The Tech Awards – Gala for 1500 Honors Nobel Peace Prize Recipient Muhammad Yunus

11.19.08 | Category: Power Zen, Simplicity, Unexpected, Valley Future


The Tech Awards show that “Big changes come from simple solutions” said Tech President Peter Friess —opening an elegant black tie gala for the premier annual humanitarian awards programs in the world. Over 1500 Tech Museum friends & donors gathered to honor 25 global innovators (Laureates) who were carefully selected from hundreds of applications received from 68 countries. $250,000 in cash awards were distributed on one evening. For more about the outstanding laureates in the environment, development, education, equality, and health categories, visit here.
Bill Fenwick, Muhammad Yunus, Drue Kataoka, Peter Friess, Birgit Binner
“We are gathering all the intellectual capital of all these prestigious laureates who are the role models of the next generation…using technology to benefit humanity…At The Tech, we pledge to do our part to cultivate the next generation of scientists and engineers,” said Friess. Friess’ leadership in seamlessly pulling off this event cannot be underestimated. Digital applause is in order.

Nobel Peace Prize winner and micro-lending pioneer, Muhammad Yunus was the focus of this tech-humanitarian star-studded event. The Distinguished Tech Awards Committee chose him as the recipient of the James C. Morgan Global Humanitarian Award, sponsored by Applied Materials.

Applying Dreams

ValleyZen spoke with Applied Materials CEO, Mike Splinter who said, “The Award is inspired by Jim’s [James Morgan’s] belief that technology can help individuals reach their full potential and translate their dreams into solutions for a better world.”
Muhammad Yunus, Drue Kataoka, Peter Friess

Banking for the Poor

Before the gala, we met and spoke to Grameen Bank Founder, Muhammad Yunus. Yunus has witnessed excruciating human suffering, traveling to the darkest corners of the planet to help those in greatest need. BUT– his physical presence overflows with joyousness. Drue was struck by his smile–radiating in all directions, continually expanding.

From Nashville to Bangladesh

A cool coincidence, –Bill found that Yunus attended his alma mater. Vanderbilt University, in Nashville Tennessee. Bill’s firm has endowed the Fenwick and West Lecture series at Vanderbilt law school.
Bill Fenwick, Muhammad Yunus, Grameen Bank

The Zen of Yunus

Yunus’ remarks were real – cutting sharply through rhetoric and fancy words. Instead of saying something grandiose, his bare words gripped the audience. Speaking about his inspiration for micro-lending he said:

“My efforts were very small – created out of desperation. When you are desperate you do a lot of strange things…Giving the $27 dollars to the first 42 people. Nobody in their right mind would have even thought about it. But I did it with all the seriousness, and challenged the bank to do the same…”

Today 130 million benefit worldwide from microcredit.

Yunus: What sub prime crisis in the microcredit world?

“They said poor people are not credit worthy, and now 32 years later today…the poor turned to be better credit worthy!! You have to think differently to see how the world can turn around…We have given more than 700,000 housing loans and we never had a sub prime crisis.”

Intel Fortune Cookie Wisdom

Intel Chairman of the Board Craig R. Barrett left us with a humble piece of wisdom. He read the fortune from his cookie at his favorite restaurant Chef Chu’s —“A small deed done is better than a great deed planned.”

Nominations for 2009

Have someone in mind for 2009? Nominate them! Click here to watch the nomination video.

9 Comments so far

  1. Tom

    Great to see that Muhammad Yunus received the special award. The work that Grameen Bank does is truly amazing– fighting poverty through empowerment via market forces. In our times of political division, he is a rare example of being admired by both free marketeers and liberals.
    It is interesting that The Tech Awards recognize somebody who is not part of what we normally consider “tech”. Yet, the concept of “technology” is infinitely flexible, and at its core it designates something that impacts people’s daily lives– Mr Yunis certainly fits the bill.

  2. Carl Chavez

    Hate, desperation and fear have been the curse of many and the cause of pain in this world. Converting what many would consider an evil-desperation-into hope and joy demonstrates the presence and the power of goodness and love. Perhaps Mr. Yunus’ act of faith will remind people that goodness and love are the true unifiers and source of joy and, indeed, our only real hope. Technology has its place in this scheme but only in so far as it is a derivative of these concepts, quintessentially, paradoxically both human and spiritual.

  3. Drue Kataoka

    @ Tom – Your point about being admired by free marketeers and liberals alike is great. That is a rare achievement and Yunus does bridge many disparate worlds.

    @ Carl – Beautifully stated. Transforming desperation and fear into hope and possibility… yes. This is also a theme of the Tech Awards and we cheer them on as they search for the next class of laureates. Your insights are illuminating. Thank you!

  4. eth.

    Nice! He is an interesting choice for a *Tech* Award, but it makes a certain amount of sense. For example, inspired by a lecture Yunus gave at Stanford a few years back, this microlending institution was created:

    http://www.kiva.org/

    So that affluent web-surfers can loan money directly to an individual in need on the other side of the world.

  5. Drue Kataoka

    @ Eth – Great observation. Yes thanks for bringing Kiva into the discussion. As Tom said –”the concept of “technology” is infinitely flexible, and at its core it designates something that impacts people’s daily lives”

  6. Aliya

    Thanks for sharing this Drue. I was honoured to meet Muhammad Yunus last year at a lecture and book signing he gave last year at London School of Economics.

    I can honestly say that the experience was one of the most inspiring that I’ve ever had. Mr Yunus is someone who has had the courage and the strength to go after and achieve his dreams, yet when you meet him in person, he is so gracious, humble and down-to-earth. He epitomises Zen, because when you meet him, you feel like you’ve met someone who has achieved a sense of inner calm and found peace within himself.

    But the most inspiring point is that Muhammad Yunus challenges the traditional notions of entrepreneurship and what it means to be successful. He shows you that the success of a business can be measured through more than just profitability alone, that there is another metric for success that is far more valuable simply worldly, monetary gain

  7. Bill Fenwick

    Muhammad Yunus and Grameen Bank have taught many thousand, mostly female under privileged people, how to fish. Their achievements will hopefully teach others how powerful simple acts are. Others who want to help but are paralyzed by the size of the need have evidence that is not the size of the problem that matters. Helping only one is an infinite contribution when compare to helping none. He powerfully shared that with the hundreds of attendees.

    Listening to each recipients of a Tech Award talk about what their institutions have done made me better appreciate what a wonderful event The Tech has created.

  8. Claudia Welss

    Hi Drue, thanks for making a comment on our blog http://www.nextnow.org about the Tech Awards post. I’m so glad to know you enjoyed it.

    I followed the link to your website and wanted you to know that we travel in some of the same circles; I recognize you, most recently from the National Women’s Leadership Initiative with Michelle Obama in Chicago in October. I was waiting to say hello to Van Jones and saw you speaking with him. Too bad our paths didn’t cross then.

    Thank you for including a link to ValleyZen, not just because it’s a great blog but because it allowed me to find your Sumi-e paintings, which are amazing.

    Next time I see you I’ll be sure to introduce myself.

  9. Drue Kataoka

    @ Claudia – Thanks for visiting ValleyZen and great to know that you have been at these events. I appreciate your kind words and look forward to meeting you.
    Congrats on your beautiful coverage and all the positive and innovative work you are doing for the community.

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