EPG Priya Shah


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

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EPG Priya Shah

  1. 1. Social Enterprise In Pakistan:Unlocking Innovation ThroughEnterprise IncubationReport launchThursday 7th February 2013, 8-10am
  2. 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. 3. Our speakers for this morning are:Priya Shah Dr Iman Bibars Ali AkbarLead author of this report; Consultant Founder and Regional Director for Social development practitioner;at EPG; Programme Manager at Asia Ashoka Arab World; Leadership Pakistan 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 impoverished establish Strengthening ParticipatoryHuma Fakhar women; Peace Fellow at Georgetown Organization; managed programmeFounder and Managing Partner of University; 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 Group’s political economy and 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. 4. SOCIALENTREPRENEURSHIP INPAKISTANUnlocking innovation throughenterprise incubationPriya ShahThursday, 7 February 2013 EPG Economic and Strategy Consulting, 78 Pall Mall, London, SW1Y 5ES www.economicpolicygroup.com
  5. 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 not been entirely able to fill the gap for the provision of goods & services – this is where social enterprises come in.Opportunity:• A wealth of natural resources is untapped across the energy, agribusiness and mining sectors.• Two-thirds of the population is under 30 years old; there is a need for stronger vocational 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. 6. The Report: Why Business Schools?• Business schools represent a highly skilled segment of the education sector. They can be the launching pads for social innovators with the right inputs. There are 99 higher institutions offering business education in Pakistan.• Prestigious universities (LUMS, IBA) can leverage global networks to build incubator hubs in Pakistan.• The provision of management, innovation and skills training is vital for the next generation of entrepreneurial businesses.• Alumni networks through business schools can continue to mentor young entrepreneurs through fellow and accelerator programs.• Case studies from other markets, such as India, can be used to assess replication in Pakistan (e.g. IIMA incubator hub in India). Page 6
  7. 7. The Report: Key Findings• Pakistan has a thriving entrepreneurial culture that can be harnessed effectively by business schools.• Fellows system and mentorship networks are key to capacity building and providing post-investment management assistance.• Grassroots activities now need to translate to the policy level (Social Innovation Coalition). Page 7
  8. 8. Insights & RecommendationsThe Incubator Model Campus area, Incubation centre f or Faculty-Student ratio computers, Bloomberg business start-ups: (indicator of quality and Reuters terminals, provide initial seed assurance) Library f unding Infrastructure Technical (initial Goverment grants and expertise f or business, donations sales, marketing etc.) Organisational Self generating f unds (management inputs plus Business Government (regular, executive relational support f or Funding courses, vocational etc human resources Support Education courses) development ) Inf rastructure (providing initial capital, land, Private investors equipment) Research and Development International publications Research grants Source: EPG Page 8
  9. 9. Insights & RecommendationsA Value Chain Analysis 6 6 5 5 Scale (1 is Bad, 5 is Excellent) Scale (1 is Bad, 5 is Excellent) 4 4 3 3 2 2 1 1 0 0 Faculty Students Faculty Faculty Education International International Industry Linkages Research Faculty Students Faculty Faculty Education International International Industry Linkages Research Development Development Renumeration and and Exposure Faculty Students Environement Development Development Renumeration and and Exposure Faculty Students Environement Program Program Awards Development Development Program Program Awards Development Development Program Program Program Program Harvard MIT CUNY Stanford Yale LUMS IBA SZABIST Bahria NUST Source: EPG Page 9
  10. 10. Insights & RecommendationsSocial Innovation Coalition• Stakeholder Dialogue: Various players involved in knowledge transfer around social entrepreneurship; unit maintained through a secretariat.• Social Investment Fund: Financial Stakeholder intermediary groups responsible for investment Dialogue allocation, sector due diligence and risk diversification. Social• Innovation Lab: Research unit where Innovation Lab Innovation Social Investment Coalition Fund technological advances are utilised in social enterprise scaling.• Cross-border Entrepreneurialism: Social Cross-border entre- innovation models, implemented in other preneurialism emerging economies, are replicated in Pakistan. Page 10
  11. 11. ConclusionsKey Takeaways:• Public and private investors can play an instrumental role in shaping the ecosystem and unlocking the full potential of Pakistan’s social entrepreneurs.• Raising both investor confidence and entrepreneurial confidence is critical to this process – 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. 12. THANK YOUPriya Shah, Consultant, Economic Policy Group