Co-creation Entrepreneurship partners in a sustainable business initiative Pedro Eikelenboom, Co-Creation, ICCO ANDE/ICCO meeting Amsterdam, May 30, 2011
Nov 22, 2014
Co-creation Entrepreneurship
partners in a sustainable business initiative
Pedro Eikelenboom, Co-Creation, ICCOANDE/ICCO meeting
Amsterdam, May 30, 2011
The Co-Creation approacha business strategy on poverty alleviation
Key Feature
An innovative model to support SME's in developing countries:
ICCO partners up with an entrepreneur, creating an economic (entrepreneur), social (ICCO) and sustainable (both) successful business.
The Co-Creation approachembrace a business strategy on poverty alleviation
● Desire to make a difference
● Ambitious and willing to take risks
● Enable collaborative creative engagement
● To have real “ownership” as a stakeholder
● Set the tone on innovation, sustainability and impact
● Model or project can be replicated in other regions
Make a difference in poverty alleviation through a joint mission and direct involvement in the project.
The Co-Creation deliverablesICCO challenges you
• Multi stakeholder approach
• ICCO guarantees social development outcomes
• Entrepreneur enables sustainable business
• Local counterpart commits to the participation and strengthening of the beneficiaries
• ICCO attracts and leverages the necessary investments from other parties.
The Co-Creation structure
The Co-Creation projectsAn overview of the current portfolio
The Co-Creation structuregeneral principles
● Identify background and landscape surrounding the business challenge
● Examine the scope of the project
● Ensure alignment of the points of view participating stakeholders
● Commitments are always a combination of grant and loan (with interest) and/or equity participation (shareholder)
● Grant and loan participation is on project by project basis
● Equity participation starts with a minimum of 100.000 EUR
● Minimum of 50% equity participation/loan and 50% grant
The Co-Creation structurefocus on equity participation
● Determine your objectives for the investment
● Incorporated in trust fund (portfolio), invested in current or new development projects
● A social return on investment
● Retractable after a minimum of 3 (fiscal) years
● ICCO monitors procedures and administrates trust fund
The Co-Creation structurereturn on investment
Your impact on poverty alleviationHow can you participate?
● Co-Investor = Co-Creator
● Shareholder (member to the board)
● Opportunity to visit project (site), meet and discuss results with stake holders and beneficiaries
● Portfolio updates (new opportunity)
● Updates through media outlets
● Co-Creator Ambassador