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November 10, 2006
Acumen--Designing Better Solutions For Bottom of The Pyramid Problems of Poverty.
Next week, Acumen Fund one of the most innovative philanthropies I know, will celebrate its fifth anniversay and the Innovation & Design channel has a rather remarkable story on it. It illustrates how design thinking is being used beyond the business space to solve important problems in education, transportation, the legal system--and most importantly in ending poverty.
Let me quote just a bit from the story written so beautifully by Jessi Hempel-- "Acumen is a leader in the fast-emerging hybrid sector that straddles private industry and nonprofits. Technically a nonprofit, it invests in enterprises in developing countries with the strategy and discipline of a Silicon Valley venture-capital firm."
Another quote-- "Acumen's founder is Jacqueline Novogratz, a former banker with an infectious magnetism and a melodic voice that delivers a constant call to action. Under her leadership, the fund manages $20 million in investments that fall within three portfolios: health, water, and housing. But Acumen's goal is far larger than successful companies. Says Novogratz: "We're creating an overall design for how you provide goods and services to poor people."
Acumen is part of a larger conversation that includes TED, Google.org, IDEO, IN and other organizations designing a better way, a better future. Pay attention to it. Better yet, get involved.
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Solution agnostic? from Perspective
Ruminating at the bottom of the pyramid, and thinking about what was written about the Acumen Fund yesterday and their work in India has led to some intense navel gazing on my side of the screen. The article brings to [Read More]
Tracked on November 11, 2006 11:51 PM