
Last week, 600 individuals — including a number of leading professionals from India who sacrificed their Holi, Easter, Eid Milad and/or Navroz holidays with their families – gathered in Philadelphia for the 12th annual Wharton India Economic Forum. This conference was founded in 1996 by then-Wharton student, Vinnie Badinehal, now Managing Director at Merrill Lynch (the lead sponsor for the conference), who recognized the value of a shared dialogue on the opportunities and challenges in India, long before India was in the media spotlight.
What was perhaps most exciting to me, as an Acumen Fund team member, was that every panel - not just the development panel - talked about the need for more inclusive growth in India, to take into account the 70 percent of the population that lives...

Thursday morning’s break-out panels were difficult to choose among. I had every intention of visiting several, but ended up staying the full two hours at the panel called “Hybrid and For-Profit Business Models,” moderated by David Brancaccio, host and senior editor of NOW on PBS.
The room was packed. Tina Seelig, Executive Director of the Stanford Technology Ventures program talked about an international competition in which business school teams are given 5 days and one Post-It pad to come up with a project that “creates value” under any definition. 95% of the projects submitted were social enterprises.
We also heard from Tralance Addy, President and CEO of Waterhealth International (WHI), an Acumen investee. Tralance described a dam - built 40 years ago in...

The opening session of the Skoll World Forum last night was a terrific reminder of the value of bringing different perspectives together and having the chance to stop and listen and reflect on the work that we do. The two most memorable speakers in the formal program, in my opinion, were Phil Hope, the Minister of the Third Sector in the UK, and Karen Tse, of International Bridges to Justice, a network of legal clinics and public defenders working for judicial reform around the world.
The Minister’s comments were the most forward thinking and provocative about the social enterprise that I had heard from an elected official: he talked about how social enterprises can tap into capital markets, how we might be able to create a social stock exchange, and the need for more transparency and...

(Photo: Gabriel Kadidi)
It has been several weeks since both Pakistan and Kenya began to experience political and social unrest.??As Jacqueline initially reported (here??and here), Acumen Fund???s communities on the ground remain safe, but the environment in both countries has taken a decided turn for the worse.
The past weeks in Kenya have been heartbreaking. Tremendous excitement about an election year has turned to frustration over the process and its impact on the country???s stability.?? Kenya was on the rise as an economic model for East Africa. Acumen Fund investee Jamii Bora had overcome legal obstacles to begin to realize the dream of Nairobi???s poorest to build a new town for its members. By December, nearly 500 homes were under construction???Dedan ??? JB???s bicycle messenger...
This past Sunday, March 4, nearly 1,000 people gathered to learn and exchange ideas at Harvard’s business school conference on “Social Enterprise.” The phrase is sufficiently broad to cover a wide range of issues, from socially responsible business to business-like social change and everything in between. The aim of the conference, according to its co-chairs, is to engage a broad set of institutions across sectors to “turn dreams into reality,” and the theme of bringing pragmatic approaches to achieving lofty goals for social justice was woven strongly throughout the day’s discussions. Victoria Hale exemplified this in her opening keynote when she talked about the way that her non-profit pharmaceutical company was engaging with corporations, foundations and governments to...

Where on earth can you talk about wireless mesh networks over lunch in the Dalai Lama’s private courtyard while gazing out at snow-capped Himalayan peaks?
At the first annual AirJaldi Summit held last month in Dharamsala, India, of course. I had the privilege of attending this event along with one of our colleagues at Drishtee and interacting with a global group of technology professionals drawn by the opportunity to meet and discuss wireless networks and their relevance to local and international development.
AirJaldi was chaired by a determined Israeli technology specialist named Yakel Ben-David, with a vision of using wireless mesh as an inexpensive means to broaden the communications capabilities of rural institutions around the world. This approach has been effective in this...

The Acumen Fund Fellows have been fortunate to meet many inspiring leaders and engage in plenty of thought-provoking discussions over the past four weeks. The question about how to write and talk about Africa has been raised several times. In April, Jacqueline referenced “How to Write About Africa” on this blog and discussed it with the fellows during the first week of orientation. This piece exposes the simplicity of how most people write about Africa and inspired us to think about how to do it in a different way.
View 1 - The Outsider Who Gets It: Gayle Smith, currently a Senior Fellow at the Center for American Progress, and former journalist and senior staff member of the National Security Council and USAID, spoke to the Acumen Fund fellows about her work in Africa and as a member...

