Spurring the Entrepreneurship Economy;
Through a Glocal Ecosystem
Emerging Markets of South and SE Asia and Africa will have over 2.5 billion low-income ‘neo-consumers’ by 2025; they will represent $1 trillion in aggregate consumption, creating a huge potential for enterprise-led interventions to serve their needs. With the Millennium Development Goals set to come to a close in 2015, and with the rise of the new Sustainable Development Goals, the creation of affordable, environment friendly and high quality services for these ‘neo-consumers’ will be critical to reducing vulnerabilities and increasing livelihood opportunities.
Africa is the hotbed of entrepreneurship and innovation, and with increased connectivity, some predict that Africa’s growth in GDP will rise from 1.1% in 2013 to 6% by 2025. Recognizing this potential, the hope is that rising investments in entrepreneurship, ecosystem creation and market building will help to boost enterprise activity, and incubate the kind of startups that will go on to become the next mPesa,
Over the last 2 years, Sankalp Forum, a global platform with regional editions, has convened diverse stakeholder groups with the intent to create an ecosystem approach to enterprise-led development. With a philosophy, that transformative economies will be borne from high- impact businesses that have the ability to scale, we have convened over 1200 global influencers including entrepreneurs, investors, multinational corporations, government representatives, intermediaries, capacity support providers, academic institutions and so many more.
We realize that transformative businesses do not act alone, but move in sync with the larger economies of which they are a part and this year’s Sankalp Africa Summit will take a comprehensive look at the different strata of society which shape, influence, and stimulate inclusive and high-impact enterprises, while also building markets to efficiently carry these businesses to scale, enabling them to reach their full potential.