Resource Type
Research

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"This report is arranged into two sections. In Part One, the editors overview trends in impact investing among INGOs, drawing on data from a recent survey of 45 INGOs engaged in impact investing. Part Two, a series of chapters, authored by leaders in impact investing, delves into key topics of interest for INGOs. These chapters look more deeply at specific assets INGOs bring to the space, challenges they face, and lessons they have learned over the past few years of engagement. Throughout the report, case studies of what INGOs are doing in impact investing brings the data and lessons to life through real life examples."

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"Let’s be honest here: Entrepreneurs will need financing to get through this economic downturn. However, most of the investors that we’ve asked said that due diligence has been slowed either due to travel restrictions, their focus on supporting their existing portfolio of entrepreneurs, or those which already had term sheets in place. So where is this financing going to come from?

Our perspective for this article is the investor side of the conversation. What are angel investors thinking about during this global crisis: Is now the perfect opportunity to invest? Is it a time to hold on to your cash and hide it under the bed?It can make sense to halt making any investments all together – and focus on supporting the existing portfolio – given that most angels invest out of pocket. However, this could be an uncommon opportunity to make investments which could generate very good returns..."

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"This research was commissioned as a result of growing interest in the topic of youth-centred Agripreneurship and had the objective to identify the key actors particularly within Academia, Non-Government Organisations and the non-profit sector to help young unemployed, or underemployed, graduates in Africa, or other developing economies, to enter into entrepreneurship in agriculture or agribusiness."

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"The purpose of this paper is to estimate the impact of one productive development program (PROPYME) in a developing nation like Costa Rica. This program seeks to increase the capacity of small and medium-sized firms (SMEs) to innovate. Impacts have been estimated assuming that beneficiary firms are trying to maximize their profits and that PROPYME aims to increase these firms productivity. The impacts were measured in terms of three result variables real average wages employment demand and the probability of exporting. A combination of fixed effects and propensity score matching techniques was used in estimations to correct for any selection bias. The authors worked with panel data companies treated and untreated for the period 2001-2011. PROPYME's beneficiaries performed better than other firms in terms of labor demand and their probability of exporting. In addition, the dose and the duration of the effects of the treatment (timing effects) are important."

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"The CE concept is fast becoming a new model for resilient growth in both developed and developing economies. In particular, it offers a viable alternative strategy for industrial development and job creation compared with the traditional manufacturing-led growth pathway for developing countries. Political and economic conditions in developing countries will necessitate different pathways to the CE from those employed to date in developed countries, but the CE opens up many new economic opportunities which developing countries are well positioned to harness.

Below we outline a series of priority steps through which national policymakers, international policy and financial institutions, and the ecosystem of stakeholders supporting the UN’s 2030 Agenda can support the deployment and scaling up of the CE in developing countries."

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"This report assesses the progress made over the past four years in building the global impact investing industry. It is divided into three parts: first, context, which introduces the structure of and key actors in the impact investing fi eld; next, an examination of the recent achievements and challenges in building the impact investing marketplace; and fi nally, presentation of a set of recommendations for accelerating the rate of growth of the field."

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"This report provides accelerators, researchers, and funders with a qualitative understanding of "what works" and "what is promising" in accelerating impact enterprises. It highlights the key challenges that must be addressed by all stakeholders in order for the field to continue to grow."

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"Combining longitudinal venture-level data with qualitative insights from entrepreneurs, program managers, and investors, this report investigates similarities and differences between accelerator programs run in emerging markets compared to those run in high-income countries. Overall, we find that the two country contexts may not be as different as many people believe. When trying to stimulate the growth of promising ventures, the emerging market accelerator programs in our sample attract similar entrepreneurs and ventures and produce similar outcomes – accelerated revenue and employee growth and accelerated equity and debt investments. However, there are a few subtle but important differences."

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"We examine and discuss the seed accelerator phenomenon which has recently received much attention both in the US and across the globe. While accelerators appear to be proliferating quickly, little is known regarding the value of these programs; how to define accelerator programs; the differences between accelerators, incubators, angel investors and co-working environments; and the importance of the various aspects of these programs to the ultimate success of their graduates, the local entrepreneurship ecosystems and the broader U.S. economy."

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"The third major report from GALI examines the ability of accelerators to drive funds into participating ventures and explores which programmatic choices correspond with superior outcomes. The report shows that in a sample of 52 accelerators, the average flow of incremental funds into participating ventures is significantly greater than the average that flows into rejected ventures. In the majority (but not all) of these programs, this difference exceeds the reported cost of running the program. These superior funding outcomes are accomplished in different ways; many programs are most effective at stimulating revenue growth, while others are best at increasing the supply of outside equity investment. Given these differences in program efficacy and different paths to funding success, we then examine how specific program choices correspond with the ability to drive funds into participating ventures."

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