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Penn Wharton I4A Student Initiative: Info Session
- 1. INFORMATION SESSION Co-Chairs: Bryn Ferguson and Marie-Louise Wiegert
- 2. The countdown has begun to September’s summit on the Sustainable Development Goals, with national governments discussing 17 goals that could transform the world by 2030.
- 3. Ideas for Action is a Knowledge Platform I4A is a platform connecting individuals all around the world who have valuable thoughts and ideas about the SDGs, the Post-2015 Development Agenda, and other topics related to the future development of our world. The competition acts as a catalyst to spark global conversation among young people all around the world and seeks to encourage youths to contribute their own voice to the conversation.
- 4. The Best Proposals 2015: Six Ideas from Young Leaders for Financing Development • First Place: Creating New Microinsurance Products for Remittance Service Providers in India • Second Place: Innovative PPP Model for Promoting Financial Deepening and Inclusion in the Rice Value Chain in Nigeria • Third Place: Decreasing Poverty in the Mining Communities of the World through the Empowerment of Communities in the Control of Mining Royalties: An Application to the Peruvian Case • Runner-up: An Initiative to Enhance and Transform the Philippine Nonprofit Sector • Runner-up: Development Impact Bonds: The Power of Participatory Development in Creating Sustainable Market Demand: A Case Study of Open Fires and Inefficient Cookstoves • Runner-up: Introducing Internet-Based Funding Mechanisms for World Bank Operations
- 5. Penn Wharton Ideas for Action Student Initiative Global Classroom An online platform that will allow prospective participants to: • Research topics such as the SDGs and development financing strategies • Review previous proposals • Become part of a global community of young people invested in international development Project Incubator Marketing & Social Media Our Goal: To accompany participants along their entire I4A journey, from inception to implementation. Student groups will support select I4A teams in implementing their ideas. Potential projects can include: • Business plan writing, investor outreach, marketing, programming, technology solutions, etc. Support of the I4A website, blog, and social media platforms to build a powerful web presence and establish I4A as a global thought leader: • Tech design, studying international news related to international development, social media post creation, blog writing, photography
- 6. 1. Global Classroom • Goal: To design and deliver an innovative and collaborative learning experience in preparation for the next Ideas for Action competition. • Project scope: – Build an online learning and exchange platform – Assemble content modules and promote meaningful discourse around these topics – Manage video conferences with speakers, break-out sessions, etc. – Establish partnerships with universities and business schools around the world to encourage the formation of both global and regional communities • Skills required: – Passion for international development – Creativity and an instinct for engaging and inspiring an audience – Programming experience is a big plus
- 7. 2. Project Incubator • Goal: To maximize the full potential of Ideas for Action by supporting leading teams in putting their ideas into practice. • Project scope: – Tailored to the individual needs of the I4A teams – Business plan and proposal writing, outreach to potential partners and investors, marketing, programming, technology solutions, etc. • Skills required: – Entrepreneurial attitude and resourcefulness – Excellent problem-solving skills – Consulting or social entrepreneurship experience is a plus
- 8. 3. Outreach & Social Media Goal: Support the I4A website, blog, and social media platforms to build a powerful web presence and establish I4A as a global thought leader. • Project scope: – Update the I4A website and blog – Update the Facebook page and Twitter page daily – Establish new methods of advertising – Reach out to corporate sponsers • Skills required: – Entrepreneurial attitude and resourcefulness – Creative thinking – Previous experience in social media, marketing, blog writing is a bonus
- 9. Open Leadership Positions • Global Classroom Leader: 2-3 members • Incubator: Project Leaders: up to 10 members • Social Media and Marketing: 1 member • Board positions: – VP of Finance – VP of Communications – VP of Partnerships
- 10. Top 5 Reasons Why YOU Should Join NETWORK Collaboration with the World Bank and our corporate partners provides outstanding opportunities for learning and networking LEARN Get involved with cutting-edge development ideas devised by our generation and develop profound knowledge in international development UNLEASH INNOVATION Gain first-hand social entrepreneurship experience and help make a real difference in the world BUILD YOUR CAREER High-profile initiative of immense value for your professional career HAVE FUN Become part of an amazing group of people committed to the same issues 1 2 3 4 5
- 11. Application Process • Fill out the application form by September 8th • Interviews : September 12th / 13th • Final decisions will be released on September 14th • First GBM: TBA
Editor's Notes
- Hello everyone, thank you all for coming out this evening. I want to welcome you all to our first info session for the brand-new Penn Wharton I4A Student Initiative. A special welcome also to Professor Petkoski, who created the I4A Competition and who makes all this possible. My name is Marie-Louise Wiegert and I am a junior in Wharton, concentrating in Finance and Statistics with a minor in Psychology. I personally have been interested in social impact and international development for a long time. For instance, I took a gap year to volunteer in S.A. and worked with Penn Microfinance and PIBV. I became involved with I4A because I found that a lot the projects I did for other clubs have a very limited impact. With I4A we have an opportunity to really make a difference on a global level. And this is Bryn … Together over the summer, the two of us decided to create this new student organization, which will essentially have the purpose to help expand the scope and scale of the Ideas for Action, short I4A, competition. I4A is an annual competition where young people from all around the world submit ideas for how the post-2015 development agenda can be implemented. It was founded in collaboration between Wharton and the World Bank with the purpose to get young people, hence our generation, more involved with the international development agenda.
