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Showing posts with label technology. Show all posts
Showing posts with label technology. Show all posts

Friday, September 30, 2011

Weekly Review September 26-30

People often ask us why we chose technology as our investment focus. The answer is quite simple: technology has the greatest potential to create impact in the developing world. The following articles for this week share our sentiment and speak to mobile technology’s power for social impact (be sure to check out next week’s Review to see how alternative energy is creating impact).

Source
Mobile Broadband in Kenya” by Patrick Munyi on iHub Blog
Kenya has been the shining star of mobile technology innovation in Africa, largely fueled by high mobile penetration and the installation of undersea fiber cables in 2009. The folks at iHub Nairobi have collected data regarding mobile technology and mobile broadband usage in Kenya.  They have found that broadband speeds are increasing alongside the number of users and that most access the Internet with their phone; “98% of mobile subscribers use mobile internet.” More important are the affects mobile Internet will have on the Kenyan economy. iHub writes, “It is predicted that mobile broadband can potentially increase national productivity and growth by up to 15%.” Access to mobile phones, and therefore mobile broadband, will made a significant improvement in the continued development of Kenya.

 “Crises in the Digital Age” by Michael Fertik, CEO and Founder of Reptuation.com, on World Economic Forum Blog
Michael Fertik reflects on the attitude world leaders had on Internet at the World Economic Forum in Davos this year. All agreed and wanted to know more about how the Internet “spreads information, misinformation, rumor, innuendo, and fact.” While the Internet can cause a stir, the information it channels to underserved populations is critical. Fertik writes of the impact the Internet has in times of crisis or disaster. We agree that technology creates impact by absorbing and transmitting information, and add that it doesn’t just have to be in times of crisis.

Katrin Verclas, founder of MobileActive.org, has been honored as one of the most influential women in technology this year. Her site is a “hub for people around the world who are building tools for mobile phones that make a difference.” Her site unites the large community of technology innovators who are working to create technologies that empower the world’s underserved populations. This way, innovators can share their experiences and expertise to create affordable and scalable products and services for the underserved. By promoting the development of applications and mobile technologies, we can leverage mobile ubiquity to create social impact. Congratulations to Katrin Verclas and thanks for propelling the technology for impact space forward.

It’s not just small social enterprises that have caught on the potential at the BoP and technology’s power for impact. The IT giant Hewlett-Packard (HP) is expanding its operations in Africa with 10 new entities throughout the continent. Business customers, governments, and individuals will have improved access to HP’s hardware and software. Governments especially will be able to leverage HP technology “to drive economic growth by modernizing the delivery of services in key areas such as education, healthcare, and e-Government services.” By penetrating the market, HP will drive increased adoption of technology and promote sustainable economic development. HP’s presence alone will create jobs and stability throughout their communities. HP also has plans for many other initiatives to collaborate with universities, innovate in African education and extend social innovation programs.

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Friday, August 26, 2011

Weekly Review August 22-26


Developing countries tend to have high export rates of their most valuable resource:  people. However, many changes on the ground in Africa are encouraging entrepreneurs to stay and create businesses and better lives for themselves at home. A successful entrepreneur in the developing world is no longer a rarity. In fact, entrepreneurs are finding great success in Africa in ways that also have the potential to have a significant impact.

Female African Entrepreneurship” by Ivan Colic via Afrographique
Historically, entrepreneurs are more likely to be men, but women are certainly making a splash in the entrepreneurship marketplace .The latest post from Afrographique highlights data on female entrepreneurship in Africa. The chart shows that in Ghana, Botswana, and Zambia, almost half of enterprises are owned by women. This entrepreneurship climate shows a progressive attitude that will have social and economic benefits.

