Archive for May, 2006

Introducing Acumen Fund’s 2006 Fellows

Wednesday, May 31st, 2006

Over the next four weeks, we shall be introducing our 2006 Acumen Fund Fellows. This year’s inaugural cohort comprises a diverse group of individuals who all share not only individual accomplishment but a proven desire to serve, to listen, and to be part of a larger community focused on significant, measurable change. It is thrilling to see talented people who could do so many things in the world choose to give back to it – a spirit embodied by the Acumen Fund team as a whole.

Nadaa Taiyab

“This fellowship at Acumen Fund immediately excited me as it combines many of the elements I am seeking in my next job: an entrepreneurial environment where I will have the space to take initiative, the opportunity to work towards a social vision, and the challenge of working in developing countries.”

Jocelyn Wyatt

“While I have always been committed to sustainable development, I wanted to be part of a pragmatic, market-based approach that went beyond the standard paradigm. I am excited by this rare opportunity to further my professional development in social entrepreneurship, to achieve my goal of creating and leading my own social enterprise in the near future.” (more…)

An Inconvenient Truth

Tuesday, May 30th, 2006

Truth - Al Gore movie.jpgAl Gore’s terrific new film, An Inconvenient Truth, is the most important movie you can see right now. It is also very engaging and I can’t recommend it more highly. The film is really a dynamic presentation that Vice President Gore has made thousands of times over the past years. Not only will you see a man of true conviction and passion speaking, you will also learn a lot about one of the most (if not the most) critical issues of our time. The scientists agree that climate change is real (at the TED Conference, individuals suggested the name be changed to climate crisis) and that it is occurring even more rapidly than scientists had originally thought. The link between climate change and poverty is also strong. It is not inconceivable that we’ll see Bangladesh under water in the next 40 years, displacing over 150 million people who will search for new homes and countries, adding greater instability to the region.

So run, don’t walk. Go and see the movie, and commit to do something. If there is one thing that might unite our planet, I would hope it might be the threat that all of us may lose the very earth that sustains us, if we are not more thoughtful – and proactive.

Building affordable housing and a thriving community in Karachi

Friday, May 26th, 2006

Jacqueline Novogratz recently returned from a visit to South Asia. Following is an excerpt of her journal from Pakistan. To read the complete journal, click here. (An excerpt of the India leg of her trip was posted previously.)

Pakistan - children at KKB.jpgApril 11, 2006 – Karachi, Pakistan

We’re sitting on the outskirts of Karachi, 40 kilometers from the city center, in the headquarters of Khuda-ki-Basti (KKB), the affordable housing development scheme built by Saiban under the leadership of Tasneem Siddiqui – who, over the past four years, has become someone I deeply admire. He started working with slum dwellers beginning in 1969 in Dhaka, Bangladesh.

Built on reclaimed desert land outside of Karachi, KKB is a thriving community for people who lived as squatters in slum settlements. I visited KKB a couple years ago, and the difference even now is startling. There is now electricity, and Saiban is working on laying pipes for lines that are expected to deliver water in the next six months or so. Schools and clinics are in operation, and children are playing on every street. Shops are open for business, and we pass both churches and mosques. (more…)

Announcing our 2006 Fellows

Monday, May 22nd, 2006

As we have mentioned in previous posts, we have spent the last several months in an intensive search for the best and brightest young professionals to make up our first cohort of Acumen Fund Fellows. After reviewing applications from some 600 candidates from 52 countries (and talking to many of them), we are extremely pleased to announce our eight 2006 Fellows, who will be starting with us in September:

  • Ayeleen Ajanee
  • Eric Berkowitz
  • Adrien Couton
  • David Lehr
  • Fabrice Ndjodo
  • Keely Stevenson
  • Nadaa Taiyab
  • Jocelyn Wyatt

(more…)

World Bank Development Marketplace brings market focus to social innovation

Friday, May 19th, 2006

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 much as technical innovation. Second, while the projects varied in terms of their potential to achieve scale and sustainability, they showed a clear trend towards seeing beneficiaries as customers, a critical piece of the Acumen Fund philosophy. (more…)