Is Philanthropy Ready For System Change?

On July 26th, 2013 Peter Buffett wrote an opinion piece in the New York Times that caused a little brouhaha in the philanthropy and social entrepreneurship worlds. The piece drew praise and criticism, notably from Matthew Bishop, and some buzz for a time, and then faded away.  For me, the criticism missed the point, which I thought was right on.  I decided to write about the topic when one of our young team members from Nicaragua forwarded the op-ed to our whole team. The piece did for him what every good piece will do: it made him feel and it made him think. Even better, it energized him and made him realize that he was not alone.

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A Brighter Idea for the Future

One idea lights a thousand candles.” – Ralph Waldo Emerson

Imagination and light go hand in hand. A bright idea is commonly depicted with a light bulb, or more specifically, a traditional incandescent bulb – the very same kind that was invented more than 100 years. Our ideas have evolved greatly over the past 100 years, so why has the object used to depict them remained static?

Try to imagine a solar lamp of versatile and sustainable design, a base from which to explore your creativity, adaptable over time to fit the needs of the future. This is a much more accurate representation of the ideas emerging from society today.

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Entrepreneurial Success: 7 Simple Actions

enerselva3I joined Agora because I was inspired by its work to promote the development of social entrepreneurs in Latin America. After selecting entrepreneurs generating positive social impact in Latin America, Agora facilitates these entrepreneurs’ access to financial, social, and human capital to increase their success and impact. I am currently advising four social social enterprises in Peru: two in clean cookstoves, one in solar lamps, and one in organic smallholder agriculture.

Having worked in microenterprise, small business training, and consulting in Africa and Latin America, I believe human and social capital are even more important to individual, company, and country development than financial capital. Here are the most important verbs I have identified for successful entrepreneurs:

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There’s a Lot More to Coffee Than Beans

I set off with Luisa Lombera and Gates Gooding, the founders of a company named Pixán, (which means happiness, soul or essence in Maya), joining them in their quest to find the raw material that had thus far eluded them. Fresh from Agora Partnerships’ Entrepreneur Retreat held in Granada, Nicaragua, we were infused with an invigorated sense of purpose.

Gates and Luisa applied to the Agora Accelerator with the aim of turning Pixán into a flourishing business that will double the income of coffee farmers in the Pixán supply chain. Searching for an opportunity to create impact in the coffee sector in Latin America, they were inspired by the Yemeni traditional practice of making a drink called kishr (or qishr), which is a kind of chai made with coffee fruit, ginger, cardamom and cinnamon. Luisa and Gates took to the idea and are now looking to produce a beverage made with an infusion of dried coffee fruit, also known as “cáscara” (skin or peel – in Spanish).

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Shared Values: what we look for when selecting entrepreneurs for the Agora Accelerator

Ben Powell - Impact Investing in Action 2013 (1)The Agora Accelerator is designed for entrepreneurs with real potential to make a significant positive contribution to the world. When we select our classes, we look at a number of factors including business model innovation, scalability, and social impact. But the most important factor by far is the quality of the entrepreneur.  Figuring out who are the most promising entrepreneurs for the accelerator is one of our hardest jobs, especially given the tremendous energy and innovation we are seeing among entrepreneurs working throughout Latin America.  We don’t pretend to have all the answers, but we have found that using core values as a framework can be incredibly helpful in understanding the power an entrepreneur will eventually wield to propel his/her company to success.

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Valores Fundamentales – lo que buscamos cuando se seleccionan emprendedores

Ben Powell - Impact Investing in Action 2013 (1)La Aceleradora Agora está diseñada para emprendedores con potencial real para hacer una contribución importante y positiva al mundo. Cuando se seleccionan nuestras clases, nos fijamos en una serie de factores que incluyen que tan innovador es el modelo de negocio, la escalabilidad y el impacto social; pero el factor más importante es la calidad del emprendedor. Averiguar quienes son los emprendedores más prometedores para la Aceleradora es una de nuestras tareas más difíciles, sobre todo en vista de la enorme energía y la innovación que estamos viendo entre emprendedores que trabajan en América Latina. No pretendemos tener todas las respuestas, pero hemos encontrado que el uso de una serie de valores fundamentales como marco puede ser increíblemente útil para comprender la motivación de un emprendedor, para impulsar su empresa al éxito.

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Con Ágora Partnerships, uno siempre tiene más de lo que espera

IMG_6309Marcelo Hernandez Mahecha y Alexander Valencia participaron en La Aceleradora Agora 2014. Su negocio, CAIA Ingeniería, provee servicios de consultoría de energía y emisiones para empresas en industrias de alto consumo energético en Colombia. Luego, CAIA brinda servicios para implementar las mejoras recomendadas, a través de innovadores contratos de rendimiento de ahorro energético, que reducen o hasta eliminan las salidas de flujos de sus clientes.

Hablamos con Marcelo sobre su experiencia en La Aceleradora Agora y esto fue lo que nos contó.

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Completing the Puzzle: how the Agora Accelerator helped PACE MD piece together a complicated business model

In Mexico, more than 3 million neonates die in their first month of life, almost 300,000 women from complications at birth, and more than 750,000 children die of diarrheal illness each year. And this is just the beginning. Haywood Hall, founder of PACE MD, discovered that a significant amount of these deaths can be averted with proper training. Mexico suffers from a “Medical Knowledge Gap” in which health care providers lack fundamental training and/or continuing medical education opportunities to provide consistent high quality care.

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The Value of Community Along the Road Less Traveled

Vega is solving a major problem in the coffee industry: 80% of coffee farmers worldwide (20 million farmers) are trapped in a cycle of subsistence farming, earning around $1 per pound of coffee which is ultimately sold for upwards of $20 per pound. Typical coffee supply chains include around 20 middlemen and can take up to 6 months for the coffee bean to reach the consumer.

Vega empowers coffee farmers in Nicaragua to process their own premium beans, and connects them directly with coffee lovers on their online marketplace.

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Agora Accelerator Provides Birds-Eye View for Entrepreneurs in Latin America


Luciérnaga distributes small solar lighting technologies that affordably meet the
lighting and device charging needs for energy poor populations in Central America. Luciérnaga fights energy poverty, delivers clean energy, and strengthens markets. The company has sold 3,400 solar lights, providing 17,000 people with access to light and allowing them to save up to $220 per year.

Luciérnaga participated in the 2014 Agora Accelerator. We interviewed the Founder and Managing Director, Sebastian Africano, to learn more about why he decided to apply for the Accelerator and what value he gained.

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Accelerating Businesses Creating Positive Impact