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GroFin - Transforming SGBs in Africa & the Middle East

Posted By Shailen Neewoor, GroFin, Wednesday, June 13, 2018
Updated: Friday, June 15, 2018

Gain a deeper understanding of how GroFin, through its unique investment model in SGBs, is positively transforming small and growing businesses and the local communities they support. The inspiring success stories of its entrepreneurs exemplify the collaborative efforts of GroFin staff, investors, partners and clients. The 2017 GroFin Impact Report, Nomou Impact Report and Aspire Impact Report translates its faith in the power of the collective by asking the question “If not us, who? If not today, when? If not with our finance and support, how will these small businesses grow and succeed?”

2017 GroFin Impact Report

As at end 2017, GroFin has financed 675 small and growing businesses, supported 8,840 entrepreneurs, sustained a total of 86,190 jobs and touched the lives of 430,955 family members in the local communities across our 15 locations of operation in Africa and the Middle East. The report indicates that GroFin has made more investments in its priority sectors of education, healthcare, agribusiness, manufacturing and key services. Furthermore, GroFin invested US$ 60M in nearly 88 new small and growing businesses, with over 50% of the SMEs operating directly in our sectors of focus, sustaining 14,000 total jobs and supporting an additional 72,000 livelihoods. And to reinforce its value proposition of providing 'support beyond finance' the company introduced the GroFin STEP (Success through Effective Partnerships) Programme to support its SMEs and Entrepreneurs.

2017 Nomou Impact Report

The Nomou Programme is a regional initiative in MENA which was co-created by GroFin and Shell Foundation. As a result of the collaborative efforts of its investors, partners and clients, the Nomou programme is contributing to the alleviation of poverty and improvement of livelihoods in the communities where the programme operates, as well as striving to reduce the adverse impact of the humanitarian crisis in the region.

In 2017, the Nomou Programme supported 1,005 entrepreneurs, made investments into 103 SGBs, sustained a total of 10,287 jobs, touched the lives of 51,435 beneficiaries and added economic value of US$ 149 million per annum through its investee SMEs across Egypt, Jordan, Iraq and Oman.

2017 Aspire Impact Report

Since their inception in 2014, the Aspire Small Business Fund (ASBF) and the Aspire Growth Fund (AGF) have sought to promote local entrepreneurship, employment and economic value-add in the Niger Delta. With the Shell Petroleum Development Company of Nigeria Limited (SPDC) as anchor investor, the Aspire Enterprise Development Funds epitomise GroFin, a private development finance institution, and SPDC’s efforts to serve the local community with a combination of investment funds, business skills and market linkages.

In 2017 GroFin increased its commitment to supporting SMEs in the Niger Delta Region by investing in an additional 17 small and growing businesses and extending further funding of US$ 2.5M (140% increase from total amount invested as at end 2016). As at end of 2017, GroFin has supported 365 businesses, invested in 53 SMEs and sustained a total of 1,975 jobs under the Aspire Funds.

 Attached Files:

Tags:  2017  A Access to Finance  Access to Finance  Africa  Agriculture  ANDE Africa  ANDE Members  Base of the Pyramid  Business  business training  capacity development  DGGF  East Africa  education  finance  impact  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact measurement  innovation  Investors  Kenya  MENA  missing middle  Philanthropy; impact investing  Private sector development  Rwanda  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  small and growing agrobusiness  smes  social impact  South Africa  sustainability  sustainable development  Tanzania  Training  Uganda  West Africa 

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Risky business: how to de-risk your fintech startup before it’s too late

Posted By Akansha Kasera, Bankable Frontier Associates, Friday, April 6, 2018
Updated: Friday, April 6, 2018

By Maelis Carraro and Elizabeth Davidson

If you’re a fintech entrepreneur, it’s probably not news to you that failure is more likely than success. After all, an estimated 70% of tech startups fail, typically within the first two years after their first round of financing.

