Date: 20-04-2018 5:24PM Source: Ecociate Category: General, Environment, Govt. & Public Policy, Ngo, Social Issues, Events And Conferences, Philanthropy Location: New Delhi, Delhi, India
Business Wire India
New Strategies in Building BoP Ecosystem
The Enterprise for a Sustainable World (ESW) and Ecociate, in collaboration with the BoP Global Network Labs, have organised the 3rd BoP Global Network Summit. Today’s event at Habitat Center New Delhi has built upon on the 2nd BoP Global Network Summit: “Sustainable Entrepreneurship from The Bottom Up” held in 2015 in Burlington, VM-USA, which brought together corporate innovators, academics, entrepreneurs, community leaders, students, and BoP Global Lab leaders from more than 25 countries and they added up to more than 2 billion people, one third of the world’s population.
Hon. Minister of Commerce & industry Mr. Suresh Prabhu as Chief Guest and keynote speaker for the event emphasized on the ideas of economic growth leading to natural improvement in the quality of life. He mentioned, “India’s growth stories cannot follow any of the existing economic theories or global models. It’s time to create unique theories based on problem diagnostic and holistic solutions in nature. The environment is holistic as each one of us is inclusive on the planet.”
Dr. Stuart L Hart, the founder of BoP Global Network has played an integral role in helping to catalyze it around the world.
He shared, “The time has come for companies in India to leverage the CSR law to launch actual new business initiatives aimed at solving and environmental problems. The BoP Global network summit is aimed squarely at the objective. While we have made substantial headway in alleviating poverty over the past two decades, we have yet to effectively engage the billions of underserved, low-income people around the world who earn between $2 and $10 per day per capita. The BoP Global network summit forums in how the enterprise needs to have effectively serve and lift this massive and growing demography.”
The event was attended by a strong and mutually aligned network and partner in the ecosystem including academia, government, development agencies, local entrepreneurs, and NGOs.
Representative from 26 countries
200 Participants
12 BoP Labs
40% Enterprise participation
14 Academia
20% NGO
The 2018 BoP Global Network Summit focused around three emerging strategies to be responsible towards the environment, effectively reach and served the base of the pyramid and enable inclusive growth
Beyond Selling to the Poor: Toward BoP Market Engagement Strategies
The session during these 3 strategies was based on creative ways to build more effective ecosystems, networks and explore the frontiers through plenary sessions featuring state-of-the-art practice, followed by working sessions to build and accelerate momentum toward making them a reality.
The field visits of more than 30 participants were made yesterday to three different locations- the Mohalla clinic the largest paddy market in India, a last mile health care centre, and the waste to energy plant to gain firsthand experience of the touch points of BoP communities.
India Context
India has more than 810 million (81 crores) people in BOP (Base of the Pyramid) category. These marginalized Indians earn less than $2 per day. In the last 20 years, Parliament has enacted laws Like Food Security Act, MNREGA, Right to Education and the Government of India also has taken large policy measures like JAM (Jandhan-Aadhar-Mobile), Free Family medical Insurance, EGM (Employment Generation Mission) to create an ecosystem for their sustainable income levels.
Despite having statutory acts enacted by Parliament & inclusive policies Indian Government needs to implement in mission mode mega initiatives to enhance the income level of BOP farmers (Kisaans) &create sustainable employment with a steady income for BOP youth.About Enterprise for a Sustainable World (ESW)
In order to generate greater momentum and speed progress, Dr. Hart started the Enterprise for a Sustainable World (ESW) - a national non-profit corporation dedicated to achieving global sustainability by helping corporations make the transformation toward becoming a sustainable enterprise. ESW is now guiding the process and taking the necessary steps to formalize the BoP Global Network.
The BoP Global Network invites potential entrepreneurs and executives interested in creating and disseminating knowledge about the theory and practice of business at the BoP, and to support the initiative by becoming a corporate member. Member support will help provide the resources required to create a knowledge platform for sharing the latest articles, case studies, research, and project information on BoP initiatives and effectively manage and grow the Network.
About Ecociate
Ecociate Consultants is a Business Consultancy firm with a focus on business innovation and sustainability, works with both social and corporate businesses. It is a Knowledge organization with capacity to ideate, conceptualize and activate new business solutions in BoP markets / emerging markets through a process of Community Co-creation and Business Modeling in the low-income settings of emerging markets.
Ecociate is working with BoP communities by Designing inclusive business solutions by adopting triple bottom line approach. Designing innovative and scalable business models through a process of co-creation with low income communities. Using a landscape approach by involving stakeholders for long-term sustainability. Promoting responsible business as a sustainable business strategy among corporate. Facilitate and handhold rural enterprises with Business planning and execution to achieve sustainability.
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