Download - Promoting entrepreneurship & innovation
1
Promoting creative minds and innovation among the youthMarc Lepage, Africa knowledge & innovation advisor
UNDP Africa Regional Service Center, Addis Ababa
2
Large scale initiatives…
3
…entrepreneurship..
4
..Government scheme…
5
Governments need to encourage entrepreneurship and provide job-focused training to help the millions of young unemployed people on the continent, says OECD
Mix!
6
Agenda•Mind of an entrepreneur
•Social innovation in Africa
•What more can we do – way forward
7
Entrepreneur
8
Social Entrepreneurs
-The social entrepreneur harnesses entrepreneurship skills to do social good
-Combines the passion of a social mission with an image of business-like discipline, innovation, and determination
9
Definition of “Social Enterprise”
•A social enterprise is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximize profit for shareholders and owners.
10
Social Entrepreneurship (1)
What is it? What do they do?
• Applying practical, innovative and sustainable approaches to benefit society
• Focus on marginalized and poor• Starting for-profit or earned-income ventures by not for profit organizations
11
Social Entrepreneurship (2)
How different from NPO and NGO?
• NPO and NGO
→ make social values mostly by donations.
• Social Entrepreneurs
→ make social values mostly by BUSINESS.
=SUSTAINABLE
12
Role of Social Entrepreneurs• To develop employment
• To make social and environmental Innovation
• To create new goods and services• To promote Equity• To serve the poor and marginalised• To open new areas• To make financial models work for users• To offer wider social benefits• To Assist the government
13
Program areas of Social Entrepreneurs
1. Economic & Job Opportunity creation
2. Community & Rural Development
3. Environment & Nature Protection (Eco)
4. Market & Microenterprise Development
5. Institutional & Organizational Development
14
Examples of Social Entrepreneurs
• Prof Mohamad Yunus
– Grameen Bank, Bangladesh
• Bill Drayton
– Ashoka Foundation-Innovators for the public, USA.
• David Kuria
– Ecotact Kenya (Ikotoilet), Kenya
• Ingrid Munro
– Jamii Bora MFI, Kenya
15
Characteristics of Social Entrepreneurs (1)
• Social Catalysts Are visionaries who create fundamental social
changes by reforming social systems and creating sustainable improvements.
• Socially aware Social improvement, as opposed to the
creation of profit, should be the ultimate goal • Opportunity-seeking Pursue their goals relentlessly, seeing every
obstacle as an opportunity
16
Characteristics of Social Entrepreneurs (2)
• Innovative They are creative, willing to think outside the
box and ready to apply ideas to new situations.
• Resourceful Acting boldly without being limited by
resources currently in hand• Accountable “Am I creating value for the people I am
serving? Do I understand their needs?”
17
Ways of becoming a Social entrepreneur
Most importantly…
Love your society & environment and
don’t give up to change it in a good way!!
18
Are you?
Let’s look at few
examples
19
Innovation is about
Needs and Solutions
Innovation = New approach + Unmet social need
20
THE NEED
Cheap, affordable and clean electricity for low income
families
Access to Energy
21
THE NEED
Differentiating between
genuine and fake drugs
Health Security
22
THE NEED
Decent toilets in low-income
urban centres
Urban Equipments
23
THE NEED
Basic financial
services get to people in
the rural areas
Mobile Banking
24
THE NEED
Decent & affordable
housing for low-income urban
and rural dwellers
Housing
25
THE NEED Improving
access to clean water
Hippo Water Roller Project
26
Steal with pride…and learn!
Knowledge is outside.
Work with young people.
27
Skills matching: Concree
28
Funding opportunities
29
Innovative funding
30
Malawi innovation fund
31
Rwanda: YouthConnekt
32
Incubators
33
Innovation hub: IceAddis
34
Ethiopia: entrepreneurship development center
35
Technology Innovation Agency
36
Rwanda: mobile app contest
37
partnership approach: engage with social Innovation hubs in Africa& Centers across Africa.
38
Where will you go tomorrow?
