Impact Investment and Innovation in Nascent Ecosystems

Impact Investment and Innovation in Nascent Ecosystems

Impact, Investment and Innovation in Nascent Ecosystems

August 12, 2019

5 trillion US-dollars per year is the amount needed from the private sector to achieve the Sustainable Development Goals (SDGs) by 2030.

According to UNCTAD’s projections, 5 trillion US-dollars per year is the amount needed from the private sector to achieve the Sustainable Development Goals (SDGs) by 2030. And the good news is that according to Google trends (linked to keyword google search “impact investing”), more and more people are willing to invest to achieve these goals as we can see a clear rise of interest in impact investing. So, it is without a doubt that we’ve seen a growing allocation of funding toward impact investing. Now, despite the growing interest and commitments, the amount allocated toward impact investing is still low when you have in mind the number of 5 trillion US-Dollars to invest per year. When you look into the 1.3 trillion US-dollar assets under management of Goldman Sachs, less than 1% is allocated toward impact .

It’s no longer simply about making money, it’s also about having a purpose and this socially responsible mindset is not simply anecdotal. The impact investing trends mentioned before and success stories on the market do prove that there is an “ROI to funding a cause”. And not only does the younger generation believe that profit and purpose go hand in hand, it is also a generation of entrepreneurs. 

To read more click on the ICSBGazette30.pdf.

MESSAGE FROM ICSB PRESIDENT ENTREPRENEURSHIP  FOR  PEACE  &  DEVELOPMENT

MESSAGE FROM ICSB PRESIDENT ENTREPRENEURSHIP FOR PEACE & DEVELOPMENT

MESSAGE FROM ICSB PRESIDENT: ENTREPRENEURSHIP FOR PEACE & DEVELOPMENT

July 22, 2019

I am honored and privileged to serve as the first Arab, Middle Eastern and Muslim President of ICSB. ICSB is a 64 year old movement, a catalyst of positive change and it is our duty to make sure that we promote social justice and economic empowerment to all sectors of society.

As President of ICSB, I take over the leadership from President Geralyn Franklin and the excellent work she has done.  In line of the recommendations of the 2030 Visioning Committee chaired by Dr. Zulma Quiñones, ICSB Past President and a WWF, we are working on a new comprehensive business model for ICSB which will increase our footprint, impact, add value proposition to our members and work further with our affiliates and partners! Get ready for a new ICSB! 

the ICSB Gazette article I written as president of ICSB focuses on the intersection of Entrepreneurship and Peace. In the Middle East, we have suffered for years from political and social instability. The region went through a series of wars dating to as early as World War I. Most recently, social inequalities, lack of education and high youth unemployment lead to a wave of social unrest, branded “The Arab Spring”.

Entrepreneurship is a path forward that can resolve conflicts. A pair of researchers with Stanford University found via crunching economic and war data, that the more trading partners a country has, the less likely it will be to engage in a war.

I hope you enjoy the ICSB Gazette Article.

Read the Full Article

A World of Empathy is Needed

A World of Empathy is Needed

A World of Empathy is Needed

Monday, July 29, 2019

The 4th Industrial Revolution tells us that the “rise of the machines” will reduce the need for humans in the workplace. According to some estimates, as much as 40% of all human jobs that currently exist will be made obsolete by machines. If this true, the manner in which AI-robots or machines relate to those few humans that are in the workplace is of great concern. The lack of empowerment and equality between man and machine may not create a thriving ecosystem.

The success of the Humane Entrepreneurship model, intended to reshape the way entrepreneurs and employees interact, centers on empathy. In order to understand why empathy is so important to this model, it is necessary to dig a little deeper into the “humane” vs enterprise mindset. The humane (or employee) side seeks empowerment, engagement, equality, ethics, in a holistic ecosystem. The enterprise (employer) side on the other hand would like employees to show enthusiasm, enlightenment, excellence, envisioning, and experimentation. What would bridge the gap in the difference in mindsets is empathy. Empathy is the ability to understand and share in the feelings of others. It isn’t clear that the developers of these AI-robots have built in emotions into their functionality. A lack of empathy between AI robots and humans could create a serious hostile environment

The challenge for entrepreneurs, policymakers, researchers, and employees, is to consider the Humane Entrepreneurship model very carefully, specifically, ensuring entrepreneurship is coupled with the foundation on empathy. It is imperative that whatever direction the 4th Industrial Revolution goes, empathy must remain at the core of any new economic paradigm that emerges (read more…)

READ THE ICSB GAZETTE – July 29 Edition

 

INCREASING RECOGNITION OF MSMES ROLE IN ACHIEVING SUSTAINABLE DEVELOPMENT

INCREASING RECOGNITION OF MSMES ROLE IN ACHIEVING SUSTAINABLE DEVELOPMENT

INCREASING RECOGNITION OF MSMES ROLE IN ACHIEVING SUSTAINABLE DEVELOPMENT

July 8, 2019

The importance of Micro, Small and Medium-sized enterprises (MSMEs) in national economies is well known, as well as is their global impact, since, by number, they dominate the world business stage. When Argentina, with the support of ICSB, decided to present a resolution in the United Nations establishing June 27th as MSMEs Day, our idea was to showcase the importance of these enterprises in the achievement of the 2030 Agenda.

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SMES BETWEEN MARKET EXPOSURE AND INSTITUTIONALIZATION: IN QUEST OF SECTOR-SPECIFIC POLICY FORMULATION

SMES BETWEEN MARKET EXPOSURE AND INSTITUTIONALIZATION: IN QUEST OF SECTOR-SPECIFIC POLICY FORMULATION

SMES BETWEEN MARKET EXPOSURE AND INSTITUTIONALIZATION: IN QUEST OF SECTOR-SPECIFIC POLICY FORMULATION

July 1, 2019

The very topic raises an ever present crucial question as to the role and significance of small and medium-sized enterprises (SMEs) and related structures in any given economic setting; not the least in the context of economic development in a sector-related view. Implicit complexities obviously do call for an SME-specific policy formulation recognizing that a small firm is not to be viewed as simply a miniaturized blueprint of a large one, but rather be considered as quite different a creature of its own.

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United Nations Industrial Development Organization (UNIDO)

United Nations Industrial Development Organization (UNIDO)

United Nations Industrial Development Organization (UNIDO)

June 3, 2019

There is growing consensus in theory and practice that a thriving private sector is crucial for poverty reduction and that an entrepreneurship business-friendly environment must be in place to unleash private sector dynamism. The 2030 Agenda calls explicitly for member states to implement policies conducive to entrepreneurship, creativity, and innovation.Entrepreneurship includes MSMEs. MSMEs are crucial for economic development, as they are key drivers of innovation in many economic sectors and are exhibiting high degrees of flexibility and capability to react to customers’ needs, and less bureaucratic organizational structures.

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