Sunday, October 03, 2010

LoftyInc Headlines at Social Impact Investment Summit hosted by MIIS @ Monterey, CA

LoftyInc Partner, Damilola Agboola was among members of the investment, educational and social development community that featured at an event designed to obtain commitments from silicon valley investors to a new social impact investment model. The theme of the summit was: "What It Takes:  Enterprise Development through Social Impact Investment".

Partner, Dami Agboola discusses the model at the event
The one day event was held at the McCone Boardroom on September 24 2010, of the Monterey Institute of International Studies; after an evening reception, held the previous evening at the Santa Barbara Room at the Monterey Marriott Hotel, CA. 

The purpose of the one day event according to the organizers, was to "engage key stakeholders and potential investors in a substantive discussion regarding enterprise development opportunities in low-income countries, with a particular emphasis on formation of an investment facility and its linkages with a complementary education facility for base-of-the-pyramid entrepreneurial development."

LoftyInc Partner, Damilola Agboola made a brief presentation to attendees focusing on the unique high impact business incubation model of LoftyInc Allied Partners Limited. He proposed for the model to be replicated under the auspices of a global program targeting five high growth economic regions; Nigeria, Philippines, India, China and yet to be determined East African country. While competing models were presented to summit attendees, the LoftyInc model was warmly received and plans are already under way to support the extensive roll out program in Nigeria next spring under the Innovation Incubation Initiative (I-3). 
Cross-Section of Summit Attendees
Significant dollar commitments were also obtained from summit attendees (which came from industry, social impact investment community and development agencies) towards supporting a cluster of educational institutions, business incubators and eventually an independently managed fund to support this global program.

More Pictures from the Event


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