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Spinning Off a Tech Firm from a Nonprofit: How to Solve the ‘Innovator’s Dilemma’
Social impact technology startups capture a lot of media attention – leading to the impression that, on the whole, most are successful. In reality, failure rates are high. Brent Chism, CEO of TaroWorks, discusses the reasons why these businesses often falter. He also shares how his company and its parent organization, Grameen Foundation, were able to sidestep common pitfalls through smart funding strategies, well-timed adjustments and wise managerial choices.
- Categories
- Social Enterprise, Technology
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‘Results’ Don’t Equal ‘Impact’: What the Social Business Sector Can Learn from Non-Profits’ Approach to Impact Measurement
It’s common knowledge that non-profits are often beholden to data-hungry donors - hence their focus on long-term impact assessment. But how those organizations measure impact has implications for the rest of the social sector - including for-profits, which often lack a clear assessment strategy. Sarah Sterling of Pomona Impact ponders how impact measurement can be improved across the sector, and discusses a simple tool used by non-profits that could be extremely useful for social business.
- Categories
- Impact Assessment, Social Enterprise
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Stop Looking for the Next ‘Uber for X’ and Start Changing the World
The paradigm of the Silicon Valley "tech bro" pioneering the next "Uber for (whatever)" has become a cliché. Its ubiquity is a distraction, says Alex Amouyel of MIT Solve – one that excludes social innovators from much-needed funding and keeps those with capital from making real change through their investments. Instead of looking for the next unicorn and quick exit, she argues, investors should expand their definition of “venture-backable” entrepreneurs to include those driving transformative, mission-driven impact.
- Categories
- Social Enterprise, Technology
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Low Tech, High Impact: An Affordable, Hand-Powered Innovation Aims to Boost Food Production in Africa
For many global development players, high-tech innovations are the go-to solution for challenges in emerging markets. But according to Taylor Quinn of JUST, Inc., low-tech approaches can be even smarter. He discusses the promising potential of locally made and hand-powered machines in emerging economy value chains, and explores how JUST is using one such device to improve food security, increase access to quality nutrition and promote entrepreneurship in Liberia.
- Categories
- Social Enterprise, Technology
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Step by Step Credit: Empowering the Unbanked through Progressive Finance
Despite notable progress in the financial inclusion sector, widespread, permanent change remains elusive. The good news, says Aristotle Socrates at Juvo, is that not only is this change possible, but everything we need to make it happen already exists. In fact, it might be as easy as setting aside long-held assumptions about the role of wealth and income in establishing credit. He outlines how improved data infrastructure is connecting lenders to creditworthy customers, producing big gains for both providers and the financially excluded in the developing world.
- Categories
- Finance, Telecommunications
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Turning Intentions into Action: How to Boldly Implement Gender Lens Investing
There is strong evidence around the business case for investing in women, yet many asset managers and impact investors remain unsure about how to integrate a gender lens into their organization’s investment strategy. Though the process can take time to implement effectively, and will differ from institution to institution, David Venn offers several key questions that can help investors take the first step.
- Categories
- Investing, Social Enterprise
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Home Solar + Microfinance: Mitigating Risks and Maximizing Rewards
The social impact of home solar systems in off-grid villages has shown itself to be broader than initially thought. But while social enterprises continue to roll out new forms of solar, financing their purchase can put these innovations out of reach for the low-income households that need them most. Mark Roesink of Oikocredit shares how weaving responsible microlending into the solar industry could generate greater impact for energy access in emerging markets like India and Kenya.
- Categories
- Energy, Social Enterprise
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Climate-Proofing Poverty Graduation Programs: A New Study Explores Solutions
Imagine building a business from the ground up – only to see it literally washed away with every drought and flood due to the effects of climate change. These weather-related cycles, which disproportionately impact women, keep millions in poverty and threaten millions more. Nicole Mills with The BOMA Project and Alex Russell with the Feed the Future Innovation Lab detail a new project pairing poverty graduation programs with livestock insurance – and discuss the randomized control trial designed to see if it actually works.
- Categories
- Agriculture, Education, Impact Assessment
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