BOP Learning Lab India
The BOP Learning Lab, an on-the-ground research project run through Cornell’s Center for Sustainable Global Enterprise, will soon have an Indian arm. NextBillion ally Reuben Abraham (photo) reports on his Zoo Station weblog:
I have a joint appointment with the Cornell Center for Sustainable Global Enterprise and the Indian School of Business (ISB) in Hyderabad. I am heading up the process to set up the Center in India as a joint partnership between Cornell and the ISB. Under the umbrella of the center, we are also setting up a Base of the Pyramid Learning Lab and a Sustainable Innovations Lab. The entire project is headed up Stuart Hart at Cornell, who co-authored the famous “Fortune at the Base of the Pyramid” paper with C.K. Prahalad.
I selfishly hope Reuben will find the time to write about his experiences running the Lab, since that kind of from the field reporting is scarce. So far, he’s given us a skeleton work plan:
1. Academic: publishing, conferences, seminars, academic exchange programs etc, to promote the role of the private sector, technology, and capital markets in economic development.
2. Strategy Consulting: to MNCs, foreign companies and Indian Corporations that want to tap lower middle and low-income markets in India.
3. SME Incubation: the incubation component will consist of reducing transactions costs by providing access to finance (through a financing value chain that extends from micro-finance to venture capital and private equity); access to best practices, technologies and knowledge networks; and access to managerial capacity building.