On a Saturday, one year ago at precisely 8:50 A.M., I was in my bed, sleeping soundly. Suddenly, everything began vigorously swaying left and right. At first, the shock of the motion had me confused, but as I opened my eyes, I realized it was an earthquake. I got up to go stand beneath the beam of the bathroom door (Dad’s orders since we were kids – apparently the safest place to be) but I couldn’t walk more than four steps without losing my balance and falling to the ground. The house was a big bowl of Jell-O and I was somewhere in the middle of it all. This was the biggest quake I had ever experienced, and I was certain my house would collapse any minute.
Fortunately no serious damage occurred, although I was so scared after the six-minute quake passed that I didn’t move from...

A recent series of articles in The New York Times highlights the everyday challenges of water access and sanitation in major cities all over India, and the significant consequences these challenges have on the lives of Indians. With over 700 million people lacking access to adequate water supply, and 2.1 million children under 5 dying from preventable water-borne disease, the toll is devastating. With both infrastructure and natural resources overstretched and misused, individuals take on a “me-first” approach, trying to get the water they need at any cost. This leads to accelerated degradation of pipes, which are illegally tapped, and water resources that are being drawn with little planning from depleted aquifers. Where in the midst of these governmental, social and market...

I came across this (rather long but very interesting) article in The Economist about how ‘business angels’ step in to provide small entrepreneurs with access to capital where venture capital firms are often wary of going – for reasons of risk or simply, size.
In a way, I suppose we could think of Acumen Fund as a ‘business angel’ for social enterprises – we step in and place our bets on innovative social entrepreneurs and effective ideas and business models that manifest the potential to reach underserved markets. We help give socially driven market-based ideas wings by going a step further than simple financing and providing intensive management support to incubate social enterprises until they are ready to fly on their own....

Great article on the front page of the New York Times about our partner Google.org and its executive director, Larry Brilliant. It is really exciting to see Google.org push boundaries around what is possible and how we need to use ALL of the resources at our disposal to solve tough problems of poverty. If there is one thing our work over the past five years has taught us, it is that to be more effective, philanthropy cannot be thought of only as money given to help people. Google has such great reach in the world that it can influence entire sectors using much more than its money - and their vision is an exciting one.
From Acumen Fund’s perspective, watching ideas that were seen as crazy five years ago be instituted as more mainstream also is a reminder that change can happen....

Acumen Fund CEO Jacqueline Novogratz is currently in Pakistan, and, as usual, she is keeping a journal.
Karachi, Pakistan - September 1, 2006
After a day of meetings in London, I flew into the Karachi airport. This time has been a reflective one for me, as we’ve been working on Acumen Fund’s five-year report.
Our history will be forever tied to two significant moments in time. First, the 2000 dot.com implosion. We were incorporated a year later on April 1, 2001. I remember someone telling me I should look at the crash as a good thing, for if we weathered the tough fundraising environment, we would be in good shape when things improved. Second, September 11. We were scheduled to move into our offices near Ground Zero on that day. That proximity reaffirmed our feeling that it was the...

We are delighted that Acumen Fund investee Drishtee has been named one of Red Herring’s “100 Hottest Startups in Asia.” In Drishtee CEO Satyan Mishra’s words, “this award augurs well for the scalable growth of ‘Technology for Development’ in India and in all other developing economies. ” We would like to congratulate Satyan and everyone who has worked so hard with him to help Drishtee grow and strengthen its operations. The company is a powerful example of what is possible by combining strong heads and soft hearts, the commercial and the social, and we couldn’t be prouder to be working with the Drishtee team....

I was recently invited (with full sponsorship from UN Habitat) to speak on a panel at Stockholm World Water Week. This is the world’s largest annual water conference and I was there to discuss the value of market-based approaches to water and sanitation funding for small towns. The planners of the session wanted to foster a debate and encouraged speakers to take on their opposing roles in earnest. Goaded on by facilitator Dominic Waughrey of the World Economic Forum, we each took polarized positions and provided concrete examples of failures and opportunities of the various forms of financing. With a little humor and expert facilitation, each of us went further than we may have planned in pointing out the inconsistencies and gaps in each others’ arguments.
My team-mate, Moses...

