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Perspective: The Trillion-Dollar Opportunity in Supporting Female Entrepreneurs
There is much discussion and debate about how to support female entrepreneurs — and rightly so. Currently, women-led businesses are less likely to survive, despite evidence that their startups are often highly successful. New analysis by Boston Consulting Group (BCG) shows that if women and men around the world participated equally as entrepreneurs, global GDP could ultimately rise by approximately 3% to 6%, boosting the global economy by $2.5 trillion to $5 trillion. So how do we support female entrepreneurs?
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- Entrepreneurship
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Five Ways the Private Sector Can Align with the Sustainable Development Goals
How can the private sector advance the UN’s Sustainable Development Goals, and what’s the best way to measure the success of these efforts? Those questions were among the topics explored at the recent Sustainability and Development Conference at the University of Michigan. Yaquta Kanchwala Fatehi and Dana Gorodetsky at the William Davidson Institute attended the event, and they share some essential insights on the private sector’s role in supporting the SDGs.
- Categories
- Agriculture, Entrepreneurship, Environment, Impact Assessment
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My High-Profile Social Enterprise Shut Down, but It Wasn’t a Total Failure
Inspired by Broad Street Ministry‘s work on behalf of our fellow Philadelphians who are the most vulnerable, our local comfort food chain, Federal Donuts, set out to shine a light on the idea that hospitality is a fundamental human need.
- Categories
- Entrepreneurship
- Region
- North America
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Creating Jobs While Fighting Poverty: An Innovative Social Micro-Franchise Model Gains Traction in Haiti
All too many global development efforts fail to appreciate the value of a steady paycheck – or the role of small businesses as job creators in poor communities, says Marc Blumenthal at Social Ventures Foundation (SVF). This has stagnated poverty reduction campaigns, leaving vulnerable populations in need after government and NGO funds dry up. He shares SVF's efforts to reverse this dynamic, through social micro-franchise business models that address poverty-related issues, while also creating sustainable jobs in low-income communities.
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- Entrepreneurship, Investing
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Navigating the Informal Economy Is Vital for Africa’s Rural Youth: How Do We Help Them Do That?
Growing the formal employment sector is vital to the long-term health of African economies, but it’s not generating jobs fast enough for young people just entering the workforce. A partnership between the Mastercard Foundation and TechnoServe has provided training and mentorship to nearly 69,000 young people across rural Kenya, Rwanda, Tanzania and Uganda by helping them navigate existing opportunities in the informal sector. Chris Donohue at TechnoServe shares how helping young people build multiple sources of income is creating meaningful change in their lives.
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- Entrepreneurship
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Doing good found to take its toll as more social entrepreneurs report burnout
Passionate and dedicated to the cause, businesses leaders on a mission to help society and the environment are increasingly coming up against an unexpected hurdle - burnout. Globally social entrepreneurship is on the rise, with more businesses being set up with the aim of making a profit that can be used to address problems like unemployment, homelessness, mental health, knife crime and even loneliness.
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- Entrepreneurship
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Citi, OPIC and Ford Foundation Launch Scaling Enterprise, a $100MM Financing Partnership to Support Social Enterprises
Citi Inclusive Finance, the Overseas Private Investment Corporation (OPIC) and the Ford Foundation today introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets. The announcement was made at the 2019 SOCAP Conference.
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- Entrepreneurship, Finance, Investing
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On the Ground at SOCAP19: Live Interviews and Insights from the Social Impact Sector’s Flagship Event
NextBillion’s editors are on the ground at SOCAP19, live-tweeting from panels, conducting live interviews, and providing coverage of key conversations and innovators. We’ll be updating this blog regularly from Wednesday to Friday. Also, we’ll be broadcasting live Q&As with thought leaders in social impact from 11:00 am – 12:00 pm PST on Wednesday, and 2:00 – 3:00 pm PST on Thursday. You can view them live at NextBillion’s Facebook page, and we’ll embed the videos here after they’re over.
- Categories
- Entrepreneurship, Investing, NextBillion Originals
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