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UNC students shape businesses to fill social needs | MyFOX8.com ...

Posted on: 1:51 pm, September 26, 2012, by Joe Borlik, updated on: 02:18pm, September 26, 2012

UNC Chapel Hill stock photo

CHAPEL HILL, N.C. ? North Carolina?s public university system is trying to show off its 17-campus emphasis on pulling concepts out of classrooms and into commerce.

The first North Carolina Social Business Conference on Thursday in Greensboro aims to boost a hybrid of business and charity that?s getting more attention since the Great Recession highlighted that free markets cannot provide all society needs.

The competition at North Carolina A&T State University in Greensboro pits 31 student-led teams developing the equivalent of economic perpetual-motion machines.

The teams are presenting business plans explaining how they would build a profit-making enterprise generating cash to help retrain the unemployed or feed the hungry.Social businesses are part of the spread of the business values of innovation and financial discipline into government and charities.

Credit: The Associated Press.

Source: http://myfox8.com/2012/09/26/unc-students-shape-businesses-to-fill-social-needs/

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