Students in Free Enterprise (SIFE), the world's best-known and most successful program helping university students to create community empowerment projects has changed its name to Enactus to reaffirm its long-standing commitment to using entrepreneurial action as catalyst for progress.

The new name, Enactus was revealed on September 30 2012 by SIFE International at the start of the SIFE World Cup in Washington D.C.

This name highlights three tenets of the organization's focus :

While the mission of SIFE has remained consistent since its inception in 1975, the goal of the name change is to typify the work of the organization, whoe leaders believe it will better reflect the goals of entrepreneurs in action for a greater good. In fact, the name change is only the first step in an aggressive effort to expand the organization's level of reach and impact. Equally important is the influence Enactus has on 62,000 students that participate in creating projects each year. The experience has a profound impact on the kind of leaders they become, and the type of work they choose to do in their lives.

SIFE was created almost 38 years ago in USA - long before concepts like micro-loans and social enterprises even existed - in order to prove the transformative power the entrepreneurial spirit can have in people's lives. The core belief of the organization has always been that the same kind of creativity and rigor and accountability that fuels business around the world is not only transferable but actually essential to human progress.

Enactus is also committed to fostering leadership among students who can look beyond the status quo and bring imagination and ingenuity and a sense of possibility to the challenges offered by the present moment, and to embrace them with courage, faith and hope.  

(Source: Enactus Malaysia Magazine 2013)