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MIF & Dalberg on how Venture Capital has driven development in Latin America

Posted By Katia Dumont, Aspen Institute, Tuesday, October 29, 2013

This week, the Multilateral Investment Fund and Dalberg published "Venture Capital: Driving development in Latin America. " The study is a reflexion on the impact that the MIF VC funding has catalyzed in the Latin American  economies.  As Dalberg reports on its blog, reffering to this study "Nonetheless, our findings suggest that VC can serve as an important tool for furthering inclusive economic development, particularly if, as has been the case in other regions, these select few mature into pioneering companies with the potential to spur enormous innovation and growth." This  study is another support on how the SGB case is critical to emerging markets economies. 

 

For more information:

Dalberg blog:http://dalberg.com/blog/?p=2146

 MIF publication: http://services.iadb.org/mifdoc/website/publications/8ee563cc-285c-45a6-bd3c-0c58b438cfba.pdf

Tags:  ANDE Members  Capital Aggregation  Latin America 

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Village Capital - October 2013 Update

Posted By Lily Bowles, Village Capital, Saturday, October 26, 2013

 

Village Capital has made four new investments over the past month, is launching three new programs (in India, Kenya, and the Netherlands), and has secured support to expand the Frontier Market Scouts program. Read below for the details:

1.Village Capital has made four new investments after the close of our most recent programs in India and the US.

  • The "Tech for Impact” program in Ahmedabad,India, in partnership with CIIE at IIM-Ahmedabad, participating entrepreneurs selected iKure, which enables better last-mile health treatment through wireless monitoring devices, and Edsix, which provides quality education for the poor through an adaptive learning technology. Learn more about both enterprises in this recent Times of India article.
  • This summer’s program in Louisville, KY,marked the first formal pilot of our”Problem-Based Approach.”Instead of developing programs around industries or geographies, the VilCap team has found it most effective to organize programs around the actual problems enterprises are solving–in Louisville, we focused on reducing the greenhouse gas emissions of the agricultural supply chain. One outcome: the two peer-selected companies–Spensa Technologies, which cuts farmers’ pesticide usage through smart insect monitoring, and Solar Site Design, which makes it easy and inexpensive for any home or real estate owner to design and implement a solar project–are building great businesses generating real impact, even though they don’t self-label as "impact” enterprises. These companies were highlighted in a fun Forbes article:"Surprise! You’re a Social Entrepreneur.”

2.New programs launching inIndia, Kenya, and the Netherlands this fall–and you’re invited to come meet the enterprises (dates and locations below).

  • "Edupreneurs,”a program Village Capital is operating in partnership with the Pearson Affordable Learning Fund, features 15 top ventures providing affordable BoP education solutions in India. Learn more about the program here; join usSaturday, October 26th in Delhi for our Customer Forum; or save the date for ourVenture Forum: November 23rdin Bangalore.
  • Village Capital-Netherlands, in partnership with Impact Hub-Amsterdam and DOEN Foundation, kicks off next week. Join Executive Director, Ross Baird, to learn more about the program and Frontier Market Scouts-Netherlands (DeBaak Institute), hosted atImpact Hub on October 31st.

3.Do you know anyone eager to get build a career in impact investing? We’re excited to announce that, with the support of Shell and the Hitachi Foundation, we’re expanding the Frontier Market Scouts program.

The Frontier Market Scouts program, which Village Capital co-founded with the Monterey Institute for International Studies and Sanghata Global, has been a leading entry point for professionals into the impact investing sector. Over the past three years, impact investors such as Invested Development, Unitus Seed Fund, and Accion, as well as enterprises in our portfolio and elsewhere have provided an on-ramp for aspiring professionals.

Thanks to Shell and the Hitachi Foundation, Village Capital has been able to expand the Frontier Market Scouts program globally. Starting with this January’s training, there will be three campuses (with more to come):

  • The Monterey Institute for International Studies
  • The Sorenson Center for Global Impact Investing(University of Utah)
  • De Baak Institute(Netherlands)

If you know someone interested in a career in impact investing, please encourage them to apply to the Scouts program by October 15th–link here.