Acumen Fund Advisory Council Member, Dr. Seth Berkley is President and founder of the International AIDS Vaccine Initiative (IAVI). IAVI is a global non-profit organization focused on accelerating the search for a vaccine to prevent HIV infection and AIDS. Their biennial flagship publication, AIDS Vaccine Blueprint 2006: Actions to Strengthen Global Research and Development, was released last week at the XIV International AIDS Conference in Toronto. We are proud to know Seth and his team....

Acumen Fund and IDEO have developed a partnership over the last two years to explore how Acumen Fund’s focus on using entrepreneurial approaches to address the problems of poverty, coupled with IDEO’s human-centered approach to design, could create synergy and help both organizations achieve their broader goals.
Earlier this month, Acumen Fund and IDEO met with Jennifer Davis of Stanford University and Ranjiv Khush of the Aquaya Institute, experts bringing extensive experience working on issues of water and sanitation internationally. This was a unique group - bringing together Acumen Fund’s knowledge of water-related BOP market business opportunities, the creativity of IDEO’s idea workshop and the deep sector knowledge of water experts.
A pervasive challenge...

I recently attended the Aspen Ideas Fest at the Aspen Institute. While Acumen Fund values and works as a global community, and not from any one viewpoint, I was also speaking here as an American on Independence Day weekend - a reminder that we all speak as ourselves in different communities and have slightly different messages. What is important - and exciting - is to do so always with the view of reminding ourselves, and the world, that we are all in this together. And that, together, we really can solve tough problems.
On this celebratory day of American independence, I am reminded of a Big Idea on which this country was founded… that all men are created equal; and that by virtue of this, have the right to life, liberty and the pursuit of happiness. It is an idea that has evolved...

The British metal firm BHP Billiton’s recent efforts to reduce malaria prevalance in Mozambique are a good example of a public-private partnership, driven through the efforts and innovation of a single company that saw the potential for doing something important and powerful. The world needs more such partnerships. I thought you would enjoy this article.
Acumen Fund would be very interested to know if our community has ideas for corporations that might be interested in following suit and doing something similar for their own employees and local communities. We would like to do a “road show” with A to Z to determine whether there are more such opportunities for local market distribution....

As the Housing Portfolio manager, I am constantly excited to see the entrepreneurialism of residents of slums, who are taking initiative to improve their own lives. A case in point was the striking presence of residents of slums themselves at this year’s World Urban Forum III, sharing their success stories in their own voices. The power of their attendance was notable - whereas the discussion rooms were often full, they were more than overflowing for those panels on the plight of the residents of slums and their new ideas for change.
Actually, what was missing in proportion were voices from the private sector, representing approximately 12% of attendees (up from 6% from the last year but still a relatively small percentage). It became clear that it was important for Acumen Fund...

Check out this piece on Venture Philanthropy Partners that highlights six years of hard earned successes in building local community institutions in Washington, DC using a venture capital-like approach. Mario Morino is a friend of Acumen Fund and an extraordinary leader. I share the article with you because it captures so many lessons that are relevant to building and scaling nonprofit institutions. I share Mario’s letter to his community because it reflects the kind of leader that he is - one who moves from a place of humility and inclusion and is always asking questions rather than believing he has all the answers. We need more leaders like him at all levels of society. Our hat is off to Mario and his entire team and there is much to learn from the work of VPP.
Mario’s...

Voxiva, one of our health investments, was recently profiled in this Wall Street Journal article. The company, which offers disease surveillance and disease management platforms for national or regional health systems, is building a brand around technology that uses SMS messaging for real time data collection and dissemination (”the power of the internet with the reach of the cellphone” as their management team likes to say).
As the article explains, the pervasiveness of the existing cellular networks, and the rapid penetration of mobile phones among all demographic groups, should enable Voxiva to offer a range of health services, leveraging existing infrastructure.
Like Drishtee in India - a company that is building health information services into a network that rural...