A few weeks ago, Jeremy Fryer-Biggs introduced the Invested Development team to the Strivers Foundation, an organization that works with bright men and women in Uganda to help them achieve their entrepreneurial goals. The program benefits the individual as well as the economy by creating local businesses, jobs, products and services. One Strivers student, Nasur Mugega, shows real entrepreneurial drive and technological savvy. He developed a mobile phone charging platform powered by a bicycle and entered it in the Business Plan Competition to receive Strivers Foundation Funding. Nasur is an example of a bright student tapping into his entrepreneurial spirit to better his life and the lives of those around him. Many thanks to Jeremy for introducing us to him and the Strivers Foundation. Visit the site to read Nasur’s biography and those of other Strivers students who are studying and working to become entrepreneurs in Uganda.

After decades of skepticism from investors, entrepreneurs are frequently finding success in Africa. Many factors are contributing to the increase in entrepreneurship, including an explosive growth in mobile phone penetration (currently at 50% in the continent). The IFC and World Bank’s Doing Business 2011 report indicated that the ease-of-doing-business indicator has increased in many African countries and investment climates are improving. More efficient and less expensive business registration processes also allow Africans to tap into their entrepreneurial spirit.

Zidisha:  Financing Dreams and Empowering Entrepreneurs” by Clarissa Perkins via Social Earth
As entrepreneurship becomes increasingly common in Africa, so does the need for investment and lending.  It is especially difficult for micro-entrepreneurs to borrow money, since most do not have bank accounts or access to financial services. Microfinance institutions have worked to change that, but we came across another solution leveraging technology. Zidisha is a peer-to-peer microfinance organization operating on an Internet-based platform. Entrepreneurs can create a profile to reach out to potential lenders. Lenders can read reviews on the borrower’s credibility and past repayment scenarios. The borrower and the lender can communicate directly through the platform. In Kenya, the funds are usually delivered via M-Pesa. To date, 130 businesses have been financed with a 100% repayment rate. This is a creative platform leveraging technology to empower the world’s poorest citizens. 

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Friday, June 11, 2010

Weekly Review - June 7th - June 11th

Every week at Invested Development, we scan the web for articles that relate to what we do and what we like. This week we are talking about a great analogy between angel investors and rock stars, another initiative by the Grameen Foundation, how solar panels are not “so green”, and some insights from the last World Economic Forum in May.

The title alone makes it obvious why we liked this article. The analogy with the rock star was pretty funny and well maintained throughout the article. It also helps emphasize the importance of Angels and illustrates how they give hope to entrepreneurs looking for funding. And best of all, it helps differentiate Angel Investors and VCs by comparing Angels to Prince (the artist, not the son of a King.)

This provides an interesting collection of articles illustrating the role of the Grameen Foundation in many fields and in the field of mobile technology in particular. It also introduces the Grameen Community Knowledge Worker. The role of the CKW is to “harness the power of the mobile phone, a technology that is oblivious to such bottlenecks and combines it with a network of human intermediaries that can be trained to fully leverage its capabilities for the benefit of the farmer.“ (If you want to read the 113 pages Pilot Report it’s here. Or you can just take our word for it.)

Proof that no good deed goes unpunished… at least not initially. Solar panels for sure help the environment by reducing our footprint but studies have shown that it lures insects and eventually kill them! How so? Well apparently the reflection that solar panels have on the sun’s light is similar to the one that water has, therefore insects are attracted to it and fly over without being able to leave. They eventually die of exhaustion. Luckily, they have figured out that “when white borders or grids of white stripes crisscross the panels, dividing the panel into smaller segments, the attractiveness was reduced by 10 to 26-fold.”

Very interesting insights from very interesting people on why we need to focus on innovation in Africa. The NextBillion’s Heather Fleming was at the World Economic Forum in Dar-Es-Salaam last May where the main rallying cry at the conference was that we should stop “thinking” about unleashing Africa’s potential and start building success stories to serve the poor. She interviewed Nick Moon, of Kickstart, who mentions that very little work is done for innovation in Africa and that design thinking should be applied systematically. Bruce McNamer of Technoserve wants to focus on entrepreneurship, provide better supply chain and also mentions that we are now building a middle-class (aka the biggest consumerist class of all.) Overall four interesting insights that make us want to read more about the conference.