Humane Entrepreneurship and the United Nations Sustainable Development Goals

Humane entrepreneurship is an approach to business that places equal importance on social and environmental impact as it does on financial profit. The United Nations Sustainable Development Goals (SDGs) are 17 global goals that aim to promote sustainable development and address various social, economic, and environmental challenges facing today’s world.



Humane Entrepreneurship:

Humane entrepreneurship is a concept that emphasizes the importance of social and environmental impact as well as financial profit. The primary goal of compassionate entrepreneurship is to create socially and environmentally responsible businesses while being economically viable. Humane entrepreneurs aim to create products or services that benefit society and the environment while ensuring their business practices are ethical and sustainable.

Humane entrepreneurs use various strategies to create social and environmental impact. For example, they may focus on creating products or services that promote sustainability, such as renewable energy, eco-friendly products, or sustainable agriculture. They may also prioritize social impact by creating products or services that address social issues, such as poverty, hunger, or access to education.

Humane entrepreneurs may also implement sustainable and ethical practices throughout their supply chain. For example, they may use environmentally friendly materials, reduce waste, and ensure fair labor practices. Doing so can positively impact the environment and society while building stronger relationships with customers and stakeholders.

UN Sustainable Development Goals:
The United Nations Sustainable Development Goals (SDGs) are 17 global goals that aim to promote sustainable development and address various social, economic, and environmental challenges facing today’s world. The SDGs cover many issues: poverty, hunger, health, education, gender equality, clean water and sanitation, affordable and clean energy, sustainable cities and communities, responsible consumption and production, climate action, and more.
The SDGs provide a framework for businesses to align their strategies with global sustainability goals. By incorporating the SDGs into their business practices, companies can positively impact society and the environment while achieving financial success. For example, companies can focus on creating products or services that address specific SDGs, such as reducing poverty, promoting gender equality, or reducing greenhouse gas emissions.
Businesses can also use the SDGs to guide sustainable and ethical practices throughout their supply chain. For example, they can use renewable energy sources, reduce waste, ensure fair labor practices, and prioritize responsible consumption and production.
How Humane Entrepreneurship and the UN SDGs are Connected:
Humane entrepreneurship and the UN SDGs are closely connected, aiming to create a more sustainable and equitable world. By incorporating the SDGs into their business models and practices, humane entrepreneurs can positively impact society and the environment while achieving financial success.
Humane entrepreneurs can use the SDGs to guide the creation of products or services that address specific social and environmental issues. For example, a humane entrepreneur may focus on creating a product that addresses the issue of hunger by using sustainable agriculture practices. By doing so, they can positively impact society while also creating a profitable business.

Humane entrepreneurs can also use the SDGs to guide sustainable and ethical practices throughout their supply chain. By prioritizing fair labor practices, using environmentally friendly materials, and reducing waste, they can positively impact the environment and society while building stronger relationships with customers and stakeholders.

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Evaluating the Impacts of SME and entrepreneurship policies



Is SME and entrepreneurship policy having its intended effects? Do the benefits of specific programmes justify their costs? Could these benefits be achieved more cost-effectively through alternative approaches? Evaluation provides the key to answering these questions, by determining the relevance, efficiency and effectiveness of a policy or programme in relation to its objectives.


This is particularly important in the field of SME and entrepreneurship policy because questions can legitimately be put as to whether current SME and entrepreneurship policies are fit for purpose, or whether changes are needed in its scope and focus.  For example, does the policy mix need to be adjusted or do the enterprises and entrepreneurs targeted need to be modified?


However, reliable impact evaluation is rare in the field of SME and entrepreneurship policy, and less common than in fields such as labour market policy. This remains the case, despite recent improvements in available data and methods for evaluation. One of the reasons is a lack of widespread knowledge among policy makers about how reliable impact evaluation should be taken. 


The just-published OECD Framework for the Evaluation of SME and Entrepreneurship Policies seeks to address these issues by making two major contributions. First, it sets out how to achieve reliable impact evaluation in SME and entrepreneurship policy, including offering a six-step scale to judge the reliability of any evaluation or evaluation method. Second, it provides a summary of what is known about policy impacts from international meta-evaluations and a selection of reliable individual evaluations in the field, spanning a wide range of policy areas and OECD countries. 


This event will launch the OECD’s new Framework for the Evaluation of SME and Entrepreneurship Policies and Programmes, including its messages for evaluation methodologies and learning from the findings of previous evaluations. It offers the opportunity to get involved in debate and discussion with a range of constituents from the OECD and ICSB communities on this important topic. The issues that will be covered include:

  • What are the features of reliable impact evaluation?
  • What is the evidence from past evaluations?
  • What are the lessons for future policy design and evaluation practice?

