Micro-, small, and medium-size enterprises (MSMEs) are crucial to economies, accounting for two-thirds of business employment in advanced economies and nearly four-fifths in emerging ones. They contribute half of all economic value added and play a key role in preserving competitiveness in globalized economies. However, MSMEs' productivity is only half that of large companies, with a more significant gap in emerging markets. Closing this gap could add 5% to GDP in advanced economies and 10% in emerging ones. Strategies to boost MSME productivity require tailored approaches to specific subsectors and countries. Collaboration between MSMEs and large companies is a win-win strategy that often leads to mutual productivity gains, as seen in sectors like automotive and software development. All stakeholders must develop targeted strategies, enhancing infrastructure, policies, and networks to support both MSMEs and large enterprises.
On Wednesday the 12th, sessions delved into how fueling progress through collaboration and innovation is critical for issues such as nutrition, gender empowerment, and systemic change.
Momentous Announcement from the 2024 Global Conference: Next year's global convening will be held in Mexico, marking the third consecutive year in the Global South.
The Global Conference showcased inspiring stories of impact, from sustainable construction to refugee empowerment. The focus was on collaboration, data-driven solutions, and unlocking capital for entrepreneurs tackling global challenges.
Unlock Impact, a women-led social venture co-founded by Aditi Seshadri empowers purpose-driven organizations through storytelling and communications. Their Comms Ninja program fosters meaningful change while creating flexible work opportunities for women.
ANDE extends its deepest gratitude to the incredible partners helping make our 2024 Global Annual Conference a reality.
¿Cómo pueden los donantes ayudar y no obstaculizar a las organizaciones que ejecutan sus programas e iniciativas? Esta es una gran pregunta, y una que muchas organizaciones en ambos lados de la relación donante-beneficiario están explorando. Sin embargo, enfocarse en el crecimiento de las organizaciones que brindan el servicio desafía muchas prácticas arraigadas en el proceso de subvenciones. Este reporte, aquí resumido, responde a este tema mirando a una instancia específica de esta dinámica más amplia - cómo los donantes trabajan con las Organizaciones de Apoyo Empresarial (ESOs, por sus siglas en inglés). En los países de bajo y mediano ingreso, esta relación donante-ESO tiene significancia para el desarrollo de las PYMEs y el crecimiento económico.
The 6th edition of the Global Micro, Small, and Medium Enterprises (MSMEs) Report by the International Council for Small Business (ICSB) focuses on the transformative role of youth and women entrepreneurship in enhancing supply chains and driving sustainable development. Aligned with the United Nations' Sustainable Development Goals (SDGs), the report highlights the innovative spirit and resilience of young and women entrepreneurs in fostering inclusive growth and equitable opportunities. It emphasizes the concept of humane entrepreneurship, which goes beyond profit to prioritize empathy, ethical practices, and social impact. By exploring inspiring stories, research findings, and practical insights, the report calls for a people-centric approach that nurtures enterprises and champions sustainable practices. It aims to inspire entrepreneurs, policymakers, and stakeholders to support MSMEs in creating a more inclusive and sustainable future, where these enterprises can thrive and drive positive social and economic change.
The Impact Investors Council (IIC) aims to drive private capital towards market-based models for social impact in India. This report, "Year in Retrospect: India Impact Investing Trends," provides insights into 2023's investment landscape across key sectors such as agriculture, climate tech, healthcare, education, financial inclusion, and technology for development. In 2023, equity investments in Indian impact enterprises totaled $2.90 billion, down from $6 billion in 2022, reflecting a global venture capital slowdown rather than India's potential as an impact investment destination. With over 1.4 billion people, there is vast scope for innovative solutions in underserved sectors, especially with rising digital penetration in rural areas. This report highlights the opportunities for scaling impactful solutions that address critical development challenges in India and aims to guide asset owners, managers, and policymakers in understanding and engaging with India's impact investing market.