That’s all for now – we hope to see you at one of our programs or events over the coming months, ANDE members and friends!

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Tags:  accelerators  ANDE Members  early stage ecosystem  emerging markets  Entrepreneurship  High-Growth Entrepreneurship  impact investing  mentoring  Mexico  SGBs; Environment; accelerators; energy  social business 

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ANDE Strategy Webinars

Posted By Alexander Pan, Aspen Institute, Thursday, October 24, 2013

Dear ANDE Members,

 

During the ANDE Annual Conference, ANDE's Executive Director, Randall Kempner, presented the new strategic plan that was designed based on a comprehensive research effort by Monitor Deloitte and ANDE staff.  It is an exciting time for ANDE, as we ramp up our initiatives in regional chapters, strengthen our member engagement efforts, and continue to find the best and most innovate ways to support SGB growth in developing markets.  

 

As this plan is designed to better serve your needs as members, it relies on your active engagement. As such, we would like to offer those who were not able to attend the conference three opportunities to see the presentation and ask questions. we hope all of our members will get excited and involved. RSVP now and mark your calendars for webinars on the following dates:

Webinar and call-in details can be found at the links above.  Your RSVP would be greatly appreciated.

If you can not make any of the webinars, the strategy presentation can be found here 

 

As a bit of pre-reading material, you can also check out the white paper commissioned by ANDE as part of the strategic planning process. This study maps the landscape of the SGB sector, and in so doing, determines both the challenges facing SGB intermediaries and how ANDE and other organizations should support the field in addressing these challenges. Read Growth and Opportunity: The Landscape of Organizations that Support Small and Growing Businesses in the Developing World here.

 

This is an exciting time for ANDE as we aim to scale up in a big way over the next few years.  We  look forward to hearing from many of you in the upcoming weeks.

 
Sincerely,

The ANDE Team

 

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Official Launching of the RegCharles Foundation

Posted By Fortune Odjugo, RegCharles Finance and Capital Ltd, Friday, October 18, 2013

With great pleasure, we  are pleased to announce the official launch of RegCharles Foundation taking place on the 29th of October, 2013 at the Lagos State Chamber of Commerce and Industry (LCCI) building Alausa, Ikeja. At this event we will unveil our social impact investing approach to entrepreneurship and capacity development programs, targeted at various categories of youth and women in Nigeria.

RegCharles Foundation is the non-profit arm of the RegCharles Group (comprising RegCharles Finance & Capital Limited, RegCharles Management Services, and the RegCharles Foundation) founded in 2013 as a not-for-profit organization with special focus on women and youth entrepreneurship, Philanthropy and Social Impact Investing in vulnerable and marginalized populations in Nigeria.

What we do:RegCharles Foundation is a non-profit entity based in Lagos, Nigeria, deeply involved in Social and Impact Investing in entrepreneurial-minded youth, between the ages of 14 - 40 and women, of all ages in Nigeria. The Foundation’s objectives encompass capacity development, philanthropy, social impact investing and providing technical assistance to international organizations interested in deploying their resources to promote social and economic development in Nigeria.

Our platforms include:Skill Acquisition Programs, Capacity Development Programs, Youth and Female Entrepreneurship Programs, Networking opportunities, Access to Market, Access to finance (through our funding partners)Access to Business Information, Business Support Services.

The Launch will be an opportunity for the Foundation to officially unveil her plans to revolutionize the entrepreneurship space in Nigeria, using her expertise in impact investing and capacity development. 

Details of the event are as follows:

Date:       29th of October, 2013

Time:      11.00am - 2.00pm

 Venue:    Lagos Chamber of Commerce and Industry (LCCI) Building, 10, Nurudeen Olowopopo drive, Behind M.K.O Gardens, Alausa, Ikeja. 

For more information please contact:
partners@rfcng.com for more enquiries about partnership opportunities within the RegCharles Foundation.


Tags:  entrepreneurship 

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LittleBigMoney: The crowdfunding platform for SGBs with social and environmental impact

Posted By Paula Rodriguez, Fundacion Capital, Thursday, October 17, 2013
https://vimeo.com/74224538

LittleBigMoney is a Ford Foundation supported initiative of Fundación Capital (www.fundacioncapital.org), a regional non-profit organization. Through pilot programs and public policy advocacy, Fundación Capital works to create an environment in which economically vulnerable households can choose how to use their own resources; one that allows those households every opportunity to increase and improve their assets, and the assets they already possess are valued fairly by society.

