Roughly two billion people in the world live on $2 a day or less. Of these a staggering 50 per cent are estimated to be micro entrepreneurs, running a small business to make ends meet but employing only a handful of people. If just a small proportion of these entrepreneurs were encouraged to grow and invest in their business, and hire more employees, it could transform the fortunes of the developing economies, and billions of people living in poverty. In this article, Stephen Anderson-Macdonald discusses the "Managerial Capital and Business Transformation in Emerging Markets" project, among others, which examines how transformational entrepreneurs can be identified and nurtured.
SME Initiative In the News
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare.
The John Templeton Foundation serves as a philanthropic catalyst for discoveries relating to the Big Questions of human purpose, including exploring effective ways to empower the world’s poor to make progress towards prosperity.
SEVEN (Social Equity Venture Fund) is a virtual non-profit entity run by entrepreneurs whose strategy is to markedly increase the rate of innovation and diffusion of enterprise-based solutions to poverty. It does this by targeted investment that fosters thought leadership through books, films and websites; supporting role models - whether they are entrepreneurs or innovative firms - in developing nations; and shaping a new discourse in government, the press and the academy around private-sector innovation, prosperity and progressive human values.