Co-creation Entrepreneurship

partners in a sustainable business initiative

Pedro Eikelenboom, Co-Creation, ICCOANDE/ICCO meeting

Amsterdam, May 30, 2011

The Co-Creation approacha business strategy on poverty alleviation

Key Feature

An innovative model to support SME's in developing countries:

ICCO partners up with an entrepreneur, creating an economic (entrepreneur), social (ICCO) and sustainable (both) successful business.

The Co-Creation approachembrace a business strategy on poverty alleviation

● Desire to make a difference

● Ambitious and willing to take risks

● Enable collaborative creative engagement

● To have real “ownership” as a stakeholder

● Set the tone on innovation, sustainability and impact

● Model or project can be replicated in other regions

Make a difference in poverty alleviation through a joint mission and direct involvement in the project.

The Co-Creation deliverablesICCO challenges you

• Multi stakeholder approach

• ICCO guarantees social development outcomes

• Entrepreneur enables sustainable business

• Local counterpart commits to the participation and strengthening of the beneficiaries

• ICCO attracts and leverages the necessary investments from other parties.

The Co-Creation structure

The Co-Creation projectsAn overview of the current portfolio

The Co-Creation structuregeneral principles

● Identify background and landscape surrounding the business challenge

● Examine the scope of the project

● Ensure alignment of the points of view participating stakeholders

● Commitments are always a combination of grant and loan (with interest) and/or equity participation (shareholder)

● Grant and loan participation is on project by project basis

● Equity participation starts with a minimum of 100.000 EUR

● Minimum of 50% equity participation/loan and 50% grant

The Co-Creation structurefocus on equity participation

● Determine your objectives for the investment

● Incorporated in trust fund (portfolio), invested in current or new development projects

● A social return on investment

● Retractable after a minimum of 3 (fiscal) years

● ICCO monitors procedures and administrates trust fund

The Co-Creation structurereturn on investment

Your impact on poverty alleviationHow can you participate?

● Co-Investor = Co-Creator

● Shareholder (member to the board)

● Opportunity to visit project (site), meet and discuss results with stake holders and beneficiaries

● Portfolio updates (new opportunity)

● Updates through media outlets

● Co-Creator Ambassador