Innovations in development happen where traditional markets fail. The open discussion that followed the presentation I made on Monday to nearly 100 colleagues inside and outside the World Bank Group spurred the first of what I hope are many conversations on the role the World Bank Group and
"BRAC is built upon a foundation of innovation that is driven by an integrated approach to development and broad participation of its members... the BRAC model of innovation for the social good should be considered a new industry standard."
I am encouraged that the self-educated child I met when my car broke down on the Kenyan coast can monetize his intellectual capital using mobile technology.
Check out the story CNN is featuring on Hero Rats today. In the early days of the project Bart Weetjens of Apopo, the Dutch Company that implements Hero Rats, said that initially “Every where I went to apply for funding, we were just laughed at.” But in 2003 the Development Marketplace took his idea seriously and funded his project. Now Hero Rats are making news around the world.
A college student designs a battery-powered small microscope for only $240?! Loved this news from the Rice 360: Institute for Global Health Technologies. Reminds us that innovtaion cannot thrive without actual invention of new things.
On Thursday, July 22, the World Bank Institute is launching a special e-issue of Development Outreach magazine whose theme is "The Power of Innovation," and we're inviting you to help us tell how innovation can be a game changer in solving the biggest global development problems.
The webinar begins at 3 p.m., but sign in early -- by 2:30 or 2:45 p.m. -- because the number of participant slots is limited to 100.
In a post-crisis world, innovation may be the single most important driver of economic growth and competitiveness. The time is right to move development forward through creative uses of technology. We now have the capacity to scale up innovative approaches to meet the needs of people at the bottom of the pyramid when traditional markets fail to do the job.
How to do all this is detailed in "The Power of Innovation." Top experts tell how to mobilize innovative solutions to reduce poverty--smarter, better, faster, and differently.
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
- Social Development
- Public Sector and Governance
- Private Sector Development
- Information and Communication Technologies
- Culture and Development
- Communities and Human Settlements
- Agriculture and Rural Development
- Social Entrepreneurs
- Development Marketplace
What is it about TED and intellectual polyglots? I’m attending my second TED at Oxford this week and I’m struck by how I can meet a physicist, poet, musician, and blogger all in one person. Imagine what this does for unleashing creativity, imagination, and yes, innovation. While it’s not enough to bring diverse and intelligent people together and just expect brilliant results, the intellectual diversity inherent in a group has much to do with the quality of intellectual outputs and results.
Development Marketplace 2008 winner International Development Enterprises Cambodia is the recipient of the first Nestlé “Creating Shared Value” prize worth $475,000. The award will support IDE Cambodia to scale its micro-franchise agricultural program that has substantially raised the income of participating Cambodian farmers (photo at left).
IDE Cambodia received the prize -- for which 549 applicants from 79 countries competed -- at a ceremony Friday, May 28, in London.
The award will permit IDE Cambodia to extend its Farm Business Advisors (FBA) program -- initially funded with a $200,000 grant from Development Marketplace -- by recruiting and training an additional 36 advisors, generating approximately US $1.9 million in new income to impact 20,000 people in over 4,000 rural households around Cambodia. This represents an increase in income by upwards of 27 percent.
Mozambique’s weak socio-economic infrastructure and geographic location make the country particularly vulnerable to the impacts of climate change. Rain-fed agriculture is the main livelihood for subsistence farmers in this southeastern Africa country. But the resources farmers depend on are severely affected by the climate hazards of drought, flooding, and epidemic disease, and the outlook is for even more adverse impact. Moreover, the Government of Mozambique currently has neither the capacity nor the financial resources for an integrated adaptation strategy.
Helvetas (Swiss Association for International Cooperation), which has promoted rural development in rural Mozambique for more than 30 years, is working to close those gaps through activities concentrated in rural areas in the Northern Provinces of Cabo Delgado and Nampula. (Photo above shows Zero Emission Fridge seed storage silo that was Development Marketplace 2009 finalist and which subsequently won $2 million funding from European Commission Food Facility.) The Food Security and Value Chain (SAAN) project aims to contribute to increased livelihoods of semi-subsistence farmers and increased income from cash crop sales. To achieve its goals, SAAN promotes organizational and entrepreneurial capacity for improved productivity, post-harvest management, and processing and commercialization of agricultural produce.
Climate proofing of the Helvetas Mozambique Food Security and Value Chain (SAAN) project should decrease the vulnerability of farming families and increase their adaptation capacity. A Vulnerability Assessment and Evaluation of Adaptation Capacity (CVCA) in Cabo Delgado Province improved understanding of links between climate related risks, people’s livelihood, and project activities.