From March to April 2018, Impact Hub Caracas conducted together with GIZ research on Business Engagement in Venezuela. The research included interviews with 11 entrepreneurs, business owners and funders, interviews with 6 experts from fields as Economy, Political Science, Corporate Accelerator. The main areas of research focused on:
- Factors that are defining Venezuela’s entrepreneurial context
- Personality traits/mindsets that make entrepreneurs successful
- Sources of inspiration from successful entrepreneurs in Venezuela
- Social stakeholders and their influence on the success of an entrepreneur
- Sources of available funding in Venezuela
- Education sources
- Strategies to be successful entrepreneurs in Venezuela
- How can small & medium entrepreneurs make use of business opportunities in contexts of economic fragility
„The Impact Lab – Take action to the next level!” global event was a 3-day workshop held in Impact Hub Berlin (October 23 – 25, 2018) and hosted 23 participants from 14 countries. It was an opportunity to learn and connect with other members of the Global Leadership Academy (GLAC) Community, passionate about innovation and collaboration.
The call for interest was aimed at members of the GLAC Community from the three existing Community pillars – GLAC Leadership and Innovation Labs, Global Diplomacy Labs and the Transformation Thinkers Network – who have developed change ideas or initiatives individually or in teams. In contrast to previous Labs of the Global Leadership Academy, which all focused on specific issues like inclusive insurances, migration or human trafficking, the Impact Lab was first and foremost action-oriented and specifically designed to further support work and projects tackling the SDGs and to create important cross-linkages among members from the different fields.
Selected community members benefited from intense professional support from knowledgeable facilitators, Flora Rosenow, and Shahed Molvi, who designed and delivered the 3-day workshop in Berlin. The Impact Lab was designed to support participants in reframing the problem they were trying to tackle, in creating persuasive communication with target audiences, potential partners and funders and developing a feasible project plan with specific practical steps that will take each project to the next stage.
Every participant or group that took part in the Impact Lab was offered access to professional 1-1 support provided by expert Impact Hub mentors. The projects that expressed interest received customized 1-1 training including advisory services and on-site coaching on critical fields such as strategy, legal advice, communication or business modeling according to their needs. For more information, check out the Inside Report.
Inspiring and accelerating innovation from within GIZ
In early 2017 GIZ piloted an internal Innovation Fund in order to improve its service delivery through innovative digital tools and nurture its corporate innovation culture. It was an overwhelming experience! GIZ staff from projects worldwide welcomed the initiative and submitted more than 250 ideas. From these submissions, six teams were chosen to turn their ideas into Minimum Viable Products through an accelerator programme, applying Human-Centered Design. The ideas ranged from data sourcing applications to a system that allows consumers in Germany to tip the producers in developing markets for their products.
Impact Hub Berlin through its worldwide network provided support to each team in their countries of residence, in Brazil, South Africa, Jordan and Germany. Being well-connected and on the ground, Impact Hub Berlin could give hands-on guidance in product development, navigated the teams through the several steps of the design thinking process, and assured that all products were ready for the final pitch in December 2017, which was a great success!
Developing business models to address development challenges
The lab of tomorrow fosters the development of new business model-driven solutions for specific challenges affecting developing and emerging countries. It matches representatives of European and in-country companies, customers, specialists and political partners to develop business models for sustainable development in a co-creative innovation process. With support of the lab of tomorrow, the innovative business models are tested and piloted in the partner country.
On behalf of the Federal Ministry for Economic Cooperation and Development, this new approach for private sector engagement in international development cooperation has been designed by the GIZ. Until now, five lab of tomorrow processes have been implemented and guided by Impact Hub Berlin.
Zambia – Increasing Tax Revenues from SMEs
Kenya – Food not Waste