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NexThought Monday: Can a Checkbox Change the World?: How behavioral economics can catalyze more capital in impact investing
The foundation of behavioral economics is the fact that human decision-making usually isn’t rational, but driven by emotion, framing, and a million outside influences. I’ve been exposed to these theories in action in policy making, marketing, consumer research, and public health, so when I started studying and working in the field of impact investing, I was curious to see what behavioral theories could be applied to the field.
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- Education
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- impact investing
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iHub: Experiencing the Energy at Nairobi’s Innovative ICT Hotspot
iHub currently connects to more than 8,500 members through a weekly newsletter and events that include Start-up Pitch Night, Fireside Chats, and Hack-a-Thons. A tiered membership scheme gives select members daily access to the facility, including the 20MB Internet connection and space for meetings, Internet use, networking, and collaborative projects.
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- Technology, Telecommunications
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WAMDA: Inspiring, Empowering and Connecting Entrepreneurs in the MENA Region
Launched by Abraaj Capital at 2010 milestone event “Celebration of Entrepreneurship” in Dubai in 2010, Wamda has evolved to be a major entrepreneurship platform in the region. It nurtures entrepreneurship both online as well as offline by combining an information outlet, funding opportunities, and additional programs – each specifically catered to entrepreneurs in the MENA region.
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Healthcare Research Paper Published: Increasing Access to Malaria Meds Focus of Research
The first paper from a just-completed, multi-year extensive research project on how to increase the availability of subsidized medicines in remote areas has been published. The paper, “Trends in availability and prices of subsidized ACT over the first year of the AMFm: evidence from remote regions of Tanzania,” was published in Malaria Journal. It was written by WDI Director of Healthcare Research Prashant Yadav and others -including WDI Healthcare Research Associate Sarah Alphs and WDI Healthcare Research Assistant Pete Larson.
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- Education, Health Care
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When Tropical Storm Isaac Hit, Microinsurance Payouts to Haiti’s Small Business Owners Quickly Followed
Through a for-profit reinsurance company called MiCRO (Microinsurance Catastrophe Risk Organisation), formed in March 2011 by the global humanitarian agency Mercy Corps and Haiti’s largest microfinance institution Fonkoze, female microentrepreneurs who hold policies will have their loans cancelled and receive a $125 USD payout to replace damaged inventory or repair homes or businesses.
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After the Revolution: Fostering Egypt’s Social Entrepreneurs, Generating an Inclusive Economy: A report from the 2012 Ashoka Innovation Network Forum
In late June, Ashoka Arab World hosted its sixth annual Ashoka Innovation Network (AIN) Forum, convening over 70 participants including Egypt’s business entrepreneurs, corporate representatives interested in leveraging business’ role in social change, established and aspiring social entrepreneurs, young professionals from the business and civil sectors, community leaders and media. The excitement was evident as the forum filled with concerned stakeholders, and provided a safe space for these leaders from diverse sectors to air their challenges honestly.
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Overcoming the Challenges in Mobile: Living Goods hopes to follow in the footsteps of Amway, Avon, and Tupperware
With a core business in health care sales, Living Goods is no stranger to behavior change. Despite the challenges to rolling out a new mobile system to a sales force of 250 women, most over 40 years old, 60 percent of who had never used SMS before, the organization is seeing some early successes.
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- Health Care, Technology
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After Invention, it Only Gets Harder: Technology distribution isn’t as sexy as innovation, but it’s critical
However noble an engineer’s aspirations may be, mere invention is not enough. Functional sales, marketing, distribution, and after-sales service strategies are required to get technologies into the hands of people they are intended to benefit. Without this holistic picture, technologies fail to achieve significant impact, and are essentially designed in vain.
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