Money, Money: Where to Get It

Southern Innovator - - CONTENTS -

Where to Get It


In­no­va­tion Prize for Africa: The In­no­va­tion Prize for Africa , be­gun in 2011, awards US$100,000 for the top in­no­va­tion that matches its cri­te­ria of mar­ketabil­ity, orig­i­nal­ity, scal­a­bil­ity, so­cial im­pact and busi­ness po­ten­tial. Web­site: in­no­va­tion­prize­

Saïd Global En­tre­pre­neur Chal­lenge: SGEC is a global busi­ness-plan chal­lenge hosted by the Univer­sity of Ox­ford’s Saïd Busi­ness School. It is more than just a com­pe­ti­tion; based on the qual­ity of an ini­tial one-page busi­ness plan, ap­pli­cants will re­ceive men­tor­ship and guid­ance from the Univer­sity of Ox­ford’s busi­ness stu­dents and alumni to help to grow the ideas into prac­ti­cal, 10-page busi­ness plans. Web­site:

In­no­cen­tive: In­no­cen­tive is a chal­lenge to the world’s in­ven­tors to find so­lu­tions to real sci­en­tific and tech­no­log­i­cal prob­lems af­fect­ing the poor and vul­ner­a­ble. It is an open mar­ket­place where any­body with a prob­lem can post it, and re­wards for ef­fec­tive so­lu­tions stretch up to US$100,000. It uses rig­or­ous in­tel­lec­tual prop­erty pro­tec­tion so that ideas are not used with­out credit be­ing given to the in­ven­tor. Web­site: in­no­cen­

Grand Chal­lenges Canada: A grand chal­lenge is a spe­cific crit­i­cal bar­rier that, if re­moved, would help to solve an im­por­tant health prob­lem in the de­vel­op­ing world, with a high like­li­hood of global im­pact through wide­spread im­ple­men­ta­tion. Grand Chal­lenges Canada awards fund­ing to in­no­va­tive so­lu­tions to five chal­lenges. Web­site: grand­chal­ The Pioneers of Pros­per­ity Grant and Award: This com­pe­ti­tion is a part­ner­ship be­tween the OTF Group and the John F. Tem­ple­ton Foun­da­tion of the United States. It pro­motes com­pa­nies in East Africa by iden­ti­fy­ing lo­cal role mod­els that act as ex­am­ples of sus­tain­able busi­nesses in their coun­try/re­gion. It is open to busi­nesses from Bu­rundi, Kenya, Rwanda, the United Re­pub­lic of Tan­za­nia and Uganda. Five pioneers will re­ceive US$50,000 to rein­vest in their busi­nesses. It is open to for-profit busi­nesses that pro­vide high wages to their work­ers and that op­er­ate in sus­tain­able ways. Web­site: pi­o­neer­sof­pros­per­ /in­dex.php


West Africa Trade Hub: The Hub works with peo­ple to im­prove trans­port, ac­cess to fi­nance, the busi­ness en­vi­ron­ment and ICT to make Westafrican busi­nesses more com­pet­i­tive. Web­site: wa­trade­

Ex­porthelp: Pro­mot­ing and sup­port­ing ac­cess to the Euro­pean mar­ket: The Euro­pean Com­mis­sion runs a data­base for the ex­plicit sup­port of mar­ket play­ers in de­vel­op­ing coun­tries who want to bring their prod­ucts to the Euro­pean Union mar­ket. The data­base gives an over­view of the Euro­pean Union pref­er­en­tial trade regimes es­tab­lished for de­vel­op­ing coun­tries and lists all tar­iffs, taxes and other re­quire­ments for goods im­ported into the Euro­pean Union. Web­site: ex­

African Di­as­pora Skills Data­base: This data­base was com­piled to pro­vide an over­view of qual­i­fied African di­as­pora pro­fes­sion­als with var­ied ar­eas of ex­per­tise and ex­pe­ri­ence. The African di­as­pora con­trib­utes sub­stan­tially to the so­cial, eco­nomic and po­lit­i­cal de­vel­op­ment of Africa, and this data­base is set up to fur­ther mo­bi­lize this con­sid­er­able po­ten­tial. Web­site: di­as­pora-cen­

De­vel­op­ment Ex­ec­u­tive Group: Over 90,000 global ex­perts can net­work and con­nect and learn about more than 47,000 reg­is­tered projects. Web­site:

African Eco­nomic Out­look: A unique online tool that puts rig­or­ous eco­nomic data, in­for­ma­tion and re­search on Africa at your fin­ger­tips. A few clicks give ac­cess to com­pre­hen­sive analy­ses of African economies, placed in their so­cial and po­lit­i­cal con­texts. This is the only place where African coun­tries are ex­am­ined us­ing a com­mon an­a­lyt­i­cal frame­work, en­abling users to com­pare eco­nomic prospects at the re­gional, subre­gional and coun­try lev­els. Web­site: africaneco­nomi­cout­ /en

GRANTS While small and medium-sized en­ter­prises (SMES) in rich coun­tries rep­re­sent half of GDP, they are largely ab­sent from the for­mal economies of de­vel­op­ing coun­tries. To­day, there are tril­lions of in­vest­ment dol­lars chas­ing re­turns, and SMES are a po­ten­tially high-im­pact, high-re­turn in­vest­ment. How­ever, only a trickle of this cap­i­tal cur­rently reaches SMES in de­vel­op­ing coun­’s goal is to in­crease this flow. It wants to show that SMES can be prof­itable in­vest­ments and do this by fo­cus­ing on low­er­ing trans­ac­tion costs,deep­en­ing cap­i­tal mar­kets to in­crease liq­uid­ity and catalysing cap­i­tal for in­vest­ment. Web­site: Echo­ing Green: So­cial En­trepreneurs Fund: To ac­cel­er­ate so­cial change, Echo­ing Green in­vests in and sup­ports out­stand­ing emerg­ing so­cial en­trepreneurs to launch new or­ga­ni­za­tions that de­liver bold, high-im­pact so­lu­tions. Through a two-year fel­low­ship pro­gramme, it helps its net­work of vi­sion­ar­ies to de­velop new so­lu­tions to so­ci­ety’s most dif­fi­cult prob­lems. To date, Echo­ing Green has in­vested nearly US$30 mil­lion in seed fund­ing to al­most 500 so­cial en­trepreneurs and their in­no­va­tive or­ga­ni­za­tions. Web­site: echo­ing­

Bill & Melinda Gates Foun­da­tion: Guided by the belief that ev­ery life has equal value, the Bill &Melinda Gates Foun­da­tion works to help all peo­ple lead healthy, pro­duc­tive lives. In de­vel­op­ing coun­tries, it fo­cuses on im­prov­ing peo­ple’s health and giv­ing peo­ple the chance to lift them­selves out of hunger and ex­treme poverty. The Foun­da­tion dis­burses grants to peo­ple in more than 100 coun­tries. Web­site: gates­foun­da­

Skoll Foun­da­tion: Skoll is one of the lead­ing foun­da­tions in the field of so­cial entrepreneurship. Over the past 10 years, it has awarded more than US$250 mil­lion, in­clud­ing in­vest­ments in 85 so­cial en­trepreneurs and 70 or­ga­ni­za­tions on five con­ti­nents around the world who are cre­at­ing a brighter fu­ture for un­der­served com­mu­ni­ties. In ad­di­tion to grant-mak­ing, it funds a US$20 mil­lion-plus port­fo­lio of pro­gramme re­lated and mis­sion-aligned in­vest­ments. Web­site: skoll­foun­da­

Rock­e­feller Foun­da­tion: The Rock­e­feller Foun­da­tion sup­ports work that ex­pands op­por­tu­nity and strength­ens re­silience to so­cial, eco­nomic, health and en­vi­ron­men­tal chal­lenges to pro­mote the well­be­ing of hu­man­ity. Web­site: rock­e­feller­foun­da­ Lan­desa: Lan­desa helps mil­lions of fam­i­lies to re­ceive as­sis­tance in gain­ing le­gal con­trol over their land. Lan­desa works mainly in China and In­dia and sub-sa­ha­ran Africa. Land rights are a great spur to wealth cre­ation and give fam­i­lies a stake in grow­ing lo­cal economies. Web­site: lan­

Ashoka: In­no­va­tors for the Public: Ashoka is the largest net­work of so­cial en­trepreneurs world­wide, with nearly 3,000 Ashoka Fel­lows in 70 coun­tries putting their sys­tem-chang­ing ideas into prac­tice on a global scale. Web­site:


African Agri­cul­tural Land Fund: The Fund has raised al­most €2 bil­lion from an Amer­i­can pen­sion fund to in­vest in African agri­cul­ture. The African Agri­cul­tural Land Fund, cre­ated by the United King­dom-based hedge fund, Emer­gent As­set Man­age­ment, wants to raise a to­tal of €3 bil­lion and is can­vass­ing a range of in­vestors. It plans to in­vest in agri­cul­tural land and live­stock, in­clud­ing African game, which will be sold to pri­vate re­serves and sa­fari parks. The Fund also plans to de­velop bio­fuel crops on mar­ginal land, sav­ing prime agri­cul­tural acreage for crops to feed peo­ple. Web­site: emer­gen­tas­

Aureos Africa Fund: Small and medium-sized en­ter­prises across Africa are set to ben­e­fit from a mul­ti­mil­lion-dol­lar in­vest­ment fund set up by pri­vate eq­uity firm Aureos Cap­i­tal with the Com­mon­wealth Sec­re­tar­iat’s as­sis­tance. The Aureos Africa Fund will pro­vide long-term cap­i­taland sup­port for promis­ing and suc­cess­ful busi­nesses across the con­ti­nent. Web­site:


Kiva: A non-profit or­ga­ni­za­tion with a mis­sion to con­nect peo­ple through lend­ing to al­le­vi­ate poverty. Lever­ag­ing the In­ter­net and a world­wide net­work of mi­cro­fi­nance in­sti­tu­tions, Kiva lets in­di­vid­u­als lend as lit­tle as US$25 to help to cre­ate op­por­tu­nity around the world. Web­site:

United Pros­per­ity: Peo­ple can se­lect the en­tre­pre­neur to sup­port. Each US$1 con­trib­uted acts as col­lat­eral or a loan guar­an­tee with a bank. Based on the guar­an­tee, the bank makes a loan of nearly US$2 to the en­tre­pre­neur through a part­ner mi­cro­fi­nance in­sti­tu­tion (MFI). Once a guar­an­tee has been made, the en­tre­pre­neur’s progress can be tracked online. On loan re­pay­ment, you re­ceive your money and can choose to re­cy­cle it by guar­an­tee­ing the loan to another en­tre­pre­neur. Web­site: Unit­ed­pros­per­

Grameen Foun­da­tion: Grameen Foun­da­tion helps the world’s poor­est, es­pe­cially women, im­prove their lives and es­cape from poverty by pro­vid­ing them with ac­cess to loans, es­sen­tial in­for­ma­tion and vi­able busi­ness op­por­tu­ni­ties. Through two of the most ef­fec­tive tools known – small loans and the mo­bile phone – they work to make a real dif­fer­ence in the lives of those who have been left be­hind: poor peo­ple, es­pe­cially those liv­ing on less than US$1.25 per day. Web­site: grameen­foun­da­


Acu­men Fund: Its mis­sion is to cre­ate a world be­yond poverty by in­vest­ing in so­cial en­ter­prises, emerg­ing lead­ers and break­through ideas. Web­site: acu­men­

Omid­yar Net­work: A phil­an­thropic in­vest­ment firm, it cre­ates op­por­tu­ni­ties to im­prove lives by

in­vest­ing in mar­ket-based ef­forts that catal­yse eco­nomic, so­cial and po­lit­i­cal change. Web­site: Omid­

Ashoka: In­no­va­tors for the Public: Ashoka pro­vides a wide range of ser­vices and fund­ing for so­cial en­trepreneurs and now has over 2,000 Fel­lows in over 60 coun­tries on five con­ti­nents. Web­site:

