Hello,
We have already 16 projects from 11 countries and various sectors ranging from waste management to health and housing. Thank you to all early participants for presenting their market-based approaches that benefit low-income populations. We are looking forward to more applications to share experiences, brainstorm on how to face common challenges and stimulate further thinking and action in the field.
As Darin from the Wiros Lockh Institute points out, we are interested in a revolution! Millions of unserved people should be able to benefit from these basic products or services. Some of the entries received so far illustrate creative strategies to bring down the cost of providing products/ services or uncover value creation potential by identifying a ýwin-winý opportunity or transforming untapped resources such as waste in Bangladesh. They also bring important lessons about giving choice to low-income communities ý often a real luxury by their current living standards ý and mobilizing a large number of low-income people to be able to design and implement sustainable solutions.
Key questions also start to emerge. How to go beyond the start-up phase and scale up? How to design a solution financially sustainable in spite of the limited economic resources of beneficiaries or how to find the right type of investors? How to identify the core principles of oneý solution in order to replicate it to different locations? How to create wide-reaching delivery channels to bring technology innovations to masses?
We look forward to hearing more from you,
Stephanie
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