Many small and medium-sized enterprises in developing countries fall into the “missing middle”: They're too big for microfinance and too small or risky for traditional finance. To better understand this sector and how to support it, the Dutch Good Growth Fund (DGGF) commissioned studies on the entrepreneurial ecosystems of Benin, Cote D’Ivoire, Guinea, Mali, Senegal and Togo. WDI's Ekta Jhaveri discusses the research with Julia Kho, knowledge manager at TripleJump, an investment management and advisory services firm that manages DGGF’s Investment Funds Local SMEs effort.
The Global Accelerator Learning Initiative (GALI)--a partnership between the Aspen Network of Development Entrepreneurs (ANDE) and Social Enterprise @ Goizueta at Emory University--released its second major report revealing that emerging market entrepreneurs and accelerator programs are more similar to those run in high-income countries than previously believed. Across a range of countries, entrepreneurs that go through accelerator programs report more capital raised, more revenues, and more full-time employees.
- Press Release
The Aspen Network of Development Entrepreneurs (ANDE), the Department of Foreign Affairs and Trade, Australia (DFAT), and The Rockefeller Foundation announced a new partnership today that will aim to foster more inclusive, self-sustaining economies through entrepreneurship in East and Southeast Asia.
- Asia Pacific
ANDE’s State of the SGB Sector: The annual report shifts from making the case for SGBs to digging deeper on progress, challenges
Since 2009, the sector has raised $3 billion in committed capital. And last year, 22 SGB-inclined investment vehicles were launched, with the median target fund size reaching $66.5 million, up 33 percent from 2012.
Last month, the Aspen Network of Development Entrepreneurs celebrated its fifth anniversary. Where does the small and growing business and its investment community go from here, and what will be ANDE’s role in getting us there? We’ll ask those, and hopefully some of your questions, to ANDE Executive Director Randall Kempner in another of our Google Hangout chats.
The Best of 2013: What’s Next for Impact Investing?: The value of a formal fund structure to maximize impact
Impact investing has been building momentum both in the United States and abroad, promising to be a new model for sustainable development. Numerous reports in the past two years have pointed out the growth of the industry. Yet despite this promise, the industry faces many challenges. Here’s what some organizations are doing to address these challenges.
A new working paper doesn’t simply look at what small and growing businesses (those categorized seeking growth capital of between $20,000-$2 million) need to be doing, but what the “intermediaries” need to be doing to lift budding businesses.
“Can business solve poverty? If you think it can, raise your hand.”When I asked that question from the podium earlier this week at the Aspen Network of Development Entrepreneurs' (ANDE) annual meeting, nearly every one of the 200 members packed into the room raised a hand.