Welcome to the Global South of today. Entrepreneurship is on the rise. Innovation is blossoming. Opportunities are endless if we can harness the power of youth. This November, we are bringing young activists together with policymakers, social entrepreneurs, and development practitioners for the 6th Annual Frugal Innovation Forum(FIF) - rethinking and co-creating solutions that scale opportunities for youth.
Remember when Segway launched in 2002? It was predicted to revolutionise transportation and hit the $1 billion sales mark faster than any company in history. But by 2010 it had sold less than 30,000 units and was termed as one of the 10 biggest tech failures of the decade.
A total of 47 Bangladeshi development organisations, edupreneurs, social innovators and accelerator programmes joined BRAC's social innovation lab for an intense 90-minute sprint, this September. We brainstormed on how our education system can work for our future, and how we can solve the existing roadblocks.
On a quiet Wednesday afternoon in early August, Dhaka’s Tejgaon fire station got a call from Beltola, a crowded part of Korail slum. An electric wire was sparking and nearby houses were starting to catch on fire.
The integration of mobile money into microfinance operations is one of the most exciting yet challenging prospects facing microfinance providers today. Mobile money presents a fast, cost-efficient and flexible alternative delivery channel through which money can be transferred, loans can be repaid and savings can be deposited.
In April, BRAC, Access to Information (a2i), fhi360, USAID and IFMR LEAD jointly organised an event named ‘Digital financial inclusion: Innovations from Bangladesh’ to invite local stakeholders to discuss their experiences and emerging solutions (see a recent write-up by IMFR LEAD summarising the event).
Many perceive South Asia as home to poverty, population explosion and disasters.However, this is only one side of the coin. The other side shows indomitable spirit of resilience that can be seen in grassroots communities across South Asia.
What are some of the most effective innovations taking place in South Asia, the region most vulnerable to climate change? What do we know about strengthening livelihoods, financial and social protections to increase resilience for the poorest? This post is the fourth in a series of blogs that will share BRAC’s lessons on building and scaling resilience to climate change.