Learning from designers
Posted by Jacqueline Novogratz on January 31st, 2006
Filed under: News, Lessons Learned, Our World

Maybe because I was grouped with the “design” participants, another key learning from Davos was this: Innovate, design, and problem-solve based on the voices and concerns of the people you want to reach and serve. Boundaries are blurring, the divides are increasing (based on perception if not reality). So the road to workable solutions lies with starting with who you want to reach and not bringing a top-down solution to their problems. The world is readier than ever for new approaches that are created from the bottom-up. The high number of designers who were exploring such issues is a testament to how far the world has come. We are learning a lot about the poor. We now need to be more effective in building systems that allow them to make their own decisions and choices.



Reality and perception at Davos
Posted by Jacqueline Novogratz on January 30th, 2006
Filed under: News, Lessons Learned, Our World

Perceptive reality was a theme that appeared over and over at the WEF meeting. People make decisions in their lives based on their own world view as well as their own sense of fairness. Whether economic disparity is truly increasing or decreasing is much less important than the perception that not only is it increasing more quickly than ever but that some people are being left entirely out of the global economy. This is what matters - whether people believe they have a chance at joining the global marketplace. If they don’t - but see their neighbors or fellow countrymen doing it, then unhappiness sets in. Whether talking about economic disparity or religious tensions, the same holds true, which has enormous implications for getting different religious groups to sit down and talk to one another.

One response must be for our leaders to listen, listen, listen. They don’t always have to change their actions but must need to know what people in their countries are thinking, and then ensuring that they are providing greater chances for access and opportunity. This is what counts.



One World at the World Economic Forum
Posted by Jacqueline Novogratz on January 29th, 2006
Filed under: News, Lessons Learned, Our World

Hands.jpgAt Davos, more than ever before, I felt a sense that boundaries between government, the private sector and the nonprofit sector are blurring to much positive effect. If corporations used to think about Corporate Social Responsibility in terms of good brand marketing, they now are looking at it with a much stronger focus on metrics, a reminder of what they are trying to do. Nonprofits, on the other hand, are adopting better business practices, are speaking the language of markets and are searching for new capital formation strategies and partnerships to extend their reach and make their work more effective. If any sector was less evident at Davos, it was the public sector. However, we need government not only to scale different interventions, but more important, we need government to provide the environment, the frameworks that allow for more flexible investment and the easier creation and management of enterprises. Increasingly, private initiative resources and initiative will solve tough public issues and these innovations will move more quickly and at larger scale than ever before.



Impressions from a Davos rookie
Posted by Jacqueline Novogratz on January 28th, 2006
Filed under: News, Our World

For a first-timer, the World Economic Forum meeting at Davos can be completely overwhelming. There were nearly 2,400 delegates - not to mention 2,400 WEF staffers and 9,000 police officers. After five days of meeting hundreds of people, I came away exhausted but with a great sense of privilege from being in that beautiful place with so many people who not only care but want to do something about the world. I left the meeting with a number of insights and ideas, which I will write about in subsequent posts.



Looking for a few good Fellows
Posted by Jacqueline Novogratz on January 24th, 2006
Filed under: News, Remarkable People, Our World

Man with plant.jpgI am excited to announce that we are launching an Acumen Fund Fellows Program.

For committed young people, the Fellows Program is a unique opportunity for experience-based training, first building business skills in New York, then putting those skills to work on the ground with a specific Acumen Fund investment. For Acumen Fund, the opportunity is to provide our investments with world-class management support. And most important, the program is a huge opportunity to build a corps of future leaders.

We are looking for extraordinary young professionals with the skills, imagination and will to effect significant change. Are you a potential Fellow, or do you know someone who might be? There is a lot more information on the Fellows Program, and the guidelines to apply, on our website.



The importance of legal title in housing
Posted by Jacqueline Novogratz on January 22nd, 2006
Filed under: News, Our World

A good column by Hernando de Soto on the importance of title and housing appeared in yesterday’s International Herald Tribune. The lack of title and legal ownership prevents people from moving from an income-based cycle, which too easily keeps people forever in poverty, to an asset-based one whereby the poor can borrow against their homes to invest in other productive activities like their own businesses or education. It is worth reading and thinking about how Acumen Fund might integrate itself into this wider discussion.



90 minutes in Paradise
Posted by Jacqueline Novogratz on January 18th, 2006
Filed under: News, A Gift

Paradise now.jpgI just wanted to recommend “Paradise Now,” a thoughtful, human and riveting Palestinian film about two suicide bombers. It lifts the importance of Acumen Fund’s message in many ways, underscoring how critical it is to understand issues of identify, of otherness in our work and that key to change really is providing opportunity, hope and a sense of dignity to individuals who can then solve their own problems. One of the best movies I’ve seen.



Designing for affordability
Posted by Jacqueline Novogratz on January 02nd, 2006
Filed under: News, Lessons Learned

Happy New Year! A column about innovation in designing products for the poor appears in the International Herald Tribune. It’s very much in keeping with the Acumen Fund philosophy that the poor should be thought of and treated as consumers — solutions must be designed with their needs and constraints in mind. The article highlights the importance of the ruthless pursuit of affordability (sometimes forgoing fancy technology for simplicity) in designing technology to improve the lives of the poor.

Definitely worth thinking about as we move into 2006.