- Marie: The SDGs are a new, universal set of goals, targets, and indicators that UN member states will be expected to use to frame their agendas and political policies over the next 15 years They follow and expand on the MDGs, which were agreed upon by governments in 2000 and are due to expire by the end of this year There is broad agreement that while the MDGs provided a focal point for governments on which to hinge their policies and overseas aid programs to end poverty and improve the lives of poor people – as well as provide a rallying point for NGOs to hold them to account – they have been criticized for being too narrow. They failed to consider the root causes of poverty or gender inequality, or the holistic nature of development. Around 1 billion people still live on less than $1.25 a day – the WB measure on extreme poverty and more than 800 million do not have enough food to eat. Women are still fighting hard for their rights, and millions of women still die in childbirth. SDGs: 17 goals have been proposed. Within these goals, there are 169 targets Proposed targets under goal 1, for example, include reducing at least half the number of people living in poverty by 2030, and eradicating extreme poverty. Goals were determined by an open working group with representatives from 70 countries. The SDGs in their final form will be agreed to by all governments at a special summit this September. Youth engagement throughout the design and implementation process is critical for success. Therefore, the I4A competition engages young people around the world to encourage them to develop and share their ideas for financing solutions to deliver the post-2015 development agenda. How will the goals be funded? That’s the trillion-dollar question. To realize this vision, a just-as-ambitious plan for financing and implementation is needed. Public finance, public-private partnerships, and aid will be central to support the implementation of the ambitious SDGs. Developing new ideas for financing the SDGs is therefore a focal point in the I4A competition.
- Therefore, I4A competition encourages youth around the world to develop and share their ideas for financing solutions to deliver the post-2015 development agenda. The first round took place this year and was already hugely successful. Over 1300 students and young professionals from 130 countries participated and submitted over 330 proposals. We were already able to get a number of really amazing corporate partners on board, such as PepsiCo, Citibank, and Firmenich. As mentioned before, Professor Petkoski co-founded this competition. In addition to teaching at the Lgst department, he has held various senior positions at the WB and works today as a consultant and advisor to the WB. Before going into the details of our work, I would now like to hand it over to Professor Petkoski so that he can tell you a little about his experience and vision in creating this initiative.
- Bryn: The top six proposals were selected through a rigorous and multi-layered selection process. Senior management from the World Bank Group and Wharton, as well as private sector executives from Citibank, PepsiCo, G-24 Secretariat, and Firmenich USA, participated in the final review panel. Overview of Pennsurance proposal
- A main objective of the I4A student club will be to expand the competition both before and after the actual proposal submission. Goal: Accompany participants along their entire I4A journey – from inception to implementation, from developing an idea to putting it into practice. Our club will help Wharton and the World Bank to capture the entire process. Global Classroom: will provide prospective participants with an opportunity to do research, to collaborate in developing their own ideas, and to form a global community of young people invested in international development work. Project Incubator: will be a follow-up step after the actual competition to support teams in implementing their ideas. The objective is to maximize the potential value inherent in all the great proposals. Beyond the three winning ideas, there is a lot of potential in many of the runner-up ideas and we want to help capture as much of this as possible. Whereas the Global Classroom is more general and theoretical, the incubator will provide more focused support. Marketing and Social Media
- - Provide I4A teams with hands-on support to help them put their ideas into practice.
- - Create an app? See “Ublend”
- Incubator: Project Leaders We need one person heading each team. Your responsibilities will include communicating directly with our I4A partner teams, determining the details of your project, setting deadlines, etc. VP of Communications: Newsletter, FB and LinkedIn
- We want to stress that this initiative should not be another line to fill your resume. Rather, it represents an amazing opportunity work on projects with real, highly scalable global impact which have the potential to change the face of international development. Therefore, we are looking for people who are truly committed to our purpose and who want to join us in helping our generation make its own voice heard in the discourse about international development. Potential expansions Creation of branches Partnering with the IFC