Catalyst Fund has been working with inclusive fintech startups, a field that presents unique challenges for entrepreneurs, over the past two years. In many countries, it is a sector that presents more regulatory constraints, limitations as to how companies can handle information, and stringent operational and capital requirements.

Different startups, common risk challenges

Despite working with a wide variety of fintech startups across different geographies and sectors, we have seen some themes emerge on the most common risks that can pose a threat to the success of the business at the early stage. All startups mention they lack the financial and human capital they need to grow their businesses. “Finding funding is a huge burden. The average startup CEO spends 70% of his time fundraising, which remains the number one challenge faced by local startups,” says Yoann Berno of Flowigo.

Finding people with the right skill sets who are willing to give up more secure job alternatives is also big barrier, yet fundamental to raising capital and ensuring smooth execution. “The biggest challenge is getting the team with the right skill set at first, especially when you’re a young company and don’t have a system or protocol for hiring and then you start growing rapidly,” says Destacame’s Jorge Camus. “It then gets challenging to manage the team, train them and really build a culture that allows you to get to your goals.”

Over 70% of our fintech entrepreneurs also noted that not getting to product-market fit is a major challenge they face. They felt they did not have a full understanding of their customers needs to build strong value propositions. Additionally, 40% mentioned they faced technology risks, including lack of accessible data to refine their products, and 33% pointed to specific ecosystem dynamics that might threaten their business ability to scale.

Want to mitigate risks? Start early!
Early identification of key risks can help fintech startups invest in the business support they need early on before a risk takes down the business. These risks can scare off investors, who want to ensure that entrepreneurs understand the key challenges they face. Instead of waiting for entrepreneurs to identify key risks, early stage investors can work with startups to tackle these risks before or in conjunction with their investment.

Catalyst Fund has taken just this approach. By working with our entrepreneurs to identify risks, we can tailor technical assistance to solve these risks so that investors are more confident in the future success of the business.

Taking an honest look at their own key risks can be difficult for entrepreneurs, who may be too deep in the weeds to step back and look at the bigger picture. This is why the Catalyst Fund developed a risk diagnostic to help startup leaders get a better grasp on their challenges, and understand those within or outside of their control. The tool offers a checklist of possible mitigation strategies for the entrepreneur. Here are a few strategies we applied through our technical assistance engagements:

Understand your customer to offer strong value propositions
For Miguel Duhalt at Comunidad 4uno, that meant better understanding what his customers valued most about its product in order to focus on high value customers and tailor their offering. When we first met 4Uno, a financial services distribution platform offering insurance, health benefits and payments services for domestic workers in Mexico, they struggled with picking the right product offering for the right customer segment. After working with them on customer research, we helped them segment their customer base to refine their product offering and marketing strategy. Since then, they tailored product packages for insurance to specific client profiles and also offer salary payment services via an app, which resulted in a growth spurt.

Figuring out the right way to engage with customers is also a challenge for entrepreneurs in these markets and a big risk to the company’s ability to take off. How can a mobile-based startup communicate its value proposition clearly and consistently with a rural customer base when only 50% own phones and only 20% are literate? WorldCover, a platform providing insurance to low-income farmers around the world, used a marketing MVP, or minimal viable product, composed of simple and clear images to cater to the illiterate majority of potential customers. They tested various solutions, from SMS systems to a “microphone man” going to communities to play a recorded message and frequent community meetings. Community meetings, with 95% attendance rates, allowed WorldCover to maintain a human touch with customers. Farmers trusted WorldCover more after more face-to-face interactions because “an impostor wouldn’t show up at your house every week after taking our premium money,” said WorldCover’s CEO, Chris Sheehan.

Build a product vision and roadmap that meets your business needs
On the other hand, PayGo, a pay-as-you-go gas solution in Kenya, realized they were struggling with technology risks. They needed to integrate with a scalable payments solution, track key gas system indicators, and find tools to measure, monitor, and run their field sales team and customer service, yet they did not have the tech skills in the team build the necessary back-end software technology. We worked on designing their product architecture and built a new version of the app they are still using today. “The architecture we built with Catalyst still holds,” says Nick Quintong, PayGo’s CEO. “It was fundamental for a team that doesn’t have software expertise to bring someone in to show us how it can be done with off-the-shelf software modules.” Without these key technology investments early on, PayGo would not be poised for the growth it’s enjoying today.

