Social Entrepreneurship Summit (SES) to kick off Wednesday 24th May

May 23, 2017

Mongolia’s first Social Entrepreneurship Summit (SES) will take place in Ulaanbaatar on Wednesday May 24th at Diamond Hall, Bishrelt Hotel.

Initiated by Development Solutions, the event aims to promote social entrepreneurship in Mongolia, as well as support potential social entrepreneurs with mentoring and networking opportunities.

The summit brings together young entrepreneurs, government, business and international organizations, banks, non-financial institutions and other stakeholders in the expansion of social entrepreneurship in Mongolia.

Organizers include Youth Business Mongolia, Youth Business International, UnLtd, Global Social Entrepreneurship Network (GSEN) and the British Embassy of Ulaanbaatar, with support from the United Nations Development Programme (UNDP).

"We know there are Social Entrepreneurs out there. We have worked with them over the years. We can now work to bring out the best in them," said E. Bat-Orshikh, YBM Manager.

"Mongolians need a proper take-off for Social Entrepreneurship. We will have a clearer understanding of social business model development during this Summit."

Social entrepreneurship refers to entities with social or environmental causes at the core of their business models. Like any business, social enterprises aim to profit and pay dividends to shareholders, as well as reward their founders. However, much of their profits also go to social or environmental causes.

Beyond donations, social enterprises enhance their community in other ways, such as by using recycled materials and creating jobs for disadvantaged people.

Guest speakers at the summit include Peter Ptashko, a GSEN consultant who works on social entrepreneurship projects in Asia, Africa and Europe, along with Ahmed Al-aagam, a motivational speaker coach and award-winning social entrepreneur.

British Ambassador to Mongolia, Catherine Arnold, United Nations Resident Coordinator Beate Trankmann and local entrepreneurs will also speak at the event.          

“The private sector has a vital role to play in realizing Sustainable Development Goals to end poverty, reduce inequality and protect the planet by 2030,” according to Trankmann.

“Responsible businesses – such as social enterprises – must become the norm, if we are to achieve sustainable economic growth that includes every citizen.”

Social entrepreneurship is growing across the world, and the summit is expected to further its development in Mongolia.

For media enquiries, please contact:

G.Oyungerel, 9984-5496,, Youth Business Mongolia Programme

M.Guldauren, 9990-5995, Marketing and Public relations officer, Development Solutions

P. Jargalsaikhan 9913-5393,, UNDP

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