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The New BoP EconomyBuilding the Ecosystem April 2014 Jack Sim Founder of BoP Huband World Toilet Organization
The global BOP related charity size is USD 2 trillion, but the impact has been limitedSource: A.T.Kearney, TNS Global, London School of EconomicsEmerging EconomiesAid to* ** ** ** ** *~All in emerging economiesGlobal BOP Population Geographical Distribution*
The BoP income & purchasing powerBase of the Pyramid is home to 4 billion people who live on $8 or less a day
Combined purchasing power of the BoP market in 8 emerging markets China, India, Brazil, Russia, Indonesia, Turkey, South Africa, Thailand are worth $12.5 trillion
The BoP is a source of untapped entrepreneurial opportunity; capitalizing on this opportunity will bring cheaper, faster and better services to the poor
A brave new BoP market place:The OpportunityTiming is Perfect4 Billion New CustomersTrend is GrowingSuccess ModelsFunds Follow OpportunitiesHuman Capital
BoP sectors and market valueThe financial worth of each sector:Food: $2,895 billionEnergy: $433 billionHousing: $332 billionTransportation: $179 billionHealth: $158 billionICT: $51 billion Water: $20 billion
BoP health innovatorsMarket opportunity of 300,000 low-income patients per year
Produces 1.8 million lenses for price as low as $2
Largest provider of eye surgeries in the worldImproved access to healthcare for 12 million people across Africa
Enable efficient supply chain distribution from regional to community level
Affordable and reliable last mile distribution for healthcare
BoP health innovatorsMarket opportunity of 703 million people
Increase productivity by 35%
Market-based approach; selling affordable and quality eyeglasses to the BoP consumer Tele medicine consultations reaching 31,000 people
300,000 access to safe drinking water daily
Cross-sector approach to improve wellness, productivity and quality of life.
To date, only a handful of inclusive business models have managed to reach a significant amount of people. Instead, most remain island solutions, whose impact is limited. ENDEVA, 2014Different interests and uncoordinated efforts leads to an inefficient use of resources There is Great Profit, High Efficiency & Impact in Cutting WasteThe island situation
Leveraging on each others assets to create a vibrant ecosystemFoundationsNGOsMNCs & SMEs
Development banks
GovermentsUN GroupsSocial EntrepreneursUniversities
International Forums
*BoP Communities
2008Wellness market opportunities
Ashokas Wellness/Nutrition Innovation Labs catalyze new business opportunities by exploiting this connection and sourcing novel solutions to deliver wellness, and transform the nutrient value chain.
Wellness the vitality to live up to our full potential as human beings is the goal.
Access to illness care plays a role, but prevention primary care, full nutrition, safe drinking water, and sanitation is both more important and less expensive.Wellness cannot be pursued solely or even primarily through the conventional medical care system, and yet few resources are devoted to assuring full nutrition, safe drinking water, and sanitation for the BOP, as well as pushing health to the doorstep.
Strategy: bring health & wellness services to homes, schools and workplacesUse mobile devicesLess expensiveMore effective in changing health-seeking behavior
Distribution NetworkLeverage on Existing Initiatives Increase Efficiency Cut WasteScaling UpReplication
Global science based company active in health nutrition and materials
Looking for new market penetration
Market survey & field test of new nutrition products
Target region: CambodiaField test
Scale and replication
Distribution
Monitoring and evaluation
Capacity building
Job creation
bop world convention and expo 2014To be held in Singapore 28 30 August 2014
Thank you
*Many players are trying to serve the BoP but different interests and uncoordinated efforts leads to an inefficient use of resources
*Gears come in machine part
We want to put in the gears and grease to get the development machine running
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