2. 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 markets, a greater emphasis on market solutions and private sector development in the non-profit and public aid communities, and more multinational corporations designing products and services for the enterprising poor.
Our work will boost awareness in the public and private sector on "bottom of the pyramid" ecosystems, business models, and market opportunities, as well as 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.