Jane Chen

Last updated

Jane Chen
Jane Marie Chen.jpg
Chen in 2012
Born
Jane Marie Chen
NationalityTaiwanese American
Alma mater Pomona College
Harvard University
Stanford University
Occupation(s)Co-founder and former CEO, Embrace, and Co-founder and CEO, Embrace Innovations
Known forCo-founder at Embrace (non-profit)

Jane Marie Chen is the co-founder of Embrace, a social enterprise that invented and distributes a low-cost infant warmer, [1] that gives premature and low-birth-weight infants a better chance at survival. [2] [3] [4] [5] [6] The Embrace infant warmers / incubators have now helped to save over 700,000 babies in 25 countries. [7] Jane served as the first CEO of Embrace, the non-profit arm of the organization, before stepping into the chief executive officer (CEO) role of Embrace Innovations, the for-profit social enterprise that was spun off in 2012. [8] .

Contents

Early life and education

Chen holds a BA in Psychology and Economics from Pomona College, a Masters in Public Administration from Harvard University, and an MBA from Stanford University. [9]

Career

Prior to Embrace, Chen worked with nonprofit organizations on healthcare issues in developing countries. She spent several years as the program director of a startup HIV/AIDS nonprofit in China, and worked for the Clinton Foundation’s HIV/AIDS Initiative in Tanzania. [10] She also worked at Monitor Group as a management consultant.[ citation needed ]

In 2013, Chen and the other co-founders of Embrace, Linus Liang, Nag Murty, and Rahul Panicker were awarded the Economist Innovation Award, under the category of Social and Economic Innovation. [11] In the same year, Chen and her co-founder Rahul Panicker were also recognized as Schwab Social Entrepreneurs of the Year by the World Economic Forum. [12] In 2014, Chen was invited to the White House's first ever Maker Faire, where she presented Embrace's work to President Obama. [13] In the same year, Beyoncé made a $125,000 contribution through Chime for Change which allowed Embrace to distribute its infant warmers to nine countries in Sub-Saharan Africa. [14]

Embrace

While doing her MBA at Stanford, Chen and a few other fellow graduate students were assigned a class project to create a low-cost infant incubator that could be used in rural areas. [1] [9] [15] In 2008, they co-founded Embrace, a 501(c)(3) non-profit, to bring their project to life. [16] [17] In January 2012, Embrace moved into a hybrid structure. [18] The non-profit entity, Embrace, donates infant warmers to the neediest areas through NGO partners, and provides educational programs on newborn health alongside the distribution of warmers. The for-profit social enterprise, Embrace Innovations, sells the warmers to paying entities, including governments and private clinics, all focusing on emerging markets. [19] Embrace Innovations, the for-profit social enterprise, raised its Series A round of financing in 2012 from Vinod Khosla's Impact Fund and Capricorn Investment Group. The company raised a second round of investment capital from Marc Benioff in 2014. [20]

In 2016, Embrace Innovations launched a line of consumer baby products called Little Lotus Baby (temperature regulating swaddles and sleeping bags), which have a buy-one give-one model. The Little Lotus products use the technology used in the Embrace warmer to keep babies at an ideal skin temperature, thereby helping to improve their sleep. [21]

Embrace's nonprofit arm donated over 2,500 incubators to Ukraine in 2022 [22] , and donates incubators to emergency responses and humanitarian crises around the world [23] .

Awards and recognition

Chen has been a TED speaker, [24] and was selected as one of Forbes' Impact 30 in 2011. [25] In 2019, Chen was featured in AOL/Verizon/Yahoo's "FUTURIST" Series, profiling industry leaders across all different disciplines who are advancing their fields with technology, innovation, and fearlessness. [26] Chen has been recognized as the Inspirational Young Alumni of the Year by Pomona College, [27] and selected as a "Woman of Distinction" by the American Association of University Women. [28] Chen has spoken at numerous international conferences, including the Skoll World Forum, Bloomberg Design Conference, Forbes Women's Summit, and the World Economic Forum. [29]

In 2012, Chen was named as a Young Global Leader by the World Economic Forum, [30] and was featured in Dove's "Real Role Models" campaign for women and girls. [31] She was also profiled in AOL's Makers campaign. [10] Chen is a TED Fellow, Echoing Green Fellow, and Rainer Arnhold Fellow.

Chen's memoir was acquired by Penguin Random House, and will be published in 2025 [32] .

Related Research Articles

The Schwab Foundation for Social Entrepreneurship is a Swiss not-for-profit organization founded in 1998 that provides platforms at regional, national, and global levels to promote social entrepreneurship. The foundation is under the legal supervision of the Swiss Federal Government. Its headquarters are in Geneva, Switzerland. Each year, it selects 20–25 social entrepreneurs through a global "Social Entrepreneur of the Year" competition.

A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.

Social venture capital is a form of investment funding that is usually funded by a group of social venture capitalists or an impact investor to provide seed-funding investment, usually in a for-profit social enterprise, in return to achieve an outsized gain in financial return while delivering social impact to the world. There are various organizations, such as Venture Philanthropy (VP) companies and nonprofit organizations, that deploy a simple venture capital strategy model to fund nonprofit events, social enterprises, or activities that deliver a high social impact or a strong social causes for their existence. There are also regionally focused organizations that target a specific region of the world, to help build and support the local community in a social cause.

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