 

LittleBigMoney is Latin America’s first crowdfunding platform designed to support small and growing businesses that generate positive social and environmental impact in their communities.

 

Why LittleBigMoney? Small and growing rural businesses encounter significant difficulties accessing capital, technical assistance, and market information, all of which limits their potential for growth and success. By crowdfunding support for these businesses, contributors from around the world provide small donations that, taken together, help rural business owners grow and develop their businesses sustainably.

 

Where do I sign up? LittleBigMoney is available online at www.littlebigmoney.org. LBM is a virtual space that allows potential donors to review project and entrepreneur profiles, and decide how much and to whom they wish to contribute. Through email, social media, and direct contact, the LBM platform helps foster personal relationships between donors and the entrepreneurs they support.  

 

What makes LittleBigMoney different? Financing for SGBs in Latin America has traditionally been limited to microcredit or traditional debt. Credit is costly and short term, and entrepreneurs tend to postpone formalization and complying market requirements due to high costs, and the need to prioritize working capital. The result is an unmet demand for capital that requires alternative means of access. LittleBigMoney is designed to facilitate the movement of capital to meet this demand, by connecting donors from around the world with SGBs that are ready for growth and development.

 

For more information, contact us lbm@fundacioncapital.org or call +57 602 5530. Explore the LittleBigMoney platform at www.littlebigmoney.org, follow LittleBigMoney on Twitter @LBMoney or visit the Facebook page at www.facebook.com/LittleBigMoney.

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Tags:  communities  Crowdfunding  environmental impact  littlebigmoney  mall and growing businesses  social impact 

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Social Entrepreneurship Accelerator at Duke (SEAD) call for nominations

Posted By Alexander Pan, Aspen Institute, Tuesday, October 8, 2013

Dear ANDE Members,

 On behalf of the Social Entrepreneurship Accelerator at Duke (SEAD) I am pleased to invite you to nominate global health organizations as a potential candidate for our 2nd cohort of leading entrepreneurs.  

SEAD is a USAID-funded program designed to scale proven healthcare solutions for the developing world, and run by collaborators including the Fuqua School of Business, the International Partnership for Innovative Healthcare Delivery (IPIHD), Duke School of Medicine and Investors’ Circle.   Through these collaborations, SEAD mobilizes a community of practitioners, investors, policymakers, faculty, staff, and students to identify, assess, help develop, build capacity of, and scale solutions, technologies, and business models for healthcare in developing countries around the world.  

Innovative organizations are selected once per year for three-year commitment, and the process is highly competitive.  This year, SEAD will add only six organizations.  You can nominate organization for consideration by November 1st here:  http://www.dukesead.org/prospective-entrepreneurs.html.  

 Benefits

How will SEAD benefit my organization?

The benefits to being part of SEAD are numerous.  As a SEAD entrepreneur, over the course of three years, you will receive access to a range of services focused on supporting the scaling of your impact by leveraging the expertise of Duke and its core partners.

 This includes access to: 

·         Custom advice and guidance in scaling.  You will receive a designated faculty "coach” from the Center for the Advancement of Social Entrepreneurship at Duke’s Fuqua School of Business to help diagnose scaling challenges and discover enablers to support the growth of your organization.

·         A network of peers. SEAD creates a platform for entrepreneurs to connect directly: those at a similar stage of growth/evolution addressing similar challenges. Entrepreneurs can exchange best practices at the annual in-person SEAD Summit, peer learning groups, and other tailored interactions.

·         Expert faculty and student support across Duke. Tap into expertise across Duke University and Duke Medicine, from business to nursing and engineering to law to help guide entrepreneurs through new ideas and devise approaches to address challenges in scaling impact.

·         Investment and funding expertise and connections. Investors’ Circle, the oldest, largest and most successful early-stage impact investing network, helps SEAD entrepreneurs get ready for equity; SEAD also works to make strategic introductions to key healthcare investors and funders interested in supporting global health innovation.