Africa Entrepreneurship Plat­form: This ground­break­ing ini­tia­tive is cre­ated as a fo­rum to show­case in­no­va­tive ideas and busi­nesses from Africa that have the abil­ity to scale up in­ter­na­tion­ally, driv­ing job cre­ation and sus­tain­able eco­nomic de­vel­op­ment be­tween Africa and the Amer­i­cas. Web­site:


SME Tool­kit Kenya. Web­site: kenya.sme­ /kenya /en

HSBC Knowl­edge Cen­tre: News and know-how for your busi­ness. Web­site: knowl­


Bet­ter­place: Bet­ter­ is a trans­par­ent online do­na­tion plat­form. Any­body can help, on bet­ter­ – as an in­di­vid­ual or as a group. And equally, any­body can re­ceive help not just large, well-known char­i­ta­ble or­ga­ni­za­tions but also small grass-roots ini­tia­tives around the cor­ner from you, or any­where in the world. The main thing is: ev­ery­thing is trans­par­ent. Web­site: bet­ter­

HSBC Busi­ness TV web­site. Web­site: busi­

SME Tool­kit: Build Your Busi­ness. Web­site: sme­ /sme­toolkit /en

Brand­ing Strat­egy In­sider: Small busi­nesses look­ing to de­velop their brand can find plenty of free ad­vice and re­sources here. Web­site: brand­ingstrat­e­gyin­

Brand­chan­nel: The world’s only online ex­change about brand­ing, packed with re­sources, de­bates and con­tacts to help busi­nesses to in­tel­li­gently build their brand. Web­site: brand­chan­

Just Food: A web por­tal full of the latest news on the global food in­dus­try and packed with events and spe­cial brief­ings to fill en­trepreneurs in on the dif­fi­cult is­sues and con­stantly shift­ing mar­ket de­mands. Web­site:

Dutch De­sign in De­vel­op­ment: DDID will help South­ern en­trepreneurs and small en­ter­prises to de­velop their brand and de­sign iden­tity and pro­duc­tion pro­cesses by us­ing ex­pe­ri­enced Dutch de­sign­ers. Web­site: /english/in­dex.html Mak­ing Cents In­ter­na­tional: Mak­ing Cents’ cur­ric­ula are ef­fec­tive tools for cre­at­ing, strength­en­ing and sup­port­ing cur­rent and fu­ture en­trepreneurs and de­liv­er­ing fi­nan­cial lit­er­acy for all. In over 25 lan­guages, Mak­ing Cents of­fers a range of class­room ma­te­ri­als to train­ing in­sti­tu­tions, schools and af­ter-school pro­grammes that strengthen the qual­ity and im­pact of their busi­ness and entrepreneurship train­ing and ad­vi­sory ser­vices. Web­site: mak­ing­ /prod­ucts_ ser­vices/ cur­ricu­lum.php Kick­starter: Pro­ject cre­ators set a fund­ing goal and dead­line. If peo­ple like a pro­ject, they can pledge money to make it hap­pen. Fund­ing on Kick­starter is all or noth­ing: projects must reach their fund­ing goals to re­ceive any money. Web­site: kick­


The So­cial Ven­ture Fo­rum: The So­cial Ven­ture Fo­rum was started with the ob­jec­tive of in­form­ing, in­spir­ing and en­cour­ag­ing ac­tions in favour of har­mo­nious de­vel­op­ment through so­cial ven­ture in China. In ad­di­tion to the por­tal, the So­cial Ven­ture Fo­rum aims to be a monthly event in Bei­jing. It gives a broad range of peo­ple, such as en­trepreneurs, NGOS, re­searchers, in­vestors, in­sti­tu­tions, rep­re­sen­ta­tives and the press, an op­por­tu­nity for net­work­ing in an eth­i­cal en­vi­ron­ment to meet, ex­change ideas and build projects to­gether. Web­site: so­cial­ven­ture­fo­ The re­sources listed here are for in­for­ma­tion pur­poses only and do not in­di­cate an endorsement. When seek­ing fund­ing, do the re­search and ask ques­tions. If some­thing sounds too good to be true, it prob­a­bly is.

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