Agora's Accelerator Program


Published on

Published in: Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide
  • Change 10 finalists to 10 Agora Entrepreneurs -- these pie charts are not as helpful as just a list of the companies and their industries
  • Can we get a picture of the actual houses???
  • Can we get a picture of the actual houses???
  • Agora's Accelerator Program

    1. 1. The Agora Accelerator<br />Unleashing the potential of small business impact entrepreneurs<br />
    2. 2. Outline<br />The Problem: Poverty, Inequality & Lack of Opportunity<br />Agora Partnerships: Mission & Overview<br />Our Strategy: The Agora Accelerator<br />Meet Our Entrepreneurs<br />
    3. 3. Diagnosing the Problem<br />
    4. 4. Poverty and Inequality<br />Central America is one of the poorest and most unequal regions in the world<br />
    5. 5. Lack of Opportunity<br />Jobs are scarce because small and growing businesses are under-represented <br /><ul><li>In high-income countries they represent ~60% employment
    6. 6. They make up less than 20% employment in low-income countries
    7. 7. Opportunity for sustainable growth and social change is not being realized</li></li></ul><li>Scarcity of Capital<br />In poor countries, small and growing businesses fall into a development blind spot:<br /><ul><li>Too big to receive microcredit
    8. 8. Too small for a commercial bank loan</li></ul>The best entrepreneurs are having difficulty finding the global support and investment they need<br />
    9. 9. Jammed Market Gears<br />High transaction costs <br />Lack of deal flow for investors<br />Lack of social and human capital <br />Opportunity is being squandered<br />
    10. 10. Agora Partnerships: An Overview<br />
    11. 11. About Agora<br />Agora Partnerships is a global community of individuals helping small and growing businesses fight poverty in Central America<br /> The Agora Accelerator finds the highest potential impact entrepreneurs with revenue under $1 million who use their business to address social and environmental problems<br /> Impact entrepreneurs incorporate multiple stakeholders, and help us usher in an era of sustainable capitalism. <br />
    12. 12. Track Record<br />Advised up to 400 entrepreneurs on business strategy and trained over 3,500 entrepreneurs<br />Over 1,000 full-time, documented jobs have been created and sustained as a result of in-depth business advice<br />Agora-supported companies grew employment over 60%; total wages and benefits increased by over 90%<br />Launched the first micro venture-capital fund in Central America, investing $500,000 in 11 companies and attracting another $2 million from local investors <br />
    13. 13. Key Lessons Learned<br />Focus on quality<br />Build a community and vocabulary for impact<br />Invest more capital into sustainable, high growth entrepreneurial ventures in the world’s poorest places<br />
    14. 14. The Agora Accelerator<br />
    15. 15. Overview: Agora Accelerator<br />A leadership and business-development program to help drive human, social, and financial capital into the most promising small business impact entrepreneurs in Central America<br />
    16. 16. Eligibility<br />Small and Growing Businesses with revenue between $50K and $1 million<br />Must be led by an impact entrepreneur<br />Must be able to articulate social impact<br />Must be seeking capital to grow<br />
    17. 17. Criteria<br />Select the top 10 impact entrepreneurs with the highest potential each year<br />Criteria:<br />Entrepreneur Quality<br />Business Case<br />Social Impact<br />
    18. 18. Goals<br />The Accelerator aims to:<br />Create a global network of support for impact entrepreneurs<br />Generate investment-grade deal flow for impact investors<br />Build a culture around innovation and sustainable entrepreneurship throughout Central America<br />
    19. 19. Empowering the Next Generation<br />Human Capital<br /><ul><li>Baseline Assessment
    20. 20. Strategy Calls
    21. 21. Leadership Seminars
    22. 22. One-on-One Mentoring
    23. 23. MBA Consulting</li></ul>Social Capital<br /><ul><li>Entrepreneur Retreat
    24. 24. Agora Virtual Community</li></ul>Financial Capital<br /><ul><li>Investor Gathering
    25. 25. Pitchbook Presentations
    26. 26. GIIRS Sustainability Rating</li></li></ul><li>Sustainability<br />Participation fee<br />Investment closing fees <br />Equity participation<br />Marketplace membership and sponsorship<br />
    27. 27. Target Impact<br />Over the next 3 years, companies in the Accelerator seeks to:<br /><ul><li>Generate over 1,000 formal economy jobs
    28. 28. Build more than 3,500 affordable bamboo and cement houses in rural Nicaragua and Haiti
    29. 29. Supply solar-powered electricity to more than 40,000 low-income houses
    30. 30. Attract over $20 million in impact investments into sustainable small businesses the region</li></li></ul><li>Partners<br />Sourcing<br />Operating<br />Investing<br />
    31. 31. Agora Entrepreneurs<br />
    32. 32. Inaugural Class <br />
    33. 33. Aida Mayorga<br />Company Name<br />Oscarito’s<br />Location<br />Nicaragua<br />Description<br />Designs and manufactures children clothing materials<br />Expected Social Impact (3 yrs) <br />- 50 new jobs for single mothers<br />- Community leadership events<br />Capital Requirements (6-18 months)<br />$125,000<br />
    34. 34. Manuel Aguilar<br />Company Name<br />Quetsol<br />Location<br />Guatemala<br />Description<br />Low-cost solar energy solutions<br />Expected Social Impact (3 yrs)<br />- Solar power 40,000 low-income houses<br />- Hire 20 new employees<br />Capital Requirements (6-18 months)<br />$300,000<br />
    35. 35. Will & Chris Haughey<br />Company Name<br />Tegu<br />Location<br />Honduras<br />Description<br />Manufactures and distributes playful magnetic wooden blocks for children<br />Expected Social Impact (3 yrs)<br />- Foster creative thinking in over 10,000 Honduran children<br />- Align with 10 more FSC-certified woodcutting cooperatives<br />- High-skilled training for 100% of employees<br />Capital Requirements (6-18 months)<br />$500,000 - $1M<br />
    36. 36. Ben Sandzer-Bell<br />Company Name<br />CO2 Bambu<br />Location<br />Nicaragua<br />Description<br />Designs, manufactures, and field assembles pre-fabricated ecological structures for low-income homes and community shelters<br />Expected Social Impact (3 yrs)<br />- Build over 1,000 affordable homes<br />- Grow employee base from 60 to 200<br />- Plant over 60,000 bamboo trees<br />Capital Requirements (6 – 18 months)<br />$650,000<br />
    37. 37. Vielen Dank<br />We align ourselves with entrepreneurs in poor countries who are working to make the world a better place through business.<br />Join us to help bring about a more just, prosperous, and environmentally sustainable world. <br />Gracias!<br />BMW Young Leaders at Agora’s 5th Anniversary Reception, New York City<br />