In Chile, a novel training program pairs business-school students with low-income entrepreneurs in a mutually enriching partnership. They have realized that beyond just financing, mentorship and training are sometimes needed for entrepreneurs to get started in the right direction.
This second IFC International Forum for Investment in Private Higher Education closed on Friday with a flurry of suggestions from the audience about future events and topics.
Yesterday the forum got underway with opening remarks by Mr. Wolfowitz, who drew on his experience as ambassador in Indonesia to focus on poverty and the limited access to education which perpetuates it. He called on the World Bank and the IFC to work together to increase access for the poor, but also to offer quality education and value for students whose families struggle financially to allow them to attend school.
This was followed by an overview of the global trends in this sector and by a presentation on the state of the US private higher education market.
Yesterday the IFC began its second International Forum on Investment in Private Higher Education. The focus was on innovations in the K-12 subsector and featured five speakers: Carl Bistany, President of Sabis; Raul Mendez, Rector at UNITEC in Mexico; Kagan Kalinyazgan, General Manager of YUCE IT Academy in Turkey; David Copeland, Chairman of Te Ketelpurangi in New Zealand; and Laura Perez, Dean at Technologica Monterrey in Mexico.
Today starts the IFC’s three-day International Investment Forum for Private Higher Education. The keynote speaker will be Sir John Daniel (who I bet you didn't know was the first person person to preach in Westminster Abbey from a laptop computer).
The Global Social Benefit Incubator is offering 10 spots in its intensive two-week program meant to help “successful technology innovators scale their endeavors and achieve sustainability.” Each fellowship is valued at $20,000. The application process has its hurdles, but last year’s class was able to get in. Best of luck!
Critical to Africa’s economic growth problem is a lack of the managerial skills needed to grow successful firms. By providing firms with a stronger pool of trained managers, African business schools can help foster a healthy private sector.
So say Guy Pfefferman and Brent Chrite in our new online discussion. I respond: