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In fall 2004, New York University’s Stern School of Business will launch a new program to train students and encourage development in the field of social entrepreneurship—the first such program in an American business school. Social entrepreneurship and its close cousin, venture philanthropy, regard profitability and social betterment as compatible pursuits. Through Stern’s new program, business students will compete for grant funds by submitting venture philanthropy proposals that will be evaluated in terms of both their potential financial and societal benefits. [04/26/04]

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