In Colombia, we helped Escala, a savings fund for corporate employees and their children, with similar challenges. Initially, technology was holding Escala back and preventing them from reaching more clients who could benefit from their services. We worked with Escala to identify and integrate the right tech processes to match their stage and helped them avoid spending important resources on expensive and unnecessary CRM tools. 


“We believe ESCALA Educación’s story proves that a model like CF is very valuable to get a company investment-ready.” 

Escala used their new tech structure to more successfully manage their two sets of clients — companies and their employees — and to raise a seed round, which included members of Catalyst Fund’s Investors Committee such as Accion Venture Lab. “We believe ESCALA Educación’s story proves that a model like CF is very valuable to get a company investment-ready,” said Tahira Dosani, co-managing director of Accion Venture Lab, at the SOCAP conference this year. “ESCALA combines a strong management team and exciting customer acquisition and engagement strategies” says Vikas Raj, co-managing director of Accion Venture Lab.

Get the timing right
Unfortunately, not all risks can be mitigated. For Flowigo CEO Yoann Berno, “timing is everything.” Flowigo, a SaaS company seeking to enhance operations of pay-as-you-go product distributors in Africa, faced timing risks that ultimately backfired. Its markets lacked the client density necessary from them to scale, and key infrastructure issues like connectivity posed an ongoing challenge. SaaS companies like Flowigo need dense networks of businesses to flourish, but in Africa, industries that count more than a few dozen major players are rare. Scaling a SaaS business while addressing 10 to 15 customers is a hard sell. Ultimately, Flowigo succumbed to the timing risk, deciding to pivot and wind down this line of business.

Overall, while not all risks are avoidable, you can’t avoid the risks you don’t know about or aren’t focused on. So for fintech startups and investors alike, identifying and mitigating risks early is key to success. To get started on identifying your fintech startup’s key risks and think of your mitigation plan, check out Catalyst Fund’s new risk diagnostic.

You can also check out De-risking your Fintech startup webinar where we go over the toolkit and risk assessment for Catalyst Fund companies here

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Tags:  Business  emerging markets  entrepreneurship  finance  impact investing  inclusive business  inclusive innovation  Incubation  Risk; Risk Assessment; ANDE Members  SGBs; Environment; accelerators; energy  social business  social enterprise  social entrepreneurship 

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Three Powerful Tools for Fintech Practitioners

Posted By Jane Del Ser, Bankable Frontier Associates, Tuesday, January 16, 2018
Updated: Wednesday, January 17, 2018

By David del Ser

(Watch our video)

Since we launched the Catalyst Fund in 2015, we have helped 15 fintech entrepreneurs deploy novel approaches to bring products and services to their customers. We have distilled the successful patterns and behaviors we have observed into toolkits and posts for those considering fintech methods for their businesses, whether they be startups or established players.


At a high level, successful fintech startups adopt principles of Design, Risk Management and Product Management, and also put modern technologies like smartphones, artificial intelligence and cloud computing at the core of their value propositions. At successful fintech startups Designers, Product Managers, CEOs and Engineers reinforce each other in multidisciplinary teams to explore the overlap between what customers find desirable, what engineers can build, and what the business requires to grow.

Design

The function of Design is to represent the voice of the customer at all times to make sure a company stays centered on what matters most. Design is not a one-off process. In the spirit of customer validation, designers keep tight feedback loops with customers throughout the product development process, from early prototypes to usability testing of new features.


Through user research (UX) techniques like online surveys and one-one-one interviews, designers invest heavily during initial stages in order to know their customers like the back of their hand; what are their problems and pain points, and how can their company help? In fact, designers segment customers into personas to allow the team to constantly keep in mind different user profiles and needs.


