Redefining Growth
The role of Inclusive Business for inclusive growth
Inclusive Businesses (IB) are defined as commercially profitable companies whose core business model is to provide innovative systemic solutions in scale to the problem of the poor and low income people under the $3 a day international poverty line in Asia (or about 60% of Asia’s population, also referred to as the Base of the Pyramid (BoP).
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In the Spotlight
SE Showcase: India is a nation of diverse cultures, religions and languages. Yet there are social issues that pervade all of India. In response, Social Enterprises (SEs) are pioneering a variety of innovative approaches to address these issues.
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Entrepreneurs in developing countries continue to excite us with their ideas to address the various social and/or environmental problems that plague the planet. For these ideas to become tangible solutions, entrepreneurs need capital and guidance to pilot, develop, and deploy their products and services to reach commercial viability, scale and create positive social and environmental impact.
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Country Insights
Inclusive Business Growth in Asia
Women agriculture producers celebrating their harvest. ©Oxfam
Business and the private sector play a key role in spurring Asia’s much vaunted economic growth. However, despite the region’s rapid economic expansion, the gap between the rich and the poor continues to increase. The concept of inclusive business growth is rooted in the belief that business is not only about profit and economic expansion.
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Reflections
A conversation with the CEO of Becton Dickinson
In a recent conversation with Vincent Forlenza, CEO of Becton Dickinson, we came to know about their in depth involvement in inclusive business.
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Investor's Corner
How to be an Effective Impact Investor
There is an incredible movement going on in the impact investing space, and more and more investors are interested to learn what sets impact investing apart from traditional investing and what unique challenges an impact investor might face. On 18 March 2014, IIX and Shujog teamed up in the latest Impact Academy “How to be an Effective Impact Investor” to share their experience.
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Our Impact
(From left to Right) Social Enterprise Training in KL, Malaysia; Clinton GLobal Initiative (CGI), New York; IIX Indian Social Enterprise Showcase in partnership with BANSEA; Social Enterprise training in Singapore
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Partner Feature
From nextbillion.net – It's Time for Inclusive Business to Move Beyond Pilots
Just half a decade ago the concept of inclusive business was born, and already it seems that we are reaching early retirement. The birth was conceived in the womb of the United Nations and the headquarters of the World Bank, with the participation of the World Business Council for Sustainable Development and the International Business Leaders Forum. Universities like Cornell and Harvard nurtured the concept and businesses were quick to adopt it and nurse it in their action strategies.
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Advocacy News
Impact Forum 2014: From Niche to Mass
Impact Forum 2014 is the premier gathering of global stakeholders from Asia, Europe and Africa in the social capital market space. Together investors, entrepreneurs and intermediaries will brainstorm on how to deepen and accelerate social finance, work together to propel it from niche to mainstream and galvanize transformational change across continents in a sustainable way.
Impact Chat
(Empowering Millions Through Disruptive Technology at School of Thought)
On 18 February 2014, IIX and Shujog hosted our first Impact Chat of the new year, titled “Empowering Millions Through Disruptive Technology”. Held at the auditorium of a local social enterprise School Of Thought, the Impact Chat featured an interactive discussion on the topic of how disruptive technology can empower individuals to access greater opportunities and impact millions of lives in a sustainable way.
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IIX and Shujog partnered with KKR to assist East Bali Cashews
IIX and Shujog and leading global investment firm Kohlberg Kravis Roberts & Co. (KKR) to assist East Bali Cashews to refine its business plan enhance its financial model and quantify its social impact.
Voices from the Field
Lay of the land: Sri Lanka
This summer, the island nation of Sri Lanka will celebrate the fifth anniversary of the end of its civil war. The war cost the country an estimated 100,000 lives and had significant impact on economic and social development. The tsunami of December 2004 added to the devastation by claiming over 35,000 lives and the livelihoods and vessels of over 75% of coastal fishermen in the country. The government and policymakers in Sri Lanka are now focused on recovery and growth. The GDP of the country has grown between 6-8% over the last four years.
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