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Small firms which want to profit from doing good
2013-06-06
 

IP News

Home > IP News

Small firms which want to profit from doing good

2013-06-06

Dr Bill Rodriguez has three big, audacious goals. He wants to solve a major public health need in Africa, prove that he can make a viable business while doing good, and attract great employees who will not have to choose between feeding their families and making a difference in the world. "It's a lot," he admits. "So far, it's gone OK - better than I would have hoped."

Traditionally, charities and other non-profit organisations have led efforts to provide safe food, water and medications in the developing world. But Dr Rodriguez is part of a new generation of entrepreneurs and small businesses who see a market in some of the world's poorest communities - despite challenges such as a lack of infrastructure, haphazard government regulations, investor reluctance and the absence of role models. This growing entrepreneurial interest is particularly evident in Boston and neighbouring Cambridge, Massachusetts, home to Harvard University, the Massachusetts Institute of Technology, Boston University and other leading US colleges. These universities turn out technology that allows devices to get cheaper, smaller, and more portable, and attract innovative people who come from and care about all parts of the globe.

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(BBC News)


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