Voxiva, one of our health investments, was recently profiled in this Wall Street Journal article. The company, which offers disease surveillance and disease management platforms for national or regional health systems, is building a brand around technology that uses SMS messaging for real time data collection and dissemination (“the power of the internet with the reach of the cellphone” as their management team likes to say).
As the article explains, the pervasiveness of the existing cellular networks, and the rapid penetration of mobile phones among all demographic groups, should enable Voxiva to offer a range of health services, leveraging existing infrastructure. Like Drishtee in India - a company that is building health information services into a network that rural computer...

Check out this piece on Venture Philanthropy Partners that highlights six years of hard earned successes in building local community institutions in Washington, DC using a venture capital-like approach. Mario Morino is a friend of Acumen Fund and an extraordinary leader. I share the article with you because it captures so many lessons that are relevant to building and scaling nonprofit institutions. I share Mario’s letter to his community because it reflects the kind of leader that he is – one who moves from a place of humility and inclusion and is always asking questions rather than believing he has all the answers. We need more leaders like him at all levels of society. Our hat is off to Mario and his entire team and there is much to learn from the work of VPP....

As the Housing Portfolio manager, I am constantly excited to see the entrepreneurialism of residents of slums, who are taking initiative to improve their own lives. A case in point was the striking presence of residents of slums themselves at this year’s World Urban Forum III, sharing their success stories in their own voices. The power of their attendance was notable - whereas the discussion rooms were often full, they were more than overflowing for those panels on the plight of the residents of slums and their new ideas for change.
Actually, what was missing in proportion were voices from the private sector, representing approximately 12% of attendees (up from 6% from the last year but still a relatively small percentage). It became clear that it was important for Acumen Fund...

The British metal firm BHP Billiton’s recent efforts to reduce malaria prevalance in Mozambique are a good example of a public-private partnership, driven through the efforts and innovation of a single company that saw the potential for doing something important and powerful. The world needs more such partnerships. I thought you would enjoy this article.
Acumen Fund would be very interested to know if our community has ideas for corporations that might be interested in following suit and doing something similar for their own employees and local communities. We would like to do a “road show” with A to Z to determine whether there are more such opportunities for local market distribution....

I recently attended the Aspen Ideas Fest at the Aspen Institute. While Acumen Fund values and works as a global community, and not from any one viewpoint, I was also speaking here as an American on Independence Day weekend – a reminder that we all speak as ourselves in different communities and have slightly different messages. What is important – and exciting – is to do so always with the view of reminding ourselves, and the world, that we are all in this together. And that, together, we really can solve tough problems.
On this celebratory day of American independence, I am reminded of a ‘Big Idea’ on which this country was founded… that all men are created equal; and that by virtue of this, have the right to life, liberty and the pursuit of happiness. It is...

Water Portfolio manager Yasmina Zaidman and I recently attended the World Bank Development Marketplace conference in Washington DC. Development Marketplace is a competitive grant program of the World Bank that funds innovative, small-scale development projects that deliver results and show potential to be expanded or replicated. The theme for this year was Water, Sanitation and Energy. 118 finalists (out of 2500 applicants) attended, and a final 30 were announced as winners.
This was interesting from an Acumen Fund perspective on a number of levels. First, there is a growing focus on not just great technical ideas, but models for getting those ideas to market in a sustainable way. This was clear in the additional criteria in assessing the applicants, which emphasized business models as...

Every year, millions of individuals die of diseases that could be prevented by basic, low-cost measures. To address this global challenge, Ashoka has announced a Changemakers’ Innovation Award on how to improve health for all. The goal of this competition is to identify and advance innovative strategies that provide high-quality, cost-effective and scalable health solutions reaching low-income populations around the world. The application deadline is May 24. Check out the Changemakers site for more information. ...

Our friend Zohare in Pakistan sent us this link about recently imposed restrictions on blogging in that country. ...

Peggy Noonan writes a compelling commentary about the kind of leadership needed in today’s world (and yesterday’s and the future’s as well). Leadership must begin with the people we are trying to serve. And that means listening to them, even if it isn’t comfortable, even if we don’t like them. We should think about organizing listening tours in the developing world for those in power — CEOs, government leaders, executive directors of powerful non-profit organizations. The point of such tours would be not to determine solutions after a few days’ exposure to the place, but simply to listen to what local people say, what they feel, what they articulate as their needs and desires. We might all learn a lot, not only about other communities, but...