Multi-Stakeholder Partnerships

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En provenance du cours de University of Cape Town

Innovative Finance: Hacking finance to change the world

17 notes

University of Cape Town

Innovative Finance: Hacking finance to change the world

17 notes

To address global poverty - do we really not have enough resources or do we not have the right tools to allocate our resources? The tools of finance, when applied correctly, can be an enabler of social and environmental outcomes. This course is designed to give you the ability to build innovative financing strategies that work towards outcomes such as financial inclusion, access to energy and access to education. The innovative finance process has five key components. It starts with identifying the outcomes you are looking to achieve and next moves on to due diligencing your issue area using techniques like design thinking to make sure you are designing with the end user. Next you must map all of the resources available for your outcome and then discover opportunities to augment these through business model innovation, multi-stakeholder partnerships and innovative financial structures. Finally, the last step is to put all of these pieces together to design an innovating financing strategy. Each week dives into a component of the process using examples and real case studies from social entrepreneurs, non-profits, development funders, impact investors, governments, foundations and more. Over five weeks you’ll learn about new types of revenue creation, financing approaches, business models and partnerships. By the end of the course, you’ll have the ability to hack finance for social change. Watch the course trailer https://www.youtube.com/watch?v=tSMUoCJgqkw

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Discovering Opportunities

So now that you’ve had engaged with resources, let’s consider the opportunities and risks that you may face when dealing with your issue area. First, you’ll learn how to look for specific types of opportunities outside of your issue area. We’ll draw on the best practices of other sectors or geographies to create new approaches to achieving your outcomes. We’ll then dive into the darker side - the risks that you’ll need to understand and address with your innovative financing strategy. For your assignment, you’ll need to identify the risks and opportunities associated with your issue area.

Week 4 Introduction1:05

Multi-Stakeholder Partnerships4:31

Business Model Innovation6:39

Rencontrer les enseignants

Aunnie Patton Power
Innovative Finance Lead
Bertha Centre for Social Innovation and Entrepreneurship
Tsakane Ngoepe
Investment Analyst
AHL Venture Partners

So far, we've asked you to be as embedded in your issue area as possible.

Now, I am going to ask you to step outside your issue area and explore

examples of innovative approaches and partnerships from other sectors.

First up, you're going to need to look around outside of

your issue area and identify successful multi-stakeholder partnerships.

A multi-stakeholder partnership is just that,

a partnership with many different stakeholders.

Let's take a look at some examples.

Gavi is an example of a successful multi-stakeholder partnership.

Gavi was founded in 2000 to bring together

public and private sectors with a shared goal of

creating equal access to

new and underused vaccines for children living in the world's poorest countries.

The impetus for Gavi was the stagnation and in

some places the decline of global vaccination rates in the 1990s.

With the founding grant from the Bill and Melinda Gates foundation,

Gavi was formed as an alliance to bring together UN agencies, governments,

the vaccine industry, private sector,

and civil society in order to improve

childhood immunization coverage in

poor countries and to accelerate access to new vaccines.

The model was designed to leverage not just financial resources but expertise too,

to help make vaccines more affordable and more available.

Sustainability was also a central point of the design.

The grant funding was purposely designed to create an environment where in time,

developing countries could pay for vaccinations.

Gavi has two components,

a partnership model and a business model.

Its partnership model relies on coordination to maximize

existing systems and collaboration to

draw on partners' specialist knowledge to find new solutions.

Gavi's business model pools country demand and guarantees

long term predictable funding to bring down prices of vaccinations.

It is a 21st century development model and so far, it has worked.

It is estimated that by 2015,

500 million additional children have been reached through the alliance

and more than 7 million deaths have been prevented in the process.

Another interesting example of

a multi-stakeholder partnership is a business model and evolution of Acre Africa,

a micro insurance product designer,

focused on a smallholder farmers of East Africa.

Kenyan farmers frequently experience failed

germination of seeds due to unpredictable weather.

If seeds do not germinate,

farmers will not have anything to harvest when their crop comes.

Acre developed a mobile,

Index-Based Insurance product, called the replanting guarantee.

Index-Based Insurance is a relatively new but innovative approach to

insurance provision which pays out benefits on the basis of a predetermined index,

such as rainfall levels.

How does this work?

If a maize farmer bought seeds at the beginning of the crop season, planted them,

and germination failed due to the lack of rainfall,

the farmer gets a payout equal to the price of a bag of seed,

so that he can replant.

Now, agricultural micro insurance is a hard sell in

Kenya due to low customer awareness, affordability,

and the lack of an immediate benefit, especially,

when you think about the amount of resources that farmers have at their disposal.

So instead of selling insurance directly to farmers,

Acre built an insurance proposition for

the seed companies who want to build customer loyalty around their brand.

In Acre's model, seed companies pay money to

an insurance company which insures each bag of seed.

The seed bag includes a registration card which

the farmers use to register for cover via mobile phone.

When the farmer registers,

the insurance provider gets

the farmer's location and monitors satellite imagery for that location.

If that location does not receive adequate rainfall,

compensation is sent to the farmer via the mobile phone.

Now, that's a lot of innovation in one product.

By partnering with the mobile network operator,

Safaricom, several insurance providers,

and selling insurance to seed companies,

the company achieves its ultimate goal of protecting

the livelihoods of smallholder farmers throughout East Africa.

Identifying successful partnership models is an excellent way to get ideas for

how you can put together the different funders that

you've identified in your resource mapping.

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