Social entrepreneurship has emerged as a trend in modern business. Social entrepreneurship combines innovation, creativity and opportunity in order to address some crucial and critical social and environmental challenges. It is an altruistic form of entrepreneurship that aims at providing certain benefits to society.

A research article titled Social Entrepreneurship: An Emerging Trend in Business defines social entrepreneurship as the use of techniques by start up companies and other budding entrepreneurs for the purpose of identifying, developing, funding and implementing solutions for various social, cultural, environmental and other societal issues. It attempts to accomplish broader social, cultural, and environmental goals associated with the voluntary sectors in areas like poverty alleviation, health care and community development. For a social entrepreneur, the primary focus is on creating a positive impact rather than solely generating wealth.

The “Social Entrepreneur Award” bestowed by the All India Business And Community Foundation, is a prestigious recognition given to individuals or teams who have demonstrated exceptional innovation, leadership, and impact in addressing social or environmental challenges through entrepreneurial initiatives. These initiatives typically involve the development of sustainable business models that prioritize social and environmental objectives alongside financial success.