ was featured on knowledge sharing, network building and driving the youth for social business and creating sustainable impact in the society. ‘You can combine the head of business thinking with the heart of social change” Peter Hunt, chairman of Grameen Australia inspired young entrepreneurs to solve social problems through innovative ideas.

In his engaging session on ‘Innovation In Education’ Brother Dennis from De La Salle-College of Saint Benilde discussed on social innovation in education sector. The session was applauded by the audience. In the last panel session, 5 young entrepreneurs from different fields shared the difficulties they face every day. They also discussed the suggestions for new entrepreneurs to create an entrepreneurial ecosystem.

In his closing speech, Shazeeb M Khairul Islam thanked De La Salle College of Saint Benilde and Grameen Australia for hosting the summit. He also bestowed a token of thanks to Yunus Centre for all the inspiration, support and guidance and also thanked the Department of Foreign Affairs and Trade FTA and Negros Women for Tomorrow’s Foundation for sponsorship. He conveyed gratitude to One Young World, Thompson Reuter’s, Global Shapers, Future City Summit, Jamroll Limited, makesense and Facebook for helping to build a wonderful community of young people passionate about social change in the Asia Pacific region.