Aesthetics matter. Designers work hard to perfect a product’s UI and its look and feel, so it can live up to the high expectations created by WhatsApp or Google. But great design goes beyond just user research and visuals during early product design stages. Successful inclusive fintech startups map out the Customer Journey and Service Blueprint in detail to fully understand the perspective of the user each time they  interact with the company.


Ultimately, great design creates trust, that elusive quality that all startups are chasing and that distinguishes them from their competitors. We’ve captured our lessons for startups to build trust with their customers through their products or services in our Design for Trust Toolkit.


Product Management

But designers can’t work in isolation; they need someone to lead the orchestra - and that’s where a product manager comes in. The PM takes a big picture view and works to ensure that designers, engineers and marketers all work towards the same goal. Crucially, she makes sure the product or service goal is backed by data and evidence. She keeps the whole process nimble through quick agile iterations focused on the activities of users, from initial onboarding to the retention phase. For example, using A/B Testing and usage analytics she captures details of how each users is interacting with every screen to inform engagement.


The effective product manager is very focused on the key metrics for the business, such as customer lifetime value or acquisition costs. She also works hard to explore the best channels to find new customers, including viral referrals and social media. As an example, our portfolio company Destacame has seen lead acquisition costs dropping to less than $3 through these types of digital channels. We explore some of the different tools and frameworks to help startups focus as they chart their journey from idea, to minimum viable product (MVP) and growth in our upcoming product/market fit toolkit.

Modern Technologies

And finally, you can’t have good fintech without the “tech” that is enabling these new approaches.


Most important are the smartphones, which run fintech apps and also act as channels to find and interact with users. For instance, several of our startups use WhatsApp to offer customer support and drive virality, communicating with users in the way they prefer. Smartphones can also be used to generate and capture user data, which is particularly valuable when targeting low-income consumers who traditionally have been anonymous. In that vein, our portfolio company Smile Identity validates and authenticates customer identities using selfies taken on their phones.


In addition machine learning and other artificial intelligence systems can improve customer value propositions and to automate internal processes like credit scoring using data from smartphones and other new sources like satellites. As an example, our portfolio company ToGarantido is exploring chatbots for sales of their insurance policies and customer support. Harvesting is using satellite data to understand credit and insurance risk with just a GPS read. Worldcover doesn’t even need customers to file a claim as their satellite systems award them automatically.


And software engineering helped Escala and Paygo Energy to automate most of their back-office processes to be responsive to their customers. It is easier and more affordable than ever for startups to leverage affordable SaaS solutions to architect their systems. Likewise, cloud computing is also a powerful technology that offers simplicity, lower costs and flexibility. There is no need to commit capital to purchase hardware and the team requires less engineering talent to keep the servers going.

Conclusion

In our experience, companies that harness the powerful combination of design, product management and modern technologies create better and more tailored value propositions. That makes for happier customers, which is what makes businesses thrive. By driving more usage, the fintech triad can create more impact in low-income populations. And digital channels and automated processes can significantly lower costs of serving customers, allowing for expansion to new markets and reducing exclusion.


Learn more by joining us for our webinar on the Catalyst Fund toolkits during the ANDE Sector Update call in January. Register here.


Tags:  Acceleration  accelerator  accelerators  Africa  ANDE Africa  Base of the Pyramid  brazil  Business Models  capacity development  early stage ecosystem  emerging markets  entrepreneurship  finance  financial inclusion  fintech  Grants Rockefeller  impact investing  impact investment  inclusive innovation  India  India; ANDE members  innovation  Kenya  Latin America  mentoring  Mexico  SGBs; accelerators; East Africa  smaholder farmers  smes  social enterprise  social entrepreneurship  social innovation  webinar  West Africa 

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AXiiS is closing the gap with 6 billion (USD) in assets under management ready for SMEs to access finance Today!

