Ziqitza a ‘Driver’ Among Social Businesses: Ambulance company expanding rapidly, eyeing markets outside India
Ziqitza has grown from just 10 ambulances in 2005 to more than 800 today, has served more than 2.5 million people – many of whom live below the poverty line – and its annual revenue is roughly $20 million. The secret, according to its CEO, lies in its revenue model.
A team of engineers piggybacks on the recent spread of mobile phones and the Internet in India to educate patients as well as to change their unhealthy behaviors in a way they hope is scalable and cost-effective.
The human capital challenge spans every level of the enterprise including entry-level positions, mid-level management, senior leadership, and more often than not, governance. Proportionally, there simply aren’t that many experienced, successful business people who can serve as leaders or mentors in frontier markets, particularly in rural areas. We need new tactics to address the challenge.
Weekly Roundup – 11-9-13 – For Sale: Your Future: Should young people sell shares of their future earnings to investors?
Upstart is a crowdfunding company geared toward young people in the U.S. who are struggling with the cost of college education. It’s one of several new companies that allow investors to fund students’ careers, in exchange for a percentage of their future earnings. Is this a welcome innovation meeting a growing demand, or is it exploitation of the heavily indebted youth? We explore the topic in this Weekly Roundup.
Think Globally, Innovate Locally: If you’re trying to serve individual customers, you can’t be a plane ride away, says Accion Venture Lab’s Paul Breloff
Here’s a common quote among entrepreneurs: “We’re focused on the BoP in [pick an emerging market] – but our senior management team is based in [some fully emerged market].” But as Accion Venture Lab’s Paul Breloff argues, if you’re trying to serve individual customers, you’ve got to immerse yourself in the countless intangibles that make up their daily lives.
Derk Norde, who co-founded the BiD Network, believes even more than funding, social entrepreneurs need professional networks. He co-founded MovingWorlds, which matches volunteer professionals (AKA: "experteers”), with organizations and social enterprises.
Scott Anderson and Marzena Zukowska are your roving bloggers from this week’s Social Capital Markets Conference in San Francisco.
Here are just a few of the many snippets of wisdom they picked up during Day 2 (Wednesday) at the sprawling social investing gathering - taken from four of the day’s many sessions.
Many things amazed me in my travels across the growing tech startup ecosystem in the Middle East over the past two tumultuous years.
- North Africa & Near East