"This report, "Growing Impact" follows IFC’s first assessment of the global market for impact investing and investor practices, "Creating Impact", published in April 2019. In this new report we explore more deeply the size and makeup of the impact investing market and analyze the practices of impact investors, drawing on data from a survey of the signatories to the Operating Principles and a set of 32 signatory case studies. The case studies illustrate how we are creating a powerful market force by embracing a shared vision and approach."

"A common concern with efforts to directly help some small businesses to grow is that their growth comes at the expense of their unassisted competitors. This study tests this possibility using a two-stage randomized experiment in Kenya. The experiment randomizes business training at the market level, and then within markets to selected businesses. Three years after training, the treated businesses are selling more, earn higher profits, and their owners have higher well-being.
There is no evidence of negative spillovers on the competing businesses, and the markets as a whole appear to have grown in terms of number of customers and sales volumes. This market growth appears to come from enhanced customer service and new product introduction, generating more customers and more sales from existing customers. As a result, business growth in underdeveloped markets is possible without taking sales away from non-treated businesses."

"In developing this paper, we conducted almost sixty interviews with thought leaders and active practitioners from a variety of organizations: investors, capacity development providers, corporations, researchers, network leaders, development finance institutions. In addition, we canvassed the growing body of literature in the field and leveraged our own experience in the sector.

Throughout the paper, and in a dedicated section at the end, we identify a number of prime areas that represent opportunities for the sector. While these are important opportunities, our list is not exhaustive. Indeed, this sector is still quite young – opportunity abounds for those interested in supporting SGBs in the challenging context of developing world markets."

"The literature review provided in this document attempts to provide an overview of what we know about the impact of growth entrepreneurship, why and how high growth firms emerge, and the policy instruments that enable new ventures to emerge and grow. This literature review constitutes a background paper to be used as an input to formulate research questions and the research design for the upcoming study on growth entrepreneurship."

"This guide leads the reader through the process of observing, analysing and visualising the entrepreneurial ecosystem - meaning the entrepreneurs' environment including the surrounding institutions, actors and prevailing culture - a process referred to as 'mapping'. Such mapping enables the exploration of gaps and constraints and facilitates decisions on measures that are most relevant to improve the entrepreneurial environment in a given context.

This guide explicitly addresses those implementing development programmes that are operating in, or intend to conduct activities in, the field of entrepreneurship and the promotion of growth-oriented MSMEs."

"The guide provides investors with a basic overview of social metrics for impact investing, an outline of the issues and challenges of social impact measurement, a summary of existing social impact measurement tools and a description of how they are being used, and a set of diagnostic tools to help investors think through key questions and issues related to measurement."

"Small and medium-sized enterprises make up a large part of Sri Lanka's economy, with over one million SMEs accounting for approximately 75 percent of all businesses. These are found in all sectors of the economy and are estimated to contribute about 45 percent of total employment in Sri Lanka. Women's ownership of formal small and medium-sized enterprises is low, at around 25 percent of all SMEs, and most women business-owners struggle to transition away from informal micro-scale businesses, in part due to limited access to finance and lower business capacity of women entrepreneurs. This report presents a snapshot of the impacts of the COVID-19 pandemic on small and medium-sized enterprises (SME) across Sri Lanka, with a focus on the different impacts experienced by women-owned and managed businesses (WSME), as compared to those owned by men (MSME) and those owned jointly by a woman and a man (JSME)."

"Low female labor market participation is a problem many developed countries have to face. Beside activating inactive women, one possible solution is to support the re-integration of unemployed women. Due to female-specific labor market constraints (preferences for flexible working hours, discrimination), this is a difficult task, and the question arises whether active labor market policies (ALMP) are an appropriate tool to help. It has been shown that the effectiveness of traditional ALMPs – which focus on the integration in dependent (potentially inflexible) employment-is positive but limited. Starting their own business might give women more independence and flexibility to reconcile work and family and increase labor market participation. Based on long-term informative data, we find that start-up programs persistently integrate former unemployed women into the labor market, and the impact on fertility is less detrimental than for traditional ALMP programs."

"After hearing of the success of Fundación Chile, the governor of the Mexican state of Jalisco sought to recreate the foundation locally. The result is Fundación Jalisco, which seeks to import successful business models to small farmers in Jalisco. For its first project, the Fundación imported high-yield blueberry plants from the United States, started a nursery, and gave the plants to local farmers who were capable of growing them successfully. The farmers deliver their berry harvest to the foundation, which packages and sells it throughout Mexico and overseas in the United States and the United Kingdom. The venture has been highly profitable for all concerned, and the foundation is now seeking to diversify into value-added products such as olive oil and cheese. The foundation relies on a combination of state funding and private investment."

"This paper analyzes the kind of knowledge that facilitates hatching and leveraging of technologies through the incubation process. Four corporate incubator types can be distinguished according to their source and type of technology: fast-profit incubators, market incubators, leveraging incubators, and in-sourcing incubators. Applying the knowledge-based view of the firm, four modes of mainly tacit knowledge were identified in respect to the different incubator types: (1) entrepreneurial knowledge, (2) organizational knowledge, (3) technological knowledge, and (4) complementary market knowledge. Knowledge strategies include both the leveraging of internal knowledge as well as the in-sourcing of external knowledge for the firm through the corporate incubator. The research is based on an analysis of a European Commission dataset from a benchmarking survey of 77 incubators as well as 52 interviews in 25 large technology-driven corporations in Europe and the United States."