Posted By FAST International, Finance Alliance for Sustainable Trade, Wednesday, April 12, 2017
Updated: Thursday, April 13, 2017
https://youtu.be/I4QvUzUwkxQ

About AXiiS:

Unique in its industry, Access and eXchange impact investment for Sustainability (AXiiS), is populated with local Financial Advisors based on their grounded work in the field with agriculture and forestry SMEs in Africa, Latin America and the Caribbean, ensuring sustainable investment ready cases.

Selected SMEs are profiled based on criteria ensuring their investment-readiness, while collecting relevant data on investment in agriculture and forestry sectors. It showcases blind profiles of SMEs and Financial Service Providers to ensure security and to enhance the matchmaking process.

To join or find out more, visit: www.axiis.ca

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Tags:  A Access to Finance  apps4africa  asset finance  banking  capacity development  climate resilience  emerging markets  Environment  environmental impact  finance  Global. Development  India; ANDE members  Investors  Latin America  news  nicaragua  Performance Measurement  Rwanda  Scale  SDGs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  smaholder farmers  small and growing agrobusiness  smallholder farmers  smes  social impact  supply chain  sustainability  sustainable development  Tanzania  Uganda 

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Asset Finance: An Opportunity for Small & Growing Agribusinesses

Posted By Paula Rodriguez, InspiraFarms, Tuesday, December 13, 2016

Asset Finance: An Opportunity for Small & Growing Agribusinesses 

Asset financing has emerged as a promising new model for agricultural finance attracting a growing number of investors to the sector. However, small agribusinesses in developing countries still face significant challenges accessing investment capital, including unrealistically high collateral requirements and unaffordable interest rates. With traditional financial institutions providing less than a sixth of the $200 billion required to fund smallholder agribusiness globally, how can small agribusinesses ensure they are best positioned to attract investment and financing? Moving the Needle: Critical Success Factors for Scaling Asset Finance outlines the factors critical for success. To access the full report developed by !nspiraFarms - http://www.inspirafarms.com/articles-publications/

Tags:  Access to Finance  finance  smaholder farmers  small and growing agrobusiness 

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CrossBoundary Energy Fund I raises $8M - First dedicated fund for C&I solar in Africa

Posted By CrossBoundary, Monday, December 7, 2015

CrossBoundary Energy today announced the first close of CrossBoundary Energy Fund I, Africa’s first dedicated fund for Commercial & Industrial solar. Over the next 18 months, the fund will deploy over $25M to build solar facilities to power African enterprises through the SolarAfrica platform.

Due to a dramatic fall in cost, solar is now a viable alternative energy source for businesses in Africa. But it needs finance to be attractive.

Across Africa, economic growth is stifled by expensive and unreliable electricity. This challenge represents an immense opportunity for investment. Matt Tilleard, co-Managing Partner of CrossBoundary observed, “Africa is undergoing an energy revolution and has become a laboratory for pioneering new methods of energy delivery. A key driver of this has been the dramatic fall in cost of solar power – down by over 80% since 2008. Solar is now often cheaper than the grid in a majority of African countries”

Jake Cusack, co-Managing Partner at CrossBoundary, noted that “For many of the businesses that drive Africa’s growth, solar power is now an alternative source of cheaper and cleaner energy. However adoption remains low due to two barriers. First, solar has a substantial upfront cost. Without financing, solar installers are typically only able to offer upfront purchase of the solar system.  This means that the customer has to pay the full cost of 25 years of electricity on the first day. Second, many customers are unfamiliar with solar and reluctant to take responsibility for the technical and operational details of the system.”

Mr Tilleard said, “In markets such as the US, both these barriers were removed through the introduction of financed solar solutions. Instead of paying upfront, the financier builds the solar asset and the customer enters into a long term Power Purchase Agreement (PPA). With today’s announcement, we are bringing the same financed solar solutions to Africa. Financing is now available to make cheaper, cleaner energy a reality for African enterprise.”

