Inspiring: Reimagining the Economy News Articles
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Ideas for co-ops may flourish, but few people understand exactly how to make theirs real. The Co-op Academy is providing answers. Founded four years ago by Omar Freilla (who recently made Ebony magazines list of the Power 100), the academy runs 16-week courses that offer intensive mentoring, legal and financial advice, and help designing logos and websites. Run by the South Bronx-based Green Worker Cooperative, the academy guides up to four teams per session through the startup process and has graduated four organizations now thriving in New York City. These include Caracol Interpreters, which is raising the bar on interpreter wages, and Concrete Green, which focuses on environmentally sound landscaping. Six more co-ops are in the pipeline. Im amazed at how little knowledge and information is out there for the average person about how co-ops function and how to start one, says Janvieve Williams Comrie, whose mother-owned cooperative Ginger Moon also came out of the program. Thats one thing the Co-op Academy really provides, the hands-on know-how. Even money for tuition ($1,500 per team) gets the treatment. Freilla is adamant that teams fundraise to cover that costeven if they can foot the bill themselves. By fundraising for the registration fee, you are promoting the vision for your cooperative, gaining supporters, and creating a buzz before the program even starts, he says. That is just the kind of support that will propel your business forward, and while youre doing it youll be getting an early opportunity to see just how well you and your teammates work together.
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The milieu at Shantivan, a garden in Mumbais tony Malabar Hill area, on February 17 was like a hangover from Valentines Day. Placards displaying messages like Love is all we need were tied to tree branches. The occasion was the second monthly lunch hosted by Seva Caf. Omnipresent at the venue was a bespectacled man [named] Siddharth Sthalekar, who was orchestrating this generosity enterprise. About three years ago, he was the co-head of the derivatives trading desk and the head of algorithmic trading at Edelweiss Capital. [One] morning in 2010 [he took the decision] to throw it all away. For some time, the 31-year-old Mumbaikar had been contemplating quitting his cushy job to explore if there is an alternative to the premise of accumulation that seemed to drive individuals in the corporate world. When he finally took the plunge, he set out to travel across India with his wife Lahar. Over the next six months, as they visited several non-profit organisations, they woke up to the concept of gift economy where goods and services are extended without any formal quid pro quo. This motto formed the cornerstone of Moved by Love, an incubator at Gandhi Ashram in Ahmedabad, which carries out various projects. One such project, Seva Caf, was in hibernation. Sthalekar ... and his wife became its core volunteers and helped reopen it in September 2011. Seva Caf practises giving, the antithesis to accumulation. At the caf, volunteers cook and serve meals every week from Thursday to Sunday for free. What is Sthalekars takeaway from the experiment? The idea, he says, is to trust the assumption that every individual, irrespective of his economic standing, can be generous. [He] hopes that people will develop the habit of being generous even outside the cafin all environments and circumstances.
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