Mark Florman – Building the Impact Venture Ecosystem

Transcript

1. Experience § Build Africa and Build a School § 8 Miles § Centre for Social Justice § Legacy List Overview
2. Experience § Community development § Private sector development § Research & policy development § Community development Overview Emerging Mature ü  C ü P ü  C ü P
3. Build Africa and Build a School §  Programme to give rural communities capital and expertise §  105 schools; 95,000 children per annum §  Life cycle of engagement: 10-12 years §  Partnership between Build Africa, community and government §  Primary education and vocational skills §  Establish virtual circle between education and income In Africa
4. 8 Miles §  Private equity builds businesses §  Employ a code to develop business responsibility §  Governance, risks, monitoring progress, reporting §  Environment – do not import First World values §  Better businesses can be sold §  Government and DFIs: funds are catalysts §  DFIs understand the private sector In Africa
5. Centre for Social Justice §  Leading policy think tank §  Identify the 5 pathways to poverty (worklessness, family breakdown, educational failure, addiction, debt) §  Empirical national research to propose policy §  70 policies accepted by Government §  Universal credit, from 105 benefits §  Previously welfare and benefit ‘reform’ treated as a statistical ‘problem’ In Britain
6. Legacy List §  The Legacy of the Olympics in east London §  Master plan for urban regeneration §  Olympics only the opening ceremony §  Focus on empowerment and business opportunities §  Don’t get carried away by technology, most good business that generate jobs employ 20-50 people §  Engage with many small poverty-fighting charities In Britain
7. Conclusion §  Government and DFIs are enablers (only) §  Otherwise, get out of the way (ex. G20 Initiative Africa) §  Emerging world: allow capital and expertise to flow §  Emerged world: look at how society collapses under a weight of bureaucracy, media driven politics and excess regulation §  Free markets work