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New Ventures Ditch the Product Invention Lab, Target Distribution Instead: The 12 D-Prize Competition winners are all about sharing proven tech, innovations – not inventing them
Some 500 teams of aspiring entrepreneurs pitched their idea for a new poverty-fighting venture as part of the D-Prize competition. This is no doubt impressive. But what is truly remarkable is that not one single team sought to invent a new technology or poverty intervention. Instead of spending resources inventing a new product, these ventures will distribute solutions that already exist.
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Comply or Explain: Corporate India takes on a new model of CSR
Corporations and NGOs are still working to interpret and implement India’s Companies Act, which requires corporations to spend 2 percent of their average net profits on corporate social responsibility. The law affects about 8,000 companies that will spend a combined total of about $3.2 billion. The Companies Act was the centerpiece of the 2nd Global Conference on CSR in India last week.
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Watch the Replay of our Latest Google Hangout: ANDE’s Randall Kempner on what’s ahead for SGBs
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.
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- Investing
