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Social Enterprise In Pakistan Unlocking Innovation Through Enterprise Incubation. 7/02/2013


  • 1. Social Enterprise In Pakistan:Unlocking Innovation ThroughEnterprise IncubationReport launchThursday 7th February 2013, 8-10am

2. 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 theDevelopment 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 ProgrammeManagement 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 3. Our speakers for this morning are:Priya Shah Dr Iman Bibars Ali AkbarLead author of this report; Consultant Founder and Regional Director forSocial development practitioner;at EPG; Programme Manager at AsiaAshoka Arab World; LeadershipPakistan Country Director for HashooHouse; and lead author of Frontier Group Member and Global Diaspora Foundation; has established countryMarkets: Pakistan. Leader at Ashoka; co-founder and programme office in Pakistan for chair of ADEW, a CSO providing Voluntary Service Overseas, helped credit and legal aid for impoverishedestablish Strengthening ParticipatoryHuma Fakharwomen; Peace Fellow at GeorgetownOrganization; managed programmeFounder and Managing Partner ofUniversity; Parvin Fellow at Princeton portfolios of over 500 million poundMAP Trading and Investment UK, University; author.for Big Lottery Fund.providing marketing, trading andinvestment services globally;Tommy HutchisonManaging Partner of Gulf Food Fund;Founder and CEO of i-genius; Visitingand Chairperson of the Brains Trust, Fellow at Liverpool Hope University;the Evian Groups political economyand Advisor to Hunan University.think-tank in Switzerland. Previously Tommy worked in the City as an aerospace analyst before becoming Political Advisor to NatWest and then Director of the Industry Forum. #socent @PratikEPG 4. SOCIALENTREPRENEURSHIP INPAKISTANUnlocking innovation throughenterprise incubationPriya ShahThursday, 7 February 2013 EPG Economic and Strategy Consulting, 78 Pall Mall, London, SW1Y 5ESwww.economicpolicygroup.com 5. The Scope for Social Enterprise in PakistanLandscape: 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 notbeen entirely able to fill the gap for the provision of goods & services this is wheresocial enterprises come in.Opportunity: A wealth of natural resources is untapped across the energy, agribusiness and miningsectors. Two-thirds of the population is under 30 years old; there is a need for strongervocational 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. Page 5 6. The Report: Why Business Schools? Business schools represent a highly skilled segment of the education sector. They can bethe launching pads for social innovators with the right inputs. There are 99 higherinstitutions offering business education in Pakistan. Prestigious universities (LUMS, IBA) can leverage global networks to build incubator hubsin Pakistan. The provision of management, innovation and skills training is vital for the next generationof entrepreneurial businesses. Alumni networks through business schools can continue to mentor young entrepreneursthrough fellow and accelerator programs. Case studies from other markets, such as India, can be used to assess replication inPakistan (e.g. IIMA incubator hub in India). Page 6 7. The Report: Key Findings Pakistan has a thriving entrepreneurial culture that can be harnessed effectively bybusiness schools. Fellows system and mentorship networks are key to capacity building and providingpost-investment management assistance. Grassroots activities now need to translate to the policy level (Social InnovationCoalition). Page 7 8. Insights & RecommendationsThe Incubator ModelCampus area, Incubation centre f orFaculty-Student ratiocomputers, Bloombergbusiness start-ups: (indicator of qualityand Reuters terminals,provide initial seedassurance) Library f unding Infrastructure Technical (initial Goverment grants and expertise f or business,donationssales, marketing etc.)Organisational Self generating f unds(management inputs plusBusiness Government (regular, executiverelational support f or Funding courses, vocational etchuman resources SupportEducation courses)development )Inf rastructure (providinginitial capital, land, Private investors equipment) Research and DevelopmentInternational publications Research grantsSource: EPG Page 8 9. Insights & RecommendationsA Value Chain Analysis 6 6 5 5Scale (1 is Bad, 5 is Excellent)Scale (1 is Bad, 5 is Excellent) 4 4 3 3 2 2 1 1 0 0 FacultyStudents Faculty Faculty Education International International Industry Linkages ResearchFaculty Students Faculty Faculty Education International International Industry Linkages Research Development Development Renumeration and and ExposureFacultyStudentsEnvironementDevelopmentDevelopment Renumeration and and ExposureFacultyStudentsEnvironement Program Program AwardsDevelopment Development ProgramProgram AwardsDevelopment Development Program ProgramProgram Program HarvardMIT CUNY Stanford Yale LUMSIBASZABISTBahriaNUSTSource: EPGPage 9 10. Insights & RecommendationsSocial Innovation Coalition Stakeholder Dialogue: Various players involved in knowledge transfer around socialentrepreneurship; unit maintained through a secretariat. Social Investment Fund: Financial Stakeholderintermediary groups responsible for investment Dialogueallocation, sector due diligenceand risk diversification.Social Innovation Lab: Research unit whereInnovationLab InnovationSocialInvestment Coalition Fundtechnological advances are utilised insocial enterprise scaling. Cross-border Entrepreneurialism: Social Cross-border entre-innovation models, implemented in other preneurialismemerging economies, are replicated inPakistan. Page 10 11. ConclusionsKey Takeaways: Public and private investors can play an instrumental role in shaping the ecosystemand unlocking the full potential of Pakistans social entrepreneurs. Raising both investor confidence and entrepreneurial confidence is critical to thisprocess 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. Page 11 12. THANK YOUPriya Shah, Consultant, Economic Policy Group