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Fear of a Jobless Planet: Can Entrepreneurship Counter the Coming AI Employment Crisis?
Imagine a future where robots are capable of doing just about everything under the sun, rendering countless professions across practically every industry obsolete. The first part of that dystopian vision has already come to pass. The second part hasn't, but could well be coming. What might be the solution? According to what we learned in July – entrepreneurship month at NB – it might fall on small businesses to answer the challenge.
- Categories
- Social Enterprise, Technology
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Innovations in Financial Inclusion: Delivering Capital to MSMEs and Growing Businesses in India
India's 51 million-plus micro, small and medium enterprises are critical drivers of growth in the nation's economy, employing an estimated 115 million people. But due to several factors, including information asymmetry, the sector has been unable to access credit as readily as larger corporations. Intellegrow CEO Akbar Khan discusses some innovations and initiatives that are helping deliver capital to these vital businesses.
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- Investing, Social Enterprise
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Entrepreneurship is a Skill, Not a Talent: The Power of the Group-Based Graduation Model
Village Enterprise implements a cost-effective, group-based, one-year graduation program for rural Africans who live on less than $1.90 per day. The organization believes that entrepreneurship is not just for the naturally business-minded, it's a skill like leadership or teamwork that can be fostered and learned. Its aim, therefore, is to unlock the potential of those who are entrepreneurs by nature and instill the skills of entrepreneurship in those who are not.
- Categories
- Social Enterprise
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‘Ready, Steady, Scale!’: A Practical Tool to Assess Your Social Business
To scale in base-of-the-pyramid markets, social ventures need to learn to operate and grow in complex, uncertain and resource-limited markets, and become highly adaptive to market and social context. That's why the MIT Practical Impact Alliance developed "Ready, Steady, Scale!" It's a guide to help inclusive business practitioners better understand their organization’s readiness for scale and to clearly identify opportunities for improvement.
- Categories
- Social Enterprise
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Fixing the Social Enterprise Skill Shortage: Why a ‘Fundamental Rethink’ is Needed
Social business advocates and intermediary organizations often focus on supporting entrepreneurs themselves – but there is a bigger challenge lurking beneath the surface, says Amani Institute co-founder Roshan Paul. It's crucial to build the teams that organizations need to grow and thrive in the marketplace. The problem, however, is there's a shortage of resources focused on growing those teams and talents that make social enterprise possible.
- Categories
- Social Enterprise
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Social Impact Incentives: A New Solution for Blended Finance
In just six years, social enterprise Clínicas del Azúcar has grown into the largest private provider of specialized diabetes care in Mexico, but faces an almost constant challenge to balance its financial and social performance. That's where social impact incentives (SIINC) come into play. A new solution for blended finance, SIINCs align profitability with social impact by paying social enterprises directly for proven social outcomes.
- Categories
- Energy, Health Care, Investing, Social Enterprise, Technology
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Managing Trade-Offs Between Impact and Profit – Finding the Formula for BoP Business
Eugenia Rosca's study of small enterprises in BOP markets reveals that many of them have similar characteristics and are founded to respond to highly pressing local issues. The businesses usually identify a social need and develop a market to address it; then, in time, around one-third of them reported an increased orientation toward economic goals. To be successful, they should acquire skills, resources and capabilities for both social and economic activities.
- Categories
- Environment, Social Enterprise
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Addressing Eye Care in Emerging Markets with Blended Finance
WHO estimates that 39 million people suffer from blindness, more than half of them due to cataracts, and more than 90 percent of blind people live in the developing world. Cataracts are often curable but the traditional surgery is expensive. Convergence is supporting GlobalVision's plan to build on the affordable eye model that Aravind pioneered in India and establish a network of 60 eye care hospitals in emerging markets over the next 10 years, borrowing techniques from the microfinance sector.
- Categories
- Health Care, Investing, Social Enterprise, Technology
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