ICCO Co-creation english may 2011

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Mr. Eikelenboom spoke at the ANDE/ICCO meeting of May 30, 2011 in Amsterdam about the role of ICCO in supporting low income populations in developing countries and how to challenge the private sector in the United States, Europe and emerging markets to participate as shareholder in innovative business opportunities with a pro-poor approach. Hereby challenging companies and social investors to become co-creators in sustainable business initiatives.

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  • Nice perspective on how cocreation could contribute to a better world. Thanks for sharing, Marieke
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ICCO Co-creation english may 2011

  1. 1. Co-creation Entrepreneurshippartners in a sustainable business initiative Pedro Eikelenboom, Co-Creation, ICCO ANDE/ICCO meeting Amsterdam, May 30, 2011
  2. 2. The Co-Creation approacha business strategy on poverty alleviation Key Feature An innovative model to support SMEs in developing countries: ICCO partners up with an entrepreneur, creating an economic (entrepreneur), social (ICCO) and sustainable (both) successful business.
  3. 3. The Co-Creation approachembrace a business strategy on poverty alleviation
  4. 4. Make a difference in poverty alleviation through a joint mission and direct involvement in the project. ● Desire to make a difference ● Ambitious and willing to take risks ● Enable collaborative creative engagement ● To have real “ownership” as a stakeholder ● Set the tone on innovation, sustainability and impact ● Model or project can be replicated in other regions
  5. 5. The Co-Creation deliverables ICCO challenges you • Multi stakeholder approach • ICCO guarantees social development outcomes • Entrepreneur enables sustainable business • Local counterpart commits to the participation and strengthening of the beneficiaries • ICCO attracts and leverages the necessary investments from other parties.
  6. 6. The Co-Creation structure
  7. 7. The Co-Creation projects An overview of the current portfolio
  8. 8. The Co-Creation structure general principles● Identify background and landscape surrounding the businesschallenge● Examine the scope of the project● Ensure alignment of the points of view participating stakeholders● Commitments are always a combination of grant and loan (withinterest) and/or equity participation (shareholder)● Grant and loan participation is on project by project basis● Equity participation starts with a minimum of 100.000 EUR● Minimum of 50% equity participation/loan and 50% grant
  9. 9. The Co-Creation structure focus on equity participation● Determine your objectives for the investment● Incorporated in trust fund (portfolio), invested in current or newdevelopment projects● A social return on investment● Retractable after a minimum of 3 (fiscal) years● ICCO monitors procedures and administrates trust fund
  10. 10. The Co-Creation structure return on investment
  11. 11. Your impact on poverty alleviation How can you participate? ● Co-Investor = Co-Creator ● Shareholder (member to the board) ● Opportunity to visit project (site), meet and discuss results with stake holders and beneficiaries ● Portfolio updates (new opportunity) ● Updates through media outlets ● Co-Creator Ambassador

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