·         Leaders in key geographies.   SEAD entrepreneurs can access change makers in India and East Africa through the support of USAID (SEAD’s funder).  USAID missions, health system leaders, and policy makers could potentially help catalyze impact.

 

The criteria for SEAD entrepreneurs were shaped to ensure SEAD works with entrepreneurs who are ready to scale their impact.  Your commitment to growing your organization through SEAD would be approximately 4-8 hours per month, for a period of three years starting January 1, 2014.  Read more about our criteria here: http://www.dukesead.org/selection-criteria.html

 

Process

 

The selection process has four steps:

1.       Nominate your organization on our short form by November 1st  - but as soon as possible preferred: http://www.dukesead.org/prospective-entrepreneurs.html.

2.       Complete the application (invite only): If your organization meets our criteria, we will invite you to complete an application by November 15th.

3.       Provide supplemental information:  Applications are evaluated by the Selection Committee; further review may include a call or request for additional information including 3rd party references.

4.       Stay in touch, await announcement:  All candidates are reviewed; six organizations will be selected on or after January 1, 2014.

 

Read more about the benefits and criteria for SEAD entrepreneurs using the links below.

 

·         Benefits: http://www.dukesead.org/benefits-of-the-sead-program.html

·         Criteria: http://www.dukesead.org/selection-criteria.html

·         More about SEAD:  http://www.dukesead.org/what-is-sead.html

·         List of current SEAD entrepreneurs:  http://www.dukesead.org/2013-sead-innovators.html

 

Please feel free to reach out to Cathy Clark  at  cathy@cathyhc.com with any questions.

                

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Apps4Africa 2013, 4th Annual Awards Announced

Posted By Jon Gosier, APPFRICA, Tuesday, October 1, 2013

Philadelphia, PA - For the fourth consecutive year, social enterprise Appfrica has announced the recipients of funding through its 2013 Apps4Africa program.  To date the program has distributed a total of $150,000 in funding to 19 African innovators from across the continent. This year, Appfrica announces three new award recipients: 

  • Remit.ug (Uganda/USA) - A competitor of sorts to Western Union and MoneyGram aiming to facilitate transactions from the African diaspora to relatives in Africa. There are over $62 billion dollars in remittances sent to Africa by the diaspora annually. Remit’s mission is to try to capture a portion of that market.
  • Upstream Analytics (Congo/USA) - An analytic program to be used by multinational corporations to ensure the resources they source from Africa are compliant with international standards for avoiding corruption, bribery and illegal operations.  This, for example, might help organizations like Google, Samsung, Shell and others to ensure that the minerals and commodities they source from African countries are not fueling conflict, illicit, or immoral activity.
  • SiftDeck (Kenya) – A customizable application that alerts organizations and businesses to how social media and mobile conversations relate to and reference offline interests. (For example: The recent attacks in Kenya, and subsequent discussion affects countless businesses, places, people, and institutions. This tool catalogs this information and aims visualize the relationships between different things.) 

These companies were selected as the inaugural Apps4Africa Entrepreneurs-In-Residence class which is explained below.


APPS4AFRICA'S FOUR YEAR HISTORY

Apps4Africa is an initiative which aims to discover, engage, and accelerate the growth of Africa's next generation of innovative minds and young, brilliant entrepreneurs. Each year, the program admits a new 'class' of entrepreneurs, cherry-picked as being some of the best tech and social innovators Africa has to offer. Each participant receives $10,000 in funding, advice and a number of other benefits meant to help them scale and expand their work.

The program began as a partnership between Appfrica and the U.S. Department of State. Other partners include Microsoft (who contributed advice and mobile devices to the 2012 class), DEMO Africa (an annual conference showcasing Africa's finest innovators) who supported the 2011 class, TED Conferences and Unreasonable Institute.

