In this episode of Be Your Change podcast, you will learn how Alice Bosley, co- founder of 51 Labs Labs decided to move to Iraq to launch the first social impact incubator. So I'm very excited for her to speak about what is and her mission.
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"These are incredible people, right? I mean these are people with college educations and professional experiences and hopes and dreams and talents. And, when we think about displacement, we think about these people as either kind of poor and helpless or as burdens on society. And I think five one labs wanted to flip that on its head, right? These are assets. This is human capital that has been displaced into a place. often entrepreneurship is an incredible way for people to overcome some of the challenges in accessing jobs at their level. You may not have connections, you might not have kind the opportunities to break into the job space, but if you have these skills, then you're able to launch a business. And so we provide training and office space and mentorship and connections, to help these amazing people to launch, amazing businesses"
We just hosted an investor trip and an investor from Bahrain called us and he was like, you've gotta be kidding me. Right? Like Iraq. There's no entrepreneurship in Iraq. And so I think it's just, it's so challenging and, and no one believes it. And yet, despite all of that, like the evidence is that there are incredible young people that are doing this without any support. Right? And that's even, you know, here in the Bay area there are tons of entrepreneurs, but it's also a lot easier to be an entrepreneur and there are role models and there are people saying like, yeah, you can do this. And they're literally, everything is against you. And yet there are still successful people doing it. And so I think that that is pretty addictive. So part of it might be the adventure that it was just a fun place to go to at the beginning.
So we now run something called the incubate women's initiative, which is not the most creative name in the world, but, um, where we bring in women leaders from the community every other week to talk to our women entrepreneurs and their very intimate conversations where they share, um, they share kind of tips and challenges and, and create this supportive community, which is really important because often their families are saying like, you are crazy.
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