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NextBillion (English)
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Development through enterprise.
Development through enterprise.

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The Challenge of Keeping it Simple: India’s best start-ups focus on solving real customer problems

Too often, start-ups serving the BoP try to do too much, says Vikas Raj of Accion Venture Lab. Though there's nothing wrong with wanting to change the world, in varied and complicated settings like India, no individual outfit can solve every problem. Instead, effective startups take local realities into account, focus on a basic customer pain point, and then work from there.

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In an ongoing series, Intellecap has explored the Africa-India Innovation Transfer and shared insights on the startup ecosystem from expanding Sankalp Forum into Africa. In our third article in this series, they're profiling six pioneering organizations that will expand across the regions in the near future. 

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According to Milford Batemen Microcredit was devised as a free market solution that would enable the global poor to escape their own poverty by starting an income-generating activity. But Milford Bateman argues that due to deregulation, commercialization - and fundamental flaws in the model - microcredit has instead undermined developing economies and trapped the poor in a cycle of debt.

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Traditional interventions to reduce poverty during early childhood are not enough. Given the magnitude of the challenge and the limitations of existing approaches, BoP enterprises have the potential to positively affect early childhood development. However, our understanding of the impact BoP ventures actually have on the lives of children remains vague, and ultimately limits their ability to improve the lives of at-risk children. 

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Have a question for Paul Polak on his book "A Business Solution to Poverty" ? Great! Let us know by commenting on this post. You have just one week.

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Friction and Flow: How innovation can put relevance back into formal savings

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We're hosting a Hangout and we need your questions ... 

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Bank vs. Telco: The simmering mobile money standoff
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