Empowering project developers through the SolarAfrica platform

CrossBoundary Energy will deploy its investment capital through SolarAfrica, a platform that provides solar installers a fully financed ‘PPA in a box’ to offer customers. SolarAfrica brings together CrossBoundary Energy’s financing with technical oversight and asset management services from NVI Energy. Through SolarAfrica, CrossBoundary Energy allows solar installers to offer Power Purchase Agreements (PPAs) to African firms – enabling them to pay for the solar assets over time, just as they would pay for grid electricity or diesel fuel.

Mr Tilleard said “SolarAfrica already has a strong network of partners and we are actively looking for new installers or developers who are interested in offering a financed solar solution to their potential customers. We are currently in operation in Kenya and are hoping to expand to up to three additional countries in the next three to six months. Our funding is available for solar projects above 100 kWp that serve commercial and industrial customers.”

A ground-breaking transaction

CrossBoundary Energy has raised US$8m in equity to provide solar power for African enterprises. After debt leverage, CrossBoundary Energy Fund I intends to invest a total of over US$25m in solar assets over the next 18 months.

Mr Cusack observed, “The fund is a unique and innovative financing platform that will pioneer an entire new asset class in Africa. It is backed by a prestigious group of investors from the USA and Australia attracted both by the commercial returns and the opportunity for positive environmental and economic impact.” Investors include Blue Haven Initiative, TreeHouse Investments and Ceniarth.

Power Africa has been a crucial supporter of CrossBoundary Energy. Through Power Africa, the Overseas Private Investment Corporation (OPIC) provided an early-stage grant to support establishment costs and the United States Agency for International Development (USAID) provided a $1.3M first-loss contribution to the fund. Mr Tilleard noted that this “was a groundbreaking innovation by USAID that helped attract private investors to this opportunity.”

In addition, the Shell Foundation, an independent charity, has also provided grant funding and business support to accelerate CrossBoundary's expansion into markets outside of Kenya and lay the groundwork for follow-on funds.

The transaction was led by Chadbourne & Parke LLP with local counsel support from the Africa Legal Network and Viva Africa. Ikenna Emehelu, a partner at Chadbourne said: "We helped solar companies create a market for distributed energy in the US.  We have seen that mass-market adoption of renewable energy occurs not when technology becomes available, but when it becomes affordable. By pooling institutional capital to finance upfront installation costs of solar systems, CrossBoundary has made solar affordable for the malls, hotels, schools and small businesses it serves in Africa.  Chadbourne congratulates the CrossBoundary team whose tenacity and vision has unlocked a promising new market in Africa."

CrossBoundary Energy’s first investment pioneers new ground in East Africa

At fund close CrossBoundary Energy also announced that its first major investment is an 858 kWp solar installation at the newly opened Garden City Mall in Nairobi. Mr Tilleard announced “It is the largest rooftop solar system in East Africa and the largest solar carport system in Africa. It is also the largest solar PPA that we are aware of with a private consumer in Sub-Saharan Africa.   This is an exciting first step on CrossBoundary Energy and SolarAfrica’s mission to introduce solar-as-service to African enterprises.”

Conclusion

Providing clean energy for African businesses represents a major commercial and environmental opportunity. The development of innovative energy financing and business models in Africa means the continent could have smarter, cleaner and more decentralized electricity infrastructure than developed countries. Mr Cusack noted that “Through the first dedicated fund for Commercial & Industrial solar, CrossBoundary Energy hopes to help Africa take a clean path to development through a transition to improved infrastructure and increased economic productivity with minimized environmental impact.”

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About CrossBoundary

CrossBoundary is an innovative investment firm that provides transaction and economic advisory services to help unlock capital for positive change in underserved markets. The firm was founded in 2011 and has worked across a range of frontier markets and also developed innovative mechanisms to attract investment in fragile states affected by conflict such as Afghanistan and Mali. Recently, the firm has launched CrossBoundary Energy, the first dedicated investment fund for commercial and industrial solar in Africa. 