However, the campaign has perhaps become most notable for the success of the companies it has funded and what they have gone on to achieve following the award. 2010 award recipient iCow recently announced a partnership with mobile telco Safaricom whose network reaches 19 million users in Kenya.  iCow was also recently profiled by Forbes magazine and was a runner up for the Africa Innovation Prize. In June, Tanzanian entrepreneur and 2011 Apps4Africa Award recipient Eric Mutta's Minishop raised $328,000, lead by Financial Services Deepening Trust, a fund dedicated to improving access to financial services in Africa. 2012 recipient SliceBiz was recently selected to participate in the British Airways Ungrounded 'innovation lab in the sky' project. Collectively, these entrepreneurs and others have gone on to raise nearly $1 million in follow-on funding.


MORE COMPETITIVE THAN HARVARD

Since its launch, Apps4Africa has become incredibly competitive as well. Of the roughly 300 applicants last year, only 3 were funded. That's an admission rate of 1%, more exclusive than most Ivy league schools!  In other words, the program's vetting process alone is definitely an accomplishment.


ENTREPRENEURS-IN-RESIDENCE

This year, the Apps4Africa team bucked their own trend.  Rather than following their "2010 Civic Challenge", "2011 Climate Challenge", and "2012 Business Challenge" with another Challenge, the they've announced the Apps4Africa Entrepreneurs-In-Residence (EIR) program. The EIR program introduces a new path to funding for those interested in Apps4Africa. As part of the EIR effort, these selected ventures work more closely with the Appfrica team and in some cases receive more startup funding than those receiving Challenge Awards. This begs the question - will the challenges return?

"Due to the costs associated with the EIR program and maintaining the other aspects of the accelerator for our 2010, 2011, and 2012 participants, we’re putting off the Apps4Africa Challenge to early 2014," said Appfrica CEO Jon Gosier in a blog post at apps4africa.org.

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For more information email info@apps4africa.org or contact Bahiyah Robinson at bahiyah@appfrica.com or via phone +1 (917) 495-1105. Appfrica is a firm founded in 2008 in Kampala, Uganda which helps the world's leading multinational organizations and technology firms enter African markets. Apps4Africa welcomes new partners and ideas from the ANDE network!

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Tags:  appfrica  apps4africa  department  impact investing  state 

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Willy Foote: Hillary Clinton, Meet Magdalena Brito: Empowerment In Action

Posted By Stella Hanly, Aspen Institute, Friday, September 27, 2013

Willy Foote, Founder and CEO of ANDE member Root Capital and ANDE Executive Committee member, blogs in Forbes about gender inequality and mentions how collaborations with partners such as ANDE helps his organization move forward.

Read the full text of the article here.

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ANDE welcomes new member Thunderbird School of Global Management!

Posted By Stella Hanly, Aspen Institute, Friday, September 27, 2013

ANDE welcomes new member Thunderbird School of Global Management

The Thunderbird School of Global Management is the world’s number one graduate school of international business.  The mission of Thunderbird is to educate leaders who will create sustainable prosperity worldwide.  The Thunderbird Emerging Markets Laboratory (TEM Lab) is a direct expression of that mission.  In the TEM Lab, top tier Thunderbird MBA candidates consult for public, social, and private organizations in emerging markets and focus on the creation of social and economic value.  The TEM Lab has years of experience working with small and growing businesses in emerging markets, helping them to better understand their competitive position and grow into new markets.  Small and growing businesses are a focus area for the TEM Lab because we believe they are drivers of economic prosperity and because they offer our students a unique learning laboratory in the context of global business.

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Applications are now being accepted for the Power Africa Off-Grid Energy Challenge!

Posted By Stella Hanly, Aspen Institute, Thursday, September 26, 2013
Applications are now being accepted for the Power Africa Off-Grid Energy Challenge!

US African Development Foundation and GE Africa are partnering to promote innovative solutions that develop, scale-up or extend the use of proven technologies for off-grid energy – reaching communities not served by existing power grids. This USD $2 million challenge will award grants of up $100,000 each to African companies and organizations providing off-grid solutions that deploy renewable resources and power local economic activities. Challenge winners will focus on near-term solutions to the power needs of productive and commercial activities, including agriculture production and processing, off-farm businesses, and commercial enterprises.  

Note: Applications will be considered for projects in Kenya and Nigeria, and applicants must be African-led and –managed.


All details including eligibility requirements can be found here.

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