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Two Worlds and Times Convene for Sustainable Systemic Change

Posted by on May 17th, 2013

This article is one in a series of guest contributions by Alloysius Attah, co-founder of Farmerline.

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According to legend, the ancient Olympic Games were founded by Heracles, a son of Zeus (Greek god). The first Olympic Games for which were held in 776 BCE (though it is generally believed that the Games had been going on for many years already). The ancient Olympic Games grew and continued to be played every four years for nearly 1200 years. In 393 CE, the Roman emperor Theodosius I, abolished the Games because of their pagan influences.

Approximately 1500 years later, a young Frenchmen named Pierre de Coubertin began the revival of the Olympic Games. Coubertin’s attempt to get France interested in sports was not met with enthusiasm but he believed that, the experiment to revive the Olympics Games was worth it no matter the end results. He was willing to leave his blood and sweat on the field doing it. In 1890, he organized and founded a sports organization and in two years, Coubertin first pitched his idea to revive the Olympic Games. Though Coubertin was not the first to propose the revival of the Olympic Games, he was the most “unreasonable” and persistent of them of all. Two years later, he organized a meeting 79 delegates from nine countries to arouse their interest by speaking about the revival of the Olympics Games. The delegate voted unanimously for the Olympics Games and they decided to form the first the International Olympic Committee (IOC; Comité Internationale Olympique) in 1894.

Two years later, the first Olympic Games (Athletics, Cycling, Wrestling, Shooting, Tennis, Fencing, Swimming, Gymnastics and Weightlifting) was held in Athens. The evolution of the Olympic Movement during the 20th and 21st centuries has resulted in several changes to the Olympic Games. Some of these adjustments include the creation of the Winter Games for ice and winter sports, the Paralympic Games for athletes with a disability, and the Youth Olympic Games for teenage athletes. Now when we think of the Olympics, we think about the Gold Medals, Cal Lewis, and Usain Bolt record as the fastest man in the competition. In Ghana, we usually hope and pray that our athletes come home with just any medal to make us proud.

But what really define the Olympics for me are those inspirational moments that dramatize the power and resilience of the human spirit. Pierre de Coubertin persisted despite facing many hurdles; he succeeded in reviving the Olympics Games. That’s the true power of human spirit. He is national symbol of France and he reminds us of the capacity of the human race to overcome any obstacle.

Many scientist, environmentalist, social entrepreneurs and funders in time past have made tremendous strides in revitalizing our increasingly fatigued world. One person who deserves a gold medal is Myshkin Inqwale, inventor of ToucHB. ToucHB is a portable, mobile phone-sized device to diagnose and monitor anemia non-invasively i.e. without needles. The technology works on an optical principle and gives out results instantly. He succeeded in building it after 32 attempts.

Mohamed Yunus, a Nobel Peace Prize recipient also revolutionized the finance sector by starting microfinance for the poor. The microfinance industry has grown into a multi-billion dollar industry by extending financial services to the world’s poor because sufficient data was made available to investors to discover a way to understand risk and opportunity.

During a Facebook chat with Kevin Jones, convener of SOCAP, we discussed how we (social entrepreneurs and funders) can make a more conscious effort in incorporating the interest of the planet in our solutions. He shared with me the SOCAP 2013 conference track for ocean health and long term interest of attracting investment to bio-cultural resilience and the idea of building a bio-cultural resilience tool (oh yes, it was confusing at first).

The principles from the resilience shown in reviving the Olympic Games and the possibility of collecting and translating sufficient data to revolutionize the microfinance industry can be borrowed to preserve global oceans. Our quality of life today and the sustainability of our planet for the future depend on the ocean as our largest natural resource, as a habitat for countless species, and as a source of food and livelihoods.

To get entrepreneurs to understand the nature of the opportunity in revitalizing the oceans and to get impact investors to look at the ocean as a market opportunity, we need the bio-cultural resilience tool to collect and transmit data that can easily be consumed by various stakeholders. The bio-cultural resilience tool is the “International Olympic Committee” for the ocean and its “delegates” will be the socially and environmentally focused funders and entrepreneurs. It is a platform where both environmentally and socially focused funders are linked into a better and more complete deals than either could do on their own. This tool is a ‘Big Game’ with so many moving parts like lightweight messaging tool, due diligence tool and storytelling tool.