ABOUT Our Partners

The OECD Centre for Entrepreneurship, SMEs, Regions and Cities provides comparative statistics, analysis and capacity building for local and national actors to work together to unleash the potential of entrepreneurs and small and medium-sized enterprises, promote inclusive and sustainable regions and cities, boost local job creation, and support sound tourism policies. 

For more information, contact

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A Guide to WomenPreneurs

How to Get the Funds You Need as a WomenPreneur

There are many ways for womenpreneurs to get a jump on funds to start or grow their businesses. Funding options include traditional bank loans, venture capital, angel investors, and more!

Finding out which funding option is right for you depends on your business goals and stage of development. It’s essential to research the costs associated with each type of funding and what conditions might be attached to your options. Here are some ideas on where to start when looking for money to begin your next business venture or help your current business grow!

The challenges womenpreneurs face when seeking funding.

Womenpreneurs often find it more difficult than their male counterparts to secure funding from investors. There are several reasons for this, including that women in business are less likely to be taken seriously by potential investors, and they’re typically asked to prove their business acumen and financial stability. Women must overcome this authority gap if they want to succeed in growing their businesses.

To overcome this gap, you’ll need to understand and be able to explain the ins and outs of not only your daily business operations but other businesses within your industry. Have answers in mind to questions such as:

  • How does your business make a profit?
  • How do your company and industry employees typically write and manage a budget?
  • What is your business strategy, and how do you choose based on your plan?

If you have brief answers to any of these questions that often come up, you’ll be able to make more people sit up and listen when it comes to finding funds to run your business.

How to find the right funding source for your business

There are several funding sources for female-owned businesses. The Small Business Administration (SBA) offers several loans and grants specifically designed for women entrepreneurs, including the Women’s Entrepreneurship Development Program Loan and the 8(a) Business Development Program. Other means of funding include venture capitalists, angel investors, or asking friends and family for help.

More traditional routes to finding funding options for female-run businesses involve expanding into more inclusive approval structures. This includes small business loans from many big-name banks and credit card companies that offer higher rewards and cash back if you use their card on purchases from women-owned small businesses.

Regardless of your funding option, it’s essential to research to find the right funding source that will meet your needs and fit your business plan accordingly. Weigh your options and decide whether you can afford to borrow money or need to start with grants or crowdfunding first.

What to do when your application is rejected

When your loan application is rejected, don’t give up! You can do many things to improve your chances of approval the next time.

Find opportunities to participate in organizations such as the International Council for Small Businesses (ICSB) and attend conferences where you can network with other womenpreneurs. By joining in with other like-minded business owners who know and experience the same struggles you face, you’ll find a meaningful support group. Often, you’ll find peers who have reached their business goals and want to invest in other women to help raise them to the same level of success!

Approach the friends, family, and fools (FFFs) in your network and see if they’re able and interested in investing in your business to help get you off the ground or through a difficult stage of growth. Don’t feel like you’ve failed if you have to take this approach! You’ll be among the 35-40% of startups and businesses that raise money similarly.

How to negotiate with potential investors

A few things to remember when negotiating with potential investors as a woman. First, be confident in what you’re offering, and make sure to set goals with realistic expectations. Be clear about what you need from the investor, and be prepared to answer any questions they may have. Most importantly, don’t be afraid to speak up for yourself – know your value and advocate for it!

Investors can be broken up into two groups: venture capitalists and angel investors. Going into a meeting with different investors will require different approaches. Here are two scenarios to keep in mind:

Venture Capitalists:

Often, a newer business looking to grow will seek additional help from venture capitalists. Show them how you’re managing your money. If they see you handling your finances well, they’ll see you as someone they can trust with their money in the form of investment. Return on investment (ROI) is your main focus here.

Angel Investors:

Startups often approach angel investors either right after or before opening their doors. In this case, showcase your team, the novelty of your business idea, and the potential traction your idea can generate. If they like your current energy and potential for growth, they’ll be more likely to invest in your venture.

Tips for creating a successful pitch deck

Going into an investor meeting can be nerve-wracking. If you’re worried about missing the mark when making a first impression, make sure to follow these four tips when putting together your pitch deck:

  • Make sure it’s visually appealing and easy to read. Use clear and concise language, and don’t overload the viewer with too much information at once.
  • Focus on telling a compelling story that showcases why your business is worth investing in.
  • Be clear about what problem you’re solving, how you’re doing it differently than others, and what kind of potential return investors can expect.
  • Always be prepared to answer questions from viewers of your deck! Anticipate common concerns and be ready to address them clearly and succinctly.

