1. What does a Frontier Market Scout do?
A Frontier Market Scout fellow, working with an investment or development organization, immerses her/himself in a low-income community for three to twelve months and strives to discover and develop projects that can attract social and commercial investments.
S/he does so by fulfilling certain responsibilities that include
- Discovering the best practices of enterprising local people
- Organizing locals to brainstorm ways of scaling up their business practices
- Instilling entrepreneurial desire and discovering local business-minded people
- Assisting enterprising people to develop business plans
- Enabling enterprising people to obtain investment and structure business
- Sharing knowledge with fellows all over the world.
Frontier Market Scouts fellows ultimately contribute to poverty alleviation and wealth creation through entrepreneurship and enterprise development in low-income areas of the world.