Young entrepreneurs may have exerted their influence more than any other time in history over the last decade. From Facebook and Google to sports and entertainment, 20-somethings have been able to change the way we do business, communicate and blow off steam, all while amassing large sums of money.
However, not all young entrepreneurs are motivated to be the next Mark Zuckerberg. There are many young social entrepreneurs motivated to solve longstanding problems in their community and the world. It is not surprising that so many novel ideas for improving the world come from a segment of the population undeterred by outdated ways of thinking.
By focusing on the industries and markets that affect a large segment of the world’s population such a energy, healthcare, education and agriculture, young social entrepreneurs are at the forefront of the future global economy.
Here are nine companies started by millenials who are shaking things up.
1. Matt Rogers, co-founder of Nest
2. Maurya Couvares and Elizabeth Davidson, founders of ScriptED
Former teachers Maurya Courvares and Elizabeth Davidson founded ScriptED in 2012. They aimed to increase career opportunities in technology by offering computer programming classes in low-income high schools. ScriptED utilizes professional volunteers in the tech-industry to plan curriculum and tutor students. It currently has programs in two high schools in Harlem.
3. Josh Nesbit, founder of Medic Mobile
4. Sangu Delle, co-founder of Golden Palm Investments
5. Tom Szaky, founder of TerraCycle
Szaky came up with the idea to manufacture organic fertilizer from worm droppings while hw was a freshman at Princeton University. His company now produces sustainable fertilizer by feeding worms organic waste and repurposing waste materials for new use. TerraCycle is based in Trenton, NJ, and has operations in Norway, Spain, Germany, Ireland, Switzerland, Denmark, Israel, Belgium, Argentina and the Netherlands.
6. Chase Adam, founder of Watsi
7. Ajaita Shah, founder of Frontier Markets
Frontier Markets is a rural marketing, sales and service distribution company that offers access to affordable and quality consumer durables to low-income households in India. With the many millions of people around the world surviving on dollars a day, there is a huge market for clean energy products like solar lighting and smokeless stoves.
8. Nanxi Liu, founder of Nanoly Bioscience
Liu founded Nanoly Biosciences, which develops polymers to prevent denaturization of vaccines allowing them to be transported without the need of refrigeration, while still a student at UC Berkeley. In 2012, she founded Enplug Inc., which creates and manages a network of electronic billboards.
9. Eric Glustrom, Boris Bulayev and Angelica Towne, founders of Educate!
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