15. What impact do you think Sanghata Institute and the Frontier Market Scouts Program will have?
We believe our approach will reduce poverty by accelerating wealth creation through more entrepreneurial ventures or investment funds aimed at serving capital-weak market; a greater emphasis on market solutions and private sector development in the non-profit and public aid communities; more multinational corporations designing products and services for the enterprising poor; more interest by the engineering and research communities in the design of cheap, high-impact technologies for "bottom of the pyramid" markets; more attention and interest paid by local governments to small businesses and grassroots entrepreneurs as engines of growth, resulting in more financial and regulatory incentives, as well as more investment in relevant public infrastructure and more awareness of market challenges and opportunities at the "bottom of the pyramid" in the worldwide business community.
Our work will boost awareness in the public and private sector on "bottom of the pyramid" ecosystems, business models, and market opportunities, and will help governments and nonprofits understand how market solutions can accelerate wealth creation in poverty stricken regions of the world. Poverty alleviation will become a business development task shared across an ecosystem made of public institutions, nonprofits, large private sector firms and local grassroots entrepreneurs.