Wharton Announces Winner of the First Business Plan Competition Social Impact Prize
The Wharton School of the University of Pennsylvania announced that the inaugural Wharton Business Plan Competition Social Impact Prize has been granted to Susli Lie WG’14, team leader of Dana Cita, a loan platform targeting Indonesian youth. The Wharton Business Plan Competition, which is managed by Wharton Entrepreneurship, initiated the $10,000 prize this year. This new prize is awarded to the Semifinalist team that most strongly demonstrates social impact in their business model
Dana Cita means “Aspiration Fund” in Indonesian, and this education lending venture aims to empower Indonesian youths by providing loans to aspiring students, as well as connecting them to future careers. “Millions of youths in Indonesia, where I am from, aspire to a better future,” says Ms. Lie. “Through Dana Cita, we hope to make a difference and enhance the social mobility of many young people by funding these aspirations one at a time. It is a small step, but for a rapidly growing country that is as populous as Indonesia, we are hopeful it will be an impactful step.” Continue reading…
The Wharton School Welcomes the Vanguard Group as Senior Partner on the Pension Research Council
The Pension Research Council at the Wharton School of the University of Pennsylvania announced that the Vanguard Group, a PRC member since 1999, has rejoined the Council as a Senior Partner of the Council for 2014.
According to Stephen P. Utkus, Director of the Center for Retirement Research at the Vanguard Group, “The Pension Research Council of the Wharton School has made significant contributions to understanding how people worldwide prepare for retirement, and we are delighted to support this effort. We look forward to working with our academic and business partners to advance research, explore policy issues, and develop innovative approaches to retirement in the United States and abroad.”
Olivia S. Mitchell, Professor of Insurance/Risk Management and Applied Economics/Policy, and Executive Director of the Wharton’s Pension Research Council at the University of Pennsylvania, said: “The Council is delighted to continue its close research relationship with the Vanguard Group. We look forward to building new knowledge together on global retirement security.”
The Vanguard Group is one of the world’s largest investment management companies, with $2.5 trillion in U.S. mutual fund assets. Founder and former Chairman John C. Bogle, who, early in his career, attended classes at the University of Pennsylvania, is credited with the creation of the first index fund available to individual investors.
The Pension Research Council sponsors interdisciplinary research on private pension and social security programs, as well as related benefit plans in the United States and around the world. It supports scholarly research on global aging, successful retirement, and retirement income security while facilitating access to research and data critical to the investigation of retirement security. The council is committed to generating debate on key policy issues affecting pensions and other employee benefits.
