We recently finished prototyping for our Business Model Generation Part 2: Financial Forecasts lab so wanted to introduce you to our partner. Medora Ventures is a strategy consulting firm for purpose driven ventures. It was founded on the belief that the most valuable investments produce a return not only for shareholders but also for the local community, for society overall, and ultimately for generations to come. They apply proven approaches to develop impact strategies that minimize resource use, mitigate risks, and ensure lasting gains. They help clients measure and message their impact in the world, which sets them apart from competitors and builds customer loyalty. They also help unlock opportunities for growth by creating outreach strategies and developing connections into new markets and sectors. Continue reading to learn more about the lab.
Once the Business Model Canvas tool has been has been created, this lab teaches participants to create a financial model and financial forecast. they will learn the basics of building a simple financial model and forecast while studying archetype case studies of common financial models relevant to CARE’s work including rural sales and distribution, trading platforms, social enterprises, and consulting. Previously, when CARE has sought to spin off a social enterprise or create a consulting practice, we hired consultants to create financial forecasts. The problem is, those models end up being too complex and staff do not have the skills to actively use the tools. Furthermore, the complex models are not appropriate for early stage ventures that are still evolving their business models. Instead, staff shepherding the ventures need the skills to use the forecasting tools and actively adapt the model as the model evolves.
We’re pleased to introduce Amani Institute, whose mission it is to “develop professionals who create social impact!” We are partnering with Amani to implement the upcoming Intrapreneurship Training session at the Scale X Design Accelerator Boot camp in Atlanta next month. This training will give our teams the skills to act like an entrepreneur and to fully integrate the innovative approaches they’re learning in the Accelerator into every aspect of their work at CARE.
Here’s how Amani Institute describes intrapreneurship: “We believe that there is a critical role for people who prefer to work inside an organization to make an impact – what is now being called an “intrapreneur.” Not everyone needs to launch a new company. Just as important as entrepreneurs are the leaders and managers who help the organization grow and fulfill its potential to solve social problems and improve the world.”
Amani Institue has worked with a wide range of NGOs, social enterprises, private companies and foundations to increase their capacity for social innovation. “Social innovation is a mindset and a process that can be taught, learned and reinforced with practice… [Organizations should] ensure they are building their staff’s innovation capability by offering access to training.”1 This encapsulates the Amani Institute’s work and we are thrilled to have them on board for what is stacking up to be an amazing week of intensive learning! Learn more about Amani Institute’s work here.
Sexual and gender-based violence (SGBV) continues to be a significant issue facing women and girls in Sri Lanka. A large number of studies conducted on SGBV tend to evaluate the impact it has on victims/survivors. Having reviewed existing research conducted on SGBV in Sri Lanka, CARE Sri Lanka identified a gap in research: there was no study that examined the attitudes of male perpetrators of SGBV. Our groundbreaking study Broadening Gender: Why Masculinities Matter, conducted over three years in collaboration with Partners for Prevention, was born out of a need to fill this gap.
Twenty-four percent of the men surveyed admitted to using physical violence against their wives or partners, while 15% of men surveyed admitted to having committed rape, with the majority of cases involving the rape of a partner. The study also highlighted some disturbing findings, particularly in relation to men’s motivation for perpetrating violence, as well as in relation to the culture of impunity that leads to a cycle of violence. For example, 67% of men who reported perpetration of sexual violence said that they were motivated by sexual entitlement—their “right” to have sexual relations with women.
CARE Sri Lanka is instituting a multi-pronged approach to tackle SGBV that works with men and boys to address the attitudes of male perpetrators of SGBV. This approach includes implementing a key policy recommendation to address GBV within all state universities in Sri Lanka and working with the Ministry of Women’s Affairs to pilot five Child and Women Development Units (CWDU) in five divisions in Sri Lanka. These units support state offices to prevent and respond to SGBV effectively.
Team members Vindhya Fernando and Ashika Gunasena will be representing their work with Broadening Gender at the upcoming Scale X Design Challenge!
The Scale X Design Challenge countdown has kicked into high gear for us at the Accelerator! While we are coordinating with participant teams from across the globe, making the logistical plans to get them to the event and nurturing the very best in development innovation, we also have some fantastic corporate sponsors providing financial support to make the Scale X Design Challenge truly a can’t miss event.
The Scale X Design Challenge is a way for our teams to show off all of the hard work and significant progress they have made in areas of development need. This is an opportunity to get unprecedented visibility for their work that they could not achieve in their home region. We have teams flying in from India, Ethiopia, the Balkans, and beyond to work with their peers in interactive workshops that will elevate their skills. Events surrounding the Challenge give teams the chance to connect to potential donors, business and specialized mentors, and global partners that will enable them to multiply their impact. The Scale X Design Challenge’s corporate sponsors gain high profile promotion and advertising during and surrounding the Challenge and ensure a lasting impact through all 15 of our participating teams.
Would you or your company like to join the likes of Delta in supporting the next group of change makers in their quest for scale? Check out our sponsorship brochure below for all of the perks and make sure to RSVP to the Scale X Design Challenge!
Before the Scale X Design Challenge in New York City, we are hosting the first stage of the SxD competition- Pitch Practice- in Atlanta, where CARE is headquartered. Register now to attend!
With financial resources and the agility to implement their programs on a global scale, these teams will lead the way with shared intelligence, a unified vision and a singular focus to empower millions of people and inspire lasting change. Send your questions to firstname.lastname@example.org.
Thursday, January 19, 2017 at Atlanta Tech Village
6:30 – 7:00 p.m.: Reception
7:00 – 8:00 p.m.: Scale X Design Challenge Practice Pitch
8:00 – 9:00 p.m.: Pitch Wrap Up & Feedback
If you will be in Atlanta on January 19th, join us to help decide who advances to the final competition in New York!