There has been increasing interest around the world in the role that inclusive businesses, which engage and benefit the global poor, can play in the fight against the problems of poverty. However, disappointingly few of these have achieved the scale required to make a significant difference. An analysis of over 400 such firms in Africa showed that a mere 13% of them had begun to scale. Now, in Beyond the Pioneer: Getting Inclusive Industries to Scale, our colleagues at Monitor Inclusive Markets share new findings that explain why this is the case, along with recommendations for how these problems can be overcome. Their new report:
Beyond the Pioneer is the culmination of a year of in-depth research into cases of industry facilitation and growth across Asia and Africa, in a range of sectors including financial services, energy, agribusiness and healthcare. It also draws on Monitor Deloitte’s own experience of developing market-based solutions to poverty on the ground in India, in sectors such as housing and safe water.
We hope you find this new work of interest, and look forward to hearing your thoughts and reactions.
This work has been made possible by the support of Omidyar Network, The MasterCard Foundation, Shell Foundation, Bill & Melinda Gates Foundation, The David and Lucile Packard Foundation, Global Impact Investing Network / Department for International Development (UK), The Rockefeller Foundation, United States Agency for International Development, and The William and Flora Hewlett Foundation.