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Epoka University and Yunus Social Business GmbH signed Memorandum of Understanding

January 22nd, 2013

Epoka University and Yunus Social Business GmbH signed Memorandum of Understanding

Epoka University and Yunus Social Business GmbH signed Memorandum of Understanding

Epoka University and Yunus Social Business GmbH signed on January 22, 2013, a Memorandum of Understanding on Bilateral Cooperation. This Memorandum of Understanding was signed by the Dean of the Faculty of Architecture and Engineering, Assist. Prof. Dr. Yavuz Yardım and the Chairman of Yunus Social Business, Prof. Muhammad Yunus, who is a well-known academician and recipient of the 2006 Nobel Peace Prize, and reflects the common desire of both parties to contribute to Albania’s social and economic development. The specific bilateral cooperation aims at providing new opportunities to disadvantaged individuals and communities, by advancing society’s knowledge about social and environmental issues and potential market-based solutions to them, and by encouraging and teaching the next generation to take up these challenges.

During the signing ceremony of the agreement, the Dean of the Faculty of Architecture and Engineering, Assist. Prof. Dr. Yavuz Yardım thanked Prof. Muhammad Yunus for the invitation addressed to Epoka University to be part of this initiative. “I was in Bangladesh and I saw what Prof. Yunus did there. I hope we will have the same impact here in Albania. These kind of ideas, I think, will be supported by our students and the Albanian young generation. We will support and we will do our best to make this happen”, Assist. Prof. Dr Yavuz Yardım said.

According to this Memorandum of Understanding both parties agree to work together to introduce and mainstream the idea of social business into research carried out by Epoka University, especially through conducting case studies of specific social businesses and carrying out impact evaluations of social business activities and programmes, at the level of graduate, doctoral and post-doctoral research. The agreement envisages also that both parties will also encourage and contribute on teaching of the theory and practice of social business within the curricula of the Epoka University, thus developing future leaders for the Social Business Movement of Albania by enabling students to apply social business principles to solve social problems in Albania.

This Memorandum of Understanding also envisages developing sustainable, long-term programmes beyond research and teaching, such as workshops, conferences, public events, competitions, a holistic media presence including publications and online media, and volunteer and partnership programmes that will help to raise awareness and enthusiasm within the university, and beyond in society at large, about how to help meet Albania’s social, economic and environmental challenges through social business.

Yunus Social Business was co-founded by Peace Nobel Laureate Professor Muhammad Yunus, initiates and manages social business development programmes, including incubator founds for social business, in several countries. Yunus Social Business launched the “Social Business Movement of Albania” in Aprill 2012. With a local team in Tirana, the YSB Albania Incubator is busy identifying and developing the first social businesses across the country. 

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