How to keep your business finances in order

Keeping your business finances in order is essential to ensure that your company remains successful. There are a few key things you can do to make sure this happens:

  • Make sure all expenses and income are documented and tracked correctly. This will help you understand how your company is performing financially over time.
  • Set aside money for unexpected costs or emergencies. It’s always important to be prepared for the worst-case scenario, even if it doesn’t happen often.
  • Make a habit of leaving yourself enough breathing room in the budget for unexpected minor expenses, so you don’t have to scramble for funds or rely on credit cards to carry you over from month to month.

Closing Thoughts

Womenpreneurs still face unique challenges when accessing capital and other financial support. This is especially true for women who operate businesses in traditionally male-dominated industries or sectors. To help level the playing field for womenpreneurs, we must continue working together to create policies and programs to support entrepreneurship among women!

Dr. Ayman El Tarabishy
President & CEO, ICSB
Deputy Chair, Department of Management, GW School of Business

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E-sports part of ICSB Academy

E-sports are a revolutionary industry that continues to grow in popularity worldwide, and they provide an exciting platform for teaching entrepreneurship. Over the last few years, the rapid growth of e-sports has been fueled by increased interest among players, teams, and back-office businesses. With that in mind, it is increasingly essential for educators to integrate the concept of entrepreneurship into their e-sports curriculum. ICSB is proud to announce, with our partnership with Gwangju City, that we will be adding e-sports into our World Congress Academy Program and hope it can be used to teach entrepreneurship, from exploring the industry landscape to developing strategies for success.

Gwangju City has also, with ESTV, decided to form a working council and jointly host world e-sports competitions, nurture, and exchange e-sports professionals, promote amateur e-sports competitions, and foster game developers.

Gwangju City and ESTV plan to hold a Korea-US esports university competition in connection with the ICSB World Congress to be held at the Kimdaejung Convention Center in July, as well as to co-host a world esports competition. You can click here to learn more about the new partnership.

Please complete the following Interest Form to learn more and potentially join the ICSB Academy World Cup event with your school.

Dr. Ayman El Tarabishy
President & CEO, ICSB

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Message from ICSB President

Message from ICSB President

Message from Dr. Ayman ElTarabishy

Dear ICSB Family,


We would like first to wish you all a Happy Holiday Season! We hope this time of year has gifted you and your family the time to rest, reflect, and recharge after this year’s challenges and uncertainties. As an organization built on a community foundation, we want to thank you for choosing to be a part of ours. Through this support, we can lead as an organization and propel our mission further together. 



Reflecting on 2022, I acknowledge the hardships, challenges, and recovery needed in SMEs, entrepreneurship, and personal lives. However, I also commend and appreciate how we have rejoiced together as a community. We found solace in this community which has continued to advance us forward. From our ICSB 2022 World Congress (being delivered in a hybrid format to promote global inclusion) to the ICSB100 Pledge (a pledge to respond to the need for transparency and swift communication in the professedly opaque publication process), together, we have continued to make this year count.



I like to specifically mention five critical accomplishments for 2022 that we should all celebrate:


ICSB on Capital Hill:  The 66th ICSB World Congress was held during the American Independence week celebration in Washington, DC. A significant part of this year’s event enabled MSME advocates, professors, business leaders, United Nations officials, and student leaders to make their voices heard. The venue for this forum was the United States Congress Ways and Means Committee Room on July 6, 2022.
– ICSB at the United Nations: ICSB was the first organization to hold an in-person event since Covid-19 at the United Nations on June 27, 2022, as part of MSMEs Day. ICSB’s message is clear, MSMEs are the first to move after any pandemic or war, and we need to support them more.
ICSB’s JSBM Journal Impact Factor rises to 6.881. In 2020, the JSBM impact factor was only 3.4. Yet, with new leadership since 2000 of Drs. ElTarabishy Eric Liguori and Katia Passerni, JSBM flourishes. We expect more growth and impact.
ICSB’s JSBM’s Female composition of Associate Editors is number one across all academic management journals. In addition, ICSB’s JSBM has the highest female entrepreneurship research faculty percentage than AACSB averages and most academic management journals. We are now the leaders in this area, as we should be. Thanks again to the leadership of Drs. Katia Passerni and Eric Liguori.
ICSB returns to Argentina (Rosario), ICSB’s last event in Argentina was in 2017, and we returned after five years as part of the SME World Forum under Dr. Ruben Ascua’s leadership. ICSB, with the support of Argentina, created MSMEs Day in 2017.  Argentina and ICSB will always be connected because of our historic accomplishments at the United Nations.



We have achieved monumental tasks through education, engagement, and resilience together. Thank you all for the inspiration you have gifted us to continue moving forward. We will carry this as guidance for the new year and look forward to strengthening our relationship with every one of our ICSB Family members in 2023.



Best Regards,
Dr. Ayman El Tarabishy
President & CEO, ICSB

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