BAY AREA TAPFORUM generated interesting conversations and ideas for US to further test and develop
Name of Event: TAPForum
Date: November 2019
Venue: Hyatt Regency, Bay Area
Participants: 80 professionals including executives from companies, VCs, Impact Investors and Philanthropists
Goal: Delve into the big question of where Akshaya Patra should grow and how it should nurture that expansion.
This convening was an opportunity for individuals and organizations to contribute their skills, ideas and expertise to address some of the key sustainable development challenges faced in India, especially hunger and education.
To meet the U.N. Sustainable Development Goals (SDGs), we require the commitment and participation of the private sector. There is already an integration of creating value in organizations and responding to the needs of customers and society. We now need to find ways to integrate our work and social missions.
India ranks 102 out of 117 countries in the Global Hunger Index. Hunger alone is responsible for 50% of deaths in children. We need to take collective action to see change.
Millennials and GenZs want to work for mission-based companies that have a purpose. Corporations need to ensure that there are volunteering opportunities to inspire action towards social impact.
Partnerships between the private sector and NGOs could support the social impact focus of companies and conversely provide NGOs with access to skills, resources and ideas.
"From a social impact side, you are impacting lives of about 5 million people when you feed 1.8 million children. The community kitchen model gives local employment to women and youth and the meal also serves a big instrument for social-economic investment. The economy of location changes when a hot meal is provided."
- Shridhar Venkat, CEO of TAPF India
"Social Impact Investing is not a trend, it is the investing we all need to do for the future. For Impact Investors and Capitalists doing philanthropy and combining it with investing is a great continuum as we need to be progressing from generosity to justice. So, it is important to not just resolve the symptoms of injustice through charity, but we need to invest in those businesses that are at the root of solving inequality."
- Dulari Amin, Co-Founder of Synergy Ventures