 

Tags:  africa  Business Models  Capital Aggregation  East Africa  energy  finance  Financing Mechanisms  impact investing  impact investment  Investors  Kenya  Private sector development  sustainability  sustainable energy 

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Development Innovation Ventures (DIV) follow-up info

Posted By Kristen Gendron, U.S. Agency for International Development, Friday, January 30, 2015

ANDE members,

Thanks to those who joined yesterday's webinar on Development Innovation Ventures (DIV)! It was great to connect and hear your insightful questions.

We are excited about working with ANDE members to help drive great innovators to the financial and non-financial resources DIV can offer. I am sharing with you some tools that will be helpful in those efforts. Below/attached you’ll find:

  • Quick description of DIV  
  • Draft social media content: many DIV applicants have found out about us through social media
  • DIV Factsheet (attached): feel free to share widely

I look forward to connecting further with your organizations in these efforts. Please feel free to reach out to me in the ANDE portal anytime.

Warm regards,

Kristen and the DIV team

***********************

About DIV

Development Innovation Ventures is an open competition supporting breakthrough solutions to development challenges around the world. DIV is looking for applicants in any sector, from any organization, company, or individual in almost any country in the world whose innovative ideas match our principles of cost-effectiveness, evidence of impact, and potential to scale. DIV invests grant financing in winners ranging from under $150,000 to $15 million.

Social Media Tools

Twitter

  • Looking for seed financing or scaling support? @DIVatUSAID winners receive up to $15M. Apply today http://goo.gl/dHJ44d
  • Help spread the word about @DIVatUSAID to innovators in #GlobalDev around the world! Apply now! http://goo.gl/dHJ44d
  • #Innovation competition @USAID looks for bold #globaldev ideas from anyone, anywhere. Apply to @DIVatUSAID now. http://goo.gl/dHJ44d

Facebook

  • Do you have the next big idea to change the world? Apply to USAID’s Development Innovation Ventures. You could receive up to $15M for your innovative solution. http://goo.gl/dHJ44d
  • Need seed funding to test and scale your development solution? USAID’s DIV accepts proposals year-round for innovations that will solve the world’s biggest development challenges. Apply now! http://goo.gl/dHJ44d
  • USAID’s DIV is an open competition supporting breakthrough solutions to development challenges around the world. Ideas can come from anyone, any sector, anywhere. Submit your application today http://goo.gl/dHJ44d 

Fact Sheet

Attached to give innovators an overview of DIV. This also on the DIV website.

 

*PS  - If you missed the ANDE - DIV 101 session yesterday and would like to watch, please connect with your membership manager Susannah Eastham.

 Attached Files:

Tags:  Acceleration  Access to Finance  early stage ecosystem  finance  Global. Development  Grants  Grants Rockefeller  High-Growth Entrepreneurship  impact evaluation  impact investment  innovation  Investors  missing middle  Philanthropy; impact investing  Private sector development  Public sector  social ent  social enterprise  social impact  social metrics 

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USAID competition now rolling to support innovations any day of the year, any sector, any country.

Posted By Kristen Gendron, U.S. Agency for International Development, Tuesday, October 7, 2014

Development Innovation Ventures (DIV), USAID’s open innovation fund, now accepts applications for innovative development solutions on a rolling basis, any day of the year. We are currently entering our fall application cycle, and looking for your help directing the best innovators to our competition.

Help us spread the word and apply today! Winners receive $150,000 to $15M depending on stage, plus nonfinancial assistance through a swat team of DIV portfolio advisers to support their organization’s growth. Proposals can be in any sector and any country in which USAID can operate.

To learn more, share with your networks, or to apply, see fast facts and tweets below, and visit DIV's website for more information.

About DIV


Development Innovation Ventures (DIV) is an innovation fund within USAID that sources, tests, and supports the growth of proven, cost-effective interventions.  Using a venture-capital approach, DIV directly invests USAID dollars through its global platform in solutions that demonstrate impact and have the potential to achieve sustainable scale.  

 

Applying to DIV: 5 things you need to know


  1. DIV invests across 3 stages of growth with grant funding ranging from under 150K to 15 million. Applicants select a stage based on how much evidence, if any, they have previously gathered of their solution’s success.

