Based on mobile phone communications and history of airtime credit purchases, we estimate
the relative income of individuals, the diversity and inequality of
income, and an indicator for socioeconomic segregation for ﬁnegrained regions of an African country. Our study shows how to
use mobile phone datasets as a starting point to understand the
socio-economic state of a country, which can be especially useful
in countries with few resources to conduct large surveys.
With $94 million committed by a pioneering group of investors – including anchor support from Grand Challenges Canada (funded by the Government of Canada), the German Ministry for Economic Cooperation and Development (acting through KfW) and the Children’s Investment Fund Foundation – the Global Health Investment Fund (“GHIF” or the “Fund”) will help advance the most promising interventions to fight challenges in low-income countries such as malaria, tuberculosis, HIV/AIDS and maternal and infant mortality. To help mitigate the risk of investing in the clinical development of new technologies, the Gates Foundation and the Swedish International Development Cooperation Agency have committed to partially offset potential losses in the Fund,
This means entrepreneurs will now be able to raise up to $1 million a year through crowdfunding, which has been praised for democratizing entrepreneurial finance by allowing a larger pool of investors to take part in helping emerging startups grow. This method does away with the need for personal connections to investors that has been necessary in most VC circles.
As demand for vital social services for vulnerable communities increases, and funding for these services decreases, we must find more cost-effective ways to address critical needs. Even more important is the need to deliver these services through programs that provide more and better results for each dollar invested in them.
Banking doesn’t have to be evil, and there are genuine bankers who care about the societies that they serve.
In just thirteen hours, 1,700 Dutch households raised 1.3 million euros to fund a two megawatt wind turbine in Culemborg, Netherlands. Vestas Wind Systems constructed the turbine in 2005, and upstart crowdfunding firm Windcentrale recently repurchased the turbine to refinance it.
We are proud to announce that we will be investing equity into the Portland Seed Fund’s second fund and Ecotrust Forest Managements Forest Fund II. These investments are exciting to us as they represent market rate investment opportunities that hit our “bullseye” for mission related investing. These investments are also important because they are direct investments from our corpus rather than our grant funds.
We are a dedicated team of medical doctors, economists, scientific researchers and project coordinators with partners around the globe to bring safe water to people living at the bottom-of-the-pyramid (BoP) throughout the world. We’ve developed an inexpensive device to guarantee safe drinking water using only solar power. It’s called WADI! With your help, we can conduct a comprehensive Health Impact Study in India to provide large-scale evidence of WADI’s effectiveness in reducing waterborne diseases.
On Monday, federal legislation goes into effect to allow small start-ups to ask for equity investments publicly, such as through social media sites or elsewhere on the Internet, without having to register the shares for public trading. Business owners will now be able to raise any amount, though only, at this point, from “accredited investors” — those deemed wealthy and sophisticated enough to understand and withstand risk.
The UNGC announced the launch of the Global Compact 100, an index of companies committed to the UNGC’s ten principles. Better yet, the index outperformed the FTSE All World in each of the last two years.