Download - EPG Priya Shah

Report launchThursday 7th February 2013, 8-10am

Social Enterprise In Pakistan: Unlocking Innovation Through Enterprise Incubation

The format for this morning is:

08:00 - Registration and breakfast.

08:30 - Welcome from Dylan Matthews, Senior Associate, Allen & Overy.

08:35 - Introduction, Priya Shah, Lead Author of Report.

08:45 - Responses from Panellists: - Dr Iman Bibars: Regional Director of Ashoka Arab World, co-founder and chair of Association for the Development and Enhancement of Women. - Huma Fakhar: President at MAP Services Group and Partner at the Gulf Food Fund. - Ali Akbar: Pakistan Country Director at Hashoo Foundation and former Head of Programme Management at Big Lottery Fund.

09:20 - Panel discussion and Q&A moderated by Priya Shah, Lead Author of Report.

09:55 - Closing remarks from Tommy Hutchison, Founder and CEO, i-genius.

10:00 - Networking and refreshments.

#socent @PratikEPG

Our speakers for this morning are:

Priya Shah

Lead author of this report;

Consultant at EPG; Programme

Manager at Asia House; and lead

author of Frontier Markets:

Pakistan.

Huma Fakhar

Founder and Managing Partner of

MAP Trading and Investment UK,

providing marketing, trading and

investment services globally;

Managing Partner of Gulf Food

Fund; and Chairperson of the Brains

Trust, the Evian Group’s political

economy think-tank in Switzerland.

Dr Iman Bibars

Founder and Regional Director for

Ashoka Arab World; Leadership

Group Member and Global Diaspora

Leader at Ashoka; co-founder and

chair of ADEW, a CSO providing

credit and legal aid for

impoverished women; Peace Fellow

at Georgetown University; Parvin

Fellow at Princeton University;

author.

Tommy Hutchison

Founder and CEO of i-genius;

Visiting Fellow at Liverpool Hope

University; and Advisor to Hunan

University. Previously Tommy

worked in the City as an aerospace

analyst before becoming Political

Advisor to NatWest and then

Director of the Industry Forum.

Ali Akbar

Social development practitioner;

Pakistan Country Director for

Hashoo Foundation; has established

country programme office in

Pakistan for Voluntary Service

Overseas, helped establish

Strengthening Participatory

Organization; managed programme

portfolios of over 500 million pound

for Big Lottery Fund.

#socent @PratikEPG

EPG Economic and Strategy Consulting, 78 Pall Mall, London, SW1Y 5ES

www.economicpolicygroup.com

Priya Shah

Thursday, 7 February 2013

SOCIAL ENTREPRENEURSHIP IN PAKISTANUnlocking innovation through enterprise incubation

The Scope for Social Enterprise in Pakistan

Landscape:

• In Pakistan, 66% of the population of 187 million lives at the base of the pyramid, under US$2 a day.

• Low-income communities lack adequate access to healthcare, education, water, energy, and housing.

• Similar to most developing countries, the government and the private sector have not been entirely able to fill the gap for the provision of goods & services – this is where social enterprises come in.

Opportunity:

• A wealth of natural resources is untapped across the energy, agribusiness and mining sectors.

• Two-thirds of the population is under 30 years old; there is a need for stronger vocational training and empowerment of able workforce.

• Technology & innovation can be used to boost local enterprises.

• A number of foundations and social intermediaries are already active in this space.

The Report: Why Business Schools?

• Business schools represent a highly skilled segment of the education sector. They can be the launching pads for social innovators with the right inputs. There are 99 higher institutions offering business education in Pakistan.

• Prestigious universities (LUMS, IBA) can leverage global networks to build incubator hubs in Pakistan.

• The provision of management, innovation and skills training is vital for the next generation of entrepreneurial businesses.

• Alumni networks through business schools can continue to mentor young entrepreneurs through fellow and accelerator programs.

• Case studies from other markets, such as India, can be used to assess replication in Pakistan (e.g. IIMA incubator hub in India).

The Report: Key Findings

• Pakistan has a thriving entrepreneurial culture that can be harnessed effectively by business schools.

• Fellows system and mentorship networks are key to capacity building and providing post-investment management assistance.

• Grassroots activities now need to translate to the policy level (Social Innovation Coalition).

Insights & Recommendations

The Incubator Model

Government Support

Research and Development

Funding

InfrastructureTechnical (initial

expertise for business, sales, marketing etc.)

Organisational (management inputs plus

relational support for human resources

development )

Inf rastructure (providing initial capital, land,

equipment)Private investors

Goverment grants and donations

International publications Research grants

Faculty-Student ratio (indicator of quality

assurance)

Campus area, computers, Bloomberg and Reuters terminals,

Library

Incubation centre for business start-ups: provide initial seed

funding

Self generating funds (regular, executive

courses, vocational etc courses)

Business Education

Source: EPG


A Value Chain Analysis

0

1

2

3

4

5

6

Faculty Development

Program

Students Development

Program

Faculty Renumeration and

Awards

Faculty Education and Exposure

International Faculty

Development Program

International Students

Development Program

Industry Linkages Research Environement

Scale

(1 is

Bad,

5 is

Exce

llent

)

LUMS IBA SZABIST Bahria NUST

0

1

2

3

4

5

6

Faculty Development

Program

Students Development

Program

Faculty Renumeration and

Awards

Faculty Education and Exposure

International Faculty

Development Program

International Students

Development Program

Industry Linkages Research Environement

Scale

(1 is

Bad,

5 is E

xcell

ent)

Harvard MIT CUNY Stanford Yale

Source: EPG


Social Innovation Coalition

• Stakeholder Dialogue: Various players involved in knowledge transfer around social entrepreneurship; unit maintained through a secretariat.

• Social Investment Fund: Financial

intermediary groups responsible for investment

allocation, sector due diligence

and risk diversification.

• Innovation Lab: Research unit where

technological advances are utilised in

social enterprise scaling.

• Cross-border Entrepreneurialism: Social

innovation models, implemented in other

emerging economies, are replicated in

Pakistan.

Social Innovation Coalition

Stakeholder Dialogue

Social Investment

Fund

Cross-border entre-

preneurialism

Innovation Lab

Conclusions

Key Takeaways:

• Public and private investors can play an instrumental role in shaping the ecosystem and unlocking the full potential of Pakistan’s social entrepreneurs.

• Raising both investor confidence and entrepreneurial confidence is critical to this process – role of education, mentorship and training programmes.

Calls to Action:

• Interlink various institutions and players to create dynamic shifts and implement long-lasting policies to foster social innovation.

• Empower entrepreneurs to deliver hybrid financial and social return on investment.

THANK YOU

Priya Shah, Consultant, Economic Policy Group

Download - EPG Priya Shah

Top Related