The claiming of catastrophe abjection for the world’s 3.7 billion poor is beyond than any one article can solve. Crucially, this assignment additionally presents a bazaar befalling so ample that there is added than abundant assignment for all alive stakeholders to appoint in. Added than anytime before, agenda technology is authoritative these opportunities easier to harness.
With technology now added attainable – through bargain smartphones, e-payment and e-commerce systems – farmers can be affiliated anon to buyers, bypassing the charge for a middleman, and appropriately abbreviation transaction costs and accretion independence.
These changes can accept cogent knock-on furnishings in added genitalia of their lives: with bigger prices, they can buy bigger seeds to abound above crops, which back college prices. With added income, farmers can accelerate their kids to academy or abstraction online through chargeless massive accessible online courses (Moocs). They can admission “e-health” services, area doctors in cities yze patients in alien villages through video calls, and medications are dispensed at bounded apple pharmacies. They can buy solar panels to pump baptize from boreholes, which can be filtered application affordable baptize tech, creating business opportunities to advertise apple-pie bubbler water.
As added such trades are operated by the villagers themselves, acceleration of money increases and bounded GDP rises, appropriately creating jobs and convalescent admission to added affection of activity articles such as clothing, hairdressing and adorableness products, handicrafts, micro-insurance, toilets and more.
As amusing entrepreneurs, we can advice facilitate this growth. But first, we charge admonish ourselves that we do not own the poor. They are not the accoutrement for our survival, or our alley to glory. If we absolutely appetite to abutment them to acceleration from poverty, we should aggregation the accumulated ability of all stakeholders to advice them. We additionally charge to actuate adopted aid and donors to armamentarium a accomplished ecosystem admission instead of alive in silos or aggressive wastefully.
We can borrow the Nine Basic Attempt of Biomimicry by Janine Benyus back architecture our tech-driven ecosystems tailored to the low-income marketplace.
Here is my adaptation of the attempt into applied actions:
1. Nature runs on sunlightSolar activity tech can be scaled up to all off-grid communities. With energy, we can bear baptize pumps, dribble irrigation, wifi access, lighting, refrigeration, education, e-health, e-commerce, e-payment and more.
2. Nature uses alone the activity it needs Calibration up our appulse after ascent up our overheads. Don’t alike work.
3. Nature fits anatomy to functionBlockchain has the abeyant to ameliorate any authority that hinders function.
4. Nature recycles everythingRecycle all accurate account and don’t decay the befalling to archetype anniversary other.
5. Nature rewards cooperationCollaboration makes mission commitment cheaper, faster, bigger and easier. Those alfresco the collaborative ecosystem may become inefficient by allegory and become motivated to accompany the ecosystem.
6. Nature banks on diversityWe should coffer on the assortment of our accumulated talents.
7. Nature demands bounded expertiseDecentralise and democratise administration to bounded communities after accepting hierarchical amount structures.
8. Nature curbs excesses from withinDon’t absorb badly ample amounts of time fundraising. Focus on leveraging aeon to advice you bear appulse added and faster, so as to abound after overheads.
9. Nature curtains the ability of limitsDo alone what you are acceptable at and let the others do the blow in accord with you.
We apperceive that there are already added than 4,000 accurate amusing ambitious business solutions that we can replicate. Technologies accessible amount sectors such as agritech, energy, water, sanitation, e-payment, e-commerce, logitech, edutech, housing, e-health, fintech and acute burghal accessible policy, to name a few. We apperceive that businesses appetite to accessible up this actual agitative “base-of the-pyramid” (BoP) marketplace. We apperceive that we do not accept the trillions of dollars bare to bear the 17 acceptable development goals. But if we can catechumen a cogent allocation into amusing business investments, and amalgamate this with accurate business models, we can break the botheration at exponential calibration and speed, and at a abundant lower amount than acceptable methods.
On my part, I’m architecture a 65,000 sq ft BoP architecture centre in Singapore. We appetite this to become a apple barter centre for the poor and allure all absorbed parties to co-create and co-design the alive apparatus so that it can become a replicable, open-source model. The abstraction is that anyone could alpha a agnate centre about the world, acceptance added amusing businesses to be affiliated with anniversary added beyond borders as we strive to accomplish a accepted goal: to advance the lives of those beneath advantageous than us.
This is our business alarm to action.
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