What this means is that Farmerline is willing to explore being the messaging backbone in the bio-cultural resilience tool. It’s an opportunity to enter new markets and also scale quickly. This experiment is worth undertaking because of the diversity and experience in the team behind it, a group of young Ghanaian technology entrepreneurs and a more experienced network of American Impact Investors. Happy Birthday to myself and Kevin Jones. Let’s see how the story unfolds…

About the Author

Alloysius Attah co-founded Farmerline, a mobile venture offering improved information access and communication pathways for smallholder farmers and agricultural stakeholders. He is passionate scaling technology to smallholder farmers across Africa. Alloysius brings to his peers, colleagues and community a sense of possibility and renewed enthusiasm. He is TEDxAccra speaker and an Echoing Green Fellowship 2013 semi-finalist. He studied Fisheries at the Kwame Nkrumah University of Science and Technology, Ghana and also has experience in using mobile and web technologies for development

Pipeline Fellowship: Changing the Face of Angel Investing

Posted by on May 16th, 2013

        

Join Zealyst Co-Founders Martina Welke & Britta Jacobs for breakfast at Tilth on Friday, June 7, 2013! The event is based in Seattle, WA.–spread the word to your networks if you can’t personally make it!

Pipeline Fellowship Founder & CEO Natalia Oberti Noguera will discuss how her organization’s changing the face of angel investing and she will interview special guest Barbara J. Prowant on Barbara’s efforts to increase diversity in the VC and entrepreneurship communities.

Check the Eventbrite page for details and registration.

SOCAP Open: What We’re Seeing in Week 1

Posted by on May 16th, 2013

In case you missed it, this year SOCAP is opening up. In a new experiment of collective community intelligence and democratization, we’re asking our community to publicly submit session ideas for SOCAP13, and/or vote up the ideas you want to see happen at Fort Mason this Fall. 

Our question to you: what important trends, developments, and innovations are accelerating the good economy? We just started accepting submissions a little over a week ago, and we’re already seeing some interesting trends emerge.

Radial Collaboration

The growing trend towards bigger and better collaboration in the name of impact continues. Our very first submission explores a Brazilian case-study of a fund / accelerator partnership with a Village Capital twist. Another post looks at the collective impact model that has had wild success with traditional philanthropy, and explores opportunities to create collaborative funds with impact investors. A third explores the concept of a truly three sided market.

Crowdfunding, Community, and Government

Many sessions address civic life and the role of government in both supporting and hindering opportunities to accelerate the good economy. From the aptly titled, ‘It’s the Deficit Dummy, a session looking to reframe the social impact bonds discussion, to a discussion on innovations in pay for success models. A few other sessions on this theme:

Innovations in Funding

Speaking of innovation, our community is always pushing the boundaries and looking for innovations in funding social impact. A few sessions help us get back to the basics on this topic, exploring how innovation happens, and imploring us not to forget the importance of due diligence in pushing the sector forward. Another explores growing trends in impact investing, and specifically how regional hubs are shaping the landscape.

Specific innovations that folks are looking to discuss include building a credit market for nonprofitsthinking beyond traditional exit strategies towards more novel methods of impact investing. Our very own SOCAP convener, Kevin Jones, has joined the fray and is proposing a new gender lens approach to impact investing.

Tools to Support Smarter Investing and Greater Impact:

Three different sessions propose new tools to help us make smarter investments or grow our impact as entrepreneurs:

Building Better Start-Ups

And of course, the ever important: how do we continue to build better start-ups doing this work? From innovations with B-corporations, to strategies for Investing in People. GEO submitted a session on Tools for grant makers to create pathways to grown impact. Some great proposals in this topic include:

 

Taking a Deep Dive

There are also some areas in which people are ready to take a deep dive and exchange on specific areas of opportunity. Those include:

 

As you can see, the contributions already are rich. And this is just the tip of the iceberg. Submissions close June 15th, and we’re eager to get all your thoughts. How do these ideas resonate with you? What content do you want to see? Let us know over at SOCAP Open.

HUB Member Alex Bernadotte at TEDxAshokaU: Find Your Place in the Universe

Posted by on May 14th, 2013

We’re thrilled to share that HUB member Alex Bernadotte, Founder and CEO of Beyond 12, recently delivered a TEDx talk  about finding your place in the universe. You can watch the recording below, or visit the YouTube page here.

 

“It was an amazing experience and opportunity to share an issue that keeps me up at night – ensuring that all students, regardless of life circumstances, have access to a quality education. Thank you for your support.”

–Alex Bernadotte

The Needs of Impact Enterprises

Posted by on May 13th, 2013

Last year, the Rockefeller Foundation commissioned SJF Institute and the CASE i3: Initiative on Impact Investing as part of “a global research consortium aiming to understand the needs of impact enterprises around the globe”.

One of the foundation’s questions was, if impact investors are the supply side, providing capital, what are the evolving needs of the demand side, those receiving it? What activities could foundations, governments and other institutions take to be sure the impact entrepreneurs, these tireless small companies working to create lasting improvements on communities, both domestically and globally, succeed to their greatest potential?

Among individuals who worked on the report are Cathy Clark, CASE at Duke University & Investors’ Circle Board of Directors and Bonny Moellenbrock, Investors’ Circle & SJF Institute.

Find out more about the release and download the Executive Summary to learn about the topic.