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Accelerating Social Unicorns: How an Impact Accelerator is Supporting the Innovators Who are Tackling the World’s Biggest Problems
The holy grail in venture capital is to invest in a “unicorn” — a startup that achieves a valuation of over $1 billion. But as Leslie Labruto at 100x Impact Accelerator explains, this approach overlooks the businesses and organizations that are tackling pressing societal issues at scale. She argues that it’s time to shift the focus to "social unicorns" that aim to make a massive positive social impact, and explores three keys to these enterprises' success.
- Categories
- Investing, Social Enterprise
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Asian Development Bank Approves $400 Million Loan to Support Bangladesh’s Economic Recovery
Promoting gender equality and social inclusion and addressing the climate change agenda in public investment and national budgeting are some of the key activities of this new program.
- Categories
- Investing
- Region
- Asia Pacific
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How Innovation Created an Off-Grid Solar Market in Rural Bangladesh — And What Other Countries Can Learn from this Model
In the early 2000s, a small-scale World Bank pilot project in Bangladesh unexpectedly grew into the largest off-grid solar program in the world. According to Nancy Wimmer at microSOLAR, the program's success provided the rest of the world with a model for how low- and middle-income countries can develop a nationwide, rural market for decentralized solar systems driven by home-grown companies. She explores how other countries can adapt Bangladesh’s market-creating innovations to their own local environments.
- Categories
- Energy, Technology
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Kenyan Retail-Tech Startup Wasoko Expands to Zambia
Launching its central hub in Lusaka, Wasoko’s operations will enable small retailers across the city to access an affordable range of products.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation, MSMEs, startups, supply chains
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The Global Impact of South-South Cooperation: The Case for Teaching Developing Countries’ Solutions to Business Students Worldwide
South-South Cooperation empowers developing countries to create home-grown solutions to development problems, and to share them with other countries in the Global South. According to Mette Morsing at Principles for Responsible Management Education, the business sector has a key role to play in scaling these solutions in both the Global South and North. But for that to happen, she argues that business schools must focus on increasing knowledge exchange between emerging market innovators and their peers in the developed and developing worlds.
- Categories
- Education, Technology
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Press Release: Digibee Receives $60 Million Series B Funding to Continue Focusing on Growth and Expansion in the US and on Further Success in Latin America
This partnership announcement with Digibee reinforces the commitment of our Growth Equity business in Latin America.
- Categories
- Technology
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Press Release: Sistema.bio Inaugurates ‘World’s Largest Manufacturing Facility for Biogas Plants’ in India
The launch of the world's largest biodigester manufacturing facility marks a significant milestone in the sustainable energy landscape.
- Categories
- Agriculture, Energy, Social Enterprise, Technology
- Region
- Asia Pacific
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Google Leads $36 Million Round in Pixxel in India Spacetech Bet
Google’s investment is the third instance of an overseas entity investing in a homegrown space startup.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- innovation, startups