Nobel Laureate Prof Dr Muhammad Yunus and Vice-President & Deputy Vice-Chancellor of the University of New South Wales Prof Les Field seen holding the MoU signed between Yunus Centre and UNSW at a function in Sydney recently.
The University of New South Wales (UNSW), Australia has decided to open Yunus Social Business Centre that will work on promoting the social business concept as well as its practice as a way to tackle social problems.
The UNSW, located in Sydney, made the announcement when Nobel Laureate Prof Dr Muhammad Yunus visited Australia from October 8 to 11, said a Yunus Centre press release Monday, reports UNB.
Prof Yunus and Deputy Vice Chancellor of the university Prof Les Field signed a memorandum of understanding (MoU) to this effect on October 10.
During his stay in Australia, the Nobel laureate also took part in various programmes.
Prof Yunus attended the 10th Annual Conference of the Bangladeshi Architects as the chief guest at Sydney Opera House and participated in a roundtable organised by Impact Investing Australia, Centre for Social Impact at the UNSW.
He also addressed a corporate luncheon hosted by Grameen Australia and Asialink, a think tank of Melbourne University.
Speaking on the occasion, Prof Yunus pointed out that unemployment is a plague that is eating away the youth." With no fault of their own, the system, owing to its inconsistencies, is barring them from utilising their entrepreneurial potentials."
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