  2. DIV looks for solutions based on three pillars: 1) cost-effectiveness relative to alternative solutions; 2) evidence or plans to gather evidence of the solution’s impacts; and 3) the applicant’s plans to sustainably scale the solution beyond DIV if it is proven successful.

  3. DIV is about open innovation. That means the competition accepts applications every day of the year. Solutions can be in any sector and any country in which USAID operates. And proposals can come from any type of organization anywhere in the world.

  4. DIV uses a two-step application process. The first step is a 5 page business plan, or letter of interest, that is intended to be a light lift for both the applicants and the reviewers to assess whether the organizations are a potential fit. If you are invited to the next stage, DIV asks applicants to submit a more in-depth proposal that is evaluated by a panel of experts for final selection.

  5. DIV’s guiding document provides more thorough information on how to apply, what we look for, and what applicants can expect in our process. Use the APS in assessing your fit with DIV and in filling out your application!


Spreading the word on social media:

  • Looking for seed financing or scaling support? @DIVatUSAID winners receive up to $15M. Apply today http://goo.gl/lv6WvV
  • Help spread the word about @DIVatUSAID to innovators in #GlobalDev around the world! Apply now! http://goo.gl/lv6WvV
  • #Innovation competition @USAID looks for bold #globaldev ideas from anyone, anywhere. Apply to @DIVatUSAID now. http://goo.gl/lv6WvV
  • Awesome competition to apply to: @DIVatUSAIDlooking for innovative development solutions. Apply today http://goo.gl/lv6WvV #SocEnt
  • .@DIVatUSAID is looking to fund the next big idea in #GlobalDev. Apply now! http://goo.gl/lv6WvV

Learn more:

Visit us online here.


Tags:  Access to Finance  Asia  Business  Business Models  early stage ecosystem  emerging markets  Entrepreneurship  finance  Grants  impact investing  impact investment  Latin America  Philanthropy; impact investing  Scale  social enterprise  Social Entrepreneurship 

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Pathways to Impact Investing

Posted By Jaime Gusching, Global Social Benefit Institute at Santa Clara University, Tuesday, September 23, 2014
Updated: Tuesday, September 23, 2014
 
There is a growing interest to combine personal investment choices with meaningful social and environmental impact. Coined in 2007, Impact Investing now encompasses a broad array of investment choices.

Pathways to Impact Investing will help you understand the sector landscape, plan your impact strategy, and learn from other impact investors how they make direct and indirect investments. 

This case‐led 3 day course, October 27 to 29, 2014, is hosted by Santa Clara University in collaboration with Toniic, SV2 and The Philanthropy Workshop – and presents a practical guide for investors. John Kohler, ANDE's member of the year, will be spearheading the program. 
 
Pathways to Impact Investing is oriented toward asset owners and advisors who are serious about including impact in their investment choices. 

Participants will come away with a better understanding of investment choices and impact measures, techniques for assembling a portfolio, and a personalized action plan for making impact investments. 

Learn more and register here

 Attached Thumbnails:

Tags:  Finance  Financing Mechanisms  impact investing  impact investment  social entrepreneurship 

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SCOPEinsight Insights Report

Posted By Wies van Leeuwen, SCOPEinsight, Monday, March 31, 2014
It is with pride and pleasure to present SCOPEinsight's first Insights Report. 

The Insights that we give in this report: 
  • First indications of the relationship between professionalism and access to finance
  • Finance needs and other characteristics of producer organisations
  • SCOPEinsight's assessment portfolio, including data and statistics
  • First analyses of the level of professionalism and the strenghts and weaknesses of producer organisations
  • And much more...
The report also discusses the SCOPEinsight context, our tools & products, the lessons learned and our agenda for growth. 

We hope that you enjoy reading this Insights Report. For feedback or questions, please e-mail Anne Schoemaker, Global Operations Manager, via anne.schoemaker@scopeinsight.com.


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Tags:  agriculture  entrepreneurship  finance  innovation 

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