This online network aims to connect entrepreneurs, investors and experts to make an impact at the base of the pyramid
ennovent, a for-profit enterprise, has launched its Global Network at www.ennovent.com. This online network connects entrepreneurs, investors and experts to discover, finance and scale for-profit innovations for sustainability at the base of the economic pyramid. The Network will mainly focus on India and will cater to innovations in five key sectors: energy, food, water, health and education.
The Global Network offers the following benefits for individuals and companies:
Entrepreneurs – Showcase your solution and attract investors and experts
Investors – Present your fund and find potential investments and experts
Experts – Offer your service and get business or volunteer opportunities
One of services of the platform called Requests, allows members to crowdsource resources from the network. A seeker posts a request for support, which ranges from looking for volunteers, lawyers, accountants to raising funds etc. This request is sent to relevant members in the network using a matching algorithm. A connector (someone who knows of help) or a solver (who can directly help) responds with their support and gets the promised reward. Seekers are asked to pay a fair price to ennovent for making the connection to the solver, a revenue model called FairPay by ennovent.
ennovent also offers challenges to clients to discover entrepreneurs with the best solutions to solve local problems of sustainability at the base of the economic pyramid. Each challenge awards the best solutions with an investment, grant or a non-monetary reward. Connectors who nominate winning solutions can also receive a reward for the nomination.
Do register to find out more about ennovent’s offerings through their global network.
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Looks like this is inspired from C.K.Prahlads book ‘Bottom of the Pyramid’. There were a few claims going against the notion and said that there’s no goldmine at the base of the pyramid. This network strikes that particular chord and will try to start the roll. Pretty good concept and it can turn out to be a win-win situation for the entrepreneurs as well as the masses.